A pencil supplier just introduced quantity discounts. The price schedule follows
Order Quantity Price per Unit
000 - 199 $4.00
200 - 399 $3.75
400 and more $3.50
XYZ store's annual demand remains at 350 units and ordering cost at $2 per order. If annual holding cost is 30 percent of the pencils' per-unit price, what order quantity should XYZ select to minimize all costs?
A) fewer than or equal to 150 units
B) greater than 150 units but fewer than or equal to 199 units
C) greater than 199 units but fewer than or equal to 399 units
D) greater than 399 units
C
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Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $38,000 and $28,000 respectively, and the remainder equally. How much of the net income of $75,000 is allocated to Xavier?
A) $66,000 B) $40,000 C) $35,000 D) $43,000
Loraine is a shareholder of Taley Corp She would like to inspect and copy the company's minute book, accounting records, and shareholder lists. Under what circumstances is Loraine allowed to inspect or copy corporate records?
Under CERCLA the Superfund money is spent:
a. on a first come first served basis. b. based in part on a national priorities list. c. in chronological order from the date of the discovery. d. according to the allocation voted by Congress.
The textbook provides a history of returns from 1950 through 1999 for four classifications of securities in the United States. Rank the average returns from the highest to lowest over this time period
A) Large-company stocks, small-company stocks, 3-month U.S. Treasury bills, long-term government bonds B) Long-term government bonds, 3-month U.S. Treasury bills, small-company stocks, large-company stocks C) Small-company stocks, large-company stocks, long-term government bonds, 3-month U.S. Treasury bills D) Large-company stocks, long-term government bonds, small-company stocks, 3-month U.S. Treasury bills