The basic feasible solution in the initial simplex tableau is the origin where all decision variables equal zero
Indicate whether this statement is true or false.
Answer: TRUE
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The corporate form of organization offers which of the following disadvantages?
a. limited liability of owners; b. transferable ownership units; c. ease of raising capital; d. unlimited life; e. government regulation
Often a bank will require a company to pay off its line of credit (return the balance to zero) and keep it there for a specific period of time each year
For example, a requirement might be that the line of credit remains at a zero balance for at least one sixty-day period each year. This is called the clean-up period. Indicate whether the statement is true or false.
A simple will may not be appropriate if
A) the estate is small. B) the estate is large. C) the person is married. D) the entire estate is to go to the spouse.
Pepper Corporation owns 75 percent of Salt Company's voting shares. During 20X8, Pepper produced 50,000 chairs at a cost of $79 each and sold 35,000 chairs to Salt for $90 each. Salt sold 18,000 of the chairs to unaffiliated companies for $117 each prior to December 31, 20X8, and sold the remainder in early 20X9 to unaffiliated companies for $130 each. Both companies use perpetual inventory systems.Based on the information given above, what amount of cost of goods sold must be eliminated from the consolidated income statement for 20X8?
A. $2,963,000 B. $1,620,000 C. $2,765,000 D. $1,422,000