JP
Jorgie Polyzos
Answers (6)
JP
Answered
The value today of a specific sum of money to be received in the future is referred to as:
A) the future value of that sum of money.
B) the present value of that sum of money.
C) compound interest.
D) the time-value of money.
A) the future value of that sum of money.
B) the present value of that sum of money.
C) compound interest.
D) the time-value of money.
On Jul 07, 2024
B
JP
Answered
A transportation model's optimal solution uses no more than 10% of cells and has 100 sources. Find the number of destinations.
On Jul 05, 2024
First develop equations for the number of used cells and the total number of cells. Then use the ratio given to solve for the number of destinations, assigned as variable X below.
99 + X = number of cells used, 100X = total number of cells, (99 + X)/100X = .1 thus X = 6.9 = 7 destinations.
99 + X = number of cells used, 100X = total number of cells, (99 + X)/100X = .1 thus X = 6.9 = 7 destinations.
JP
Answered
When a company changes from a traditional costing system to an activity-based costing system, the unit product costs of high-volume products typically change more than the unit product costs of low-volume products.
On Jun 07, 2024
False
JP
Answered
Fashion Buyers II
A buyer for a department store must decide on which designs the stores will carry before he knows what the demand will be in the coming season.Choosing a poorly demanded design means lots of unsold merchandise and losses that are $200,000 on average.Passing on a highly demanded design means lots of unsold merchandise and missing out on profits that are $300,000 on average.So long as he is more than 40% confident that the design will be successful,carrying the design will minimize expected decision error costs.Why might he opt to carry designs only if he is more than,say,50% confident of success?
A buyer for a department store must decide on which designs the stores will carry before he knows what the demand will be in the coming season.Choosing a poorly demanded design means lots of unsold merchandise and losses that are $200,000 on average.Passing on a highly demanded design means lots of unsold merchandise and missing out on profits that are $300,000 on average.So long as he is more than 40% confident that the design will be successful,carrying the design will minimize expected decision error costs.Why might he opt to carry designs only if he is more than,say,50% confident of success?
On Jun 05, 2024
The buyer is rewarded for making good decisions and has bonuses withheld when he makes bad decisions.Every time the store has to dispose of unsold merchandise,it is apparent that he made a bad decision.However,there may be instances where his supervisor is unaware that the buyer passed on what would have been a profitable design.These bad decisions go unnoticed.He will opt to avoid the errors that are noticeable even if it means committing more errors that go undetected.
JP
Answered
Stocks are different from bonds because ___________________.
A) Stocks, unlike bonds, are major sources of funds.
B) Stocks, unlike bonds, represent residual ownership.
C) Stocks, unlike bonds, give owners legal claims to payments.
D) Bonds, unlike stocks, represent voting ownership.
E) Bonds pay dividends.
A) Stocks, unlike bonds, are major sources of funds.
B) Stocks, unlike bonds, represent residual ownership.
C) Stocks, unlike bonds, give owners legal claims to payments.
D) Bonds, unlike stocks, represent voting ownership.
E) Bonds pay dividends.
On May 08, 2024
B
JP
Answered
Which of the following is not considered a special journal?
A) purchases journal
B) cash receipts journal
C) general journal
D) cash payments journal
A) purchases journal
B) cash receipts journal
C) general journal
D) cash payments journal
On May 06, 2024
C