MM
Michael Mutinda
Answers (8)
MM
Answered
An acceptance sampling plan's ability to discriminate between low quality lots and high quality lots is described by
A) a Gantt chart.
B) the Central Limit Theorem.
C) a process control chart.
D) an operating characteristics curve.
E) a range chart.
A) a Gantt chart.
B) the Central Limit Theorem.
C) a process control chart.
D) an operating characteristics curve.
E) a range chart.
On Jul 21, 2024
D
MM
Answered
Suppose a company evaluates divisional performance using both return on investment (ROI) and residual income. The company's minimum required rate of return for the purposes of residual income calculations is 12%. If a division has a residual income of $6,000, then its return on investment is less than 12%.
On Jul 14, 2024
False
MM
Answered
How can the United States compete successfully with a relatively low-wage nation such as Mexico?
On Jun 21, 2024
If the low wages are a reflection of a low level of productivity, the per-unit cost of Mexico's products will not be any greater than the per-unit costs in the U.S. It is not the level of wages alone that determines the cost of a product, but rather the wage relative to the level of output per hour. Wages in the U.S. are high, but so is the level of productivity, often keeping per-unit costs as low as or lower than those in low-wage nations.
MM
Answered
____ is a statement that identifies the situation in which a decision is required and specifies how the decision will be made.
A) A nonprogrammed decision
B) A stakeholder audit
C) A subjection scenario
D) Collaborative computing
E) A decision rule
A) A nonprogrammed decision
B) A stakeholder audit
C) A subjection scenario
D) Collaborative computing
E) A decision rule
On Jun 14, 2024
E
MM
Answered
The average duration of unemployment and changes in the consumer price index for services are
A) leading economic indicators.
B) coincidental economic indicators.
C) lagging economic indicators.
D) composite economic indicators.
A) leading economic indicators.
B) coincidental economic indicators.
C) lagging economic indicators.
D) composite economic indicators.
On Jun 08, 2024
C
MM
Answered
Several years ago, Alcoa was effectively the sole seller of aluminum because the firm owned nearly all of the aluminum ore reserves in the world. This market was not perfectly competitive because this situation violated the:
A) price-taking assumption.
B) homogeneous product assumption.
C) free entry assumption.
D) A and B are correct.
E) A and C are correct.
A) price-taking assumption.
B) homogeneous product assumption.
C) free entry assumption.
D) A and B are correct.
E) A and C are correct.
On May 16, 2024
E
MM
Answered
The labor efficiency variance is:
A) $4,000 F
B) $4,125 F
C) $4,125 U
D) $4,000 U
A) $4,000 F
B) $4,125 F
C) $4,125 U
D) $4,000 U
On May 09, 2024
D
MM
Answered
The LaGrange Corporation had the following budgeted sales for the first half of the current year: 
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:Collections on sales:50% in month of sale40% in month following sale10% in second month following saleThe accounts receivable balance on January 1 of the current year was $75,000, of which $47,000 represents uncollected December sales and $28,000 represents uncollected November sales.The total cash collected during January by LaGrange Corporation would be:
A) $321,000
B) $264,000
C) $94,000
D) $235,600
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:Collections on sales:50% in month of sale40% in month following sale10% in second month following saleThe accounts receivable balance on January 1 of the current year was $75,000, of which $47,000 represents uncollected December sales and $28,000 represents uncollected November sales.The total cash collected during January by LaGrange Corporation would be:A) $321,000
B) $264,000
C) $94,000
D) $235,600
On May 08, 2024
D