In a draft transaction, if the drawee is a bank, then the draft is referred to as a ________

Sala Co. is contemplating the replacement of an old machine with a new one. The following information has been gathered:

Old Machine New Machine Price $300,000 $600,000 Accumulated Depreciation 90,000 -0- Remaining useful life 10 years -0- Useful life -0- 10 years Annual operating costs $240,000 $180,600 If the old machine is replaced, it can be sold for $24,000. Which of the following amounts is a sunk cost? a) $240,000 b) $180,600 c) $600,000 d) $210,000

The specification for a plastic liner for concrete highway projects calls for a thickness of 6.0 mm ± 0.1 mm. The standard deviation of the process is estimated to be 0.02 mm

What are the upper and lower specification limits for this product? The process is known to operate at a mean thickness of 6.03 mm. What is the Cp and Cpk for this process? About what percent of all units of this liner will meet specifications?