Which of the following is a cost-efficient practice?
a. turning fluorescent lamps off when not needed
b. replacing fluorescent lamps with incandescent types
c. letting fluorescent lamps burn continuously
d. removing dimmer switches from fluorescent
Answer: a. turning fluorescent lamps off when not needed
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Diemans Corp has provided a part of its budget for the second quarter
Apr May Jun Cash collections $40,000 $40,000 $52,000 Cash payments: Purchases of direct materials 4,500 5,000 7,000 Operating expenses 7,200 7,000 4,500 Capital expenditures 5,000 0 10,000 The cash balance on April 1 is $14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of April. A) $95,800 B) $54,000 C) $37,300 D) $65,300
Which of the following is the best advice a person can follow about his or her money and personal finances?
A) Close your eyes and hope for the best. B) Pay attention to it. C) Do what your parents did at their age. D) Keep earning more, and expenses will take care of themselves. E) Credit cards will damage your financial reputation.