The successful managerial organizations are practicing "reactive" management styles rather than using "anticipative" styles

Plimpton Sales presents income statements for the first three months of this year

Revenues are $1,000,000 in January, $1,200,000 in February, and $1,400,000 in March, while expenses total $800,000 in January, $900,000 February, and $1,000,000 in March. Despite the positive net income, the controller believes Plimpton Sales needs to arrange short-term financing of $300,000 to make payroll the next month. Which of the following statements is MOST correct? A) The controller must have made a mistake since the company's net income for the three months is $900,000. B) The company's accounts receivable balance has increased and the accounts payable balance has decreased over the past three months. C) The company's accounts receivable balance has decreased over the past three months. D) The company's accounts payable balance has increased over the past three months.

Suppose a man has ordered twelve 1-gallon paint cans of a particular color (lilac) from the local

paint store in order to paint his mother's house. Unknown to the man, three of these cans contains an incorrect mix of paint. For this weekend's big project, the man randomly selects four of these 1-gallon cans to paint his mother's living room. Let x = the number of the paint cans selected that are defective. Unknown to the man, x follows a hypergeometric distribution. Find the probability that none of the four cans selected contains an incorrect mix of paint. A) 0.25455 B) 0.01818 C) 0.50909 D) 0.21818