Which of the following is correct about contracts entered into by insane persons?
A) Contracts entered into by persons adjudicated insane are void, and those entered into by
nonadjudicated insane persons are voidable.
B) Contracts entered into by all insane persons are voidable.
C) Contracts entered into by persons adjudicated insane are voidable, and those entered into
by nonadjudicated insane persons are void.
D) Contracts entered into by all insane persons are void.
A
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The optimal solution:
Consider the following maximization problem. MAX z = x + 2y s.t. 2x + 3y ? 6 5x + 6y ? 30 y ? 1 A) occurs where x = 4.67 and y = 1.11. B) occurs where x = 0 and y = 2. C) occurs where x = 6 and y = 0. D) results in an objective function value of 12.
The revenue is $10,000, the cost of goods sold is $2,000, the selling, general and administrative expenses are $3,000, and depreciation is $1,000. What is the EBIT?
A) -$1,000 B) $2,000 C) $3,000 D) $4,000