Under what circumstances is simulation normally used?
What will be an ideal response?
Simulation is normally used only when a problem is too complex to be treated using numerical optimization techniques.
Business
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Which of the following values is considered the market value when valuing inventory at lower-of-cost-or-market?
A) sales price less the company's normal mark-up percentage B) current replacement cost C) cost plus the company's normal mark-up percentage D) historic cost
Business
Baird and Carr owned real property as joint tenancy. Baird dies and wills his property to his wife. Who would receive Baird's interest under the joint tenancy?
A. Baird's wife. B. Carr. C. Carr and Baird's wife. D. Baird's estate.
Business