Which of the following are advantages of reducing inventory?
I. Engineering changes can be made sooner.
II. Quality can be improved.
III. Less space is needed in manufacturing.
IV. Lead time will be shorter.
A) I, II, III and IV
B) I, II and IV only
C) III and IV only
D) I, II and III only
E) II, III and IV only
A
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From the following details, provided by a merchandising company, prepare the selling and administrative expenses budget for the first quarter of the next year
Rent Expense $8,000 per month Depreciation Expense $ 3,500 per month Insurance Expense $1,250 per month Miscellaneous Expense 2% of sales, paid as incurred Commissions Expense 10% of sales Salaries Expense $7,000 per month Jan Feb March Sales $50,000 $65,000 $80,000 What will be an ideal response
Lobel Machines Company is evaluating an investment of $1,100,000 which will yield net cash inflows of $197,062 per year for 7 years with no residual value
What is the internal rate of return? Present value of ordinary annuity of $1: 5% 6% 7% 8% 1 0.952 0.943 0.935 0.926 2 1.859 1.833 1.808 1.783 3 2.723 2.673 2.624 2.577 4 3.546 3.465 3.387 3.312 5 4.329 4.212 4.100 3.993 6 5.076 4.917 4.767 4.623 7 5.786 5.582 5.389 5.206 8 6.463 6.21 5.971 5.747 9 7.108 6.802 6.515 6.247 10 7.722 7.36 7.024 6.71 A) 5% B) 6% C) 7% D) 8%