The credit department must have access to cash in order to exercise effective internal control over receivables

Indicate whether the statement is true or false

FALSE

Business

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People may employ a reference point to evaluate fairness

a. true b. false

Business

Write the appropriate expression for profit

Sara's Sensible Critters makes two kinds of catnip toys: balls (x1) and mice (x2). The relationship between demand and price for balls and mice is: x1 = 1800 - 150p1 x2 = 1500 - 300p2 The cost for a catnip ball is $2 and for the mouse, $3. Sara has only 200 ounces of catnip on hand. A ball uses a tenth of an ounce and a toy mouse uses one-quarter of an ounce. A) Max Z = (p1 - 3)x1 + (p2 - 2)x2 B) Max Z = (p1 + 2)x1 + (p2 + 3)x2 C) Max Z = (p1 - 2)x1 + (p2 - 3)x2 D) Min Z = (p1 - 2)x1 + (p2 - 3)x2

Business