The annual cash requirement for a firm is $1,000,000. The cost for each security transaction is $20 and current short-term return is 5 percent. Using Baumol's model estimate the initial cash balance.

The largest cost of the ERP system occurs after the implementation with the system design and upgrades

Indicate whether the statement is true or false

Vegetables from the summer harvest are currently being processed at Skone and Conners Foods, Inc The manager has found a case of cans that has not been properly sealed

There are three lines that processed cans of this type, and the manager wants to know which line is most likely to be responsible for this mistake. Provide the manager this information.Line Contribution to Total Proportion Defective1 0.40 0.052 0.35 0.103 0.25 0.07A) Line 1 B) Line 2 C) Line 3 D) Cannot be determined from this information