The production planner for Airbus showed his boss the latest product mix suggestion from their slick new linear programming model: 12.5 model 320s and 17.4 model 340s
The boss looked over his glasses at the production planner and reminded him that they had several half airplanes from last year's production rusting in the parking lot. No one, it seems, is interested in half of an airplane. The production planner whipped out his red pen and crossed out the .5 and .4, turning the new plan into 12 model 320s and 17 model 340s. This production plan is definitely feasible.
Answer: TRUE
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If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to:
a. Debit Salary Expense and credit Cash. b. Debit Tim Jones, Salary and credit Cash. c. Debit Cash and credit Tim Jones, Withdrawals. d. Debit Tim Jones, Withdrawals and credit Cash. e. Debit Automobiles and credit Cash.
The major difference between currency futures and forward contracts is that futures contracts are standardized for ease of trading on an exchange market whereas forward contracts are specialized and tailored to meet the needs of clients
Indicate whether the statement is true or false.