The possibility that the issuer of a bond will not pay the contractual interest or principal payments as scheduled is called default risk

When firms sell commercial paper at a _______ price than they projected, their cost of raising funds is _______ than projected.

A) higher; higher B) lower; lower C) both of these D) none of these

An assembly line has been designed to make battery-powered beverage mixers. Task details are shown in the table below:

Station Task Assigned Task Time (minutes) 1 1 3.0 2 3; 4 1.5; 2.0 3 2; 5; 6 1.5; 1.5; 1.0 4 7 3.0 5 8 2.5 6 9; 10; 11 2.0; 1.0; 1.0 a. What is the assigned cycle time (in minutes)? b. What is the maximum output rate of this line in mixers per hour? c. What is the total idle time per cycle? d. What is the assembly line's efficiency?