Taizhou Products uses 800 units of a product per year on a continuous basis. The product has carrying costs of $50 per unit per year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the firm requires a safety stock of 5 days […]
Date: September 19th, 2020
TRUE or FALSE: In Chapter 11 proceedings, the court almost always strictly adheres to the Absolute Priority Rule (APR). a. TRUE b. FALSE ANSWER B
Date: September 19th, 2020
Futures trading features daily _(i)_ in cash and _(ii)_. _(i)_ _(ii)_ a. closing marking-to-market b. resettlement closing c. resettlement marking-to-market d. swapping marking-to-market. ANSWER C
Date: September 19th, 2020
In a, the claimants have already worked out the terms of the reorganization, and basically file just to make the agreement official. a. perfunctory filing b. token filing c. prepackaged bankruptcy d. gesture filing ANSWER C
Date: September 19th, 2020
Jia’s Apple Farm uses 12,600 baskets a year for apple shipment. Determine the optimum order quantity of baskets assuming the order costs per order is $600 and it costs $2 to carry a unit of basket in inventory per period. What will be an ideal response? ANSWER EOQ = = 2,750 units
Date: September 19th, 2020
In complete voluntary liquidations, the sum of the firm’s parts is worth more than the whole, for all of the following reasons EXCEPT: a. the assets (or divisions) may be worth more in the hands of more competent managers. b. liquidated assets always sell at a premium to their fair value. c. the special tax […]
Date: September 19th, 2020
A swap contract is in essence a portfolio, or series, of a. forward contracts. b. futures contracts. c. repurchase agreements. d. resettlement agreements. ANSWER A
Date: September 19th, 2020
Inventory items that belong in the C category include ________. (See Table 14.4) A) Items 4 and 6 B) Items 6 and 8 C) Items 1, 7, and 9 D) Items 1 and 3 ANSWER C
Date: September 19th, 2020
Jia’s Apple Farm uses 35 baskets each day to pack apples for shipping. It takes 5 days to receive a shipment of baskets after an order is placed and she would like a safety stock of 3 days in inventory. At what level of inventory should Jia’s place an order for baskets? ANSWER […]
Date: September 19th, 2020
In the EOQ model, ________ costs are the fixed clerical cost of writing a purchase order, processing the paper work, and verifying the invoice. A) basic B) order C) carrying D) insurance ANSWER B
Date: September 19th, 2020
