Operates under conditions of certainty

Assignment Help Accounting Basics
Reference no: EM13703952

"I would like to use LP, but it's a technique that operates under conditions of certainty. My plant doesn't have that certainty; it's a world of uncertainty. So LP can't be used here." Do you think this statement has any merit? Why or why not? Explain why the manager may have said it and then further substantiate his argument or compose a rebuttal. (LO 1, 4, 5)

Reference no: EM13703952

Questions Cloud

Examine the throughput of a tcp connection : Compare the Weighted Fair Queuing, Priority Queuing, and FIFO schemes in terms of drop rate, delay, and delay variation. What are the advantages and disadvantages of each - examine the throughput of a TCP connection as the flow control window size..
The hardness of clay at three different temperatures : My manufacturing processes professor gave us this question, and said we can use temperatures from our fridge, freezer, etc. I don't even know where to start on this problem, or end for that matter.
Company s corporation election was made on january : 1. John Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111111), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303. The company's S corporation election was made ..
An air-standard diesel cycle has a compression ratio : An air-standard Diesel cycle has a compression ratio of 18.2. Air is at 27°C and 100 kpa at the beginning of the compression process and at 1700 K at the end of the heat-addition process.
Operates under conditions of certainty : "I would like to use LP, but it's a technique that operates under conditions of certainty. My plant doesn't have that certainty; it's a world of uncertainty. So LP can't be used here." Do you think this statement has any merit? Why or why not? ..
Consider an electric motor with shaft power output : Consider an electric motor with shaft power output of 20kW and an efficiency of 88%. Determine the rate at which the motor dissipates heat to the room it is in when the motor operates at full load. In winter, this room is normally heated by a 2-kW re..
The entries in 2007 to record the tax loss carryforward : Assume the management of Marcos Corp. thinks that it is more likely than not that the loss carryforward will not be realized because it is difficult to project future profitability (this is before results of 2008 operations are known). Marcos C..
What is the direct labor rate variance : What is the direct labor rate variance for the month? is it favorable or unfavorable?question 2b. what is the direct labor efficiency variance for the month? is it favorable or unfavorable?
Influenced the level of inherent risk arthur andersen : 2. The SEC noted six reasons why the bill and hold sales recorded by Mattel did not qualify as consummated sales transactions. Identify and discuss the general conditions for recognizing revenue from sales transactions. Also, identify circumst..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Santana rey is considering the purchase of equipment for

santana rey is considering the purchase of equipment for business solutions that would allow the company to add a new

  Determine the accounting principles-foreign and domestic

Determine the accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements.

  Sally medavoy will invest 7470 a year for 20 years in a

sally medavoy will invest 7470 a year for 20 years in a fund that will earn 10 annual interest. if the first payment

  Capm and venture capital

CAPM and Venture Capital

  Prepare the required journal entries

Prepare the required journal entries that MMM Store must make to record these transactions.

  Purchase price in the consolidated financial statements

How should you account for the difference between the carrying value and the purchase price in the consolidated financial statements for 2003?

  A june sales forecast projects that 7200 units are going to

a june sales forecast projects that 7200 units are going to be sold at a price of 11.7 per unit. the desired ending

  What impact might this have on gross margins

What is the difference between the auditor's approach in verifying sales returns and allowances and sales? Why is there a difference?

  Abc corporation has three service departments with the

abc corporation has three service departments with the following costs and activity base service department cost

  A local retail store hires sales associates to sell laptop

a local retail store hires sales associates to sell laptop computers. create two specific outcomes and behaviors that

  Last year flynn company reported a profit of 58000 when

last year flynn company reported a profit of 58000 when sales totaled 508000 and the contribution margin ratio was 50.

  Aping health club has the following cost equation total

apping health club has the following cost equation total costs4000080n where n-number of memberships required a.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd