Escalating worldwide demand for corn is expected to cause the market price of corn to rise sharply and remain high. although corn is extensively used as feed for livestock, livestock feed accounts for only a small fraction of the retail price of meat. therefore, the increase in corn prices is very unlikely to produce any comparable long-term increase in the retail price of meat.
which of the following, if true, most seriously weakens the argument?
(a) the cost of shipping and handling meat has also risen sharply.
(b) livestock producers who currently use corn to feed their livestock have the option of switching to other kinds of feed.
(c) the rising cost of feed is leading some livestock producers to leave the business, thereby reducing the future supply of meat.
(d) worldwide demand for grains other than corn has also increased.
(e) the price of corn affects the retail price of a variety of other food products more than it affects the price of meat.

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.

Aplant manager is considering buying additional stamping machines to accommodate increasing demand. the alternatives are to buy 1 machine, 2 machines, or 3 machines. the profits realized under each alternative are a function of whether their bid for a recent defense contract is accepted or not. the payoff table below illustrates the profits realized (in $000's) based on the different scenarios faced by the manager. alternative bid accepted bid rejected buy 1 machine $10 $5 buy 2 machines $30 $4 buy 3 machines $40 $2 refer to the information above. assume that based on historical bids with the defense contractor, the plant manager believes that there is a 65% chance that the bid will be accepted and a 35% chance that the bid will be rejected. what is the expected value under perfect information (evpi)?