Assume that widgeon co. produced enough product with the highest contribution margin per unit to use 1,000 hours of machine time. product demand does not warrant any more production of that product. the maximum additional contribution margin that can be realized by utilizing the remaining 1,000 hours on the product with the second highest contribution margin per hour is

a. $35,000
b. $7,000
c. $4,000
d. $28,000

If a bond is issued at a premium the effective interest rate is most likely

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)