IE 343 Midterm 1 Spr 100

# IE 343 Midterm 1 Spr 100 - IE 343 Spring 2010 Midterm 1...

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IE 343 Spring 2010 Name: Midterm 1 (last) (first) Section: IE 343 Midterm 1 Feb 23 rd , 2010 Closed book, closed notes. Write your name and section number in the spaces provided above. Write your name on each page as well, so that in the event the pages are separated, we can still your grade your exam. Show all of your work in the spaces provided. Interest rate tables are provided for you to use in questions that require numerical answers. For problems requiring expressions as answers, carry your solution to the point where the equation for each problem is specified. For example 2,000 (P/A, 4%, 5) + 3,500 (P/F, 4%, 5) – 4,000 Hint: Even if a problem doesn’t require you to draw a cash-flow diagram, it’s always a good idea to draw one.

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IE 343 Spring 2010 Name: Midterm 1 (last) (first) 2 1. Define the following terms and provide a short example for each of them: a. Direct cost ( 4 points) b. Sunk cost ( 4 points)
IE 343 Spring 2010 Name: Midterm 1 (last) (first) 3 2. Black & Decker manufacture and sell toasters as part of their product line. The variable

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## This note was uploaded on 02/07/2012 for the course IE 343 taught by Professor Vincent,g during the Spring '08 term at Purdue.

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IE 343 Midterm 1 Spr 100 - IE 343 Spring 2010 Midterm 1...

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