How many days is a typical sprint in the scrum methodology?
A. 90 days
B. 10 days
C. 2 days
D. 30 days
Answer: D
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Answer the following statements true (T) or false (F)
1. The traditional income statement format is prepared under absorption costing. 2. Under absorption costing, all product costs are first recorded as assets in inventory accounts, and later transferred to the Cost of Goods Sold account when sold. 3. Variable costing is used for external reporting purposes, and absorption costing is used for internal decision-making purposes. 4. Contribution margin is calculated by deducting the total cost of goods sold from sales revenue. 5. The traditional income statement format calculates operating income as gross profit minus selling and administrative expenses.
Aggie, Inc Aggie, Inc purchased a truck at a cost of $12,000. The truck has an estimated salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2011, and was used 27,000 hours in 2011 and 26,000 hours in 2012. Refer to Aggie, Inc's information presented above, if Aggie uses the double-declining-balance depreciation method,
what amount is the depreciation expense for 2012? A) $4,800 B) $2,880 C) $1,728 D) $2,000
Burrows Inc had an outstanding loan at the beginning of 2011 totaling $50,000. During 2011, $16,800 was paid out related to this loan broken down as follows: $15,000 towards principal and $1,800 in interest. Which of the following statements is correct regarding how the $16,800 payment should be depicted on the statement of cash flows?
A) The entire $16,800 should be shown as a cash outflow for financing activities. B) The entire $16,800 should be shown as a cash outflow for investing activities. C) The $15,000 principal portion should be shown as a cash outflow for financing activities, and the $1,800 in interest should be shown as a cash outflow for operating activities. D) The $15,000 principal portion should be shown as a cash outflow for investing activities, and the $1,800 in interest should be shown as a cash outflow for operating activities.
To terminate a periodic tenancy. a landlord must give at least one period's notice to the tenant
Indicate whether the statement is true or false