The number of equivalent units of production will always be lesser than the number of completed units during the period
Indicate whether the statement is true or false
False
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In 2016, Baloga Heating Company sold 400 water heaters for $350 each. The water heaters carry a 2-year warranty for repairs. Baloga estimates that repair costs will average 2% of the total selling price. How much is recorded in the warranty liability account as a result of selling the water heaters during 2016?
a. $4,200 b. $2,800 c. $1,400 d. No liability should be recorded until the water heaters are brought back for repairs.
Answer the following statements true (T) or false (F)
1. Communication is the transfer of information and understanding from one person to another. 2. You are an efficient communicator when your intended message is accurately understood by the other person. 3. Encoding is defined as an attempt to disguise a message so that only the desired recipient can interpret it. 4. Bret had many spelling and grammar mistakes in his report, some of which made the content difficult to understand. This is an example of poor decoding.
To create constancy of purpose for improvement of product and service, and to break down barriers between staff areas are two of W. Edwards Demming’s fourteen points of quality that comprise his approach, the quality-based management known as:
a. TQC b. ISM c. ISO d. TQM
The main reason behind Alphabet's decision to acquire the Israeli start-up company Waze for $1 billion was probably to
A. support start-up companies with venture capital. B. share its capabilities with Waze. C. preempt its competitors from buying Waze. D. gain access to technology that is alien to it.