A product consists of six parts. The reliability of these parts are 0.94, 0.9, 0.56, 0.99, 0.77, and 0.96. Calculate and indicate product reliability.
a. 34.7%
b. 23.2%
c. 14.1%
d. 90.3%
a. 34.7%
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On a statement of cash flows prepared using the direct method, if accounts payable have decreased, cash payments for purchases will be greater than net purchases
Indicate whether the statement is true or false
Planning is a part of each business activity (operating, investing, and financing), and gives each activity meaning and focus.
Answer the following statement true (T) or false (F)
Which four elements are included in systems thinking?
A. Input, process, output, and feedback. B. Output, process, feedback, and accounting. C. Input, output, sales, and feedback. D. Process, output, operations, and accounting.
The Dayton Corporation began the current year with a retained earnings balance of $25,000. During the year, the company corrected an error made in the prior year, which was a failure to record depreciation expense of $3,000 on equipment. Also, during the current year, the company earned net income of $12,000 and declared cash dividends of $5,000. Compute the year end retained earnings balance
A) $29,000 B) $35,000 C) $39,000 D) $45,000