Weston, Inc., produces widgets. To manufacture a new type of widget, it took 13 iterations before the process reached a steady state of 39 hours. If Weston has a 99% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 41.72 hours
b. 40.48 hours
c. 40.10 hours
d. 38.65 hours
b. 40.48 hours
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?According to the text, a market is defined as
A. ?a place to buy products. B. ?the buyers of the products that a company develops, promotes, prices, and distributes. C. ?the specific group of customers on whom an organization focuses its marketing efforts. D. ?a group of individuals and/or organizations that have needs for products in a product class and have the ability, willingness, and authority to purchase those products. E. ?the percentage of a group of customers that actually buys a specific product from a specific company.
If ending inventory in Period 1 is understated, Cost of Goods Sold in Period 2 is:
A) overstated. B) understated. C) not affected. D) the same as in Period 1.
Match the acronym with the description that best reflects it. (There are more descriptions than acronyms.)
A. FASB B. IASB C. SEC D. GAAP E. SOX F. G. H. PCAOB I. AICPA J.
Wister Corporation had sales of $462,000 for the just completed year. Shown below are the beginning and ending balances of various Wister accounts: EndingBeginningCash and cash equivalents$105,000 $132,000 Accounts receivable$168,000 $142,000 Inventory$472,000 $536,000 Accounts payable$74,000 $91,000 Retained earnings$364,000 $292,000 Wister prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Wister show for its sales adjusted to a cash basis (i.e., cash received from sales)?
A. $488,000 B. $462,000 C. $436,000 D. $445,000