Weston, Inc., produces widgets. To manufacture a new type of widget, it took nine iterations before the process reached a steady state of 32 hours. If Weston has a 78% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 71.79 hours
b. 70.34 hours
c. 68.30 hours
d. 68.50 hours
b. 70.34 hours
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Delux Technology has a reputation of reliability and a winning customer service, qualities that helped to build this highly respected name brand over the last 15 years. Speaking at a recent business conference, Steve, the CEO of Delux, told his audience, "We have built our reputation by changing little over the last several years, but consistently helping customers with great, caring service and a reliable product." Which type of strategy does Delux Technology use?
A. defensive strategy B. merger approach C. retrenchment strategy D. growth strategy E. stability strategy
Retained Earnings represents past net income less past dividends, therefore any balance in this account would be listed on the income statement
a. True b. False Indicate whether the statement is true or false
Pickard Company pays its sales staff a base salary of $4,500 a month plus a $3.00 commission for each product sold. If a salesperson sells 800 units of product in January, the employee would be paid:
A. $2,700 B. $6,900 C. $2,300 D. $4,500
The change in net working capital associated with new projects is always positive, because new projects mean that more working capital will be required. This situation is especially true for replacement projects.
Answer the following statement true (T) or false (F)