Acme, Inc., produces widgets. To manufacture a new type of widget, it took 64 hours for the first widget. Acme estimates it has an 87% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 62th widget.
a. 19.35 hours
b. 27.90 hours
c. 22.55 hours
d. 18.94 hours
b. 27.90 hours
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During November, ABC, Inc purchased office supplies for cash. The supplies will be used in November. What effect does this purchase transaction have on the accounting equation?
a. Assets increase and stockholders' equity decreases. b. Assets increase and liabilities increase. c. Assets decrease and liabilities decrease. d. There is no effect on the accounting equation as one asset account increases while another asset account decreases.
Consumers are likely to unknowingly follow processes when making purchase decisions
Indicate whether the statement is true or false
One strength of the team leadership model is ______.
A. its complexity B. changes in leaders disrupt the team process C. it provides specific answers to specific problems D. its application to real-life organizations
Louise, Inc has a cash balance of $20,000 on April 1
The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: Apr May Jun Cash collections $22,000 $22,000 $24,000 Cash payments: Purchases of direct materials 4,600 5,000 6,800 Operating expenses 6,000 4,600 6,000 There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May. A) $22,000 B) $53,400 C) $48,400 D) $43,800