An apparent way of generating value through unique, novel, or desirable products or services that have not been previously exploited” is the definition of what term?
a. an opportunity
b. an idea
c. an innovation
d. an invention
a. an opportunity
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A T-account is a device or convention for organizing and accumulating the accounting entries of transactions that affect an individual account. Which of the following is/are true?
a. Increases in assets appear on the left side, and decreases in assets appear on the right side of T-accounts. b. Increases in liabilities appear on the right side, and decreases in liabilities appear on the left side of T-accounts. c. Increases in shareholders' equity appear on the right side, and decreases in shareholders' equity appear on the left side of T-accounts. d. All of the above are true. e. None of the above are true.
Which of the following statements is true?
A) Accessibility means being able to get at the goods with a minimum amount of work. B) A pallet position refers to which side of the pallet is loaded. C) Increasing cube utilization will increase accessibility. D) Inventory is typically stored only on the floor. E) None of the above statements is true.
Thus, Geronimo rejects the project since it has a negative NPV. Lennon, Inc. is considering a five-year project that has an initial after-tax outlay or after-tax cost of $80,000. The respective future cash inflows from its project for years 1, 2, 3, 4 and 5 are: $15,000, $25,000, $35,000, $45,000 and $55,000. Lennon uses the net present value method and has a discount rate of 9%. Will Lennon accept the project?
A) Lennon accepts the project because the NPV is $129,455.25. B) Lennon accepts the project because the NPV is 79,455.25. C) Lennon accepts the project because the NPV is $49,455.25. D) Lennon accepts the project because the NPV is less than zero.
Which of the following is not a step toward purchasing an automobile?
A. Analyze needs versus wants B. Determine affordability C. Make a preliminary offer D. Shop for financing