Steve wanted to open a day care service facility for dogs. He estimated the costs involved in providing the services desired by dog owners
After extensive deliberation, Steve decided not to proceed with the plan as the cost of providing the services was too high compared to the rates dog owners would be willing to pay. Which of the following stages of the new-product development process has Steve used to arrive at this decision?
a. Idea screening
b. Business analysis
c. Idea generation
d. Test marketing
ANSWER: b
Steve has used the business analysis stage of the new-product development process to decide if he should open a day care service facility for dogs. In the business analysis stage, preliminary figures for demand, cost, sales, and profitability are calculated. For the first time, costs and revenues are estimated and compared.
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Which set of multiplicities correctly shows the relationship between the Cash Receipts table and the Sale table for an organization that allows customers to buy on credit and pay in multiple installments?
A. Cash Receipts (0..N) - Sale (1..1). B. Cash Receipts (1..1) - Sale (N..M). C. Cash Receipts (1..1) - Sale (1..1). D. Cash Receipts (1..N) - Sale (0..N).
Use this information pertaining to Tucson Company to answer the following question. 1. The corporation's Supplies account showed a beginning debit balance of $400 and supplies purchased of $1,600. There were $600 of supplies on hand at year end. 2.Depreciation on a building is estimated to be $10,000. 3.A one-year insurance policy was purchased for $4,800. Five months have passed since the
purchase. 4.Accrued interest on a note receivable amounted to $200. 5.The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-third of the services had been performed. The adjusting entry to record the accrued interest on the note is A) Interest Expense 200Interest Receivable 200 B) Interest Payable 200Interest Expense 200 C) Interest Receivable 200Interest Income 200 D) Interest Income 200Interest Receivable 200
A ratio comparing the present value of a project's net cash inflows to the project's net investment is referred to as the ____________________________________
Fill in the blank(s) with correct word
Which of the following is/are not true regarding the fair value of long-lived assets?
a. U.S. GAAP does not permit firms to increase the balance sheet carrying values of tangible and intangible long-lived assets when the fair values of their assets increase. b. IFRS permits upward asset revaluations, the recognition of unrealized increases in the fair value of tangible and intangible long-lived assets under certain conditions. c. IFRS requires that firms credit the increase in the tangible and intangible revalued asset's balance sheet carrying value to net income. d. U.S. GAAP firms recognize the increase in the fair value of the tangible and intangible asset only as the firm realizes the value increase through either sale or continuing use. e. all of the above