Structured, in-house operational databases are not included in the Big Data domain
a. True
b. False
B
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The entry to record a return of merchandise purchased on credit includes a debit to the ________ account in the general ledger.
Fill in the blank(s) with the appropriate word(s).
Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 5,900 units, but its actual level of activity was 5,940 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:Data used in budgeting: Fixed element per monthVariable element per unitRevenue - $32.60 Direct labor$0 $3.90Direct materials 0 12.10Manufacturing overhead 33,400 1.80Selling and administrative expenses 28,300 0.40Total expenses$61,700 $18.20?Actual results for May: Revenue$200,564Direct labor$22,786Direct materials$73,824Manufacturing overhead$43,922Selling and administrative
expenses$31,896?The direct labor in the planning budget for May would be closest to: A. $22,633 B. $23,166 C. $23,010 D. $22,786
Which one of the following is not a category that Burke includes in his organizational structure list of what we need to know more about as organization change agents?
A. self-directed groups B. action learning C. centralization/decentralization D. cells
Answer the following statements true (T) or false (F)
1. An amount of money to be received in the future is worth less today than the stated present value amount. 2. Discounting refers to devaluing the item from the higher future value amount to the present value amount through the consideration of interest. 3. The process of earning more interest on a previous period's interest is called future value. 4. Compounding refers to the growth process that turns $1 today into a greater value several periods in the future. 5. The interest factor for the future value of a single sum is equal to (1 + n)i.