Describe the differences between one-time and recurring benefits and costs
What will be an ideal response?
One-time costs are costs associated with project start-up and development or system start-up. This type of cost includes hardware and software purchases, user training, and site preparation. Recurring costs are costs resulting from the ongoing evolution and use of a system. New software and hardware leases, incremental communications, and incremental data storage expense are recurring costs.
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The production report for Phillips Industries, which had no beginning inventory at the beginning of the month, included the following information for September: Number of Units Completion Units started in production 81,000 . Units transferred to finished goods 72,000 . If the equivalent units for September's production were 77,400 . how many units were in process at the end of the month, and how
complete were they? a. 9,000 . 30% b. 9,000 . 60% c. 3,000 . 90% d. 6,000 . 90%
Ratio analysis is useful only if the ratio states a meaningful relationship between two numbers
Indicate whether the statement is true or false
Joanne Pearlman, CEO of Franklin Enterprises, told her vice presidents, "We're a huge company, and we are talking about a massive change in the way we do business. A lot of long-time employees will resist these changes, so we must help them recognize that their old ways are obsolete." How would you advise them to accomplish this?
A. Induce fear among employees by bombarding them with facts related to the organization's performance. B. Show the employees the new way to perform their job without consulting them. C. Tell the employees that they will be punished severely if they do not switch to the new ways from the obsolete old ways. D. Discuss the negative consequences of the old ways by comparing the organization's performance to that of its competitors. E. Pin the blame for the organization's poor performance directly and entirely on the workers.
Designating a third party as a beneficiary in a contract does not indicate whether the beneficiary is intended or incidental.
Answer the following statement true (T) or false (F)