The fact that technology acts as a catalyst to spur even faster development is referred to as
A. self-sustaining.
B. reach.
C. dynamics.
D. impact.
E. technology assessment.
Answer: A
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C-Swiss, a Swedish firm specializing in communication networks, reported a balance in Inventories of SEK21,500 million at the beginning of 2013 and SEK22,500 million at the end of 2013 . During 2013, C-Swiss reported SEK114,100 million in Cost of Sales. How much was C-Swisss' inventory purchases during 2013? [Assume that all of C-Swisss' inventory purchases are made on account and C-Swiss applies
IFRS, as well as reports its results in millions of Swedish kronor (SEK).] a. SEK115,300 million b. SEK115,200 million c. SEK115,100 million d. SEK113,100 million e. none of the above
Everyone in our department except ____ is excited about the new mission statement
A) himself B) him C) he
Seattle Company issued a $45,000 face value discount note payable to First Federal Bank on September 1, Year 1. The note had a 8% discount rate and a one-year term.What is the effect of the accrual of interest expense on the elements of the financial statements?
A. Liabilities will increase and retained earnings will decrease. B. Assets and liabilities will decrease. C. Liabilities will increase and assets will decrease. D. Assets will increase and retained earnings will increase.
Vinall Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:?Budgeted selling price per unit$85?Budgeted unit sales (all on credit):?? July9,400? August11,700? September10,300? October11,200?Raw materials requirement per unit of output2 pounds?Raw materials cost$2.00 per pound?Direct labor requirement per unit of output2.1 direct labor-hours?Direct labor wage rate$25.00 per direct labor-hourCredit sales are collected: 30% in the month of the sale 70% in the following monthRaw materials purchases are paid: 20% in the month of purchase 80% in the following monthThe ending finished goods inventory should equal 20% of the following month's sales. The ending raw
materials inventory should equal 20% of the following month's raw materials production needs.Required: a. What are the budgeted sales for August?b. What are the expected cash collections for August?c. According to the production budget, how many units should be produced in August?d. If 20,960 pounds of raw materials are needed for production in September, how many pounds of raw materials should be purchased in August?e. What is the estimated cost of raw materials purchases for August?f. If the cost of raw material purchases in July is $40,688, then in August what are the total estimated cash disbursements for raw materials purchases?g. What is the total estimated direct labor cost for August assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? What will be an ideal response?