During the developer-as-artist systems development era, principles from engineering were frequently applied to the systems development process
Indicate whether the statement is true or false
FALSE
Explanation: This phase was marked by a lack of documentation and development tools and by a high degree of dependence on the developer for the continued ongoing operation of the system he or she had created.
CL
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The normal operating cycle helps define which of the following balance sheet sections?
a. Intangible assets b. Current assets c. Property, plant, and equipment d. Stockholders' equity
Suppose Tapley Inc. uses a WACC of 8% for below-average risk projects, 10% for average-risk projects, and 12% for above-average risk projects. Which of the following independent projects should Tapley accept, assuming that the company uses the NPV method when choosing projects?
A. Project A, which has average risk and an IRR = 9%. B. Project B, which has below-average risk and an IRR = 8.5%. C. Project C, which has above-average risk and an IRR = 11%. D. Without information about the projects' NPVs we cannot determine which one or ones should be accepted. E. All of these projects should be accepted as they will produce a positive NPV.
Avril Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $4.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $54,080 per month, which includes depreciation of $3,840. All other fixed manufacturing overhead costs represent current cash flows. The direct labor budget indicates that 3,200 direct labor-hours will be required in October.The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for October should be:
A. $21.50 per direct labor-hour B. $4.60 per direct labor-hour C. $20.30 per direct labor-hour D. $16.90 per direct labor-hour
Specially trained individuals in advanced quality tools who perform Six Sigma projects are known as
A) black belts. B) green belts. C) blue belts. D) yellow belts.