In the __________ approach of structural design, departments are independent, contracting services to the central hub for a profit.
Fill in the blank(s) with the appropriate word(s).
virtual network
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A business that purchases a product from another business to sell to customers is called a service business
Indicate whether the statement is true or false
Beridze Manufacturing expects to produce 2900 units in January and 3600 units in February. Beridze budgets $20 per unit for direct materials. The amount of indirect materials needed for production has been determined to be insignificant and will therefore not be considered in the calculation. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $38,650. Beridze desires the ending balance in Raw Materials Inventory to be 10% of the next month's direct materials needed for production. Desired ending balance for February is $51,100. What is the cost of budgeted purchases of direct materials needed for January?
A) $58,000 B) $65,200 C) $26,550 D) $25,150
On October 1, 2013, Taurus Corporation lent $50,000 to Tia Ltd. and received a 5%, 6–month note. What is the maturity date of the note?
a. October 31, 2014 b. October 31, 2013 c. March 1, 2013 d. March 31, 2014
Solar Confectionary develops a new candy bar and plans to sell each bar for $1
Solar predicts that 1 million candy bars will be sold in the first year if the new candy bar is produced and sold, and includes $1 million of incremental revenues in its capital budgeting analysis. A senior executive in the company believes that 1 million candy bars will be sold, but lowers the estimate of incremental revenue to $700,000. What would explain this change? A) a higher selling price for the new candy bars B) cannibalization of 300,000 of Solar Confectionary's other candy bars C) a lower discount rate D) excessive marketing costs to sell the 1 million candy bars