________ is the degree to which an innovation may be tried on a limited basis
A) Divisibility
B) Compatibility
C) Communicability
D) Relative advantage
E) Complexity
A
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If goods are shipped FOB destination, the buyer should include these items in inventory while they are in transit
Indicate whether the statement is true or false
An account is said to have a debit balance if:
A) the amount of the debits exceeds the amount of the credits. B) there are more entries on the debit side than on the credit side. C) its normal balance is debit without regard to the amounts or number of entries on the debit side. D) the first entry of the accounting period was posted on the debit side.
Charles Inc has the following information available regarding one of the projects it is considering: Initial investment $50,000 PV of cash inflows 55,000 The profitability index of this project is:
A) 5,000. B) 0.9090. C) 1.10. D) 105,000.
St. Vincent's, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow.ProductPool No.1 (Driver: DLH) Pool No. 2 (Driver: SU) Pool No. 3 (Driver: PC)Beta 1,200 45 2,250 Zeta 2,800 55 750 Pool Cost$160,000 $280,000 $360,000 The overhead cost allocated to Zeta by using traditional costing procedures would be:
A. $444,000. B. $560,000. C. $240,000. D. $356,000. E. None of the answers is correct.