. Why do Bette Nesmith Graham’s experiences inventing Liquid Paper correction fluid adhere to the concept of alertness?
a. She was able to identify an opportunity by conducting a systematic search.
b. She was able to recognize an opportunity while not actively searching for one.
c. She was able to use prior knowledge in order to identify a need for a product.
d. She was able to employ a rational process to narrow down what was needed in the market.
b. She was able to recognize an opportunity while not actively searching for one.
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In order to be classified as a cash equivalent, an investment must have a maturity date of
A) twelve months or less, B) nine months or less, C) six months or less, D) three months or less,
Which of the following events would make it more likely that a company would choose to call its outstanding callable bonds?
A. Market interest rates rise sharply. B. Market interest rates decline sharply. C. The company's financial situation deteriorates significantly. D. Inflation increases significantly. E. The company's bonds are downgraded.
Use the direct method to compute the cash paid to suppliers. (Accrued Liabilities relate to operating expenses.)
Jump Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for 2019: Cost of Goods Sold, $150,000 Merchandise Inventory, beginning balance, $26,000 Merchandise Inventory, ending balance, $64,000 Accounts Payable, beginning balance, $8100 Accounts Payable, ending balance, $5000 Operating expenses, $31,000 Accrued Liabilities, beginning balance, $2500 Accrued Liabilities, ending balance, $6400 A) $162,800 B) $164,000 C) $191,100 D) $218,200
?Modiste, Inc. manufactures two kinds of bagslong dash—totes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $ 24 comma 500$24,500. Additional estimated information is given below.
Totes Satchels Direct materials cost per unit $ 34$34 $ 43$43 Direct labor cost per unit $ 52$52 $ 63$63 Number of units 510510 390390 Calculate the predetermined overhead allocation rate. A.92.38?% B.47.95?% C.100.29?% D.1.40?%