The development of specifications for the manufacturing equipment needed to make the product is the responsibility of:
A) engineering.
B) marketing.
C) accounting.
D) purchasing.
Answer: A
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If the Allowance for Doubtful Accounts has a $1,000 debit balance prior to making the end-of-period adjusting entry for bad debts using the aging of accounts receivable method, then it must mean that the:
A. debit to Bad Debt Expense will be $1,000 less than if the Allowance balance had been $0. B. direct write-off method was used. C. percentage of sales method was used. D. debit to Bad Debt Expense will be $1,000 more than the desired ending balance in the Allowance for Doubtful Accounts.
Despite the expense, many organizations still use ______ heavily because it works very well.
A. simulations B. on-the-job training C. job instructional training D. e-learning
A company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $150,000. The present value of the future cash flows is $145,000. Should they invest in this project?
A) yes, because net present value is +$5,000 B) yes, because net present value is -$5,000 C) no, because net present value is +$5,000 D) no, because net present value is -$5,000
Many financial managers believe the payback period is of limited usefulness because it ignores the
time value of money; hence, it is referred to as the discounted payback period. Indicate whether the statement is true or false