In Boje and Dennehey’s (1999) SERVANT model of leadership, the letter ‘R’ refers to _______.
a. Representational
b. Resourceful
c. Responsive
d. Recounter of stories
d. Recounter of stories
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It is possible for an asset to be a current asset even though the expected conversion of that asset into cash is to be longer than one year
Indicate whether the statement is true or false
Money orders, cashier's checks, and certified checks are all examples of cash.
Answer the following statement true (T) or false (F)
A(n) ______ is an enlarged view of a product that shows all of its parts and subassemblies, providing complete information for the manufacture or assembly of a product or structure.
A. assembly chart B. assembly drawing C. route sheet D. process map
A company is trying to decide which of two new product lines to introduce in the coming year. The company requires a 12% return on investment. The predicted revenue and cost data for each product line follows: ? Product A Product BUnit sales25,00020,000Unit sales price$ 30$ 30Direct materials$15,000$8,000Direct labor$120,000$80,000Other cash operating expenses$30,000$25,000New equipment costs$2,500,000$1,500,000Estimated useful life (no salvage)5 years5 yearsThe company has a 30% tax rate and it uses the straight-line depreciation method. The present value of an annuity of 1 for 5 years at 12% is 3.6048. Compute the net present value for each piece of equipment under each of the two product lines. Which, if either of these two investments is acceptable?
What will be an ideal response?