The first step in new-product development is evaluating ideas.
Answer the following statement true (T) or false (F)
False
The first step in a new-product development is idea generation.
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Differences in foreign markets such as culture, language, and customs can represent significant management risks when firms enter foreign markets.
Answer the following statement true (T) or false (F)
On a statement of cash flows prepared using the direct method, cash received from selling merchandise is considered a ________.
A) cash inflow from investing activities B) cash inflow from operating activities C) cash outflow from financing activities D) cash outflow from investing activities
Which of the following is a true statement?
a. Disclosure is concerned with information in the financial statements as well as information in the footnotes, management’s discussion and analysis, financial and operating forecasts, and other supplementary communications. b. Disclosure is concerned with information in the financial statements only. c. Disclosure is concerned with information in the footnotes only. d. Disclosure is concerned with information in the financial statements and all supplementary communications except financial and operating forecasts.
Poe Company is considering the purchase of new equipment costing $80,000. The projected net cash flows are $35,000 for the first two years and $30,000 for years three and four. The revenue is to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of $1 and present value of an annuity of $1 for different periods is presented below. Compute the net present value of the machine.PeriodsPresent Valueof $1 at 10%Present Value of anAnnuity of $1 at 10%1 0.9091 0.9091 2 0.8264 1.7355 3 0.7514 2.4869 4 0.6830 3.1699
A. $4,896. B. $23,775. C. $(15,731). D. $(4,896). E. $15,731.