The most effective innovative firms
a. have a product focus.
b. make extensive use of formal procedures to insure conformity.
c. utilize centralized decision making to generate more product concepts.
d. are led by Transactional Leaders
e. organize around customer groups.
E
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Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450
and factory overhead was $18,710. The number of equivalent units of production for the period for materials if the average cost method is used to cost inventories was: A) 15,650 B) 18,000 C) 17,250 D) 17,700
Which of the following answers presents the steps in the correct order used to seize electronic evidence? I. Clone the device. II. Secure the device. III. Search the device using automated searches. IV. Search the device manually
a. I, II, III, IV b. II, I, IV, III c. IV, III, I, II d. III, IV, II, I
On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $312,177. The journal entry to record the first interest payment using the effective interest method of amortization is:
A. Debit Bond Interest Expense $14,717.70; credit Premium on Bonds Payable $1,217.70; credit Cash $13,500.00. B. Debit Bond Interest Expense $12,487.08; debit Discount on Bonds Payable $1,012.92; credit Cash $13,500.00. C. Debit Bond Interest Expense $12,487.08; debit Premium on Bonds Payable $1,012.92; credit Cash $13,500.00. D. Debit Interest Payable $13,500; credit Cash $13,500.00. E. Debit Bond Interest Expense $12,282.30; debit Premium on Bonds Payable $1,217.70; credit Cash $13,500.00.
Two big benefits of ABC costing are a) more accurate product cost information and b) more detailed information on costs and the drivers of those costs.
Answer the following statement true (T) or false (F)