The first unit produced in a process takes 600 hours. As the number of units produced doubles, production time decreases by 32%. Using the arithmetic approach, calculate the production time for the 16th unit.
a. 132 hours
b. 148 hours
c. 128 hours
d. 156 hours
c. 128 hours
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A ________ is a salesforce promotion tool that aims at inducing the sales force or dealers to increase their sales results over a stated period, with prizes (money, trips, gifts, or points) going to those who succeed
A) trade show B) frequency program C) sales contest D) sweepstake E) patronage award
When a change in method is inseparable from a change in estimate, the change is accounted for
A) prospectively. B) by the retrospective adjustment or restatement. C) by a retrospective application of a new accounting principle. D) by constructive application of a new accounting principle.
Consolidated financial statements are useful because
a. investors of the parent company want a clear financial picture of the total economic entity. b. minority shareholders need the consolidated information to make good investment decisions. c. they are much more detailed than the statements for the individual companies. d. the parent and subsidiaries constitute a single legal entity, and the financial statements should reflect that fact.
Which document contains the specifications for the product being purchased, quality and service requirements, payment terms, and so on?
A. request for information (RFI) B. request for invoice (RFI) C. request for purchase (RFP) D. request for proposal (RFP)