Acme, Inc., produces widgets. To manufacture a new type of widget, it took 100 hours for the first widget. Acme estimates it has a 95% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 75th widget.
a. 62.89 hours
b. 72.70 hours
c. 56.55 hours
d. 76.42 hours
b. 72.70 hours
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When conducting business in English in Asia, if the answer to a question is "yes," one should assume that means
A. with certainty. B. no. C. the question is understood. D. I can be persuaded. E. this is fair.
Which of the following statements about employment interviews is FALSE?
a. Preparation for the interview includes researching the organization. b. A self-analysis of your own strengths, weaknesses, accomplishments, and challenges should be undertaken prior to interviewing. c. You should go to the interview prepared to both ask and answer questions. d. Most questions asked in interviews can be answered from the résumé.
If 34,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________
A) 34,000 units B) 27,200 units C) 6,800 units D) 40,800 units
Kirk Development buys on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after the invoice date. Net purchases amount to $650,000 per year. On average, what is the dollar amount of total trade credit (costly + free) the firm receives during the year, i.e., what are its average accounts payable? (Assume a 365-day year, and note that purchases are net of discounts.)
A. $106,849 B. $125,014 C. $117,534 D. $123,945 E. $107,918