In 2006, Microsoft released the Xbox 360, which was capable of playing older Xbox games. They recently announced that the Xbox One will also be updated to play some of the original Xbox games. This is an example of ______.
a. technology cycle
b. next generation
c. failing to take risk
d. technology adoption curve
b. next generation
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Dividing quick assets by current liabilities is the calculation for the
a. current ratio. b. return on investment. c. acid-test ratio. d. ratio of liabilities to stockholders' equity.
Which of the following accounts would not be reported in the Property, Plant, and Equipment section of a balance sheet?
a. Accumulated Depreciation—Buildings b. Buildings c. Depreciation Expense—Buildings d. Land
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.The cost per equivalent unit for conversion costs for the first
department for the month is closest to: A. $48.47 B. $40.03 C. $44.58 D. $46.16
How does the text define ethics?
a. a moral code adopted by each person--and the actions taken under that code--with respect to those it will affect b. the quality of intention a person takes into each decision with respect to those whom the decision will affect c. the actions a person takes to determine if they improve or lessen the quality of life for the community d. the set of principles a person uses to determine whether an action is good or bad