Answer: c. decreases by $60 million
Explanation:
The formula for Gross Domestic Product (GDP) in a closed economy using the Expenditure method is;
GDP = Consumption + Government Spending + Investment
Therefore;
Investment = GDP - Consumption - Government Spending
GDP remained the same = $0
Consumption fell by $10 million = -$10 million
Investment = 0 - (-10) - 70
Investment = - $60 million
Charles wants to survey recent customers about the quality of service they received. He has customers' mailing and e-mail addresses. Charles will likely use an online survey primarily because it offers: Group of answer choices more lying by respondents. a chance to exclusively ask unstructured questions. a more inexpensive and quick way to receive and process results. relatively low response rates. improved question design.
Answer:
a more inexpensive and quick way to receive and process results
Explanation:
Online surveys are cheap because in most cases they can be freely sent and distributed on the internet, for example, to the e-mails of the customers.
And they are also easy to process. Finally, they are likely to be responded by many customers as long as they are not too complicated or bothersome. For this reason, they should be short, have very concise and clear questions, and offer privacy to customers if necessary.
The results can be easily analyzed manually or with specialized software.
Large-cap funds invest in...
a. Companies with large market value.
b. In at least 200 companies.
c. Stocks only.
d. All of the above.
I WILL MARK AS BRAINLIEST WHEN I CAN.
Answer:
Large-cap funds invest in
a. Companies with large market value.
Explanation:
Let Company A be a mutual fund that invests in the securities of companies that have large market capitalization. Company A is, therefore, regarded as a large-cap fund. Company A will use the size of the market capitalization to determine the companies to invest in. For example, the market capitalization of Company B is the value of the shares of the company, which is derived as the product of the number of Company B's outstanding shares and the current market price (1,000,000 x $50, market cap = $50 million). For Company A, the decision to invest in Company B is factorized based on the size of the market value, $50 million, which must be above the average market capitalization of similar companies.
_________ involves system developers writing a business case to justify funding one or more specific applications or projects._________ involves system developers writing a business case to justify funding one or more specific applications or projects.
Answer:
The question is incomplete, the options are missing. The options are the following:
a) Breakeven analysis
b) The business case approach
c) NPV
d) ROI
And the correct answer is the option B: The business case approach.
Explanation:
To begin with, the concept known as "Business case approach" is a type of approach that mainly focuses in the supporting of certain topics for the company in order improve the processes of the organization and its work. Moreover, it gives support to the planning and investing process against outcomes that could harm the company. This type of concept is used mainly by the organizations in the transport sector so that they could use it as a guidance in order to seek for investment.
Dogstuff adjusts salaries based on changes in its stock price, which has increased consistently at one fifth its value per year. Yearly raises are the same fraction of the current salary as the yearly fractional change in stock prices. Hector currently earns $31 comma 500 per year at Dogstuff. Find last year's salary, the salary in 2 years, and the salary 2 years ago.
Answer:
Last year: $26,250
Two years later = $45,360
Two years before = $21,875
Explanation:
Given that:
Constant fractional changes in salary = 1/5 (same as fractional changes in yearly price of stock).
Hector's current salary = $31,500
Therefore, total salary including the fractional increase with respect to the current salary will be in the form:
Current salary * (1 + 1/5)
1 + 1/5 = 6/5
Salary for previous year:
Current salary / (6/5)
If period to calculate is more than a year; then the fraction is raised to the root of the given year.
That is (6/5)^number of years
Previous year salary:
$31500 / (6/5)
= $31500 / 1.2
= $26,250
Salary 2 years from now:
$31500 * (6/5)^2
= $31500 * 1.2^2
= $31500 * 1.44
= $45,360
Two years before:
$31500 / (6/5)^2
= $31500 / 1.44
= $21,875
Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $992,000 and sales for the year total $11,240,000. The allowance account before adjustment has a credit balance of $13,400. Bad debt expense is estimated at 1/4 of 1% of sales. The allowance account before adjustment has a credit balance of $13,400. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $42,900. The allowance account before adjustment has a debit balance of $5,300. Bad debt expense is estimated at 1/2 of 1% of sales. The allowance account before adjustment has a debit balance of $5,300. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $44,000. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. $ b. $ c. $ d. $
Answer:
a) Bad debt expense is estimated at 1/4 of 1% of sales. The allowance account before adjustment has a credit balance of $13,400.
Dr Bad debt expense ($28,100 - $13,400) 14,700
Cr Allowance for doubtful accounts 14,700
b) The allowance account before adjustment has a debit balance of $5,300.
Dr Bad debt expense ($28,100 - $5,300) 22,800
Cr Allowance for doubtful accounts 22,800
c) Bad debt expense is estimated at 1/2 of 1% of sales.
Dr Bad debt expense ($56,200 - $13,400) 42,800
Cr Allowance for doubtful accounts 42,800
d) An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $44,000.
Dr Bad debt expense ($44,000 - $13,400) 30,600
Cr Allowance for doubtful accounts 30,600
Explanation:
accounts receivable $992,000
total sales for the year $11,240,000
allowance for doubtful accounts $13,400
total estimated bad debt = 0.25% x $11,240,000 = $28,100
total estimated bad debt = 0.5% x $11,240,000 = $56,200
Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. He calculates that the extra money he pays in additional interest each year, if invested at the rate of 2.5% for one year, could earn him simple interest totaling $300. How much does Tyrell pay in additional interest each month?
Answer: $1000
Explanation:
From Tyrell's calculation, if he invests his additional credit card payment at the rate 2.5% per annum for one year could earn him simple interest totaling $300
Recall:
Simple interest = principal × rate × time
Principal = additional credit card payment
$300 = principal(P) × (2.5/100) × 1
$300 = P × 0.025 × 1
$300 / 0.025 = P
P = $12,000
Therefore, additional payment per year = $12,000
Monthly payment thus equals :
$12,000 / 12 = $1000
Answer:
c. $1,000
Explanation:
edge 2020
ullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bearing note with a face amount of $629,406 (imputed rate of 12%). The goods have an inventory cost on Fullbright’s books of $240,000. What amount of Sales Revenue should Fullbright recognize in 2017?
Answer:
The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000
Explanation:
The total value of $629,406 of the note includes the amount of interest revenue which would be $229,406 which is gotten from (629,406-400,000). The value of sales revenue will be $400,000
The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000
Which situation best illustrates the concept of scarcity?
a class designing and selling calendars
a cook learning to be an executive chef
a friend buying a copy of a popular DVD
a person buying a used car due to limited income
Answer:
answer is D
Explanation:
Situation best illustrates the concept of scarcity is a person buying a used car due to limited income
What is Scarcity?Scarcity can be regarded as an economic situation whereby the demand for a resource is more compare to the supply .
Therefore, scarcity is as a result of the resource, been limited.
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You bought one of Bergen Manufacturing Co.’s 7.8 percent coupon bonds one year ago for $1,061. These bonds make annual payments and mature twelve years from now. Suppose you decide to sell your bonds today when the required return on the bonds is 4.5 percent. If the inflation rate was 4.4 percent over the past year, what would be your total real return on the investment?
Answer:
The answer is "24.48%"
Explanation:
Given:
current Bond Value is PV(0.045,12,78,1000) = 1300.91
rate = 0.045
time = [tex]\frac{n}{12}[/tex]
coupon number = pmt = 78
price = fv=1000
Total profit = 1300.91 -1061
= 239.91.
Throughout,
The year a bondholder got we should include a coupon rate =78.
So, profit:
[tex]= 239.91 + 78 \\\\ = 317.91[/tex]
return:
[tex]=\frac{317.91}{1061}\\\\ = 29.96 %[/tex]
The actual return on investment accrued to both the formula of brandt is
[tex]=\frac{(nr-ir)}{(1+ir)}* 100 _{where}\\\\ nr = \texttt{nominal rate}\\\\ ir = \texttt{inflation rate} \\\\ nr = 29.96\% \\\\ ir = 4.4\%\\[/tex]
by replacing the formula would result in a real return rate of 24.48 %
Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution margin ratio, and net operating income are $480,000, 36%, and $9,600, respectively. The North Division’s contribution margin and contribution margin ratio are $92,000 and 40%, respectively. The South Division’s segment margin is $32,500. The company has $62,400 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3
Answer:
Shannon Company
Segmented Income Statement
Total Company North South
Division Division
Total sales 480,000 100% 230,000 47.9% 250,000 52.1%
Variable costs 307,200 100% 138,000 44.9% 169,200 55.1%
Contribution margin 172,800 100% 92,000 53.2% 80,800 46.8%
Traceable fixed 100,800 100% 52,500 52.1% 48,300 47.9%
Segment income 72,000 100% 39,500 54.9% 32,500 45.1%
Common fixed 62,400 100%
Net income 9,600 100%
North's total sales = $92,000 / 40% = $230,000
South's total sales = $480,000 - $230,000 = $250,000
South's contribution margin = $172,800 - $92,000 = $80,800
Total segment income = common fixed + net income = $62,400 + $9,600 = $72,000
Albinson Company paid $96,000 for a two-year insurance policy on October 1 and recorded the $96,000 as a debit to Prepaid Insurance and a credit to Cash. What adjusting entry should Albinson make on December 31, the end of the accounting period (no previous adjustment has been made)
Answer:
Debit Insurance expense $12,000
Credit Prepaid Insurance $12,000
Explanation:
When insurance is paid in advance, the entries required are
Debit Prepaid Insurance
Credit Cash account
As time elapses and the insurance expires,
Debit Insurance expense
Credit Prepaid Insurance
Monthly insurance expense
= 1/24 * $96,000
= $4,000
Between October 1 and December 31 is 3 months
Total insurance expense = 3 * $4,000
= $12,000
For a depository institution, reserves are: liabilities it owes to customers. assets on the balance sheet. borrowings from the central bank. checkable deposits. loans to individuals and businesses
Answer:
assets on the balance sheet.
Explanation:
Reserves are percentages of deposits that are required for depository institutions to keep to meet unforeseen contingency. they are usually kept in bank vaults
they are assets and they cannot be lent out
Company X, a company in Illinois, contracted via the internet with Windows Bright, a small window washing business in Missouri to purchase 4 cases of Shiny Lite window cleaning solution at $200 per case. Company X paid via the internet with a company credit card. The contract stated that the 4 cases of Shiny Lite would be shipped to Company X’s place of business in Illinois via UPS. Explain why the contract between X and Windows Bright is subject to the Statute of Frauds. Will the internet electronic contract between X and Windows Bright satisfy the "writing" requirements for the Statute of Frauds? If so, how and why? Support your conclusion by referring to the specific UCC rule that applies.
Answer:
The X and Windows Light say depends on the fraud status of the UCC.
Explanation:
For principal inquiry:-
Any document required for purchasing of goods must be registered as a hard copy to be enforceable under the Fraud Law of UCC. Take that as it may, this provision has a special case in cases where a retail deal reaches $500, at that stage, these deals are similarly enforceable under the fraud law of the UCC. For that kind of case, however, there is still no written traditional understanding between X and Openings Light, the price of included material is $800, so the deal among them depends on the fraudulent status of the UCC.
To the subsequent investigation:-
As mentioned in the paragraph above, the deal between X and Windows Bright depends on the fraud status of the UCC. Under Ucc Fraud Law, the contact between X and Window Bright in the electronic structure should get the job done for this case. The conditions are unquestionably met in both interactions and X completed the iteration for the move. Window Bright has given consent to the forwarding of the delivery to the place of employment of the X. This common understanding will accomplish the mission and satisfy the writing criteria of fraud status.
Maverick Stars Inc., a U.S.-based multinational company, applies its home-country standards of employment and production in its manufacturing facilities located in some less-developed host nations. In this context, the company is most likely to be criticized for
Answer:
nullifying the reasons for investing in those countries.
Explanation:
In this context, the company is most likely to be criticized for nullifying the reasons for investing in those countries. That is because many US-based companies decide to open manufacturing facilities in less developed countries in order to bypass US regulations and restrictions, as well as cheaper labor, and to follow those countries' cultures which in term leads to fewer costs and more profits for the US-based company.
A customer has an existing portfolio that is mainly invested in high quality corporate bonds for stable income. As market interest rates have dropped, the customer's income has declined and she would like to allocate part of the portfolio to corporate bonds that offer potential growth. The BEST recommendation is to buy:
Complete question:
A customer has an existing portfolio that is mainly invested in high quality corporate bonds for stable income. As market interest rates have dropped, the customer's income has declined and she would like to allocate part of the portfolio to corporate bonds that offer potential growth. The BEST recommendation is to buy:
a). convertible debentures
b). equipment trust certificates
c) long term zero coupon bonds
d). commercial paper
Answer:
a). convertible debentures
Explanation:
Convertible debentures also known as convertible bonds, are a form of long term bonds, they are the type of bonds that can be converted into common stock or cash of equivalent value by the issuing company.
In this case, the customer has an existing portfolio that is mainly invested in high quality corporate bonds. The customer's income declined as a result of drops in market interest rates. The best recommendation to buy would be convertible bonds, because, when markets interest rate rises, value of the cutomer's convertible bond also rises. Here there is always a potential for growth. But this cannot be said for the other three options (equipment trust certificates, long term zero coupon bonds and commercial paper).
Thus the best recommendation would be to buy convertible debentures.
Option A is correct
Which of the following does not appear on the asset side of a bank's balance sheet? Question 19 options: a) required reserves b) checkable deposits c) loans d) excess reserves
Answer: b) checkable deposits
Explanation:
Checkable Deposits are the deposits by customers into the bank. The bank uses these funds to make loans that it issues out to others. It is recorded as a liability on a Banks Balance sheet because it represents that the bank owes its customers.
A house is being appraised using the sales comparison approach. The house has three bedrooms, two bathrooms, and a patio. The appraiser selects a comparable house that has three bedrooms, 3 bathrooms, and no patio. The comparable house just sold for $200,000. A bath is valued at $7,000, and a patio at $2,000. Assuming all else is equal, what is the adjusted value of the comparable
Answer:
$195,000
Explanation:
Calculation for the adjusted value of the comparable
Using this formula
Adjusted value=( Sales of comparable house-Bath value +Patio cost)
Let plug in the formula
Adjusted value=$200,000-$7,000+$2,000
Adjusted value =$195,000
Therefore the adjusted value of the comparable assuming all else is equal would be $195,000
If a company is considering the purchase of a parcel of land that was acquired by the seller for $87,000 is offered for sale at $154,000, is assessed for tax purposes at $97,000, is considered by the purchaser as easily being worth $144,000, and is purchased for $141,000, the land should be recorded in the purchaser's books at:
Answer:
$141,000
Explanation:
The company must record the land at the price at which it purchases it. In this case, the company purchased the land at $141,000, so following the historical cost principle (accounting principle), that is the value.
The historical cost principal (under US GAAP) states that any asset must be recorded at the price at which is was acquired even if their market value might be different.
A women's clothing company based in Singapore had to modify its clothes before introducing them in Iran, as it needed to meet the needs of the women who are generally expected to cover themselves completely as per societal norms. To adapt its clothes to Iranian markets, the company used opaque material and provided accessories like scarves. Which requirement has dictated the product adaptation?
She Tales' product is modified in the situation indicated above involves tailoring the product to the local demands and conditions in order to enhance product sales in the local market and, consequently, increase profits associated with sales.
What is local market?Local marketing, often referred to as "neighborhood marketing" or "local store marketing," is a marketing tactic that focuses on consumers and customers within a certain distance of a physical place with messages that are specially suited to the community there.
Although there are many diverse tactics, the localization of the marketing message sets them apart. Independent and local retailers, however, employ the same strategy and techniques in their marketing campaigns.
In order to supplement mass-market advertising campaigns, local shop marketing is frequently used by specific divisions of a larger corporate organization, such as a franchise store rather than the franchisor. A wide range of marketing strategies are used by companies all over the world in local shop marketing.
Some of these include advertising in a nearby chamber of commerce, sending out direct mail, publishing local news releases, producing events, obtaining sponsorships, and investing in advertising space in print, outdoor, local television, among other things.
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Economist Jones favors a constant-money-growth-rate rule. She says that if the annual money supply growth rate each year is equal to the average annual growth rate in Real GDP, price stability will exist over time. What would economist Smith, who favors activist monetary policy, say to economist Jones?
Answer: d. b and c
Your analysis assumes that velocity is constant, and it is not.
Your analysis assumes that you can correctly define the money supply
Explanation:
Here are the options for the question:
a. Your analysis assumes that Real GDP is constant over time, and it is not.
b. Your analysis assumes that velocity is constant, and it is not.
c. Your analysis assumes that you can correctly define the money supply.
d. b and c
e. a, b and c
According to the constant-money-growth-rate rule, the government should target money growth rate in a way that it will be equal to growth rate of the real GDP.
The likely thing that economist Smith, who favors activist monetary policy would say to economist Jones is that Jones is assuming velocity will be constant, and is also correctly defining the money supply which should not.be the case as velocity isn't always constant.
Shrives Publishing recently reported $13,000 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. During the year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow?
Answer: $3762.50
Explanation:
Given the following :
Sales = $13,000
Operating Cost other than Depreciation = $5,500
Depreciation = $1250
Bond value = $3,500
Interest rate = 6.25%
Tax rate = 35%) = 0.35
Expenditure on fixed assets and net operating working capital = $1,550
What was its free cash flow?
Free cash FLOW (FCF) = EBIT(1 - tax rate) + depreciation - ( Expenditure on fixed assets and net operating working capital)
EBIT = Earning before income tax;
EBIT = SALES - Operating Cost other than DEPRECIATION - DEPRECIATION
EBIT = $13000 - $5500 - $1250 = $6250
FCF = $6250(1 - 0.35) + $1250 - $1550
FCF = $6250(0.65) + $1250 - $1550
FCF = $4062.50 + $1250 - $1550
FCF = $3762.50
You are a consultant specializing in estimating the costs after the employees learn how to do a job more efficiently by repetition. Your client can produce a product the first time at a cost of $2,500. If their 65 percent learning curve allows them to reduce their costs on each product, what is the total cost of producing 400 units of the new product?
Answer:
$58,600
Explanation:
The computation of the total cost for producing the 400 units for the new product is shown below:
= Learning curve at 65% for producing 400 units × cost for produced first time
= 23.44 × $2,500
= $58,600
By multiplying the Learning curve at 65% for producing 400 units with the cost i.e produced first time so that the total cost could come and the same is to be considered
A production possibilities frontier can shift outward if… Group of answer choices The economy abandons inefficient production methods in favor of efficient production methods. Economy experiences economic downturn. There is a technological improvement. Resources are shifted from the production of one good to the production of the other good.
Answer:
There is a technological improvement
Explanation:
A production possibilities frontier shows the two combinations of good an economy can produce when all its resources are fully employed.
points on the production possibilities frontier show efficient production
Points inside the production possibilities frontier show inefficient production
Points outside the production possibilities frontier show unattainable production given current resources.
Technological progress leads to a outward movement of the production possibilities frontier
If Resources are shifted from the production of one good to the production of the other good, there would be a movement along the production possibilities frontier from one point to another
" Brad always buys and uses Nike brand golf balls. If he finds a Titlelist or Callaway ball in the rough, he gives it away. Brand loyal golfers like Brad allow Nike to charge a higher price and not lose many sales. Nike has effectively: "
Answer:
b. reduced the price elasticity of demand for its products.
Explanation:
The price elasticity of demand refers to the relationship between the percentage change in the price of a good and the percentage change in the quantity demanded
Like it in the question, it is mentioned that Nike charged a higher price and does not want to lose many sales which results that it declines the price elasticity of product demands
The________includes a message source that encodes an idea into a message and transmits the message through some medium. Marketing messages exploit a variety of appeals and message structures. The message is transmitted using one of several different communications media and is finally delivered to a receiver, who decodes the message and may provide feedback to the source. Anything that interferes with the communication is called noise.
Answer: Traditional communication model
Explanation:
The Traditional Communication Model was mostly a one-way street where advertisers spoke to customers and may or may not have received feedback.
It worked like this;
A advertising agency (source) made up a message ⇒ message is then transmitted through a medium such as a newspaper or television ⇒ message is then seen/ delivered to consumer (receiver).
The consumer may then choose to reply or rather provide feedback through indirect means such as buying the good or service that was advertised.
f foreign investmentforeign investment fell by 100%, it would be cut in half. Thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. B. The actual amount of the decrease in foreign investmentforeign investment is less than 100%. C. The statement does not mention the initial amount of foreign investmentforeign investment.
Answer:
if foreign investment fell by 100% it would be totally eliminated, so it not possible for it to fall by more than 100%
Explanation:
Since in the question it is given that reduction of the western investment for the third world countries consist that foreign investment falls by 350% for the year 1990s
So if we go through the options, the wrong statement is the last one as it shows that the foreign investment fall by 100% i.e to be fully eliminated
Hence the other options are wrong
Suppose that Barack and Michelle are duopolists. Barack is producing 300 units of output, and Michelle is producing 400 units of output. When Michelle produces 400 units, Barack maximizes profit by producing 300 units. When Barack produces 300 units of output, Michelle maximizes profit by producing 400 units. Barack and Michelle are
Answer:
Barack and Michelle are at a Nash equilibrium
Explanation:
They are at a Nash equilibrium i.e. they are producing at a point were they will be making a profit of irrespective of the strategy choose by the other firm in the market.
In a Nash equilibrium, every person in a group makes the best decision for herself, based on what she thinks the others will do
Halverstein Company's outstanding stock consists of 7,000 shares of cumulative 5% preferred stock with a $10 par value and 3,000 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.Dividends Declared & PaidYear 1 $ 0Year 2 $ 6,000Year 3 $ 32,000The amount of dividends paid to preferred and common shareholders in Year 2 is:
Answer:
Preferred shareholders $6,000
Common shareholders = $0
Explanation:
Preference Stock holders have preference over Common stock holders when it comes to payment of dividends.
Also if the preference stocks are cumulative, previous dividends in arrears have to be settled before any distributions are made to common stockholders.
Preference Stock dividend per year is constant and is calculated as follows.
Preference Stock dividend = 7,000 × $10 × 5%
= $3,500
Year 1
No dividend was declared and paid.
Preference Stock dividend in arrears is $3,500.
No dividend is available for Common stockholders
Year 2
Dividend declared and paid amount to $6,000
Preference Stock dividend in arrears from first year to be paid is $3,500.
Preference Stock dividend in current year to be paid is $3,500.
This leaves an arrear of $1,000 to be paid to Preference Stock holders after the payments.
Calculation = $6,000 - $3,500 (Year 1) - $3,500 (Year 2) = $1,000 (Arrears)
No distributions are available for Common stockholders.
Conclusion :
The amount of dividends paid to preferred and common shareholders in Year 2 is:
Preferred shareholders $6,000
Common shareholders = $0
The following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 40% completed 4,000 units Transferred to finished goods during July 37,500 units Ending work in process during July, 20% completed 3,500 units Determine the total equivalent units for direct materials, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in the process at the beginning of production.
Answer:
37,000 units
Explanation:
The computation of the total equivalent units for direct material is shown below:
= Transferred to finished goods during the month of July + Ending work in process during the month of July - Inventory in process as on July 1
= 37,500 units + 3,500 units - 4,000 units
= 41,000 units - 4,000 units
= 37,000 units
We simply used the above formula so that the total equivalent units for direct materials using the FIFO method could come
Drs. James and Janet Baker saw that many people experienced difficulty and frustration when typing, some because of physical disabilities. So they invented a voice recognition software to allow users to talk to the computer. Their ideas have become Dragon Naturally Speaking, a popular talk-to-type software application. Which of these statements describes their startup?
A) Borrow heavility from existing products or services.
B) Combine two businesses to create a market opening.
C) Begin with a problem in mind or a pain you can relieve.
D) Recognize a hot trend and ride the wave.