Innovation<span> can be defined simply as a "new idea, device, or method".</span><span> However, innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.</span><span> This is accomplished through more-effective </span>products<span>, </span>processes<span>, </span>services<span>, </span>technologies<span>, or business models that are readily available to </span>markets<span>, </span>governments<span> and </span>society. The term "innovation" can be defined as something original and more effective and, as a consequence, new, that "breaks into" the market or society.<span> It is related to, but not the same as, </span>invention.<span> Innovation is often manifested via the </span>engineering<span> process. The </span>exnovation<span> is the opposite of innovation.</span>
Answer:
11,600 units
Explanation:
Equivalent units for conversion costs :
Equivalent units = 10,000 x 100 % + 4,000 x 40 % = 11,600
The equivalent units for February for conversion costs were: 11,600 units
The SATA/600 standard is also know as SATAIII or <span>SATA 6Gb/s</span><span>.
SATA (Serial Advanced Technological Attachment) is a standard that is developed to connect any optical drivers or storage devices to the computer.
SATAIII is the third generation of SATA and can run at 6GB/s.</span>
Answer:
The correct answer is option (A).
Explanation:
According to the scenario, the given data are as follows:
Salaries payable at the end of year 1 = $60,000
Salaries payable at the end of year 2 = $90,000
Salary expense in year 2 = $620,000
So, we can calculate the cash outflows for salaries in year 2 by using following formula:
Cash outflow = Salary recorded in year 2 + Salaries payable at the beginning of the year - Salaries payable at the end of year
= $620,000 + $60,000 - $90,000
= $590,000
Hence, the cash outflow for salaries in year 2 is $590,000.
Answer:
C) used to record an adjustment to Bad Debt Expense for the year ending December 31, 2021.
Explanation:
Retained earnings account cannot be adjusted after December 31 (or whenever the balance must be done), but bad debt expense can be adjusted, specially if it increases.
Generally a company estimates it bad debt expense, the different methods used to estimate bad debts (allowance, percentage or aging methods) are used more commonly than the direct write-off method. But as every estimate, they can be close to reality or not.
E.g. some companies might have a very important client that represents a large portion of their credit sales, and if suddenly that large client that had always paid on time defaults, that event must be included in the balance sheet since the bad debts expense will increase significantly.
