Intel corporation reported the following in its 2016 financial statements (in millions): december 31, 2016 2015 total assets $113,327 $101,459 revenues 59,387 55,355 research and development expenses 12,740 12,128 net income 10,316 11,420 what is the common-size amount for intel corporation’s research and development expense for 2016? a. 17.4% b. 21.5% c. 11.2% d. 78.5% e. none of the above

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.

Arecession is defined as a period in which