In lean, waste reduction should lead to?
a. Cost reduction
b. Value reduction
c. Value enhancement
d. Cost increases
c. Value enhancement
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When inventory is sold by a wholesaler or retailer, it is recorded in a different account on the income statement than a manufacturer would use
a. True b. False Indicate whether the statement is true or false
Kramer's, Inc estimates its uncollectible accounts at 2% of its credit sales of $800,000 . The debit to Bad Debt Expense is
a. $160,000; b. $16,000; c. $1,600; d. $160; e. can't be determined
The Resource Conservation and Recovery Act addresses:
A) Energy efficiency standards for specified products. B) The cleanup of hazardous waste sites. C) The transportation, storage, and disposal of hazardous wastes. D) Mandatory recycling programs for certain specified substances. E) Export limitations on products that cause significant pollution in their manufacture.
City Bank mistakenly transfers $1,000 from the account of Donna, its customer, to the account of Earl in First Federal Bank. The transfer is done electronically. When City Bank learns of the mistake, it credits Donna's account and asks First Federal to "return" $1,000. First Federal refuses. City Bank files a suit against First Federal, claiming that it is in violation of the Electronic Fund Transfer Act. How might the court rule?
What will be an ideal response?