True or False When events A and B are independent, then P(A and B) = P(A) + P(B)
Indicate whether the statement is true or false
F
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Holman Company pays each of its three salespeople a base salary of $1,000 per month plus a commission of 10 percent of their sales. The base salary is paid each month as incurred; the 10 percent commission is paid the month following the month of sale. The total sales for the past four months are as follows: June $15,000 July 22,000 August 39,000 September 40,000 Total salary and commission cash
payments for September total a. $3,900. b. $6,400. c. $6,900. d. $5,400.
How does the perpetual inventory system differ from the periodic inventory system in the determination of cost of goods sold?
Which of the following statements about ERP systems is BEST?
A) Recent studies have shown that the most successful ERP implementations use standardized systems. B) ERP systems written in XML require complete replacements of a company's legacy systems. C) A company must adapt their ERP system to their existing processes in order for all employees to gain a benefit from the new system. D) An ERP system requires a regular synchronization of all of the module databases, which is usually accomplished automatically when the business is not conducting business.
The capacity requirements planning (CRP) process uses information from the master production schedule and the time-phased order requirements schedule to develop detailed machine- and labor-use schedules based on available capacity.
Answer the following statement true (T) or false (F)