The purpose of safety stock is to:
A) replace failed units with good ones.
B) eliminate the possibility of a stockout.
C) eliminate the likelihood of a stockout due to erroneous inventory tally.
D) control the likelihood of a stockout due to variable demand and/or lead time.
E) protect the firm from a sudden decrease in demand.
D
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According to the text, the income statement is in fact a subset of the balance sheet, because information from the income statement columns flows into the balance sheet columns
a. True b. False Indicate whether the statement is true or false
Dr. James isolated Staphylococcus aureus, a type of bacteria, from the leg wound of a ten-year-old boy. He suspected these bacteria would grow better at body temperature than room temperature (72°F), but thought that he should collect data to support his thinking. Dr. James introduced the same number of Staphylococcus bacteria into each of six test tubes containing the same type and amount of nutrient broth. Three test tubes were incubated at 98.6°F (Group 1), while three test tubes (Group 2) sat at 72°F. After 24 hours, Dr. James compared the turbidity (indicative of growth) of all six tubes and rated each on a scale of 0 - 4. 0 indicates no turbidity (no growth), while 4 indicates high turbidity (high growth). The following data were collected: src="https://sciemce.com/media/4/ppg__tttt0823190712__f1q553g1.jpg" alt="" style="vertical-align: 0.0px;" height="274" width="486" />Choose which of the the following statements is a hypothesis for an experiment.
A. Based on the data collected during the experiment, it is confirmed that S. aureus grew better at room temperature.
B. S. aureus grew equally well at room temperature and at body temperature.
C. Based on observation, it is predicted that S. aureus will grow better at body temperature than at room temperature.
D. Based on the data collected during an experiment, S. aureus grows better at body temperature than room temperature.
Juarez Builders incurred $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 was direct and $73,000 was indirect supervisory costs. The correct journal entry to record the $73,000 indirect labor for the month is:
A. Debit Supervisor Wage Expense; credit Factory Overhead. B. Debit Factory Overhead; credit Factory Wages Payable. C. Debit Supervisor Wage Expense; credit Factory Wages Payable. D. Debit Factory Wages Payable; credit Factory Overhead. E. Debit Factory Wage Expense; credit Cash.
Which statement about production reports is LEAST accurate?
a. The time covered must be identified clearly. b. They are a form of employee-to-manager feedback. c. The reports flow only from subordinate to superior. d. In some situations, they involve no more than completion of a form.