According to the EPQ model, if the production run size is Q and the production rate is p, then the number of days of production run is given by ______.
A. Q x p
B. Q/p
C. p/Q
D. p x Q
B. Q/p
You might also like to view...
A major function of management is to provide the accountant with relevant and useful information
Indicate whether the statement is true or false
Landmark Corp. buys $420,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:
A. Debit Cash $420,000; credit Interest Receivable $420,000. B. Debit Cash $420,000; credit Interest Revenue $420,000. C. Debit Debt Investments-HTM $420,000; credit Cash $420,000. D. Debit Cash $420,000; credit Bonds Payable $420,000. E. Debit Cash $420,000; credit Debt Investments-HTM $420,000.
Every morning, Sycamore Dairy picks up milk that farmers have "milked" that morning. The dairy processes the milk and separates the cream from the milk. Some of the cream is then made into butter and packaged in various sizes of containers. The milk and remaining cream are blended into various products; sealed in pint, quart, and half-gallon containers; and then delivered to supermarkets in the quantities and assortments ordered. Sycamore Dairy is engaged in which regrouping activity?
A. accumulating B. bulk-breaking C. assorting D. sorting E. All these answers are correct.
In the context of evaluating an organization's competitive position, SWOT analysis (strengths, weaknesses, opportunities, and threats) is a strategic planning tool that helps companies:
A. articulate their essential reason for being. B. define their purpose and values, which provide the framework for all their plans. C. assess where they stand relative to the competition. D. evaluate the results of their plans and incorporate all the lessons learned.