A business philosophy that focuses on eliminating time, cost, and poor quality within manufacturing processes is called ________ manufacturing
a. push
b. just-in-time
c. activity-based
d. pull
b
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On December 31, 20X8, Pancake Company acquired controlling ownership of Syrup Company. A consolidated balance sheet was prepared immediately. Partial balance sheet data for the two companies and the consolidated entity at that date follow: PancakeSyrupConsolidated CompanyCompanyEntityCash $80,000 $30,000 $110,000 Accounts Receivable 50,000 ? 78,000 Inventory 60,000 50,000 115,000 Buildings and Equipment 200,000 140,000 365,000 Less: Accumulated Depreciation (50,000) (28,000) (78,000) Investment in Syrup Stock ? Goodwill 15,000 Total Assets $464,000 $230,000 $605,000 Accounts
Payable $60,000 $32,000 $82,000 Wages Payable ? ? 78,000 Notes Payable 100,000 60,000 160,000 Common Stock 100,000 50,000 ? Retained Earnings 154,000 60,000 ? Noncontrolling Interest 31,000 Total Liabilities and Equities ? $230,000 $605,000 During 20X8, Pancake Company provided consulting services to Syrup Company and has not yet paid for them. There were no other receivables or payables between the companies at December 31, 20X8.Based on the information given, what is the amount of unpaid consulting services at December 31, 20X8, on work done by Pancake Company for Syrup Company? A. $15,000 B. $5,000 C. $0 D. $10,000
Which benefit of resistance is described as prompting leaders to more clearly articulate the rationale for the change?
a. Resistance can clarify purpose. b. Resistance can keep the change active in the organization’s conversations. c. Resistance can enhance the quality of the change and its implementation. d. Resistance can reflect, and potentially build, involvement in and commitment to the organization.
If a supervisor notices signs that an employee has been using alcohol or drugs, then that employee should immediately be dismissed.
Answer the following statement true (T) or false (F)
The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the year is presented below:University Store, Inc.Income StatementFor the Quarter Ended March 31Sales $800,000Cost of goods sold 560,000Gross margin 240,000Selling and administrative expenses Selling$100,000 Administrative 110,000 210,000Net operating income $30,000On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed.The contribution margin for the University Store for the first quarter is:
A. $660,000. B. $140,000. C. $700,000. D. $180,000.