A system using an automated work cell controlled by electronic signals from a common centralized computer facility is called:
A) an adaptive control system.
B) robotics.
C) a flexible manufacturing system.
D) an automatic guided vehicle (AGV) system.
E) a manufacturing cell.
C
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Lawrence, an employee of Triple Time, Inc., has gross salary for March of $4,000. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. He is also subject to federal income tax at a rate of 18%. Provide the journal entry to record salaries expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Salaries will be paid at a later date. Omit explanation.
What will be an ideal response?
Which of the following budgets must managers prepare before they can prepare a direct materials purchases budget?
A) Labor budget B) Overhead budget C) Production budget D) Cost of goods manufactured budget
Which of the following would not be classified as an operating activity?
a. Interest income b. Income tax expense c. Dividend income d. Payment of dividends
The Incoterm for the situation where the product is delivered at a specified terminal, the seller pays for transport and insurance to that terminal and retains the risk until the goods are loaded at that terminal, is
A. DAT. B. CPT. C. FAS. D. CIP. E. CIF.