The financial statement that summarizes the operating, investing, and financing activities of a business over a period of time is the ____________________
Fill in the blank(s) with correct word
statement of cash flows
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Which of the following statements about employee performance appraisals is accurate?
a. Appraisals should be conducted solely for the sake of employee development. b. The specifics of the appraisal should change to fit employees with different tasks. c. Gather information about the employee’s strengths and weaknesses after the appraisal to judge honesty. d. Goal or goal-achievement should generally not be a part of an appraisal process/evaluation.
When LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the point of each sale, rather than from the most recent purchases for the period.
Answer the following statement true (T) or false (F)
Which of the following is not part of an appeal?
a. Live testimony by witnesses before the appellate court b. Transcripts of the trial court proceedings c. Appellate briefs d. All of the above
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Determine sewing time constraint for the LP formulation. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced.
A. 3X1 + 2X2 ? 240 B. X1 + 1.5X2 ? 150 C. 3X1 + 2X2 ? 150 D. X1 + 1.5X2 ? 240