Which of the following is NOT one of the steps taken by Pratt & Whitney to address concerns about on-time delivery?
a. Pratt offered various financial incentives for completing on time, as well as financial and legal penalties for not completing on time.
b. Pratt took a long-term view to ensure that capacity and suppliers were coordinated for future deliveries.
c. Pratt started monitoring suppliers 100 weeks ahead of when parts were due to arrive at the manufacturing centers.
d. If a supplier was not meeting its quality or production goals, Pratt sent engineers to help fix the problem at the source.
a. Pratt offered various financial incentives for completing on time, as well as financial and legal penalties for not completing on time.
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The qualities that are associated with jobs requiring high social contact and service to others are most likely found in people high in ________.
A. openness to experience B. agreeableness C. conscientiousness D. extroversion
Forman Corporation extends credit to its customers to purchase appliances, furniture, and other goods. Forman Corporation could borrow from a bank using its accounts receivable as collateral, thereby placing debt on the balance sheet. Forman Corporation would then use the cash collections from the receivables to repay the bank loan with interest. Instead, Forman Corporation sells the accounts
receivable to the bank for an amount that is less than the cash the bank expects to collect from receivables purchased. The amount takes account of expected defaults, which would reduce the cash generated by the receivables. This difference between the amount paid to Forman Corporation by the bank for the receivables and the amount that the bank expects to collect from the receivables provides the bank with its expected return. Which of the following is/are true? a. Forman Corporation has no further obligation and will treat this transaction as a sale, with no incremental debt on the balance sheet and recognizing bad debt expense on the income statement. b. Forman Corporation has further obligations and will treat this transaction as a financing arrangement, recognizing bad debt expense on the income statement. c. Forman Corporation has further obligations and will treat this transaction as a financing arrangement, recognizing incremental debt on the balance sheet. d. Forman Corporation has no further obligation and will treat this transaction as a sale, with no incremental debt on the balance sheet. e. Forman Corporation has further obligations and will treat this transaction as a financing arrangement, recognizing incremental debt on the balance sheet and recognizing bad debt expense on the income statement.
Apply the various schools of social responsibility to product dumping
Tomey Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingFinishingMachine-hours 18,000 14,000Direct labor-hours 2,000 8,000Total fixed manufacturing overhead cost$99,000$70,400Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.70During the current month the company started and finished Job T617. The following data were recorded for
this job:Job T617:FormingFinishingMachine-hours 90 20Direct labor-hours 30 60Direct materials$940$350Direct labor cost$960$1,920The total job cost for Job T617 is closest to: (Round your intermediate calculations to 2 decimal places.) A. $3,020 B. $5,604 C. $684 D. $2,584