Which of the following strategies allows the manufacturing or the distribution of the final product to be delayed until the customer order is received?
A. demand planning
B. postponement
C. order production
D. order fulfillment
B. postponement
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A subsidiary ledger is ________.
A) an accounting journal designed to record a specific type of transaction B) a created list of accounts used by a business entity to define each class of items for which cash is spent or received C) a complete record of business transactions recorded in a ledger over the life of a company D) a record of accounts that provide supporting details on individual balances, the total of which appears in a general ledger account
As units are completed, their costs are transferred from the Materials Inventory account to the Finished Goods Inventory account
Indicate whether the statement is true or false
ABC Manufacturing has a project that requires an initial investment of $100,000 and has the following expected stream of cash flows: Year Annual cash flow 1 $80,000 2 60,000 3 20,000 Assuming the company's cost of capital is 12 percent, what is the profitability index for the project?
A) 0.749 B) 1.335 C) 1.600 D) 2.985
Jack initiates a sequence of events that results in an injury to Kay. According to the New York Court of Appeals in Palsgraf v. Long Island Railroad Co, the question of whether Jack was negligent with respect to Kay depends on whether Kay's injury was reasonably foreseeable to
a. a bystander. b. an insurance company. c. Jack. d. Kay.