The city of Grand Rapids Michigan outsourced its computing center in order to better manage its employees
Indicate whether the statement is true or false
TRUE
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Days' sales in inventory is calculated as:
A. Ending inventory divided by cost of goods sold times 365. B. Ending inventory times cost of goods sold. C. Cost of goods sold divided by ending inventory times 365. D. Ending inventory divided by cost of goods sold. E. Cost of goods sold divided by ending inventory.
Abbott Company uses the estimate of sales method of accounting for uncollectible accounts. Abbott estimates that 3% of all credit sales will be uncollectible. On January 1, 2009, the Allowance for Doubtful Accounts had a credit balance of $2,400. During 2009, Abbott wrote-off accounts receivable totaling $1,800 and made credit sales of $100,000. After the adjusting entry, the December 31, 2009,
balance in the Uncollectible Accounts Expense would be A) $1,200 B) $3,000 C) $3,600 D) $7,200
As recent studies have shown, projects with spelling mistakes are how much less likely to be successful than projects without
a. 13% b. 27% c. 50% d. 75%
Which of the following statements is true about open loop MRP systems?
a. There are provisions for feedback. b. Plans and schedules are developed assuming finite capacity. c. Plans and schedules are developed assuming on-time, correct delivery of materials ordered by suppliers. d. Schedules are maintained by adjusting production plans when changes in demand occurred.