Just-in-time manufacturing (JIT) is a system that acquires inventory and produces only when needed.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Westmoreland Company Following are selected data from Westmoreland Company's financial statements. 2017 2016 Current liabilities $230,000 $160,000 Long-term debt 120,000 320,000 Stockholders' equity 420,000 540,000 Cash payments for additions to plant and equipment 45,000 32,000 Net cash flow from operating activities 80,000 51,000 Interest and principal payments 12,000 8,000 Net operating cash
flows before interest and taxes 68,000 43,000 Net income 90,000 72,000 Interest expense 8,500 11,500 Income taxes 16,000 14,500 Dividends paid 15,000 30,000 Refer to the Westmoreland Company data. The cash flow from operations to capital expenditures ratio for 2017 is an indicator that Westmoreland Company a. has been effectively able to use operations to finance its acquisitions of productive assets. b. has increased profits by $13,000. c. has decreased cash, but is offset by the increase in net income. d. has net income that is more than it would have been had dividends of $30,000 been paid.
According to the text, a single question that attempts to cover two issues is called a ________
A) filtered question B) double-barreled question C) random question D) coefficient question E) two-issue query
Ricardo borrowed $5,000 from his friend, Lorenzo. Ricardo signed a handwritten note stating, "I promise to pay $5,000 to Lorenzo on or before August 1, 2001, in return for the same amount borrowed from him on May 1, 2001." Under these circumstances, the note is ________.
A. not negotiable because the note states the reason for the debt B. negotiable because it was handwritten C. not negotiable because the note is not payable to bearer or to order D. negotiable because it is a simple contract
Which of the following gives the correct sequence of accounting procedures?
a. Financial statements, trial balance, ledger, journal b. Financial statements, journal, ledger, trial balance c. Journal, ledger, trial balance, financial statements d. Ledger, trial balance, journal, financial statements