The sum of the non-value-added time and the value-added time equals
a. inspection time.
b. production time.
c. the product life cycle.
d. cycle time.
D
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Which assertions may be tested for the "account balances" category of management assertions?
A. Occurrence, accuracy, rights and obligations, completeness. B. Existence, cutoff, rights and obligations, completeness. C. Existence, rights and obligations, completeness, accuracy, valuation, allocation, and classification. D. Occurrence, rights and obligations, completeness, valuation and allocation.
One objective of data mining is classification: Finding whether certain facts fall into predefined groups.
Answer the following statement true (T) or false (F)
For a nonprofit organization, its ________ has to help motivate donors, staff, volunteers, beneficiaries, and partners.
Fill in the blank(s) with the appropriate word(s).
Cheng Company has one year in unearned rent on the books in the amount of $3,000 . The money was received on December 1 in payment for a warehouse Cheng owns. What adjusting entry related to unearned rent should Cheng record on the books at year-end?
a. debit to Unearned Rent, $2,750; credit to Rent Revenue, $2,750 b. debit to Rent Revenue, $250; credit to Unearned Rent, $250 c. debit to Unearned Rent, $250; credit to Rent Revenue, $250 d. No entry required.