What is one benefit of the flexible production system?
A flexible production system shortens the physical distance between activities, reducing setup time, processing time, handling costs, and inventories.
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Shareholders of a corporation act as agents of the corporation
Indicate whether the statement is true or false
During the rewriting step of your proposal, add your graphics and a glossary
Indicate whether this statement is true or false.
The ability to understand and enter into the feelings of another is called A) audience demographics
B) sympathy. C) empathy. D) buffering.
Use the following income statement and information about changes in noncash current assets and liabilities to (1) prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method and (2) compute the company's cash flow on total assets ratio for the year assuming that average total assets are $525,250.Davey CompanyIncome StatementFor Year Ended December 31Sales?$880,000Cost of goods sold? 487,000Gross profit?$393,000Operating expenses:?? Salaries expense$144,000? Rent expense76,000? Depreciation expense45,000? Amortization expense22,000? Utilities expenses 12,000 299,000Income from operations?$ 94,000Loss on sale of equipment? 14,000Income before taxes?$ 80,000Income tax
expense? 28,500Net Income?$ 51,500???Changes in current asset and current liability accounts for the year that relate to operations follow.Increase in accounts receivable$ 32,000Increase in accounts payable (all accounts? payable transactions are for inventory)13,500Decrease in prepaid expenses9,200Decrease in merchandise inventory14,000Decrease in long-term notes payable20,000 What will be an ideal response?