Answer the following statements true (T) or false (F)
1. When a company sells more than it produces, its inventory levels increase.
2. When using level production, inventory will peak in the month where unit sales trend above the planned production level.
3. Cash, accounts receivables, and inventory all move monthly in the same direction under level production.
4. Level production methods smooth production schedules and utilize manpower and equipment more efficiently than seasonal production methods.
5. The use of point-of-sale terminals has made it easier for many retail store managers to manage their inventory.
1. FALSE
2. FALSE
3. FALSE
4. TRUE
5. TRUE
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Rite Inc., a company headquartered in the United States, opens an overseas facility in China. In this scenario, the Chinese facility is located in a
A. guest country. B. host country. C. parent country. D. first country. E. third country.
If the amount of factory overhead cost incurred exceeds the amount applied, the factory overhead account will have a:
A) debit balance and be underapplied B) debit balance and be overabsorbed C) credit balance and be overapplied D) debit balance and be overapplied
When a customer orders an item that is a completely new and different product, the company's supply chain must be able to deliver an item that is ________-to-order
Fill in the blanks with correct word
Wasp Corporation has a loan agreement that provides it with cash today, and the company must pay $25,000 one year from today, $15,000 two years from today, and $5,000 three years from today. Wasp agrees to pay 10% interest. The following are factors from a present value table: ? Interest ratePeriods 10%1 0.909120.826430.7513What is the amount of cash that Wasp receives today?
What will be an ideal response?