Pacing in production processes refers to the fixed timing of the movement of items through the process.
Answer the following statement true (T) or false (F)
True
Pacing refers to the fixed timing of the movement of items through the process.
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If a tariff and an import quota lead to equivalent increases in the domestic price of steel, then
a. the quota results in efficiency reductions but the tariff does not. b. the tariff results in efficiency reductions but the quota does not. c. they have different impacts on how much is produced and consumed. d. they have different impacts on how income is distributed.
In its first year of business, Borden Corporation had sales of $2,040,000 and cost of goods sold of $1,220,000. Borden expects returns in the following year to equal 7% of sales. The adjusting entry or entries to record the expected sales returns is (are):
A.
| Sales Returns and Allowances | 142,800? | |
| Sales Refund Payable | 142,800? | |
| Inventory Returns Estimated | 85,400? | |
| Cost of Goods Sold | 85,400? |
B.
| Sales Refund Payable | 142,800? | |
| Accounts Receivable | 142,800? |
C.
| Sales | 2,040,000? | |
| Sales Refund Payable | 142,800? | |
| Accounts Receivable | 1,897,200? |
D.
| Sales Returns and Allowances | 142,800? | |
| Sales | 142,800? | |
| Cost of Goods Sold | 85,400? | |
| Inventory Returns Estimated | 85,400? |
E.
| Accounts Receivable | 2,040,000? | |
| Sales | 2,040,000? |
A one-sample nonparametric goodness-of-fit test to determine whether the observations for a particular variable could reasonably have come from a particular distribution is the ________
A) Kolmogorov-Smirnov one-sample test B) runs test C) binomial test D) Mann-Whitney U test
For a utility, funded debt to operating property is a measure of:
a. profitability. b. return to shareholders. c. debt coverage. d. liquidity. e. asset turnover.