Which of the following lot sizing rules is best applied when setup or order costs are high?

A) The fixed-order quantity rule
B) The lot-for-lot rule
C) The periodic-order quantity rule
D) The gross requirements rule


A

Business

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On December 31, Jacoby Company's Prepaid Rent account had a balance before adjustment of $6,000. Three months' rent was paid in advance on December 1, the first day of the lease term. The adjusting entry needed on December 31 is:

A. Debit Rent Expense $6,000; credit Accounts Payable $6,000. B. Debit Rent Expense $2,000; credit Accounts Payable $2,000. C. Debit Rent Expense $2,000; credit Prepaid Rent $2,000. D. Debit Prepaid Rent $6,000; credit Cash $6,000. E. Debit Cash $2,000; credit Prepaid Rent $2,000.

Business

In contract law, intent is determined by the secret, subjective intent, or belief, of a party

Indicate whether the statement is true or false

Business

Hannah is the CEO of JF Corp., a steel manufacturing company. She finds that the market is exhibiting the signs of a maturing market. She wants to revise the compensation package for her sales employees to adapt to the changing market conditions. In this case, Hannah is most likely to:

A. increase base pay. B. provide incentives based on new customer generation. C. include a significant incentive component. D. provide a commission-based incentive plan.

Business

If a shareholder receives cash from a corporation in complete liquidation of his or her ownership interest and the cash received is less than the shareholder's basis in the stock, the shareholder will report a loss.

Answer the following statement true (T) or false (F)

Business