Effective materials management reduces procurement, transportation, and production costs through economies of scale.
Answer the following statement true (T) or false (F)
True
Effective materials management benefits a company in four ways, one of which is by reducing procurement, transportation, and production costs through economies of scale.
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Balance sheet and income statement data indicate the following: Bonds payable, 6% (due in 15 years) Preferred 8% stock, $100 par(no change during the year) $1,200,000 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for year 320,000 Income tax for year 80,000 Common dividends paid 60,000 Preferred dividends paid 16,000 Based on the data presented above,
what is the number of times bond interest charges were earned (round to twodecimal places)? a. 5.00 b. 5.44 c. 4.00 d. 4.33
What ownership structure is referred to as a connecting affiliation? Describe briefly or illustrate with a diagram.
What will be an ideal response?
Widgeon Co manufactures three products: Bales; Tales; and Wales. The selling prices are: $55; $78; and $32, respectively. The variable costs for each product are: $20; $50; and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 7 hours to process, Tales take 4 hours, and Wales take 1 hour. Which product has the
highest contribution margin per machine hour? A) Bales B) Tales C) Wales D) Bales and Tales have the same
Which step of the innovation process can be described as recognition of a need for a solution and generated from existing information, experience, and knowledge.
a. Implementation and diffusion b. Idea generation c. Problem solving d. Brainstorming