The process of normalization constructs tables such that every table has a ________.
A. minimized metadata footprint
B. one-to-one relationship between entities
C. single theme
D. specialized graphical query
E. foreign key
Answer: C
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The time period assumption assumes a company prepares financial statements every month
a. True b. False Indicate whether the statement is true or false
The FASB's conceptual framework for financial reporting objectives identify the provision of information to make _____ as the principal purpose of financial reports
a. investment decisions, only b. credit decisions, only c. employment decisions d. management decisions e. investment and credit decisions
How many orders will be placed each year?
The injection molding department of Alver Inc. uses an average of 40 pounds of a special powder per day. The plant operates 250 days per year. The daily usage of the powder is normally distributed with a standard deviation of 5 pounds per day. The lead time to obtain the powder from a supplier is 9 days. The annual holding cost is $2 per unit and the cost of ordering the powder is $50.
In the manufacturing overhead budget, the non-cash charges (such as depreciation) are deducted from the total budgeted manufacturing overhead to determine the expected cash disbursements for manufacturing overhead.
Answer the following statement true (T) or false (F)