The percentage of time the work center is active compared to the available time is called:
A) effectiveness. B) efficiency. C) up-time. D) utilization.
D
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Which of the following would not be an elimination on a work sheet for a consolidated income statement?
a. Debit Cost of Goods Sold and credit Sales. b. Debit Interest Income and credit Interest Expense. c. Debit Common Stock and Retained Earnings and credit Investment in Subsidiary. d. Debit Sales and credit Cost of Goods Sold.
In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is
A) added to net income. B) deducted from net income. C) ignored because it does not affect cash. D) not reported on a statement of cash flows.
_______________________________ emphasizes just in time production, the smooth flow of materials, teamwork, and off-line quality circles to deliver continuous process improvement.
Fill in the blank(s) with the appropriate word(s).
Bulk-breaking means separating products into grades and qualities as desired by different target markets.
Answer the following statement true (T) or false (F)