Honda requires its brake suppliers to deliver parts to its production plants three hours before the parts are scheduled to be installed in a new car. This is an example of which logistics activity?
A. containerization
B. PD concept
C. JIT
D. rapid response
E. EDI
Answer: C
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When the auditor is not independent with respect to a client, what must the auditor do?
a. Not accept an audit engagement. b. Include a separate paragraph in the audit report stating the lack of independence. c. Provide a review report. d. Report the non-compliance to the AICPA.
In regression, the line that runs through the points on a scatter diagram is positioned to minimize the vertical distances away from the line of the various points because of the "least squares criterion."
Indicate whether the statement is true or false
(CMA adapted, Dec 92 #10) There are many similarities between lessee and lessor accounting for the capitalization of leases. Which one of the following is a criterion for the capitalization of a lease by a lessee?
a. The lease transfers ownership of the property to the lessee by the end of the lease term. b. The lease term is at least 90% of the remaining life of the asset at the beginning of the lease. c. The present value of the minimum lease payments is 75% or more of the fair market value of the leased asset. d. Future costs are reasonably predictable. e. The lease term is at least 60% of the remaining life of the asset at the beginning of the lease.
Treasury shares represent the:
A) number of previously issued shares that have been repurchased by the corporation. B) number of shares that the corporation has sold. C) number of shares that are currently held by stockholders. D) maximum number of shares that can be sold by the corporation.