The specification for the cut length of a board is 12 inches ± .5 inches. A sample of boards showed
an average length of 11.8 inches and a standard deviation of .1 inches. The Cpk for this process is:
A) 3 B) 7 C) .42 D) 2.33 E) 1
E
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Tom can switch between control and inspiration as the situation demands, Tom is a ______.
A. manager B. managerial leader C. leader D. magician
Accounting principles require that inventory be reported at the market value (cost) of replacing inventory when cost is lower than market value.
Answer the following statement true (T) or false (F)
________ is used to determine customer service levels
A) Inventory held B) Backlog/stockout quantity C) Workforce hired/laid off D) Machine capacity increase/decrease
Odessa Corporation had 20,000 shares of $2 par value common stock outstanding on July 1. On that day, the board of directors declared a 10% stock dividend when the market value of each share was $9. The stock dividend is to be distributed on July 20 to stockholders of record on July 10. The entry to record the dividend declaration is:
A. No entry is made until the stock is issued. B. Debit Retained Earnings $18,000; credit Common Stock Dividend Distributable $18,000. C. Debit Retained Earnings $18,000; credit Common Stock $4,000; credit Paid-In Capital in Excess of Par Value, Common Stock $14,000. D. Debit Retained Earnings $18,000; credit Common Stock Dividends Distributable $4,000; credit Paid-In Capital in Excess of Par Value, Common Stock $14,000. E. Debit Retained Earnings $18,000; credit Common Stock $18,000.