Just-in-time production techniques:
a. Require inventory buffers between work centers.
b. Were first utilized by U.S. manufacturers and later exported to Japan.
c. Produce goods for inventory with the hope that demand for these goods will then be created.
d. Require a high degree of cooperation and coordination between supplier and manufacturer.
d
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On January 6, 2017, Michael Company acquired 4,000 shares (or 10%) of George Corporation's common stock at $25 per share. The securities are classified as trading securities. On October 24, 2017, George declared and paid a cash dividend of $1 per share. On December 31, 2017, the market value of George's common stock was $35 per share. George also reported a net income of $250,000 for 2017. At
what value should Michael report the investment in George's common stock on its December 31, 2017 balance sheet? A) $100,000 B) $140,000 C) $144,000 D) $104,000
Assume that an assembly line has three tasks that must be completed (in order, A, B, C, and D). The tasks have processing times of 8, 12, 9, and 10 minutes per unit, respectively. If the assembly line operates for 500 minutes per day with a desired output of 50 units per day, what is the takt time?
a. 41.7 minutes per unit b. 10 minutes per unit c. 62.5 minutes per unit d. Cannot be determined from the information given
Which of the following is correct with regard to the capacity of an agent?
a. The incapacity of the agent disqualifies him from making a contract that is binding on his principal. b. No mental capacity is necessary for an agent. c. If an incompetent person who is not under guardianship appoints an agent, contracts made by that agent are voidable. d. A young child or a person under guardianship has the capacity to act as an agent.
Equitable remedies are usually allowed by courts
a. when money damages will not adequately compensate the injured party for his or her loss. b. only when fraud or duress is involved. c. in place of nominal damages. d. all of these.