A continuous production process is most likely linked to which manufacturing environment?
a. MTO
b. ATO
c. MTS
d. ETO
c. MTS
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For Expenses, the category of account and its normal balance is ________
A) equity and a credit balance B) assets and a debit balance C) assets and a credit balance D) equity and a debit balance
ROI is most appropriately used to evaluate the performance of:
A. profit center managers. B. cost center managers. C. revenue center managers. D. investment center managers. E. Both profit center managers and investment center managers.
Bursting is used for high-ticket items that are purchased with careful consideration.
Answer the following statement true (T) or false (F)
Jans Inc. acquired all of the outstanding common stock of Tysk Corp. on January 1, 2016, for $372,000. Equipment with a ten-year life was undervalued on Tysk's financial records by $46,000. Tysk also owned an unrecorded customer list with an assessed fair value of $67,000 and an estimated remaining life of five years.Tysk earned reported net income of $180,000 in 2016 and $216,000 in 2017. Dividends of $70,000 were paid in each of these two years. Selected account balances as of December 31, 2018, for the two companies follow. JansTyskRevenues$1,080,000 $840,000 Expenses 480,000 600,000 Investment income Not given 0 Retained earnings, 1/1/18 840,000 600,000 Dividends paid 132,000 70,000 ?If the partial equity method had been applied, what was 2018 consolidated
net income? A. $768,400. B. $840,000. C. $822,000. D. $600,000. E. $240,000.