Which of the following is specifically characterized by the elimination of waste through a focus on exactly what the customer wants?
A) Just-in-time (JIT)
B) Toyota Production System (TPS)
C) Lean operations
D) Material requirements planning (MRP)
E) kanban
C
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What principle prevents government funds from going directly to religious congregations?
A. tax-exempt provisions B. the nondistribution test C. charitable choice provisions D. separation of church and state
Which of the following statements is CORRECT?
A. The income of certain small corporations that qualify under the Tax Code is completely exempt from corporate income taxes. Thus, the federal government receives no tax revenue from these businesses, even though they report high accounting profits. B. All businesses, regardless of their legal form of organization, are taxed under the Business Tax Provisions of the Internal Revenue Code. C. Small corporations that qualify under the Tax Code can elect not to pay corporate taxes, but then each stockholder must report his or her pro rata shares of the firm's income as personal income and pay taxes on that income. D. Congress recently changed the tax laws to make dividend income received by individuals exempt from income taxes. Prior to the enactment of that law, corporate income was subject to double taxation, whereby the firm was taxed on the corporation's income and stockholders were taxed again on this income when it was paid to them as dividends. E. All corporations other than non-profits are subject to corporate income taxes, which are 15% for the lowest amounts of income and 38% for the highest income amounts.
Jill recently inherited money from her old aunt Maude. Jill decided to buy beach-front property in Beaufort, South Carolina. Jill's new property consists of 3 acres of land, with direct access to the ocean. When she bought the land there is no home on it, but she wants to build a beach home in the future. A year after she bought the lovely lot, the city of Beaufort rezones the land, prohibiting
any building so that other residents can enjoy the view. Grady comes to Jill, after she was purchased the 3 acres of land and asks her if he can fish on her property. Jill tells Grady that she will be happy to allow him to fish on her land whenever he wishes, so long as he pays her $500.00 per year for the right. If Grady agrees and he and Jill write an agreement to this effect, what they have is: a. a covenant b. an easement c. a collective right d. a disenfranchised right e. an easement by prescription
The journal entry to record the requisition of direct materials for new jobs started during the period is:A.Work-In-Process Inventoryxxx Materials Inventory xxxB.Materials Inventoryxxx Purchases xxxC.Cost of Goods Soldxxx Finished Goods Inventory xxxD.Finished Goods Inventoryxxx Work-In-Process Inventory xxx
A. Option A B. Option B C. Option C D. Option D