The theory of constraints can
a. Identify what limitations exist with raw material suppliers.
b. Follows a methodology similar to linear programming.
c. Show where bottlenecks exist and sets the limit of output to these bottlenecks.
d. Be ignored since it assumes too many estimates in the production cycle.
c
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When end-of-period adjusting entries are made under the periodic inventory method, the only one involving inventory occurs when there is less physical inventory than shown in the balance on the unadjusted trial balance
Indicate whether the statement is true or false
England Corporation issued a $400,000, 5.5%, 10-year bonds payable at 101 on January 1, 2009. The bonds are retired on January 1, 2019.
Prepare the journal entries on the date of issuance and at the date of retirement. Omit explanations.
Commencement speakers
a. frequently reinforce the value of education. b. ask future graduates to follow norms. c. discuss mostly college life. d. are there solely to make the audience laugh.
Under the moral minimum theory of the social responsibility of business, it is acceptable for a
business to injure others so long as the business adequately compensates those who are injured. Indicate whether the statement is true or false