Which of the following describes the purpose of statistical process control (defect-prevention)?
a. A consumer buys a TV and plugs it in. It doesn't work and she returns it.
b. A soft drink company samples its product at 25 retail establishments to determine if the canner's mixture meets the soft drink company's standard.
c. The Army purchases hammers and tests 10 of them before accepting the entire shipment.
d. Computer chips received by a computer maker are sampled before the shipment is accepted or rejected.
e. The manufacturer of pocket knifes samples its process at three stages before allowing the pocket knives to be assembled.
E
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During 2015, the accounts receivable balance of Dickerson Corp increased. Which of the following statements is true?
a. This indicates that Dickerson sold more than it collected in cash during the period. b. This increase is added to net income in the operating activities section of a statement of cash flows prepared under the indirect method. c. This increase is added to sales recognized on the income statement to determine the cash collections from customers during the period. d. This increase is considered only when the operating activities section of a statement of cash flows is prepared under the indirect method.
If Year 1 equals $2,800, Year 2 equals $3,108, and Year 3 equals $3,668, the index number to be assigned for Year 3 in trend analysis, assuming that Year 1 is the base year, is
A) 100. B) 141. C) 131. D) 136.
Recording employee payroll deductions may involve:
A. Expenses for the employer portion of any medical insurance. B. Liabilities to federal and state governments. C. Liabilities to the employer. D. Expenses for state unemployment. E. Expenses for the gross wages and salaries.
A will entirely in the handwriting of the testator is called a ____ will
A) nuncupative B) holographic C) conditional D) temporary