The products made by XYZ Corp during the last shift are all missing the bag of screws that should be in each box. What system control needs to be used at this point?
a. concurrent control
b. preliminary control
c. rework control
d. damage control
c. rework control
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Examining relationships among data in the company's financial statements can provide knowledge that can not be gained from just looking at individual items in the statements
Indicate whether the statement is true or false
On July 9, Mifflin Company receives an $8,500, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made on the maturity date assuming the maker pays in full, and no adjusting entries have been made related to the note? (Use 360 days a year.)
A. Debit Cash $8,613; credit Interest Revenue $113; credit Notes Receivable $8,500. B. Debit Cash $8,628; credit Interest Revenue $128; credit Notes Receivable $8,500. C. Debit Notes Receivable $8,500; debit Interest Receivable $170; credit Sales $8,670. D. Debit Cash $8,670; credit Interest Revenue $170; credit Notes Receivable $8,500. E. Debit Cash $8,500; credit Notes Receivable $8,500.
Which section of a formal marketing plan for a new product is most directly related to deciding how you want the target market to think about your product compared to competitive products?
A. Customer Analysis B. Implementation and Control C. Packaging D. Differentiation and Positioning E. Place
Answer the following statement(s) true (T) or false (F)
1. Equity securities are loans from shareholders that must be repaid. 2. One advantage to the issuance of equity securities over debt securities is that it maintains a lower debt-to-equity ratio for the corporation. 3. The most common method of equity financing is the issuance of common stock in exchange for cash. 4. In states following the Model Business Corporation Act, the corporation must have stock issued at all times that guarantees that there are shareholders with the necessary voting rights to take any required corporate actions. 5. In the event that no designation is made in the articles of incorporation, if there is only one class of stock authorized, that stock is considered to be common stock.