Which of the following is not an example of a question that should be asked when evaluating a supplier's production scheduling and control systems?
a. Does the supplier use a requirements planning system as part of an ERP system to ensure the availability of required components or meet service requests on a timely basis?
b. What lead time does the supplier's production scheduling and control
system require?
c. What is the supplier's on-time delivery performance history?
d. Does the supplier's scheduling system support a purchaser's delivery requirements?
e. What safeguards are in place to protect the confidentiality of electronic transfers?
e
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During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500.The product warranty expense should be recorded in the years of the expenditures to repair the products coveredby the warranty payments
a. True b. False Indicate whether the statement is true or false
Knollwood Corporation issued $300,000 of 30-year, 8 percent bonds at 106 on one of its semi-annual interest dates. The straight-line method of amortization is to be used. What is the total interest cost of the bonds?
a. $719,500 b. $702,000 c. $720,000 d. $738,000
In an overhead budget:
a. only variable overhead are included. b. both variable and fixed overhead are included. c. separate budgets are prepared for fixed overhead. d. several activity drivers are selected. e. Both a and c answers are correct.
Your friend Ricky took a finance class and learned about the risk-return trade-off. Wanting a high return, Ricky
invested in a risky, start-up technology company. A year later the company went bankrupt and Ricky lost his entire investment. Ricky is furious with his finance professor for misleading him, claiming he was taught that higher return goes with higher risk. Explain how Ricky misinterpreted the risk-return trade-off.