Which of the following is an input to MRP?
A. customer orders
B. an operations plan
C. a bill of materials file
D. a sales plan
C. a bill of materials file
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As a market follower, the ________ may choose to sell to different markets, but often it grows into a future challenger
A) imitator B) adapter C) cloner D) counterfeiter E) innovator
________ is a type of problem identification research
A) Distribution research B) Pricing research C) Market characteristics research D) Promotion research
Costs already incurred in manufacturing the units of a product that do not meet quality standards are relevant costs in a scrap or rework decision.
Answer the following statement true (T) or false (F)
Hernandez Company began business operations and experienced the following transactions during Year 1, its first year of operations:1) Issued common stock for $50,000 cash.2) Provided services to customers for $125,000 on account.3) Purchased $2,500 of supplies on account.4) Paid $30,000 cash to rent office space for a 12-month period beginning July 1.5) Collected $115,000 cash from customers.6) Paid cash for $90,000 of operating expenses.7) Adjusted the accounting records to reflect that there was $750 of supplies remaining on hand at year-end.8) Recorded a year-end adjustment to recognize rent expense.Required:a) Record the above transactions on a horizontal statements model, reflecting their effect on the different financial statements. b) Prepare Hernandez Company's income statement,
balance sheet and statement of cash flows for the year ended December 31, Year 1. What will be an ideal response?