The job that arrived first at a work center or machine will be processed first and completed. Which of the following priority rules does this statement represent?
A. first come, first served
B. shortest processing time
C. critical ratio
D. earliest due date
A. first come, first served
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On May 1, 2016, Plotter, Inc, issued $30,000 of ten-year, 12% bonds payable dated January 1, 2016. The cash received amounted to $29,808. The bonds pay interest semiannually. Potter's fiscal year ends on June 30, 2016. What amount of interest expense should be reported on the income statement prepared on June 30, 2016, assuming straight-line amortization?
A) $603.20 B) $669.60 C) $549.60 D) $609.60
The following unit data were assembled for the heating process of Morgan Processing Inc for the month of August. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process costing method. Units Beginning work in process inventory (30 percent complete) 5,000 Units started in August 44,000 Ending
work in process (60 percent complete) 4,500 The number of equivalent units produced by Morgan Processing with respect to direct materials costs is A) 39,500. B) 44,000. C) 49,000. D) 48,500.
The "Cycle of Mediocrity" is most often found in large, bureaucratic organizations like regulated oligopolies
Indicate whether the statement is true or false
What is a main concern of change agents about measurement and control systems?
a. They worry that measurement systems aren’t properly calibrated b. They worry that measurement systems don’t accurately represent the work they put into the project c. They worry that critics will use measurements to undermine the change d. They worry that measuring will take too much time