Employers prefer hiring and training new employees rather than having to pay existing workers extra for overtime production.
Answer the following statement true (T) or false (F)
False
Despite having to pay workers time-and-a-half for overtime production, employers see this as preferable to hiring and training new employees-especially if they are afraid that current demand for products or services may not extend to the future.
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Wilson Company's 2011 income statement reports depreciation expense of $25,000 . On the statement of cash flows for 2011 prepared using the direct method, depreciation:
a. would be shown as a deduction under the operating activities. b. would be shown as an addition under the operating activities. c. would be shown as an addition under the financing activities. d. would be ignored. e. would be shown as a deduction under the investing activities.
The total assets and the total liabilities of Smart Financial Services are shown below. The company issued no common stock and paid no dividends during the year
Assets Liabilities Beginning of year $405,000 $270,000 End of year 455,000 300,000 What was the amount of net income for the year? A) $50,000 B) $30,000 C) $20,000 D) $80,000
Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at short measure.". Chris, an employee of Watkins Fencing, Inc within that state, intentionally sells wire fence to Nowton Construction at short measure. Watkins:
a. may be held criminally liable for Chris's act even if Watkins did not authorize this action. b. will only be held liable if Chris is a managerial employee. c. cannot be vicariously liable for Chris's action unless Watkins directed, participated in, or approved of the act. d. will not be vicariously liable for Chris's action if it was not authorized because the element of mental fault is missing on the part of Watkins.
Weekly usage of a product is 8 units. Since the plant operates 50 weeks per year, this leads to annual usage of 400 units. Setup cost is $40 and annualized carrying cost is $80. Weekly production of this product is 12 units
Lead time is four weeks, and safety stock is one week's production. What is optimal kanban size? What is the optimal number of kanbans?