A single-sampling plan has n = 200 and c = 6. A sample is taken and five items are found to be defective. What should be done?
A) Another sample should be taken.
B) The lot should be rejected.
C) The lot should be accepted.
D) The five items should be repaired, and then the entire lot should be accepted.
C
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On January 1, 2016, Roy Company acquired equipment at a cost of $500,000. Roy used the double-declining-balance method to depreciate the equipment with a ten-year life and no salvage value. On January 1, 2018, Roy changed to straight-line depreciation for this equipment, and the IRS accepted this change as being eligible as a change in accounting estimate with prospective treatment. Assuming an
income tax rate of 30%, what is the amount of the restatement of January 1, 2018 retained earnings? A) $0 B) $54,800 C) $62,640 D) $82,100
Spencer Co. has a $200 petty cash fund. At the end of the first month the accumulated receipts represent $43 for delivery expenses, $127 for merchandise inventory, and $12 for miscellaneous expenses. The fund has a balance of $18. The journal entry to record the reimbursement of the account includes a:
A. Credit to Inventory for $127. B. Debit to Petty Cash for $200. C. Debit to Cash Over and Short for $18. D. Credit to Cash Over and Short for $18. E. Credit to Cash for $182.
How do organizations use a product differentiation strategy to distinguish their products from competitors?
What will be an ideal response?
A company is preparing a bid on a government contract for 40 units of a certain product. The operations manager estimates the assembly time required for the first two units to be 10.4 hours and 8.3 hours, respectively
a. What is the appropriate learning curve? b. What is the average time per unit for the 40 units? c. Which unit, if any, will require approximately one-half the time of the first unit?