What are the key inputs to an MRP system?
What will be an ideal response?
The key inputs are the bill of materials, master production schedule, and inventory records.
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Which of the following statements regarding a post-closing trial balance is false?
A) Post-closing trial balances only contain permanent accounts. B) Balances in a post-closing trial balance cannot be used to calculate current income. C) Post-closing trial balances only contain temporary accounts. D) A post-closing trial balance verifies that the total of the debit balances equals the total of the credit balances of all permanent accounts in the general ledger.
During negotiations, when passions are high and the parties are deadlocked, ________-party intervention may be the only way to get negotiations back on track.
Fill in the blank(s) with the appropriate word(s).
A firm has segmented its customers into two groups: high-volume customers and low-volume customers. Explain the different styles of communication the firm should implement to reach each group of customers
What will be an ideal response?
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Andrea invested $14,800 cash in the business in exchange for common stock. 2. Andrea contributed $33,000 of photography equipment to the business. 3. The company paid $3400 cash for an insurance policy covering the next 24 months. 4. The company received $7000 cash for services provided during January. 5. The company purchased $7500 of office equipment on credit. 6. The company provided $4050 of services to customers on account. 7. The company paid cash of $2800 for monthly rent. 8. The company paid $4400 on the office equipment purchased in transaction #5 above. 9. Paid $405 cash for January utilities. Based on
this information, the balance in the cash account at the end of January would be: A. $58,350. B. $17,850. C. $10,795. D. $14,845. E. $22,600.