What type of system allows a customer's bank to periodically transfer funds from its account to a selling firm's bank account for payment of bills??
A. Disbursement agreement?
B. ?Preauthorized debit system
C. ?Lockbox agreement
D. ?Concentration banking system
E. ?Zero-balance account
Answer: B
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In DBR (drum-buffer-rope), which of the following is the mechanism that synchronizes or subordinates all other resources and decisions to the activities of the drum in order to maximize its effectiveness?
a. drum b. buffer c. rope d. schedule
Using the data in Table M2-1, determine the optimal arc of stage 1
A) 5 B) 6 C) 7 D) 6 - 7 E) 5 - 7
Zackery Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated lathe. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$7,452 Capacity of the lathe 230hoursActual results: Actual total fixed manufacturing overhead$7,452 Actual hours of lathe use 180hours The manufacturing overhead applied is closest to:
A. $7,748 B. $9,900 C. $7,452 D. $5,832
The concept of adverse selection helps explain why collateral is an important feature of many debt contracts
Indicate whether the statement is true or false