When a new firm does not have any "in-house" manufacturing for its brand, it is likely to
A. attract potential new markets.
B. enjoy less competitive pricing.
C. have the advantage of flexibility.
D. have a production cost advantage.
E. fail in marketing research.
Answer: C
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Lincoln Corp received advance payments from customers during 2016 of $10,000 . At December 31, 2016, $1,000 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, the balances in the Unearned Service Revenue and Service Revenue accounts will be Unearned Service Revenue Service Revenue
a. $ 1,000 $ 9,000 b. $ 1,000 $10,000 c. $11,000 $ 1,000 d. $ 9,000 $10,000
The Walsh-Healy Public Contracts Act of 1936
A. requires that a lower "training wage" be paid to workers under the age of 20 for a period of up to 90 days. B. requires general contractors performing services on prime contracts in excess of $2,500 to pay service employees in various classes no less than the prevailing local wage rates. C. covers all government contractors receiving $10,000 or more in federal funds. D. covers construction contractors that receive more than $2,000 in federal money. E. mandates that employers pay higher wages for overtime, defined as hours worked beyond 40 hours per week.
Which of the following offers both information and analysis?
A) Indirect reports B) Long reports C) Proposals D) Analytical reports E) Informational reports
To meet the end customer order due dates, it is the responsibility of the master scheduling and MRP system to ensure that ______.
A. purchase orders are issued with the right prices at which materials are to be purchased B. production and purchase orders are issued with valid due dates C. the right quantities of materials are specified D. the right personnel are hired for the company