Small Orange Fine Foods is a specialty grocery store. The employees are classified according to job titles for workers' compensation insurance premium computation purposes.
a. Based on the payroll estimates as of January 1, what is the total estimated workers' compensation premium for 20XX?
b. The actual payroll for 20XX is listed below. What is the workers' compensation premium based on the actual payroll?
c. What is the difference between the actual and the estimated premiums?
a.
b.
c. $219.70
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Which of the following is an account in stockholders' equity?
a. Dividends Payable b. Loss on Sale of Equipment c. Retained Earnings d. Net income
The fill rate measures the percentage of the total number of items on the order that the firm shipped on time.
Answer the following statement true (T) or false (F)
Which of the following is NOT a source of competitive advantage?
A. Selling the most expensive version of an adequate product B. Having a well-known brand name C. Providing the best customer service D. Being more convenient to buy from E. Developing a steady stream of innovative products
Describe the operations of a flexible manufacturing system (FMS).
What will be an ideal response?