Reliability, in the context of a service industry, refers to ______.
a. promptness
b. price
c. packaging
d. compliance
a. promptness
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Leadership is the ability to ______ employees to voluntarily pursue organizational goals.
A. force B. reward C. request D. compensate E. influence
Magoro, Inc. has two processes—Coloring Department and Mixing Department. The company sold 450 gallons on account at $110 per gallon. The total cost of processing was $385,000 for 5,500 gallons of paint. Throughout the year, the company used a predetermined overhead allocation rate to allocate $80,000 and $90,000 of indirect costs to the Coloring Department and Mixing Department, respectively. The actual overhead costs incurred amounted to $150,000 at the end of the year.
What are the journal entries to record the sale of goods and the adjustment for over/underallocated manufacturing overhead at the end of the year if the company follows a perpetual inventory system and process costing?
What two broad purposes do closing entries serve?
According to the information provided in Table 12-5, which presents the solution for a queuing problem with a constant service rate, on average, how much time is spent waiting in line?
A) 1.607 minutes B) 0.714 minute C) 0.179 minute D) 0.893 minute E) None of the above