Developing MRP plans and schedules by assuming infinite capacity and on-time, correct delivery of materials ordered by the suppliers is known as ______.
A. assumption-based manufacture
B. open loop MRP system
C. CRP II
D. batch manufacture
B. open loop MRP system
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The payment event data contains the details of each payment received
Indicate whether the statement is true or false
GASB standards for property tax revenue recognition under the modified accrual basis of accounting provide that revenue is permitted to be recorded if the expected amount to be collected can be determined and collection is reasonably assured, even if the taxes are expected to be collected more than 60 days after the fiscal year end.
Answer the following statement true (T) or false (F)
Which flow of communication direction sends messages between and among similar hierarchical levels across organizations?
A. lateral B. horizontal C. downward D. upward
The beginning Merchandise Inventory balance totals $40,000, and the ending Merchandise Inventory balance totals $45,000 . The adjusting entry for the ending merchandise inventory will:
a. debit Merchandise Inventory and credit Income Summary for $45,000. b. debit Merchandise Inventory and credit Income Summary for $40,000. c. debit Income Summary and credit Merchandise Inventory for $40,000. d. debit Income Summary and credit Merchandise Inventory for $45,000. e. debit Merchandise Inventory and credit Capital for $45,000.