The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization's resources is called
A. employment.
B. career planning.
C. competitive advantage.
D. management.
E. strategic planning.
D. management.
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Inventory is an example of a long-term asset
Indicate whether the statement is true or false
What types of information might an entrepreneur needs in regards to manufacturing operations?
What will be an ideal response?
________ involves the sale of accounts receivable
A) Trust receipt loan B) Factoring C) Field warehouse arrangement D) Pledging of accounts receivable
The Tse Manufacturing Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. The company closes any balance in the Manufacturing Overhead account to Cost of Goods Sold. During the year the company's Finished Goods inventory account was debited for $125,000 and credited for $110,000. The ending balance in the Finished Goods inventory account was $28,000. At the end of the year, manufacturing overhead was overapplied by $4,500. If the estimated manufacturing overhead for the year was $24,000, and the applied overhead was $26,500, the actual manufacturing overhead cost for the year was:
A. $31,000 B. $28,500 C. $19,500 D. $22,000