An appositive
a. is a noun or phrase that renames a preceding noun
b. may provide essential or nonessential information
c. is always set off with commas
d. both a and b
D
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Which of the following views on outsourcing would be consistent with the free market ethics approach advocated by Milton Friedman?
a. Outsourcing is detrimental to the economy because it limits profitability. b. Outsourcing decreases efficiency and productivity. c. Outsourcing enhances competitiveness, modernization, and bigger market opportunities. d. Automating processes and replacing workers is unethical since it does not serve a greater good.
The optimal Economic Production Quantity (EPQ) minimizes the sum of set up and carrying costs
Indicate whether the statement is true or false
Sometimes, the parties to a contract specify in advance what the damages shall be in the case of breach. These provisions are called_________clauses
Fill in the blank(s) with correct word
Heathcote Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year$546,000 Estimated direct labor-hours at the beginning of the year 42,000direct labor-hours Results of operations: Actual direct labor-hours 47,000direct labor-hoursManufacturing overhead: Indirect labor cost$152,000 Other manufacturing overhead costs incurred$454,000 Cost of goods manufactured$1,569,000 Cost of goods sold (unadjusted)$1,458,000 The adjusted Cost of Goods Sold for the year is:
A. $1,463,000 B. $1,453,000 C. $1,458,000 D. $1,603,000