An approach to managing inventories and production

This preview shows page 5 - 9 out of 10 pages.

8. An approach to managing inventories and production operations such that units of materials and products are obtained and provided only as they are needed is called: A. Continuous improvement. B. Customer orientation. C. Just-in-time manufacturing. D. Theory of constraints. E. Total quality management. 5
Image of page 5

Subscribe to view the full document.

9. A fixed cost: 10. Factory overhead costs normally include all of the following except:
Image of page 6
Problem #1 ( 30 points ) 7
Image of page 7

Subscribe to view the full document.

Martin, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calculate the net cash provided by operations using the indirect method. Additional information: Minus 6 points Net Income…………………………………… 32,500 Increase in accounts receivable………………. (4,000) Increase in accounts payable…………………. 16,000 Increase in income taxes payable…………….. 300 Decrease in prepaid expenses………………… 10,000 Decrease in merchandise inventory…………... 14,000 Decrease in long-term notes payable…………. 20,000 Net Cash Provided By Operating Activities ….. 88,800 $72,800 Missing: Depreciation Expense $30,000 Gain on sale of equipment ($26,000)
Image of page 8
Image of page 9
You've reached the end of this preview.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern