Which of the following is characteristic of a lean production layout?
Organization around processes and small production batches
Decentralized maintenance and organization around processes
Decentralized maintenance and small production batches
A. Calculate free cash flow
Free cash flow = net cash flow from operations - capital expenditures
Free cash flow = $ 15200 - 0 = $15200
Free Cash Flow = $ 15200
No capital expenditures are seen to be made by the company like investment in plant an
Melbourne Institute of Technology Pty Ltd
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Assessment Details and Submission Guidelines
Northwood Company manufactures basketballs. The company has a
ball that sells for $25. At present, the ball is manufactured in a small
plant that relies heavily on direct labor workers. Thus, variable costs
are high, totaling $15 per ball. Last year, the
Ending balance in Basil's finished goods inventory account is $43,750
Calculation of Basil's ending balance, finished goods inventory account is as follows:
Beginning balance raw material
Add: Purchase of ra
Journal entries for 2017 are as follows:
1. Accounts and notes receivable (2180000+850000)
Revenue Deductions Charity Services
Revenue Deductions Contractual Adjustments
To revenues-patient service charge
To revenue- other operating revenue
Stork Corporation and Subsidiary
Consolidation Working Papers
at December 31, 2005
Cost of Sales
Add: Net incom
2. S transfers $1,000,000 to T in an irrevocable trust, to pay the
income to A, age 32, for ten years, remainder to B. Sreservesthe
power to substitute or add income beneficiaries. Which of the
following statements are correct? Explain answer
A. The trans
ZIP Company owns 48,000 shares of the common stock of PIK Company. ZIP decided to
divest itself of this investment by distributing the PIK shares in the form of a property
dividend. The dividend ratio is one share of PIK for every four shares of ZIP commo
Briefly explain the case of pendoley vs. ferreira
In the case of Pendoley v. Ferreira, the plaintiffs were residents of newly developed residential property near the piggery. They are
owners of single houses in the residential property.The court cannot or
Labor data for making one gallon of finished product in Bing
Company are as follows. (1) Pricehourly wage rate $13.10, payroll
taxes $0.72, and fringe benefits $1.44. (2) Quantityactual
production time 1.54 hours, rest periods and cleanup 0.28 hours,
The Distance Plus partnership has the following capital balances at
the beginning of the current year: Tiger (50% of profits and losses) $
85,000 Phil (30%) 60,000 Ernie (20%) 55,000 Each of the following
questions should be viewed independently. a. If Se
BUSN-731-Corporate and Business Law
1. Legality is one of the elements required for there to be a contract;
If the subject matter of the contract is illegal, an enforceable contract does not exist.
(For example) if a person offers to pay another person mo
BUSN-731-Corporate and Business Law
1. What areas/topics does the Canadian federal government have exclusive jurisdiction
Exclusive federal jurisdiction: includes areas in which only the federal government may
pass laws (the provinces are pro
ACCT-701-Accounting For Managerial Decision Making
1.What is management accounting.
Management accounting is the process of supplying the managers and employees in an
organization with relevant information, both financial and nonfinancial
1. Briefly describe the five-stage Decision-making/Problem-solving process.
Intelligence: potential problems or opportunities are identified and defined.
Design: alternative solutions to the problem are developed.
Choice: selecting a course of actio
1. Define cloud computing? Identify the business benefits of cloud computing.
Cloud Computing means storing and assessing data and programs over the internet instead of
own computers hard drive.
Benefits of cloud computing:
1. Briefly describe the Hierarchy of data.
Hierarchy is the systematic organization of data in a hierarchical form. Data organization involves Bits,
characters, fields, records, files, and databases.
1.Explain the primary difference between RAM and ROM memory chips.
RAM:(Random access memory)
Ram lose its content when the devise is powered off
A volatile form of memory.
ROM:(Read only memory)
It provides permanent storage for data, do not lose c
1. What is Transaction Processing System (TPS)? Contrast the two processing methods
normally employed in TPS?
A Transaction Processing System (TPS) is an organized collection of people, procedures,
software, databases, and devices used to record com
1. Define encryption and briefly explain how it works.
The process of converting an original message into a form that can only be understood by the
2. List serval benefits associated with telecommuting.
1. Define Electronic commerce and Identify Its various subsets.
Electronic commerce is the Conducting business activities (e.g., distribution, buying,
selling, marketing, and servicing of products or services) electronically over computer
A particular class of shares which generally rank ahead of ordinary shares.
Preference shareholders are normally entitled to a specified rate of dividend
and, unlike ordinary shareholders, are not entitled to residual profits. Although
Offer for sale
A method of issuing shares of a previously unquoted company. The issuing
house, often an investment bank or specialised department of a stockbroker or
clearing bank, underwrites the whole issue of the shares at a fixed price and
The provision of some form of guarantee. In investment, underwriting is where
an institution gives a guarantee to a company issuing new shares or bonds
that it will buy any remaining shares or bonds that are not bought by other