1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WITCHER [35]
3 years ago
10

Which of the following is absolutely necessary for successful implementation and operation of MRP? (I) accurate inventory record

s (II) master schedules (III) accurate holding and backordering costs (IV) accurate bills of materials (A) I, II, and IV only(B) I, III, and IV only (C) I, II, and III only
Business
1 answer:
frez [133]3 years ago
4 0

Answer:

(A) I, II, and IV only

Explanation:

The Material Requirements Planning MRP is used to calculate tha materials needed for production. It may be done by software but it can be done without any technological tool.

The most important information for MRP is about the available inventory for future production, in this way the company will know what materials are needed for future production. To provide the materials on time it is necessary to know the master schedules of production, making sure that the supplies will be ready on time for manufacturing process. Finally, the accurate Bills of materials are used as a check list to verify that there is not any pending component for the production process. Even when the MRP may include costs, it is not a vital component for the system and some companies can have MRP without including costs.

You might be interested in
Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st
eduard

Answer:

<u>Part a</u>

Blossom Company

Income statement for the year 2014 - multiple-step form

                                                                                                            $000

Sales revenue                                                                                   97,088

Less Cost of goods sold                                                                   (61,158)

Gross Profit                                                                                        35,930

Less Operating Expenses :

<u>Administrative expense</u>

Officers' salaries                                                           5,488

Depreciation of office furniture and equipment         4,548         (10,036)

<u>Selling expense :</u>

Delivery expense                                                         3,278

Sales commissions                                                      8,568

Depreciation of sales equipment                               7,068          (18,914)

Operating Income (Loss)                                                                  6,980

Less Non Operating Expenses :

Income tax                                                                     9,658

Interest expense                                                            2,448      (12,106)

Net Income (Loss)                                                                            (5,126)

<u>Part b</u>

Blossom Company

Income statement for the year 2014 - single-step form

                                                                                                            $000

Sales revenue                                                                                   97,088

Less Cost of goods sold                                                                   (61,158)

Gross Profit                                                                                        35,930

Less Expenses :

Officers' salaries                                                          5,488

Depreciation of office furniture and equipment        4,548        

Delivery expense                                                         3,278

Sales commissions                                                      8,568

Depreciation of sales equipment                               7,068        

Income tax                                                                    9,658

Interest expense                                                          2,448         (41,056)

Net Income (Loss)                                                                             (5,126)

Explanation:

The multiple-step form shows the Operating Income and Net Income separately by grouping expenses as either operating and non-operating expenses.

The single-step form shows all expenses under one category and no grouping of expenses as either operating or non-operating.

4 0
2 years ago
Jessica works for ABC Shoes. At​ ABC, Jessica is responsible for establishing​ structure, strategic​ goals, and guiding her empl
vesna_86 [32]

Answer: Top Manager

Explanation:

Top manager are managers at or near the upper levels of the organization structure who have the responsible for making organization wide decisions and establishing the plans and goals that affect the entire organization.

Top managers typically have titles such as executive vice president, president, managing director, chief operating officer, or chief executive officer.

3 0
2 years ago
Retained earnings: Multiple Choice Are never adjusted for anything other than net income or dividends. Represents the amount sha
kolbaska11 [484]

Answer:

Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception

Explanation:

Retained earning is the balance of a company's profit that is retained after the distribution of dividend declared to it's shareholders.

A company that makes profit at the end of a reporting period usually make dividend declaration to its shareholder. The accumulation of these declarations are then taken out of the profit earned by the company. The balance when dividends declared(since it's inception) by the company is taken out from its profit, including any net losses is known as retained earning.

5 0
2 years ago
Which of the following is TRUE of brokers? a. Brokers bring buyers and sellers together and assist in negotiation. b. Brokers re
yuradex [85]

Answer:

a. Brokers bring buyers and sellers together and assist in negotiation.

Explanation:

Brokers are a kind of agents as, they help the buyers find the sellers, and the sellers to find the buyers.

They help in price negotiations and settling the deals. They are hired for individual deals, and not for a specified period.

They do not get any payments in the form of salary, but they get payment in the form of commission, based on the price of settlement of the deal.

3 0
3 years ago
A new regulation requires the local coal plant to install filtering technology to reduce their carbon emissions by 50%. Purchasi
Ray Of Light [21]
<h2>cause _____ in this community, asnew regulation requires the local coal plant to install filtering technology to reduce their <em><u>carbon emissions by 50%. Purchasing the necessary equipment is too expensive for this business, forcing them to close the plant and lay off its 500 employees. Although the intent of the new regulation was to address potential _____ caused by the plant, the closing of the business will likely cause _____ in this community, as many of its</u></em> residents relied on jobs at the plant.</h2>
3 0
3 years ago
Other questions:
  • Utility gained with each individual unit of a good that you purchase is called ______________. (select the best answer.) select
    10·1 answer
  • Alton, a mid-level manager for knockaround clothing in charge of monthly inventory, often participates in quarterly meetings of
    9·1 answer
  • Melvin supervises 10 employees in marketing. Sarah supervises 11 employees in finance and Jake supervises 9 employees in HR. As
    11·1 answer
  • Small differences in growth rates can create large differences in income levels because of:
    15·1 answer
  • The general fund collects taxes that are legally restricted for use in a future year. The amount of the collections is reported
    14·2 answers
  • Demand is said to be inelastic if a. buyers respond substantially to changes in the price of the good. b. demand shifts only sli
    14·1 answer
  • When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
    6·2 answers
  • The postponement of a project until conditions are more favorable: I. is a valuable option. II. is referred to as the option to
    10·1 answer
  • The firm repurchases shares from a major shareholder through privately determined discussions. What method is described in the p
    13·1 answer
  • In a private enterprise economic system, consumers can choose from a variety of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!