Answer:
False
Explanation:
A company manages its supply chain activities in the most efficient way possible. This means that the supply chain is managed in a way that there is no wastage of resources.
In order to achieve this, the supply of process materials has to take into consideration the process activities and production schedules of the company. The supply chain cannot be independent of the production and downstream distribution. If the supply chain is independent of the production and downstream distribution, there will be a lot of wastage during periods of low production.
Question: Which would you use to determine how much money you have left over to save each month?
Answer: Income Statement
Answer:
The correct answer is letter "B": materials requisition.
Explanation:
Materials requisition is a form to request materials needed in the production process. Typically, the production department fills out the request to be received by the inventory unit in the organization. The materials requisition form is also helpful to keep track of the materials being used which at the same time will allow charging the targeted job for the cost of the items requested.
As such, the materials requisition is part of the <em>Work in Progress</em> (WIP) account.
Answer:
e) All temporary accounts are closed but permanent accounts are not closed.
Explanation:
At the time of the closing entries, the temporary accounts are closed instead of all other accounts. The temporary accounts include revenues account, expenses account, dividend paid account, ultimately income summary account
These accounts are closed so that the amount of these accounts should be carried forward to the next accounting period. The amount would always be zero, And in every accounting period, these accounts are closed.