Accepting a good-quality lot would be a <u><em>correct decision.</em></u>
OPTION B "correct decision" is the right answer according to Acceptance Sampling model.
Utilized in quality assurance, acceptance sampling is a statistical method for measuring the reliability of a product or service. It enables a business to ascertain a batch's quality by randomly sampling from it. The standard of quality for the whole set of products will be assumed to be equal to that of the selected sample.
It is impossible for a corporation to constantly test every single one of its goods. It's possible there are too many to inspect efficiently or cheaply. Extensive testing could also compromise the product's quality or render it unmarketable. If a representative sample were tested, the results would be accurate without jeopardizing the rest of the production run.
Acceptance sampling is a method of quality control in which a representative sample of a product batch is tested and its quality is inferred from the results. Acceptance sampling is useful for quality control when implemented properly.
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Answer:
The correct answer is option A.
Explanation:
The present value of all free cash flows gives the share value under the free cash flow approach to valuation. It is also called a discounted cash flow valuation.
Answer:
The cost of the ending inventory under FIFO is $2,430 and under LIFO is $1,620
Explanation:
First determine the units sold
Units Sold = Total Purchases - Units in hand
= 1,410 units - 270 units
= 1,140
Note ; Wildhorse Co. uses a periodic inventory system. This means we calculate the cost at the end of the period.
FIFO
Means First in First Out
Cost of the ending inventory = 270 x $9.00 = $2,430
LIFO
Means Last in First Out
Cost of the ending inventory = 270 x $6.00 = $1,620
Conclusion
The cost of the ending inventory under FIFO is $2,430 and under LIFO is $1,620
It would be letter C - <span>To state the reason for the existence of a business.
</span>A mission statement<span> of a company defines what an organization is, why it exists, its reason for being. It is a sentence that states the company's function and the business's goals and philosophies. </span>
Answer:
Loma Group Inc.
Paid-in Capital Portion of the Stockholders' Equity:
Common Stock, 320,000 issued at $14 stated value
, $4,480,000.00
Paid-In Capital in Excess of Stated Value-Common Stock 525,000.00
Preferred 2% Stock, $120 par 8,400,000.00
Paid-In Capital in Excess of Par-Preferred Stock 210,000.00
Total Paid-in Capital $13,615,000.00
Explanation:
a) The Paid-In Capital in Excess of Stated Value-Common Stock:
As per trial balance $480,000.00
Treasury Stock 45,000.00
Total $525,000.00
b) The Paid-in Capital of the Stockholders' Equity is the element of Stockholders' Equity that includes only the paid-in capital (cash and other assets) received from stockholders. This portion excludes the Retained Earnings and the memorandum record of the authorized share capitals.
