MIS job growth is projected to be 50% greater than other jobs in the next five years

The management at Sad Clown Pajamas, an Internet-based wholesaler, is considering a new inventory control system. The current system is inadequate because it results in stockouts that interrupt production and excess stocks of some materials that result in markdowns and high carrying costs. The new system, which will focus on forecasting demand for Sad Clown's products, will employ

A) a just-in-time inventory system. B) the economic order quantity. C) a reorder point. D) materials requirements planning.

Up-a-Creek, Inc., needed some long-term financing and arranged for a 6-year, $60,000, 12% mortgage loan on January 1, Year 1. Annual payments of $14,594 will be made on December 31 each year. For each item, select the amount as of or for the Year Ended December 31, Year 1, in the column of the one financial statement where each amount is found. What is Notes Payable?

A. $(14,594); Statement of Cash Flows (financing activities section) B. $(7,200); Income Statement C. $52,606; Balance Sheet D. $(7,200); Statement of Cash Flows (operating activities section) E. $45,406; Balance Sheet F. $(7,394); Statement of Cash Flows (financing activities section) G. $60,000; Balance Sheet H. $(7,394); Income Statement I. $(14,594); Income Statement