At the beginning of 20X7, Buck Corporation had assets of $540,000 and liabilities of $320,000. During the year, assets increased by $50,000 and liabilities decreased by $10,000. What was the total amount of Stockholders' Equity at the end of 20X7?
A) $220,000
B) $280,000
C) $380,000
D) $500,000
Answer: B) $280,000
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Which of the following is a major disadvantage of market data available on the Internet?
A) The cost of acquiring market data from the Internet is often prohibitive for smaller and medium-sized firms. B) The collection of data can take up several weeks and can be outdated when they are available. C) Significant amount of labor is involved in researching market data on the Internet and requires technical expertise. D) Blogs by individuals are often less reliable than data provided by market research firms.
In manufacturing systems, one way to achieve continuous improvement can be to maintain low inventories, and periodically cut safety stocks almost to zero
Indicate whether the statement is true or false