What information is necessary to create the master production schedule?
A) engineering department specifications and inventory levels
B) engineering department specifications and sales forecasts
C) special orders information and engineering department specifications
D) sales forecasts, special orders information, and inventory levels
D
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When a periodic inventory system is used, ________
A) an adjusting entry is needed to record the ending Merchandise Inventory account balance B) the process for closing the Income Summary and Dividends accounts differs from the process used in the perpetual inventory system C) beginning Inventory, Purchases, and Freight In accounts are closed via the Income Summary Account D) there is no need to take a physical count of inventory
When an U.S. investor entity acquires interest in a foreign entity with the payment of foreign currency, the determination of excess is calculated
a. in dollars b. in the foreign currency c. in dollars if re-measurere-measurement (historical rate/temporal method) is indicated d. in the foreign currency if translation (current rate/functional method) is indicated