Using technology such as robots and computer-controlled machinery to shift from mass production to custom order manufacturing is referred to as
A) computer integrated manufacturing (CIM).
B) lean manufacturing.
C) Six Sigma.
D) computer-aided design (CAD).
Answer: A
Business
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A company sells $ 180,000 (sales price) of goods and collects sales tax of 8%. What current liability does the sale create?
A. Sales tax payable of $ 14, 400 B. Sales revenue of $ 194, 400 C. Unearned revenue of $ 14, 400 D. None; the company collected cash up front.
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