A Master Production Schedule Shows the Beginning Inventory Is 50

question 16

Multiple Choice

A master production schedule shows the beginning inventory is 50 units,the forecast is 80 units,and actual customer orders are 70 units.Using a lot-for-lot rule,what is the MPS quantity for period 1?

• A)30
• B)80
• C)70
• D)20

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Definitions:

Corporate Records

Official documents that corporations are legally required to maintain, including information on business activities, financial performance, and legal obligations.

Declared Dividend

A dividend that has been announced by a company's board of directors to be paid out to shareholders on a specified date.

Duty of Diligence

The obligation to perform tasks, responsibilities, or research with careful and persistent effort to avoid harm to another party.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or sensitive information.