Rick Has Created the Chart Above Outlining the Information He

question 45

Multiple Choice

Rick has created the chart above outlining the information he has on producing toy trains. He will create a two-dimensional chart to visualize the information. Please refer to the chart above as you answer the questions below.
-The slack for molding time for Sample 3 shows ____.

• A) 10 hours of molding time, with 5 hours borrowed from finishing time
• B) 10 hours too many used for molding time, with 5 hours of unused finishing time
• C) 10 hours of unused molding time, with 5 hours too many used for finishing time
• D) none of the above

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Definitions:

Profits

The net income received by a company after deducting all expenses, taxes, and costs.

Unrealized Gain

Profit that has been made on paper from investments but has not yet been converted to cash by selling the asset.

Commercial Substance

A characteristic of a business transaction that leads to a change in the cash flows of the entity, indicating that the change has a significant economic effect.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.