The Following Are from Forman's Comparative Balance Sheet and 2017

question 75

Multiple Choice

The following are from Forman's comparative balance sheet and 2017 income statement:
$$\begin{array} { | l | r | r | } \hline & \text { December 31,2017 } & \text { January 1, 2017 } \\\hline \text { Accounts receivable } &\$ 2 2 , 0 0 0 & \$ 19 , 0 0 0 \\\text { Unearned revenue } &3 , 0 0 0 & 4,000 \\\text { Salaries payable } & 8 , 0 0 0 &5 , 0 0 0\\\text { Sales revenue } & 154,000 & \\\text { Salaries expense } &8 8 , 0 0 0 &\end{array}$$
Determine the amount of cash that Forman collected from customers during 2017.

• A)$150,000
• B)$158,000
• C)$151,000
• D)$156,000

Understand the costs associated with postponement and its impact on production and profitability.

Recognize the role of tailored and flexible postponement strategies in matching supply with uncertain demand.

Learn about managerial decisions in setting optimal order quantities and pricing under capacity and demand constraints.

Appreciate the complexity of supply chain decisions, including trade-offs between different strategies to improve profitability.

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Definitions:

Alkaline Earth Elements

A group of elements in the periodic table comprising beryllium, magnesium, calcium, strontium, barium, and radium, characterized by their two valence electrons.

Transition Metals

Elements found in the central block of the periodic table, characterized by their ability to form variable oxidation states and to create colored compounds.

Covalent Bond

A type of chemical bond where two atoms share one or more pairs of valence electrons, creating a stable balance of attractive and repulsive forces between atoms.

Carbon Tetrabromide

A chemical compound with the formula CBr4, known for its high density and usage in organic synthesis as a solvent or reagent.