Misra Company Compiled the Following Financial Information as of December

question 48

Multiple Choice

Misra Company compiled the following financial information as of December 31, 2018: $$\begin{array} { l r } \text { Revenues } & \$ 340,000 \\\text { Retained earnings } ( 1 / 1 / 18 ) & 60,000 \\\text { Equipment } & 80,000 \\\text { Expenses } & 250,000 \\\text { Cash } & 90,000 \\\text { Dividends } & 20,000 \\\text { Supplies } & 10,000 \\\text { Accounts payable } & 40,000 \\\text { Accounts receivable } & 70,000 \\\text { Common stock } & 80,000\end{array}$$ Misra's stockholders' equity on December 31, 2018 is

• A) $90,000.
• B) $140,000.
• C) $210,000.
• D) $250,000.

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Definitions:

Master Schedule

A detailed plan that outlines the production and delivery schedule of final products to ensure the efficient management of production operations.

Master Production Schedule

A timetable that specifies what is to be made and when.

Work Centre

is a specific physical location in a manufacturing facility where tasks related to production are carried out, often equipped with necessary machinery and labor.

Linear Programming

A mathematical technique for optimizing a linear objective function, subject to linear equality and linear inequality constraints.