Examlex
Comma Manufacturing budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2016 to June 30, 2017: Three kilos of raw materials are needed to produce each unit of finished product. If Comma Manufacturing plans to produce 560,000 units during the 2016-2017 fiscal year, how many kilos of materials will the company need to purchase for its production during the year?
Formalities
Specific procedures or requirements mandated by law or custom that must be observed to validate a legal document, agreement, or transaction.
Fraud
The wrongful or criminal deception intended to result in financial or personal gain.
Per Stirpes
A method of distributing an intestate’s estate so that each heir in a certain class (such as grandchildren) takes the share to which her or his deceased ancestor (such as a mother or father) would have been entitled.
Distribute
To allocate or spread out resources or goods across different recipients or areas.
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