The Following Is a List of Various Departments in a Diesel

question 6

Short Answer

The following is a list of various departments in a diesel engine manufacturing/rebuilding facility. The company makes diesel engines for the locomotive industry. It also remanufactures its own previously built engines that need to be overhauled after several years of use. Classify each department below as either a support department or a production department.a.Support
b.Production
-Tooling Department-ensures that tools for all production areas are where they need to be to build the engines

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Definitions:

Sole Proprietor

An individual who owns and operates a business by themselves, without forming a corporation or a partnership, bearing full responsibility for the business's debts and obligations.

Schedule C

A form used by self-employed individuals or sole proprietors to report their business income and expenses to the IRS.

Ordinary Gain

Ordinary gain refers to the profit that arises from the sale of an asset or property, which is taxable at standard income tax rates.

Receivables

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.