For Each of the Following Items Identify Whether It Is

question 100

Essay

For each of the following items identify whether it is spoilage, reworked units, or scrap.
________a.Defective shirts sold as seconds
________b.End cuts from suit-making operations that are discarded
________c.Edges from plastic moldings that is a low value byproduct
________d.Carpets sold as seconds in a factory outlet at a deep discount
________e.Precision tools that are not built successfully to the necessary tolerance,
but which can be successfully converted to a saleable product
________f.Rock extracted as a result of mining processing
________g.Complex defective products such as semiconductors

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Definitions:

Call Provision

Right of the issuer to buy a bond back from the investor before maturity at a specified price.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage.

Mortgage Pass-Through

A type of security that pools mortgage loans and passes the principal and interest payments from borrowers to investors.

Mortgage Loans

Long-term loans used to purchase real estate property, secured by the property itself.