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Given the following data, construct a material requirements plan which will result in 100 units of Parent #1 (P1) at the beginning of week 6, and 200 units of Parent #2 (P2) at the beginning of week 8:
B.
Credit Balance
The amount that a company or individual owes to creditors; in accounting, it indicates a balance on the right side of a ledger for liability, revenue, or equity accounts.
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.
Statement of Income
A financial report summarizing the revenues, expenses, and profits/losses of a company over a specified period, also known as an income statement.
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