Use the Following Information to Answer the Question(s)below

question 19

Multiple Choice

Use the following information to answer the question(s) below.
The town of Mayberry receives a gift of $500,000 in bonds.The contributor instructs that the principal should remain intact,but the annual interest income of $50,000 can be used for the maintenance of the zoo animals.
-Governments must record a liability for uncollected taxes instead of revenues for uncollected taxes if the taxes are going to be collected

• A)30 days after the fiscal year end.
• B)45 days after the fiscal year end.
• C)60 days after the fiscal year end.
• D)15 days after the fiscal year end.

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Definitions:

Mass Production

The manufacturing of large quantities of standardized products, often using assembly line technology and machinery, to achieve economies of scale.

Intensive

Involving concentrated effort or resources in a focused area to achieve certain goals or outcomes.

Flexible Manufacturing

A system that allows for quick and efficient adjustments to production processes in order to accommodate changes in product design or demand.

Agile Manufacturing

A highly flexible production approach aimed at adapting quickly to market changes and customer demands while maintaining high quality and cost-effectiveness.