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A corporation has 12,000 shares of $20 par value stock outstanding that has a current market value of $150. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately $50.
WIP Inventory
Work-in-Process (WIP) Inventory consists of materials and components that have begun their transformation process but are not yet completed products.
Longest Processing Time
A rule used in scheduling that prioritizes jobs or tasks according to those with the longest duration first.
Lateness
The state of being late or delayed in comparison to a predetermined schedule or deadline.
Job Due Date
The specified deadline by which a job, task, or project is to be completed or delivered.
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