Which of the Statements Below Is TRUE

question 68

Multiple Choice

Which of the statements below is TRUE?

• A)The increase in working capital accounts necessary to support a project also provides for cost increases at the end of the project.
• B)An increase in working capital can be brought about by an increase in inventory.
• C)Decreases in accounts receivables constitute a use of cash flow because you are helping your customers finance their purchases.
• D)Decreases in accounts payable constitute a source of cash flow because you are using your suppliers to help finance your business operations.

Understand the principles and strategies of warehouse management, including cross-docking and work cells.

Recognize the importance and application of different layout types in operations management.

Grasp the concept of cycle time and how it is calculated and applied in production.

Develop knowledge about the Automated Storage and Retrieval System (ASRS) and its significance.

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Definitions:

Taxable Income

The amount of an individual's or corporation's income used to determine how much tax is owed to the government in a given tax year.

Schedule L

Schedule L is a tax form used by certain businesses to report their balance sheet details to the IRS, including assets, liabilities, and equity.

Schedule M-1

A form used by corporations filing U.S. federal corporate income taxes to reconcile financial statement income with tax return income.

Total Receipts

The total amount of money received by a business during a specific period, including sales, income, donations, and other forms of revenue.