On April 4, Angola Company (AC) sold chairs to one of its customers for $65,000 on credit terms of 3/15, net 30. On April 8, the customer contacted AC to say that the chair colours did not match their original order. AC reached an agreement with the customer to keep the shipment and AC granted the customer a price reduction of $3,000. The customer paid the outstanding bill on April 15. The journal entry to be made by AC on April 15 is:

Employees who are paid to complete a task, such as build a house, are paid on a(n) basis

Henry crouch's law office has traditionally ordered ink refills 7070 units at a time. the firm estimates that carrying cost is 4545% of the $1212 unit cost and that annual demand is about 245245 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal? its action would be optimal given an ordering cost of $nothing per order (round your response to two decimal place

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.