On Jan. 2, Callie Taylor invests $40,000 into the business in exchange for common stock. She journalize the transaction as follows but something is wrong with the journal entry. Use your knowledge of what a correct journal entry should look like to identify everything that is wrong.

What is the most important type of decision that the financial manager makes?

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

The big black bird company (bbc) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. working the normal two shifts of 4040 hours each per week, the bbc production process usually produces 2 comma 6002,600 uniforms per week at a standard cost of $125125 each. 7070 employees work the first shift and 3030 the second. the contract price is $240240 per uniform. because of the urgent need, bbc is authorized to use around-the-clock production six days per week. when each of the two shifts works 7272 hours per week, production increases to 4 comma 2004,200 uniforms per week but at a cost of $160160 each.