The marketing manager of the ABC Commercial Company has approached you, the quality manager, to discuss the bottle-filling operation for one of the company’s top-selling product lines. The bottle-filling process is designed to dispense of 48 ounces of liquid; however, there is variation in the filling process. Based on historical data, it has been determined that the filling operation can be modeled using a normal distribution with a mean of 48.25 ounces and a standard deviation of 0.75 ounces. A contract with your top customer (125,000 units/year) states that a $2.50 penalty will be assessed for any units that contain less than 47.75 ounces. Based on the current operation, and the information provided, what penalty can you expect to incur over the course of a year?

Which one of the following is a characteristic of a jit partnership? a. frequent deliveries in large lot quantities b. removal of incoming inspection c. third-party logistics never used d. maximal product specifications imposed on supplier e. active pursuit of vertical integration

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)