An important aspect of building a diverse team is to select members from different educational backgrounds and business specialties.

In "drum, buffer, rope," the ________ acts like kanban signals.

Liabilities are debts owed by the business entity.

a)Prepare a classified balance sheet for Martin Air Freight based on the adjusted trial balance shown below.
b)Prepare the required closing entries.

* $2,000 of the long-term note payable is due during the next year.

Neehara, who is being given the responsibility to meet certain sales targets for next year, is preparing a list of measures she will take to reach these targets. Her list includes such specific action items as preparing a log, checking the quality of inputs and outputs, pricing, and details about his advertising strategy. In this scenario, which of the following is Neehara creating?

A) goal
B) policy
C) plan
D) concept
E) objective

Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:Sales are budgeted at $330,000 for November, $300,000 for December, and $320,000 for January.Collections are expected to be 85% in the month of sale and 15% in the month following the sale.The cost of goods sold is 60% of sales.The company desires an ending merchandise inventory equal to 80% of the cost of goods sold in the following month.Payment for merchandise is made in the month following the purchase.Other monthly expenses to be paid in cash are $21,200.Monthly depreciation is $21,000.Ignore taxes.
Required:a. Prepare a Schedule of Expected Cash Collections for November and December.b. Prepare a Merchandise Purchases Budget for November and December.c. Prepare Cash Budgets for November and December.d. Prepare Budgeted Income Statements for November and December.e. Prepare a Budgeted Balance Sheet for the end of December.