Author Question: Buster's Hot Dogs bought supplies on credit from a supplier. The amount the firm owes to the ... (Read 81 times)

saraeharris · **on:** Jul 14, 2018

Buster's Hot Dogs bought supplies on credit from a supplier. The amount the firm owes to the supplier is known as:
A) long-term liabilities.
B) loans payable.
C) accounts receivable.
D) accounts payable.
E) accrued expenses.

Question 2

McDonald's makes many different types of sandwiches, including hamburgers, chicken sandwiches, a fish sandwich, and others. The fast food restaurant also offers many other menu items. The kitchen is organized in a way that makes the production process efficient. In addition, members of McDonald's staff are responsible for various parts of the production process: one person may cook the hamburgers while another person assembles and wraps the sandwich.

Which of the following would be considered a production input in the McDonald's example?
A) Creating a timeline that details how long each step in the sandwich assembly process should take
B) Sandwich assembly
C) A Big Mac meal
D) Frying French fries in oil
E) Creating a new sandwich for the menu