Answer:
July 1, 2020
Debit : Accounts Receivable $69,000
Credit : Sales $69,000
July 9, 2020
Debit : Cash $62,100
Debit : Discount allowed $1,380
Credit : Accounts Receivable $69,000
Explanation:
Note : Remove the discount from final payment.
The required journal entries for Swifty Co have been prepared above.
Michael's team is trying to determine how they can process shipments more quickly.
He has convened a large group to come up with some ideas, but only a few people pleaare driving the conversation. Which rule of good brainstorming is this violating?
O a) All ideas are recorded
b) No one may criticize another person's idea
c)
Evaluate ideas after everything is on the table
d) Make sure everyone participates
Please no links!! Thx
Answer:
its D
Explanation:
because not all people are talking and only a few are driving it, that makes the answer D.
The rule of a good brainstorming that is being violated is that making sure that everyone is participating by sharing their ideas. Hence, option D is correct.
What is brainstorming?Brainstorming refers to as a session in which a group of people are involved to discuss an important topic and coming at an effective solution when people share their own ideas.
In order to ensure an ideal brainstorming session, it is advisable for Michael's team to ensure that everyone participating in the session put forth their ideas.
Hence, option D holds true regarding brainstorming.
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You are considering a project that requires an initial investment of $98,000 with a cost of capital of 14%. You expect the project to have a five-year life, and produce cash flows of $19,000 in year 1, $32,000 in year 2, $64,000 in year 3, $26,000 in year 4 and $10,000 in year 5. What is this project’s net present value? Group of answer choices
Answer:
NPV= 7,076.59
Explanation:
Giving the following information:
Initial investment= $98,000
Cash flows:
Cf1= 19,000
Cf2= 32,000
Cf3= 64,000
Cf4= 26,000
Cf5= 10,000
To calculate the NPV, we need to use the following formula:
NPV= -Io + ∑[Cf/(1+i)^n]
∑[Cf/(1+i)^n]:
Cf1= 19,000/1.14= 16,666.67
Cf2= 32,000/1.14^2= 24,622.96
Cf3= 64,000/1.14^3= 43,198.18
Cf4= 26,000/1.14^4= 15,394.09
Cf5= 10,000/1.14^5= 5,193.69
∑[Cf/(1+i)^n]= 105,076.59
Now, the NPV:
NPV= -98,000 + 105,076.59
NPV= 7,076.59
Identify the cultural differences between Greece and Switzerland as per the GLOBE project
your answer is here
Wang co manufactures and sells a single product that sells for 640 per unit; variable costs are 352 per unit. Annual fixed costs are 985500. Current sales volume is 4390000. Management targets an annual pretax income of 1315000. Compute the dollar sales to earn the target pretax net income
Answer:
Break-even point (dollars)= $5,112,222.22
Explanation:
Giving the following information:
Selling price= $640
Unitary variable cost= $352
Fixed costs= 985,500
Desired profit= $1,315,000
To calculate the sales in dollars to be sold, we need to use the following formula:
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
contribution margin ratio= (640 - 352) / 640= 0.45
Break-even point (dollars)= (985,500 + 1,315,000) / 0.45
Break-even point (dollars)= $5,112,222.22
All of the following are unacceptable ways to sit during an interview except.
A. with your legs stretched out in front of you.
B. with your legs crossed at the ankles.
C. sitting cross-legged.
D. with your legs crossed at the thigh.
Answer:
With your legs crossed at the ankles
Explanation:
B
At the end of the current year (before adjusting entries), Autumn Corporation had a balance of $76,000 in Accounts Receivable and a credit balance of $11,000 in Allowance for Uncollectible Accounts. Service revenue (all on credit) for the year totaled $490,000.
Requirement 1:
Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Vacay Corporation estimates its uncollectible-account expense using a rate of 5% of credit sales.
What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
Requirement 2:
Now assume that Vacay Corporation uses the aging-of-receivables method. Vacay Corporation estimates that its Allowance for Uncollectible Accounts should have a credit balance of $27,000.
Calculate the amount of its Uncollectible-Account Expense.
What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
Answer:
?????????
Explanation:
why is education considered as an investment
Madzinga's Draperies manufactures curtains. A certain window requires the following: Direct materials standard 9 square yards at $5 per yard Direct manufacturing labor standard 5 hours at $10 During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $69,300. Direct labor totaled 7,600 hours for $80,560.
Required:
a. Compute the direct materials price and efficiency variances for the quarter.
b. Compute the direct manufacturing labor price and efficiency variances for the quarter.
Answer:
Results are below.
Explanation:
To calculate the direct material price and quantity variance, we need to use the following formulas:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (5 - 4.95)*14,000
Direct material price variance= $700 favorable
Actual price= 69,300 / 14,000= $4.95
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (9*1,500 - 14,000)*5
Direct material quantity variance= $2,500 unfavorable
To calculate the direct labor rate and efficiency variance, we need to use the following formulas:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (5*1,500 - 7,600)*10
Direct labor time (efficiency) variance= $1,000 unfavorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (10 - 10.6)*7,600
Direct labor rate variance= $4,560 unfavorable
Actual rate= 80,560 / 7,600= $10.6
Swifty Corporation produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1.5 hour per unit, and the allowance for rest periods and setup is 0.5 hours and 0.4 hours, respectively. The standard direct labor hours per unit is:_________
Answer:
Swifty Corporation
The standard direct labor hours per unit is:_________
= 0.6 hours.
Explanation:
a) Data and Calculations:
Materials required per unit = 2.6 pounds
Allowance for waste per unit = 0.3 pounds
Allowance for spoilage per unit = 0.1 pounds
Standard materials per unit = 3 pounds (2.6 + 0.3 + 0.1)
Purchase price per pound = $1.96 ($2 - 0.04)
Freight costs per pound = $0.10
Receiving and handling costs per pound = $0.07
Hourly wage rate = $12 per hour
Possible raise in hourly wage = $0.30
Payroll taxes = $1.20 per hour
Fringe benefits average = $2.40 per hour
Standard production time per unit = 1.5 hour
Allowance for rest periods = 0.5 hours
Allowance for setup = 0.4 hours
The standard direct labor hours per unit = 0.6 hours(1.5 - 0.5 - 0.4)
The contemporary operations are relying more and more on advanced technology in order to maintain competitive in the market. For each of the following service industries, describe one technology application/ system and the benefit of adopting such
a. Fast Food
b. Hospital
c. Airport/ Airlines
d. Education
e. Warehousing
Answer:
A- Fast Food --- Delivery apps such as Uber Eats. These applications allow people to purchase food without showing up at the fast food outlet, which allows consumers to save time, for example, if they need to eat during working hours.
B- Hospital --- Online medical appointment system. It allows patients to coordinate medical appointments through the internet through a single system, avoiding the crowding of people in hospitals.
C- Airport/Airlines --- Offers search applications. They make the person who wants to buy a plane ticket get it at the best available price.
D- Education --- Distance online universities. They guarantee higher education for people who live in areas far from the urban centers where the universities are located.
E- Warehousing --- Online shopping applications such as Amazon. They allow consumers to purchase warehouse products online.
Select the correct text in the passage.
Which sentences in the passage describe the correct method of inventory planning?
Austin and Carter are managers in different warehouses. Austin plans his inventory such that he can have as large a stock of raw materials, work-in-process (WIP), and finished goods as possible. Carter plans his inventory so that the optimum quantity of raw materials, WIP, and finished goods allow for the smooth movement of
materials at each stage of production. Austin incurs a high inventory storage cost. Carter manages to keep the inventory storage cost low.
The sentences in the passage that describes the correct method of inventory planning is -Austin plans his inventory such that he can have as large a stock of raw materials, work-in-process (WIP), and finished goods as possible.
Carter plans his inventory so that the optimum quantity of raw materials, WIP, and finished goods allow for the smooth movement of materials at each stage of production.
What is inventory planning?Inventory planning is the process of determining the best quantity and timing of inventory to match sales and production capacity. Inventory management has an impact on a company's cash flow and profits while also contributing to an efficient supply chain.
Inventory planning assists businesses in purchasing the appropriate amount of stock and determining how frequently to reorder. Inventory planning reduces the costs of keeping items in stock while also ensuring that there is enough stock for making and selling items. Inventory planning is an important component of supply chain management.
Therefore, the first two sentences describe the correct method of inventory planning followed by Austin and Carter.
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Materials used by the Instrument Division of Ziegler Inc. are currently purchased from outside suppliers at a cost of $1,350 per unit. However, the same materials are available from the Components Division. The Components Division has unused capacity and can produce the materials needed by the Instrument Division at a variable cost of $900 per unit. a. If a transfer price of $1,000 per unit is established and 75,000 units of materials are transferred, with no reduction in the Components Division's current sales, how much would Ziegler Inc.'s total operating income increase
Answer:
the increase in the total operating income is $33,750,000
Explanation:
The calculation of the increase in the total operating income is given below:
= Material units × (outside supplier unit - variable cost per unit)
=75,000 units × ($1,350 - $900)
= $33,750,000
Hence, the increase in the total operating income is $33,750,000
We simply applied the above formula so that the correct amount could come
And, the same is relevant
Why should interest earned NOT be a factor with your emergency fund?
O Interest-bearing accounts at banks earns a high rate of interest, therefore, interest is not a concern.
It should be a factor.
O Inflation can eat up the interest earned.
O The emergency fund is not intended to grow wealth
Answer:
O The emergency fund is not intended to grow wealth
All Kiwi Ltd (a New Zealand-based company) has a wholly-owned subsidiary in Malaysia whose manager is being evaluated on the basis of the variance between actual profit and budgeted profit in New Zealand dollars (NZD). Relevant information in Malaysian ringgit (MYR) for the current year is as follows: Budget Actual Revenues MYR 12,000,000 MYR 11,000,000 Expenses 9,000,000 9,000,000 Current year actual and projected exchange rates between the New Zealand dollar (NZD) and the Malaysian ringgit (MYR) are as follows: Actual at time of budget preparation NZD 0.312 per MYR 1 Projected ending at time of budget preparation NZD 0.340 per MYR 1 Actual at end of budget period NZD 0.357 per MYR 1 Required: Calculate the total budget variance for the current year using a projected exchange rate (projected at the time the budget is prepared).
Answer:
Variance (Unfavorable) (NZD 340,000)
Explanation:
Budget Variance using exchange rate projected at the time of budget
Budget Actual Variance Exc. Rate Variance in NZD
MYR MYR
Revenue 12000000 11000000 -1000000 0.34 -340000
Expenses 9000000 9000000 0 0.34 0
Profit 3000000 2000000 -1000000 0.34 -340000
If the consumption function is defined as C = 5,500 + 0.9Y, what is the
autonomous level of consumption expenditure?
A. $4,950
B. $5,500
C. $6,050
D. $6,111
Answer:
Option B ($5,500) is the appropriate choice.
Explanation:
The given expression is:
⇒ [tex]C = 5,500 + 0.9Y[/tex]
At the zero (0) level of income, the consumption would be the Autonomous consumption.
then,
Y = 0
On substituting the value of "Y" in the given expression, we get
⇒ [tex]C=5,500+0.9(0)[/tex]
⇒ [tex]=5,500+0[/tex]
⇒ [tex]=5,500[/tex] (%)
Item Skipped Item 10 Assume a company makes four products (A, B, C, and D) in a single facility. Data concerning these products appear below: Product A Product B Product C Product D Selling price per unit $ 42.30 $ 50.00 $ 37.60 $ 33.50 Variable manufacturing cost per unit $ 20.80 $ 30.70 $ 21.00 $ 19.90 Variable selling cost per unit $ 2.70 $ 2.10 $ 1.00 $ 2.40 Milling machine minutes per unit 3.30 4.10 2.60 1.30 Monthly demand in units 1,000 4,000 3,000 3,000 The milling machines are the constraint in the production facility. A total of 14,000 minutes is available per month on these machines. Up to how much should the company be willing to pay for one additional minute of milling machine time if the company has made the best use of the existing milling machine capacity
Answer:
The company should be willing to pay less than $4.20 for one additional minute of milling machine time.
Explanation:
a) Data and Calculations:
Product Product Product Product
A B C D
Selling price per unit $42.30 $50.00 $37.60 $33.50
Variable manufacturing cost per unit $20.80 $30.70 $21.00 $19.90
Variable selling cost per unit $2.70 $2.10 $1.00 $2.40
Total variable costs per unit $23.50 $32.80 $22,00 $22.30
Contribution per unit $18.80 $17.20 $15.60 $11.20
Milling machine minutes per unit 3.30 4.10 2.60 1.30
Contribution per minute $5.70 $4.20 $6.00 $8.62
Monthly demand in units 1,000 4,000 3,000 3,000
Minutes required 3,300 16,400 7,800 3,900
Best use of existing minutes 2,300 0 7,800 3,900
Additional minutes required 1,000 16,400 0 0
Total minutes required = 31,400
Minutes available = 14,000
Minutes to buy = 17,400
Lost contribution from:
Product A = (1,000 * $5.70 = $5,700
Product B = (16,400 * $4.20 = 68,880
Total lost contribution $74,580
Required time to produce lost contribution = 17,400
Estimated to pay for additional minute = $4.29 ($74,580/17,400)
Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200. Garcia sells the equipment for cash. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,600 cash, (2) $38,400 cash, and (3) $33,300 cash. Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash.
Answer:
1. Cash Debit $ 47,000
Accumulated Depreciation equipment Debit $ 40,800
Gain on sale of equipment Credit $ 11,000
Equipment Credit $ 76,800
To record sale of equipment for $ 47,000 and gain on sale of $ 11,000
2. Cash Debit $ 36,000
Accumulated Depreciation equipment Debit $ 40,800
Equipment Credit $ 76,800
To record sale of equipment for $ 36,000
3. Cash Debit $ 31,000
Accumulated Depreciation equipment Debit $ 40,800
Loss on sale of equipment Debit $ 5,000
Equipment Credit $ 76,800
To record sale of equipment for $ 31,000 and loss on sale of $ 5,000
Explanation:
Computation of net book value
Cost of equipment $ 76,800
Less: Accumulated depreciation $ 40,800
Net book value $ 36,000
In first step where the equipment is sold of $ 47,000, the differential between the sale value and the net book value is the gain on sale and is credited in the accounting entry.
In the second step, where the equipment is sold for $ 36,000, the sale proceeds is exactly equal to the net book value and no gain or loss is recorded.
In the third step, the equipment is sold for $ 31,000 and the differential between the net book value and the sale proceeds is a loss and recorded as a debit in the accounting entry
The is recorded as Book value of old equipment = $81,600 − $43,200 =38,400 which is consider as Cash.
What is depreciation?As a result of use, damage, or obsolescence, an asset's monetary worth drops in value over time indicating depreciation. This depreciation cause due wear and tear, expiration, or consumption.
The calculation for the sale of equipment is attached with the answer.
Therefore, the Gain on sale of Equipment is calculated as 12,200 and the Loss on sale of equipment as 5,100 under separate cases.
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15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 70 gallons of Purple Paint every week (for 52 weeks per year). Their current policy is that when they place an order for Purple Paint from their supplier, they order 90 gallons at a price of $4.00 per gallon. [The company does not hold Safety Stock] It takes 2.50 weeks to receive an order from the supplier. Administrative costs for Ordering paint have been estimated to be $35 per order. Holding Costs = 40% of the purchase price per gallon per year. What is the Total Annual Inventory Cost for the company's current policy?
Answer: $1,487.56
Explanation:
Total annual inventory cost = Ordering cost + Inventory Holding cost
Ordering cost = Number of orders * ordering cost
= (Annual demand / Order quantity) * 35
= ((52 weeks per year * 70) / 90) * 35
= $1,415.56
Inventory holding cost:
= Average inventory * holding cost
= (90 gallons / 2) * (40% * 4)
= $72
Total annual inventory cost = 1,415.56 + 36
= $1,487.56
On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 2,200 and 3,000 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated.
Answer:
$7000
$7000
b. 15,000
7500
6160
8400
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(30,000 -- 20,000) / 4 = 7,000
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
2/4 x 30,000 = $15,000
2022 = 2/4 x (30,000 - 15,000) = 7500
Activity method based on hours worked = (hours worked that year / total hours of the machine) x (Cost of asset - Salvage value)
I NEED HELP ASAP
Type the correct answer in the box. Spell all words correctly.
What is the advantage of employing more than one sales channel?
Employing more than one sales channel is useful to lessen the ______ that arise from dependence on specific clients or markets.
Answer:
The risks
Explanation:
That is what goes in the blank
Answer:
risks
Explanation:
correct on edmentum
Santiago Incorporated has a constructing company in which he does major constructing jobs and also leases his heavy-duty equipment to help supplement his income. His cash account is very important in the running of both of his businesses as he uses the accrual basis of accounting . What method would you suggest that Jay Santiago use for recording cash flow from operating activities and why?
Answer:
"Direct Method" is the right answer.
Explanation:
The direct approach provides a clearer overview of how a company receives currency. And therefore it is regarded as equivalent to the alternative manner.Compared to the price of something like the money market account throughout the particular circumstance, the above direct method of registering cash balance somewhat from operations would be advised.Which of the following activities might you consider adding a time buffer to? Activities with scarce resources Activities with severe risks Merge activities that are prone to delays Noncritical activities with very little slack You might consider adding a time buffer to any of these activities.
Answer:
You might consider adding a time buffer to any of these activities.
Explanation:
Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.
Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.
Furthermore, the main purpose of project management is working toward a common goal.
This ultimately implies that, project managers should ensure adequate attention and time is taken to identify, analyze and manage capital, raw materials, people, system of tasks and other resources, so as to effectively and efficiently achieve a common goal with all project stakeholders.
A time buffer also referred to as slacks or lag can be defined as the additional amount of time added to a project in order to keep it on track and/or flexible.
Generally, in the execution of a project, when a task is delayed it normally affects the start or finishing time of the other tasks (successors) in a project. The amount of time that is permitted for an activity to be delayed without delaying the early start date of any immediately following (succeeding) activities refers to free slack, which is capable of having an adverse effect on entire project.
A project manager might consider adding a time buffer to any of the following activities;
I. Activities with scarce resources.
II. Activities with severe risks.
III. Merge activities that are prone to delays.
IV. Noncritical activities with very little slack.
Mr. and Mrs. Maxwell are equal partners in Family partnership. The Maxwell's marginal tax rate is 35%. Next year, the partnership is expected to generate $200,000 of ordinary income. The Maxwells are considering transferring 20% interests in the partnership to each of their children. Their daughter, Melissa, has a 12% marginal tax rate. Their son, Mark, has a 22% marginal tax rate. Calculate the expected annual tax savings to the family from the proposed transfer of partnership interests.
Answer:
The right answer is "$14,400". A further solution is provided below.
Explanation:
The given values are:
Ordinary income,
= 200,000
Maxwell's marginal rate,
= 35%
Melissa's marginal rate,
= 12%
Mark's marginal rate,
= 22%
Now,
Form transfer to Melissa, the savings will be:
= [tex]200000\times .2\times (35 - 12) \ percent[/tex]
= [tex]920 0[/tex] ($)
Form transfer to Mark, the savings will be:
= [tex]200000\times .2\times (35-22) \ percent[/tex]
= [tex]5200[/tex] ($)
hence,
The expected annual tax savings will be:
= [tex]9200+5200[/tex]
= [tex]14,400[/tex] ($)
Assume your home is assessed at $200,000. You have a $165,000 loan for 15 years at 8 percent. Your property tax rate is 1.3 percent of the assessed value. In year one, you would pay $13,200 in mortgage interest and $2,600 in property tax (1.3 percent on $200,000 assessed value). Assuming you are in a 28 percent tax bracket, by what amount would you have lowered your federal income tax
Answer:
$4,424
Explanation:
Calculation to determine what amount would you have lowered your federal income tax
Using this formula
Reduction in Federal income tax amount = (Mortgage interest + Real estate taxes) x Tax rate
Let plug in the formula
Reduction in Federal income tax amount= ($13,200 + 2,600) x 0.28
Reduction in Federal income tax amount=$15,800×0.28
Reduction in Federal income tax amount = $4,424
Therefore The amount that you would have lowered your federal income tax is $4,424
Situational Software Co. (SSC) is trying to establish its optimal capital structure. Its current capital structure consists of 40% debt and 60% equity; however, the CEO believes that the firm should use more debt. The risk-free rate, rRF, is 4%; the market risk premium, RPM, is 6%; and the firm's tax rate is 40%. Currently, SSC's cost of equity is 15%, which is determined by the CAPM. What would be SSC's estimated cost of equity if it changed its capital structure to 50% debt and 50% equity
Answer:the Cost of equity when the capital structure is changed to 50% debt and 50% equity is 16.546%..
Explanation:
Let the Beta be x
Cost of equity (CAPM) = risk free rate + Beta (Market risk premium)
15% = 4% + x (6%)
15%-4% = x (6%)
11% = 6%x
x = Beta =11%/6%=1.83
Debt Equity ratio
= Debt /Equity
=40% ÷ 60%
= 0.667
Beta levered = Beta unlevered [1 + (1 - tax rate) Debt equity ratio]
1.83= Beta Unlevered [1 + (1 - 40%) × 0.667)]
1.83= Beta Unlevered [1 +60% x 0.667)
1.83= Beta Unlevered (1.4002)
Beta unlevered = 1.83/1.4002=1.3069
Now when debt =50% and equity = 50%
The Beta at new required capital structure would be
Debt Equity ratio
= Debt ÷ Equity
=50% /50%
= 1
Beta levered = Beta unlevered (1 + (1 - tax rate) Debt equity ratio)
Beta levered = 1.3069 (1 + (1 - 40%) × 1)
Beta levered = 1.3069(1 +0.6
Beta levered = 2.09104
CAPM Cost of equity = risk free rate + Beta ( Market risk premium)
Cost of equity = 4% + 2.09104 (6%)
Cost of equity = 13.04%
Therefore, the Cost of equity when the capital structure is changed to 50% debt and 50% equity is 16.546%.
Beginning investments should be?
Answer:
Investment Beginner
There are plenty of investments for beginners, including mutual funds and robo-advisors.
…
Here are six investments that are well-suited for beginner investors.
401(k) or employer retirement plan.
A robo-advisor.
Target-date mutual fund.
Index funds.
Exchange-traded funds (ETFs)
Investment app
Explanation:
Identify the relevant total quality management (TQM) technique for each example or description in the following table.
Example/Description
1.When a defense company needed to create quality software, they brought representatives from the Quality Assurance (QA) group in to work with software and systems engineers. The QA group found that peer reviews were the best way to catch software bugs, and they shared their knowledge with the head of software engineering. Working together with the engineers, the QA group started a system of peer reviews and formal inspections, and together, the group decreased the number of problems in the software the company produced.
A. Quality partnering
B. Continuous improvement
C. Quality circle
D. Benchmarking
2.Wausau Window and Wall Systems started this process with a commitment from the CEO that he and all other managers in the company would be trained in program fundamentals. Using this problem-solving methodology, Wausau relentlessly pursued higher quality and lower costs at its window trim plant. Intensive analysis led to a redesigned workflow that improved productivity by 100%.
A. Benchmarking
B.Continuous improvement
C. six sigma
D. Quality circle
3. At the Franklin Steel Products Plant in Franklin, Kentucky, employees from the Dana Corporation’s Perfect Circle Products unit manufacture as many as 3,500 different part numbers, primarily for automakers Ford, General Motors, and DaimlerChrysler, as well as thousands of after-market products. Despite the high-volume, high-mix environment, Dana Franklin has maintained a 99% on-time delivery rate to customers since 2001. The philosophy here is that with each unit produced, with each hour, with each day and each week, the plant gets just a little bit better.
A. Six Sigma
B. Quality circle
C. Continuous Improvement
D.Benchmarking
4.Which of the following factors is likely to have a negative impact on the success of a TQM program? Check all that apply.
A. TQM motivates employees and enriches jobs.
B. Middle managers fear that they will lose their authority.
C.Managers expect to see dramatic innovations as a result of TQM.
D. Employees are dissatisfied with working conditions.
Answer:
Following are the responses to the given choices:
Explanation:
In question 1 the answer is "Choice A" because this technology and creation of such technology staff are more knowledgeable but interacting within their various organizations is necessary to understand a business strategy to build appropriate solutions. In the current context Interplay with QA service also helped to provide the best options. In question 2 the answer is "Choice C" because it simply put, six-sigmas can identify which areas of changes related to the production system using the resources at the lowest cost possible. It is beneficial at a cheaper price. In question 3 the answer is "Choice C" because The Efficiency on a continuous basis by evaluating all of the areas necessary Its change by optimal use of that was a sign of high potential growth and development.In question 4 the answer is "Choice B, C, and D" TQM represents Total Quality Management, which indicates that it considers all areas necessary to improve and advance in general.Suppose the production of roses generates a positive externality in that travelers enjoy the scenic rural vistas where roses are grown. Then the market price of roses: a. is less than the marginal social benefit of roses. b. is more than the marginal social benefit of roses. C. equals the marginal social benefit of roses. d. is less than the marginal social cost of roses. e. is greater than the marginal social cost of roses.
Answer:
is less than the marginal social benefit of roses
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. A good has positive externality if the price of the good is less than its marginal social benefit. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the price of the good is less than the marginal social cost of the good
5) In class we discussed different shocks; for each of the following, describe how monetary policymakers would respond (if at all) to stabilize economic activity. a. A reduction in autonomous consumption. related to consumer spending. b. An increase in government expenditures. c. An appreciation of the dollar relative to other currencies.
Answer:
a) monetary policy will be eased
b) Monetary policy will be tightened
c) Monetary policy will be eased
Explanation:
A) A reduction in autonomous consumption
A reduction in autonomous consumption will cause the monetary policy makers to apply an autonomous easing of monetary policy and this is to help balance the economy because of the reduction seen in aggregate demand
b) An increase in government expenditures
An increase in government expenditures will result in an increase in demand hence monetary policy will be made tighter in order to balance the economy activities
c) An appreciation of the dollar
when the dollar appreciates relative to other currencies the effect is that there will be a decrease in exports and increase in imports, hence the monetary policymakers will apply an autonomous easing of monetary policy to help balance economic activities
an industrial oven and fryer is an example of which factor of production?
a. land
b. labor
c. capital
d. more than one type is correct
Answer:
I believe this is C. capital
Answer:
C
Explanation:
Capital