C) A method for determining the materials and components needed to manufacture a product is known as material requirements planning (MRP).
There are three main steps in it: taking a look at the materials and parts that are already there, figuring out which ones are needed more, and then setting up when they will be made or bought.
What exactly is an MRP manufacturing system?
Material requirements planning, or MRP for short, is a business-oriented software-based integrated inventory and supply management system. MRP is used by businesses to schedule production and deliveries, estimate raw material quantities, and keep track of inventory levels.
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andres has an adjustment difference between the amount of depreciation allowed on his california tax return. which form would andres use to report the difference?
Andres has an adjustment difference between the amount of depreciation allowed on his California tax return. He would use form FTB 3885A to report the difference
For businesses, including partnerships and limited liability companies (LLCs) that are classed as corporations, the California depreciation and amortisation deduction is calculated using the form FTB 3885. The annual deduction known as depreciation is given to recover the cost or other basis of commercial or income-producing property with a determinable useful life of more than one year.
Depreciation is typically employed in relation to tangible property. Andre's adjustment difference between the amount of depreciation allowed on his California tax return would be reported using Form FTB 3885A. Changes to previously filed returns, notably those involving depreciation estimates, are made using this form.
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when it comes to network goods, being one of the first companies in a market seems to really pay off. group of answer choices true false
When it comes to network goods, being one of the first companies in a market can provide significant advantages. Network goods are products or services that have value that increases as more people use them. A well-known example of a network good is the telephone, where having more people with telephones increases the value of having one to each individual. In the early stages of a network good market, the first companies to enter the market can often establish themselves as market leaders, as they are able to gain a large customer base early on. This can make it difficult for later entrants to compete, as the network effects of the early leader's customer base can create a significant barrier to entry.
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which type of value concerns depreciated replacement cost of the structure? a) assessed b) investment c) insurable d) liquidation
Liquidation is a type of value concerns depreciated replacement cost of the structure. Thus, the correct answer is option D.
What is liquidation?In finance and economics, liquidation is the process of closing a business and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, which means it is unable to pay its obligations on time.
As the company's operations come to an end, the remaining assets are used to pay creditors and shareholders in the order of their claims. General partners are at risk of liquidation.
Therefore, option D is correct.
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which of the following are differences between manufacturing and service aggregate planning? multiple select question. it can be more difficult to measure or define capacity availability in services. employees in services are often able to handle a wider variety of tasks, making labor a little more flexible. demand for both manufacturing and services is equally variable. services cannot be inventoried.
What is the major planning difference between manufacturing and services?
Planning for manufacturing and services differs in the following ways:
The measurement and definition of capacity availability in services might be more challenging. The number of units that can be produced per hour or shift in manufacturing can be used to gauge capacity availability. As it may vary depending on the number of service points, the number of service points' availability, personnel availability, and other factors, capacity availability in services can be more challenging to describe.Services workers frequently have a larger range of skills, which gives labour a bit more flexibility. Employees in the manufacturing industry frequently specialise in particular activities or procedures. It may be simpler to adapt to changes in demand or capacity availability in the service sector since personnel may be capable of doing a larger range of jobs.Demand is not as erratic for goods as it is for services. Service demand can be more erratic and can change depending on the requirements and preferences of clients, whereas manufacturing demand might be more predictable based on prior sales, seasonal trends, and lead times.Services can't be included in an inventory. Contrary to manufactured products, which may be kept and sold at a later date, services must be utilised at the moment they are generated. As a result, service providers must be able to instantly match capacity with demand.Overall, there are major differences between aggregate planning for manufacturing and services. While services are more changeable, manufacturing is more predictable. While services cannot be inventoried, manufacturing can, and it might be harder to quantify capacity availability in services.
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van is training for a biathlon, a winter racing sport that combines cross-country skiing and rifle shooting. consider the following scenario: van has only 15 hours available to devote to his training this week. each hour he spends skiing is one hour that cannot be spent working onhis shooting. which basic principle of individual choice do these statements best illustrate? people face trade-offs. van can use time most efficiently by spending the same amounts of time on skiing and shooting. people usually exploit opportunities to make themselves better off. van has an incentive to spend more time on skiing than on shooting.
Van has an incentive to spend more time on skiing than on shooting, It best illustrates principle of individual choice.
What kind of incentive is this?These incentives can take the form of extended vacation time, presents, family benefits, or even work-related perks like projects, to name a few. Because people feel more valued for their work, rewards like these have a tendency to increase job satisfaction among employees.
Is motivation constructive or destructive?Positive rewards include cash, hugs, stickers, and field excursions. You should purchase these items. "Penalties" are unfavorable incentives that worsen people's circumstances. Negative incentives include missing PE class, giving up TV time, and not swimming. You don't want these things to occur.
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your team just finished their second iteration and some features were not delivered as expected. the product backlog is growing. the project is expected to be complete after 10 iterations, but at this pace, you have major concerns. what should the team do?
Analyzing the stakeholder's needs and expectations while reviewing the ground rules
Who or what is a stakeholder?Individuals, people, or organizations that are directly or indirectly impacted by a project, product, service, or business are considered stakeholders. Stakeholders consequently have an impact on both the how a firm does business.
What part does a stakeholder play?The Function of a Stakeholder A stakeholder's main responsibility is to provide their experience and viewpoint to a project in order to aid the organization in achieving its strategic goals. They can also offer the tools and resources needed. A project depends on their support.
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tristan owns a local flower shop. his customers are already finding him online, but he's curious whether my business can do more than just list his phone number and address. how can my business help tristan engage his customers?
I can help Tristan manage his customers by responding to online reviews made by customers about his business.
What is meant by management?Management is the administration of a group of people, a company, a nonprofit organization, or a government agency.
Management is the organization and coordination of activities to effectively and efficiently achieve a goal for a person or an organization.
Planning, organizing, staffing, directing, and controlling are some of management's responsibilities.
What do most small businesses need help with?Common Small Business needs help with:
1. Finding Customers.
2. Increasing Brand Awareness.
3. Building an Email List.
4. Lead Generation.
5. Managing Customers.
6. Hiring Talented workers.
7. Managing Workflow.
8. Financial Planning.
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Choose whether these descriptions go with Monetary policy or Fiscal policy. controlling supply of money changing the discount rate that the Federal Reserve charges for money borrowed by member banks creating a demand for goods and services raising taxes to slow the economy down basing the economy on surplus or deficit spending lowering the reserve ratio to encourage more lending of money spending more than the government takes in
Controlling supply of money changing the discount rate that the Federal Reserve charges for money borrowed by member banks creating a demand for goods and services raising taxes to slow the economy down basing the economy on surplus or deficit spending lowering the reserve ratio to encourage more lending of money spending more than the government takes in. These go with Monetary policy.
What is Monetary Policy?A nation's overall money supply is managed by monetary policy, which also aims to promote economic growth. Interest rate changes and adjustments to bank reserve requirements are examples of monetary policy strategies. It is conventional to categorise monetary policy as either expansionary or restrictive. In order to ensure price stability and public confidence in the value and stability of the country's currency, the monetary authority of a country adopts a policy known as monetary policy. This policy aims to control either the money supply or the interest rate payable for very short-term borrowing, which refers to borrowing by banks from one another to meet their short-term needs.
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use the shortest operation time rule to schedule these jobs. what is the schedule? what is the mean flow time? b. the boss does not like the schedule in part (a). jobs e and g must be done first, for obvious reasons. (they are already late.) reschedule and do the best you can while scheduling jobs e and g first and second, respectively. what is the new schedule? what is the new mean flow time?
The shortest operation time criterion is used to schedule these activities, with Mean Flow Time = 196/8 = 24.500 and Mean Flow Time = 217/8 = 27.125 respectively.
Flow time: What does that mean?The Flowtime method is a time management strategy for anyone who need to focus deeply on their work, including designers, developers, students, and everyone else. It entails choosing a task, focusing on it until you become exhausted, and then pausing. You keep doing this until the job is done.
What makes flow time crucial?The ambiguity around time measurement in software delivery is clarified by Flow Time. Lead and cycle time are the two primary measures utilized in lean manufacturing for process optimization.
Job Process Time Completion Time Due Date Tardiness Slack
a b c d = b-c, if b>c c - a
G 13 13 -4 17 -17
E 6 19 -3 22 -9
F 1 20 9 11 8
B 2 22 3 19 1
C 7 29 15 14 8
H 9 38 11 27 2
A 10 48 11 37 1
D 12 60 13 47 1
217
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Lifesaver inc., a producer of personal protective equipment, trades on the tsx venture stock exchange at an ev/ebitda multiple of 4.0x. from performing a precedent transaction analysis, you note that recent acquisitions of similar companies have transacted at an ev/ebitda multiple of 6.0x. the following is not a valid potential reason for this discrepancy:
1-special purchaser considerations, such as synergies, being inherent in the precedent transaction multiples
2-the presence of a control premium within the ev/ebitda multiple implied by the acquisitions
3-multiples implied by precedent transactions are not relevant when considering publicly traded companies
4-the presence of an implied minority discount (a discount due to a lack of control in the company when purchasing shares in the open market) in the 4.0x ev/ebitda trading multiple
Multiples implied by precedent transactions are not relevant when considering publicly traded companies is not a valid potential reason for this discrepancy.
Option 3 is correct.
What exactly is a public company?Share. A company whose shares are traded on a stock exchange is known as a public company. An initial public offering (IPO) is typically how public companies sell shares to the public. A company can access the equity and debt markets by going public, making it easier to raise capital to support growth.
What is a publicly traded company's purpose?Almost every publicly traded company has always sought to generate as much profit as possible to increase shareholder value. However, a growing number of businesses have begun balancing this primary objective with other social and environmental objectives to better serve stakeholders and increase profits.
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According to Keynes, the level of economic activity is predominantly determined by the level of:A. Aggregate supply.B. Aggregate demand.C. Unemployment.D. Interest rates.
According to Keynes, the quantity of economic activity is primarily influenced by aggregate demand.
What is fiscal policy?Fiscal policy is the term used to describe how the government uses spending and taxation to influence the economy. Governments frequently utilize fiscal policy to promote strong, looooong growth and to reduce poverty.The two most important tools for implementing fiscal policy are taxes and expenditures. Taxes affect the economy by placing expenditure restrictions on both the government and the general public. For instance, the government may cut tax rates to encourage consumer spending.The word fiscal is derived from the Latin term fiscus, which meaning "basket" or "treasury". The fiscus, or emperor's treasury, was where money was actually kept in baskets and largely obtained through provincial taxes in ancient Rome.To learn more about fiscal policy refers to:
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An appreciating yen makes Japanese productsO more expensive in foreign markets.O less expensive in foreign markets.O more expensive in the Japanese market.O more expensive in both foreign markets and the Japanese market.
The extraordinary accuracy and quality that go into Japanese goods and services is one of the most frequently cited justifications for their high price.
Why Japanese products are expensive?This type of labour and the production of high-quality goods are only possible in Japan. Because of their devotion, patience, creativity, and accuracy, Japanese are able to do this. Engineers from Japan have a long history of being highly respected for their exceptional abilities abroad.
Having a high price or being expensive suggests that something is expensive.
The extraordinary accuracy and quality that go into Japanese goods and services is one of the most frequently cited justifications for their high price. Japanese culture places a high value on perfection and craftmanship, which is seen in the great items they produce.
Therefore, the correct answer is option a) more expensive in foreign markets.
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a sales associate just helped the walters find a new home. after the contract was accepted, the walters asked her to help them find a mortgage broker. the sales associate knows a broker who pays referral fees to real estate agents. can she refer the walters to that broker?
No, this is illegal under federal law. She is not permitted to direct the walters to that broker.
What exactly is meant by federal law?The body of legislation generated by a country's federal government is known as federal law. A federal government is created when a number of political entities, such as states or provinces, form a federation and delegate to the central government their individual sovereignty and many powers while keeping or reserving some restricted authorities. As a result, there are two or more tiers of governance inside a defined geographic zone. Federal law is the shared central government's body of law. Since 1789, Congress has adopted between 200-600 pieces of legislation for each of its 115 biennial sessions, totaling more than 30,000 statutes.
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All of the following information is required from an individual customer when completing a new account report form EXCEPT the customer's residential street address. the customer's employer's name and address. verification of the identity of the customer. the source of funds the customer deposits when opening the account.
The correct response is D. When completing a new account report form, each individual customer must provide a list of external brokerage account holding information.
How can a new cash account be opened?Naturally, the name of the customer is required to open a new cash account; For a proper suitability assessment, the customer's birthdate is required. The customer's citizenship because, if the customer is not a citizen of the United States, they must have a U.S. tax identification number and obtain a copy of their passport. To determine whether the customer works in the financial services industry, the customer's occupation is required. To open the account, additional documentation is required if this is the case.
Although a list of these external assets is not required to open an account, a company should inquire about other assets held outside of the company.
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why 2 brands in the same category that are essentially the same can have customers that are fanatically loyal to one or th eother
Because of the emotional connection they have with the brand, customers might be fanatically devoted to one brand over another in the same category.
Consumer loyalty is a favorable relationship that exists between a customer and a business. It is what motivates repeat purchases and convinces existing consumers to prefer your firm over a competition offering comparable advantages. One approach to consider loyalty is in terms of brand. People are loyal to a brand because they identify it with a pleasant experience, such as excellent customer service, a sense of belonging to the company's beliefs and ideals, or constant high product quality. It's not about a single product or service; loyalty develops over time as a result of several pleasant experiences that foster a sense of trust. It also does not imply that every encounter must be flawless.
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the president of real time inc. has asked you to evaluate the proposed acquisition of a new computer. the computer's price is $40,000, and it falls into the macrs 3-year class. purchase of the computer would require an increase in net operating working capital of $2,000. the computer would increase the firm's before-tax revenues by $20,000 per year but would also increase operating costs by $5,000 per year. the computer is expected to be used for 4 years and then be sold for $25,000. the firm's marginal tax rate is 40 percent, and the project's cost of capital is 14 percent. what is the operating cash flow in year 2?
The computer costs $40,000 and is categorized as a 3-year purchase. The cash flow from operation for the second year is $9,667.
Describe cash flow.The balance of money coming into and going out of an organization at a particular period is referred to as cash flow. A firm constantly receives and expends cash. For instance, when a retailer buys merchandise, money leaves the company and goes to its suppliers.
What makes cash flow crucial?A certain amount of readily available cash is required to keep your firm operating. Cash flow is really the balance between a company's income and expenses during a given period. You can plan the flow of your income for your upcoming financial term of business by using a statement of cash flows.
depreciation expense = $40,000 x 33.33%
= $13,333.
Operating cash flow 2 = $20,000 - $5,000 - $13,333 - $2,000
= $9,667
operating cash flow = $9,667
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under variable costing, which of the following costs would be included in finished goods inventory?
a. neither variable nor fixed factory overhead cost
b. both variable and fixed factory overhead cost
c. only variable factory overhead cost
d. only fixed factory overhead cost
Under variable costing, c) only variable factory overhead cost would be included in finished goods inventory.
Under variable costing, only variable factory overhead costs are included in the calculation of the finished goods inventory.
This means that only costs that fluctuate depending on production volume are included, such as direct labor, direct materials, and certain variable overhead costs. T
hese costs are treated as expenses in the period they are incurred, rather than being capitalized into inventory. Variable costing can be more useful to management than absorption costing in decision-making, since it provides a clearer indication of profitability.
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david is buying a cheese wheel priced at \$14$14dollar sign, 14 before tax. the stor charges 8\%8%8, percent sales tax. what is the total price, including tax, david pays for the cheese wheel? \$$dollar sign
David is spending $14 plus 8% sales tax on a cheese wheel.
The cost of the cheese wheel is $15.12 paid by David.
Given
The cost of a cheese wheel before taxes is $14.
Cheese wheel sales tax is 8%.
8% of $14 is the sales tax.
Which is 1.12
Consequently, the cheese wheel's sales tax is $1.12
Tax included, the cost of the cheese wheel was $14 plus $1.12 for a total of $15.12.
As a result, David's spends $15.12 on the cheese wheel.
Money is spent when it is dispersed, expended, or squandered. We now spend more on living expenses, to use the general term. Disburse implies spending money from a specific source or amount to fulfill a specific obligation or making payments in set amounts: The treasurer has the power to distribute money.
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what is the first step in managing quality effectively? a. understanding the meaning of quality b. winning the malcolm baldrige award c. achieving six sigma d. making a strategic commitment
d. making a strategic commitment. the first step in managing quality effectively The amount of interest due every period as a percentage of the amount lent, deposited.
or borrowed is referred to as the interest rate (called the principal sum). The total interest on a lent or borrowed amount is determined by the principle amount, the interest rate, the compounding frequency, and the length of time it is lent, deposited, or borrowed. The annual interest rate is the rate over a one-year period. Other interest rates are applicable over other time periods, such as a month or a day, although they are often annualized.A corporation borrows money from a bank in order to purchase assets for its business. In exchange, the bank charges interest to the firm. (As security, the lender may request rights to the new assets.) Individuals' deposits will be used by a bank to provide loans to their customers.
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for most of the 1990s and early 2000s, music fans usually had to purchase entire music albums even if they only wanted one or two songs. the itunes store enabled individual song purchases to give the users more choice. what did this represent? group of answer choices a culture shock an innovation a diffusion a discovery
Individual music purchases are now possible through the iTunes store, giving users more options. It is an example of (A) innovation.
What is innovation?Innovation is the application of concepts in a way that results in the creation of new products or services or enhances the provision of existing ones.
Innovation is defined as "a new or altered entity realizing or dispersing value" by ISO TC 279 in the standard ISO 56000:2020.
Others have alternative explanations, but they all stress the invention, advancement, and spread of ideas or technologies.
Innovation frequently takes place through the development of more effective products, processes, services, technologies, works of art, or business models, which innovators then make accessible to customers, governments, and society at large.
Therefore, individual music purchases are now possible through the iTunes store, giving users more options. It is an example of (A) innovation.
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Complete question:
For most of the 1990s and early 2000s, music fans usually had to purchase entire music albums even if they only wanted one or two songs. The iTunes store enabled individual song purchases to give users more choices. What did this represent?
a. An innovation
b. A discovery
c. A culture shock
d. A diffusion
when liv goes to the first class of her operations management course, she finds out that in addition to the textbook she already purchased, she also needs a specific type of calculator, with regards to the calculator, at which stage of the consumer buying decision process is liv
Evaluation of alternatives at this stage of the consumer buying decision process is liv evaluation of alternatives.
What is management ?Management is the organization and coordination of activities to achieve a goal. Determining the organization's strategy and organizing staff efforts to achieve these goals with the aid of available resources are a few examples of these administrative activities. Management is another name for the internal seniority structure that businesses utilize for staff members.
To succeed as a manager, you must develop a number of skills, including organization, communication, planning, and leadership. In-depth knowledge of the company's goals and how to direct staff, sales, and other activities toward accomplishing them will also be necessary.
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Liv is at the purchasing stage of the consumer buying decision process.
What is consumer?Consumer is a person who buys goods and services for personal use. Consumers are the end users of a product or service, the ones that actually determine the success or failure of a product or service. Consumers drive the market, as their demand for specific products and services determine what is produced and in what quantity. Consumers make decisions based on their needs and wants, and in doing so, play an integral role in the economy. Consumers also influence the prices of goods and services through their demand, and as a result, they have a major influence on the business world.
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your organization uses the benefit-cost ratio (bcr) economic model to select which project they want to initiate. you have received a report that contains the bcr results for a number of different initiatives. which guideline should you follow when selecting a project to initiate?
You have received a report that contains the benefit-cost ratio results for a number of different initiatives. The greater the BCR, the more attractive the initiative should be followed when selecting a project to initiate.
Give a brief account on benefit-cost ratio.The benefit-cost ratio (BCR) is a ratio used in cost-benefit analyses to condense the overall relationship between the relative expenses and advantages of a proposed project. BCR can be described in terms of money or quality. If a project's BCR is larger than 1.0, a firm and its investors can expect it to have a positive net present value. To evaluate the total value for money of starting a new project, benefit-cost ratios (BCRs) are most frequently employed in capital planning. However, because there are so many assumptions and difficult-to-quantify uncertainties, cost-benefit evaluations for large projects can be challenging to get right. Because of this, there are typically many different possible BCR outcomes.
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the performance appraisal and feedback component of HRM is a type of control system that can be used as part of an MBO system?
Answer: Yes, the performance appraisal and feedback component of HRM can be used as part of an MBO system.
Explanation: MBO stands for Management by Objectives, which is a system of control that involves setting specific, measurable objectives and goals. Performance appraisal and feedback are used to measure progress against these objectives and goals, helping to ensure that the desired outcomes are achieved. Performance appraisal and feedback can also be used to provide feedback to employees on how they are performing and to identify areas that need improvement.
which of the following is a supply-side fiscal policy that could stimulate economic growth? responses a decrease in income tax credits a decrease in income tax credits a decrease in marginal income tax rates a decrease in marginal income tax rates a decrease in the sales taxes imposed on household goods a decrease in the sales taxes imposed on household goods an increase in the discount rate an increase in the discount rate an increase in the money supply
Lowering the marginal tax rate on income is a supply-side economic measure that might promote economic expansion.
What does a supply-side fiscal strategy look like and how may it promote economic growth?The goal of supply-side fiscal policy is to improve the environment for business. Deregulation and tax cuts are its primary tools. Theoretically, businesses that gain from these regulations can increase their workforce. More demand is generated as a result of the increased employment, which helps the economy thrive.
What are the ways that supply-side policies boost economic growth?Productivity growth: Supply-side policies can boost labour productivity by lowering income taxes, expanding labour mobility, and implementing a variety of training initiatives. Overall, this raises the economy's real output.
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which of the following statements regarding the different types of executive coaching is correct? select one: a. resolution coaching helps workers overcome a problem with their job performance. b. strategic coaching promotes change in workers that can change when a new worker is sought for a job position and can not be found. c. development coaching is ideal in situations of change in which a worker should perform a new task. d. retention coaching prevents future problems and is responsible for training/developing workers to prevent a problem.
The following statements regarding the different types of executive coaching is correct resolution coaching helps workers overcome a problem with their job performance.
What does a job well done mean?Job performance refers to how well a person does their job. According to Campbell (1990), job performance is a means to an end—a goal or set of goals—within a position, a role, or an organization, but not the actual results of the actions taken there.
How are work results evaluated?scales of graphic ratings. An employee's relative performance in particular areas is typically rated using a graphic scale that uses sequential numbers, like 1 to 5 or 1 to 10.
feedback from all sides.
Self-Evaluation.
Objective-based Management (MBO).
Checklists.
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jit / lean, a low-inventory scheduling system with minimal waste where supply equals demand, must have what in place to work properly? (select all that apply.) multiple select question. managers with bonus incentives for on-time delivery no disruptions from quality problems processes and equipment with high reliability to minimize breakdowns profits sufficient enough to re-capitalize equipment employees who continuously improve the process flexibility to handle a variety of products/services
In contrast to lean manufacturing, which is focused on maximizing efficiency to deliver value to the client, just-in-time production is more concerned with efficiency. Just-in-time production can be utilized on its own or in conjunction with a lean manufacturing strategy. There are more ways to separate JIT and Lean.
Why does inventory reduction play such a significant role in JIT and lean systems?JIT reduces inventory, freeing up resources for use in other areas of the business. A retail establishment can increase the amount of retail floor space without expanding the store itself by modernizing its warehouse space with JIT. A firm can enhance production by repurposing some of its warehouse as manufacturing space.
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buying things on credit was extremely rare before which year?
Prior to 1917, it was uncommon to purchase items on credit. As a result of the fact that it was never acceptable for lenders to impose interest rates that were high enough to generate a profit.
The term "purchase" means what exactly?
Cash or its equivalent is required to achieve something. To acquire real land by means other than descent, such as via labour, risk, or sacrifice, is to buy. d.
In order to reach the top deck, he purchased a ticket. A large portion of those shares were bought through brokers. There were some auto-related receipts among them. Opening the box of ties, she looked over her acquisition.
each and every product or service bought for resale.
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rosing, inc., manufactures dog sleds. the company uses direct labor hours as its application base. the predetermined overhead rate for the year was $24.27 per direct labor hour. the estimated manufacturing overhead for the year was $58,248. what was the budgeted number of direct labor hours for the year?
2,400 hours was the budgeted number of direct labor hours for the year.
What is a budget and why is it crucial?
In order to estimate future revenue and expenses, a budget is a financial document. A budget is a tool for keeping track of how and when you make and spend money.
Making a budget is a crucial component of your overall success and security. It enables you to monitor and more clearly comprehend whether the revenue (incoming cash) coming into your company is sufficient to cover its costs.
Which three types of budgets are there?
A budget can be divided into three categories: a surplus budget, a balanced budget, and a deficit budget. The government budget is a financial document that summarizes income and outlays for an entire year.
Predetermined overhead rate = Budgeted total manufacturing overhead cost ÷ Budgeted total level of application base.
Therefore,
= $58,248 ÷ $24.27
= 2,400 hours
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on november 1, alan company signed a 120-day, 10% note payable, with a face value of $45,000. alan made a december 31 year-end accrual for interest earned. what is the journal entry as of march 1 to record the payment of the note? (use 360 days a year.)
Debit Cash $46,500; Credit Notes Payable $45,000; Debit Interest Payable $750; Debit Interest Expense $750.
Note Payable: What is it?A company's debts to its financiers, including banks and other financial institutions as well as alternative funding sources like friends and family, are represented through long-term obligations known as notes payable. They are seen as long-term since they come due after a year, even though they are usually paid off in five years.
The amount owed to partners, affiliates, or other third parties is listed in a note payable journal entry along with the interest rate and due date. Both current and long-term notes payable are available.
The accrual basis requires that accounting expenses be recorded when they are incurred. For the latter two months of the year, interest expenses must therefore be documented. The interest shall be accounted for as a payment until payment at maturity. The balance of interest shall be noted in the year of maturity of the Note.
$45,000 X 10% X 60/360= $750 (interest)
60 Days of interest= From January 1 to February 28: the remaining 60 days of interest for the period from November 1 to December 31.
$45,000 principal + $750 interest accrued prior to year end + $750 interest expense in year of maturity= $46,500
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suppose you have data on durable goods, nondurable goods, fixed investment, government purchases, exports, and imports. can you compute gdp?
No, since data on inventory investment and services are missing we cannot compute gdp.
The market worth of all the finished products and services that nations create and sell in a certain time period is measured in dollars by the gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character. Gross domestic product, or GDP as it is more often called, is one of the most significant. This economic indicator shows how much money was spent on the commodities and services produced in the nation over a specific time frame. Between 2% and 3% is the desired GDP growth rate. How well-off the economy is is determined by the GDP growth rate. Positive numbers indicate that the economy is expanding. If the result is negative, the economy is shrinking.
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