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2 years ago

Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.

1 answer:

5 0

The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.

<h3>What is the Total Quality Management?</h3>

This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.

The five concept of Total Quality Management includes:

Produce quality work the first time
Focus on the customer
Have a strategic approach to improvement
Improve continuously
Encourage mutual respect and teamwork.

Read more about Total Quality Management

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Suppose real GDP for a country is $1,200 billion. The GDP price index is 114.6. There are 25 million workers who work 36 hours p

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Answer:

1,333.33

Explanation:

Labor productivity is measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.

total labor hours = 25milion x 36 hours per week

= 900 million

labor productivity = GDP ÷ total labor hours

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2 years ago

Bramble Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $59

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Answer and Explanation

Given:

Accounts receivable balance = $598,000

Percentage of receivables that are uncollectible = 5% or 0.05

Uncollectible receivables = 0.05 × 598,000 = $29,900

Adjusting journal entry to record bad debt expense is:

Particulars Debit Credit

Bad debts expense XXXXX

Allowance for doubtful debts XXXXX

(Being bad debts incurred)

Noe, Allowance for doubtful debts has a credit balance of $4,800.

Bad debt incurred = 29,900 - 4,800 = $25,100

So adjusting entry :

Particulars Debit Credit

Bad debts expense $25,100

Allowance for doubtful debts $25,100

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3 years ago

A trade surplus occurs when the value of imports is__________. A. less than the value of exports. B. government spending is less

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Answer: Option A

Explanation: In simple words, trade surplus refers to the economic condition under which a country's value of goods sold to other countries, that is, exports is greater than the value of goods it purchases from other countries ,that is, imports.

Trade surplus is seen as a positive indicator of economic growth as a country in surplus will behaving more money to invest in public core services and wont be spending their tax collections on interest and loans taken by international assignations such as IMF or world bank.

Hence from the above we can conclude that the correct option is A.

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Answer:

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AGI $125,000

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Taxable income $98,000

b. Sybil's filing status is head of household. The Standard deduction for head of household is $18,000 in 2018 which is higher than itemized deductions of $8,000.

AGI $80,000

Less: Itemized deduction $18,000

Taxable income $62,000

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2 years ago

Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.​

Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.