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2 years ago

Recommend ways in which TQM can reduce the cost of quality

2 answers:

6 0

Increasing workflow efficiency by solving problems fast, easing change management within your company, reducing operational errors, assisting in risk management, and improving supplier quality by making it easy to rate and communicate with suppliers.

Kruka [31]2 years ago

6 0

Answer:

You can reduce the cost of quality through prevention efforts, improving worker training, and using quality management software that streamlines your quality workflow.

Please mark me as brainliest if this helped!

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EB12.

mina [271]

Answer:

The question is incomplete. The complete question is given below:

Selling Price per unit Variable cost per unit

Product

Trunk Switch $60.00 $28.00

Gas door $75.00 $33.00

Glove Box $40.00 $22.00

Answer Trunk 240 units, Gas 240 units and Box 60 units

Explanation:

The break-even point is the activity level where the total revenue of a business exactly equals its cost. At the break-even point, the total profit made will be zero. This analysis enables a firm to determine ahead the number of units to must be produced, customers that must served in order to cover its fixed costs.

Calculation

A break-even point can be calculated as follows:

For single-product scenario:

Break-even point (in units)= Total general fixed cost for the period/ (selling price-variable cost )

Multiple-products scenario= Total general fixed cost for the period/Average contribution per unit

Total general fixed costs are period costs which remain unchanged within a given activity level and cannot be traced to be incurred for a particular product.

Trunk Gas Box

$ $ $

Selling price 60 75 40

Variable cost (28) (33) (22)

Contribution per unit 32 42 18

Cont. from a mix (sp×unit) 128 168 18

Average cont. per mix = (128+168+18)/(4+4+1)= $34.89

Break-even point (in units)= $18,840/$34.89

= 540 units

Total units to be sold to break even is 540 units. This will be distributed across the three products using the sales mix as follows:

Trunk = 4/9× 540 units= 240 units

Gas = 4/9 × 540 = 240 units

Box = 1/9 *540 = 60 units

3 0

3 years ago

a tv retailer suppose that in order to sell a number of tvs the price per unit must follow the model p=600-0.3n

Karolina [17]

Answer:
you would have to sell 2,000 tvs the price per unit each 600 to follow the model
step-by-step explanation:
p = 600 - 0.3n
600/0.3
p = 2,000n

3 0

2 years ago

You plan to make a series of deposits in an interest-bearing account. You will deposit $1,000 today, $2,000 in 2 years, and $8,0

solniwko [45]

Answer:

$5,641

Explanation:

DEPOSIT NOW

$1000 * FVIF 9%,8 PERIODS

= $1000 * 1.9926

= $1992.6

IN 2 YEARS

= $2000 * FVIF 9%,6 PERIODS

= $2000 * 1.6771

= $3354.20

IN 5 YEARS

= $8000 * FVIF 9%, 3 PERIODS

= $8000*1.2950

= $10360

WITHDRAWAL: IN 3 YEARS

= ($3000) * FVIF 9%, 5 PERIODS

= ($3000) * 1.5386

= ($4615.80)

IN 7 YEARS

= ($5000) * FVIF 9%, 1 PERIOD

= ($5000) * 1.0900

= ($5450)

Total value = $1992.6 + $3354.20 + $10360 - $4615.80 - $5450

Total value = $5,641

So, the total future value after eight years is $5,641

7 0

2 years ago

This activity is important because it covers important terms for effective money management. The goal of this exercise is to ide

viva [34]

Remainder Part of the Question:

Build Your Financial Base Terms:

The ______ is one of the best places to put your money.

A _______ is one of the worst places to keep long-term investments.

You can use a _______ to keep track of purchases.

Your _______ is likely to be the largest of the most important investments you make.

It is wise to plan your financial future with _______.

Available Options are:

Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.

Answers:

A. Stock market

B. Bank Account

C. Credit Card

D. Home

E. Insurance

Explanation:

A. The Stock Market is one of the best places to put your money.

Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.

B. A Bank Account is one of the worst places to keep long term investment

The lowest returns are on saving accounts hence it is the worst place for long term investments.

C. You can use Credit Card to keep a track of your purchases.

Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.

D. Your Home is likely to be the largest of the most important investments you make

Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.

E. It is wise to plan your financial future with Insurance.

Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.

8 0

3 years ago

In the long run, a perfectly competitive market will A.supply whatever amount consumers demand at a price determined by the min

In-s [12.5K]

Answer: Option (A) is correct.

Explanation:

Correct Option: A.supply whatever amount consumers demand at a price determined by the minimum point on the typical firm's average total cost curve.

In the long run, equilibrium price of a perfectly competitive firm implies that there is no economic profit for the firm. This situation occur when the marginal cost is equal to the average total cost.

The firm is break even when the price is equal to the minimum point of average total cost of the firm. So, there is no possibility of economic profit for the firm.

5 0

3 years ago