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2 years ago

Describe how the specific practices of bronson methodist hospital in the opening performance exellence.

1 answer:

7 0

Two main practices customer satisfaction and effective resource management are key to the Bronson Methodist Hospital (BMH) in the opening performance excellence.

Customer satisfaction is a metric that measures a company's customers' level of satisfaction with its goods, services, and capabilities. Information about customer satisfaction, such as surveys and ratings, can assist a business in deciding how best to adjust or improve its goods and services.

Planning, scheduling, and allocating people, money, and technology to a project or program are all examples of resource management. In essence, it involves allocating resources to maximize organizational value. When resources are managed effectively, the appropriate resources are made accessible at the appropriate time for the appropriate work.

Learn more about effective resource management here:

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Nikola Motors has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; total current assets o

Margarita [4]

Answe2.55 times

Explanation:

Current assets represent the resources of short-term nature which a business expects to convert back to cash between a year. They include inventory, receivables.

Inventory turnover is the average number of days it takes a Nikola Motors to sell its its stock and replenish it. This can be determined by either working it out in number of times the stock is sold and replenished or the length of days its takes to do same.

The formula for both are given below:

Inventory turnover( no of times) = Cost of goods sold / average inventory

= x number of times

Inventory days = (Average inventory/ Cost of goods sold) *365 days

= number of days

Note: The inventory figure was not given in the question, but we can work it out;

Current assets= cash + inventory + receivables

85,000 = 38,250 + 21,250 + y Lets "y "demote inventory

y = 85,000 - 38250 - 21, 250

y= 25,500

Also we need to work out cost of sold;

Cost of goods sold = 65% × 100,000

= 65,000

Now we can work out the inventory turnover;

Inventory turnover = 65,000/25,500

= 2.55 times

Nikola Motors is seling and replacing its inventory 2.55 times

7 0

3 years ago

ASAP! Giving brainliest for CORRECT awnser.

ivann1987 [24]

Answer:

d i think

Explanation:

since she cares about the enviroment

Brainlest?

5 0

3 years ago

Read 2 more answers

There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: Th

mr Goodwill [35]

Answer:

Quality

Explanation:

Logistics and supply chain management performance is best evaluated by examining time required to carry out task, the quality of task at hand, the cost to be expended and the supporting metric.

4 0

4 years ago

Read 2 more answers

Task 2: Record the listed transactions of Nikea Inc. for the first quarter (January to March) in

gavmur [86]

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $20,000

To Capital $20,000

(being the issuance of the capital stock is recorded)

b. Rent Dr $5,000

To cash $5,000

(being the rent paid is recorded)

c. Supplies dr $1,500

To Account payable $1,500

(being the supplies purchased on account is recorded)

d. Account payable Dr $1,000

To cash $1,000

(being the amount paid is recorded)

e. Cash Dr $25,000

To sales commission $25,000

(being the sales commission earned is recorded)

f. Automobile expense $4,500

To Cash $4,500

(being cash paid is recorded)

g. Office salaries Dr $8,000

To cash $8,000

(being cash paid is recorded)

h Supplies expense $1,500

To supplies $1,500

(being supplies expense is recorded)

g. Dividend payable $1,500

To Cash $1,500

(being dividend paid is recorded)

3 0

3 years ago

The following units of an inventory item were available for sale during the year:Beginning inventory 10 units at $55First purcha

Leto [7]

Answer:

$1150.

Explanation:

Given: Beginning inventory 10 units at $55

First purchase 25 units at $60

Second purchase 30 units at $65

Third purchase 15 units at $70.

First, lets calculate total units of inventory available.

Total inventory available for sales during the year= $(10+25+30+15)= 80\ units$

∴ Total inventory available for sales during the year= 80 units

As given 60 units were sold out of total 80 units.

$80-60= 20\ units$

∴ 20 units of inventory is still remaining.

To determine the cost of unit sold, under LIFO accounting, you start with assumption that you have sold the most recent inventory and work backward.

As 20 units is still available after selling 60 units.

∴ The value of ending inventory= $(10\ units \times \$60 + 10\ units \times \$55)$

The value of ending inventory= $\$600+\$550= \$ 1150$

∴ The value of ending inventory using LIFO is $1150.

6 0

3 years ago