Answer:
Principal-agent.
Explanation:
This problem comes to play when one has to make decisions on behalf of another person.
The principal-agent problem is a conflict in priorities between a person or group and the representative authorized to act on their behalf. An agent may act in a way that is contrary to the best interests of the principal.
It can occur in any situation in which the ownership of an asset, or a principal, delegates direct control over that asset to another party, or agent.
Answer:
3.033
Explanation:
Outstanding shares 350,000
Shares of common stock issued 450,000
Net income $1,160,000
Hence;
$350,000 X 8/12 = $233,333
$450,000 X 4/12 = $150,000
$233,333+150,000=$383,333
$1,160,000/ $383,333 = 3.033
Twin Rivers' 2017 earnings per common share, rounded to the nearest penny is 3.033
Answer:
Total quality management (TQM) is an ongoing process for manufacturing errors to be detected and minimized or eliminated, the management of the supply chain is simplified, customer experience improved and training for employees is up to date.
Explanation:
The overall quality management aims to ensure the overall quality of the final product or service is accountable to all the parties involved in the production process.
Comprehensive quality management is a continuous detection and eradication process. Total quality management (TQM).
It is used for streamlining supply chain management, improving customer service, and providing training for employees.
The goal is to improve the quality of the products and services of an organization by continuously improving internal practices.
Total quality management is intended to make all involved parties responsible for the overall quality of the final product or service in the manufacturing process.
TQM approach requires small companies to understand (and are) their existing customers, to recognize and keep these expectations at the forefront of their strategy and processes. TQM approach This principle should also apply to internal customers who treat employees like customers and meet their demands.
Answer:
$500,000
Explanation:
Given that:
Sales for the month = $900,000
Opening inventory = $50,000
Closing inventory = $55,000
Gross margin on sales = 45%
Cost of goods sold = 100 - gross margin = 100% - 45% = 55%
Hence,
Cost of goods sold = $900,000 × 55% = $495,000
Therefore, the purchase for the month
= Cost of goods sold + Closing inventory - Opening inventory
= $495,000 + $55,000 - $45,000
= $500,000
