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1 year ago

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The criteria developed by Baldridge are founded on a number of fundamental ideas, and they are called Management practice

This is further explained below.

<h3>What is Management practice?</h3>

Generally, The term "management practices" often refers to the techniques and inventions that managers use to increase the efficiency of their organizations' work processes. Empowering workers, educating staff, implementing plans for enhancing quality, and implementing different new technologies are all examples of common management techniques.

To put it simply, an organization is any group of individuals united for a same goal, whether it be in the form of a firm, a school, or a club. The term comes from the Greek word "organon," which may be translated as "instrument," "tool," or "organ." a collection of individuals working together for a same goal, as in an office or government agency.

In conclusion, Baldridge's standards are founded on a set of fundamental concepts known as a management practice.

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ABC Company leased equipment to Best Corporation under a lease agreement that qualifies as a finance lease. The cost of the asse

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$12120 is the annual amortization expense

<u>Explanation:</u>

The following formula is used to calculate the annual depreciation expense that will be recorded in the books of accounts

Depreciation = ( cost of the asset minus salvage value) divide by number of years.

Given data in the question: number of years = 10, cost of the asset = $124000, salvage value = $28000

Putting the figures in the formula,

Depreciation expense = ($124000 minus $28000) divide by 10

After solving, we get = $12120

Thus, annual depreciation expense = $12120

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2 years ago

LO 6.3A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost d

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Answer:

$68,600

Explanation:

An predetermined overhead of $70,000 was estimated for an activity of 2,500 hours. The actual overhead assigned to the products is given by multiplying the fraction of the total 2,500 hours of activity utilized by the products by the predetermined overhead:

$A = \frac{1,350+1,100}{2,500}*\$70,000\\ A = \$68,600$

The total amount of overhead assigned to the products is $68,600.

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2 years ago

Imagine you are running a bank and you are deciding how much of your funds to deposit with the Fed. Your alternative to depositi

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If the Federal Reserve increases the interest rate that it pays on your deposits with them increase reserves at the Fed and reduce loans.

If the Federal Reserve increases the interest rate that it pays on your deposits with them, this means that the amount I deposit with the Fed would earn a higher rate of interest.

The aim of businesses is to make profit. As a result, I would increase the amount I deposit with the Fed in order to earn a higher rate of interest on my deposit and I would reduce the amount of loans I make.

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Which of the following is an advantage of flexible manufacturing technologies? They have reduced the importance of technological

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Answer:

They have increased the importance of production economies of scale.

Explanation:

Flexible production allows the manufacture of different types of products in the same industrial production line. This makes companies lower costs by avoiding tool change, time savings, and industry structure.

This type of economy fits into the description of economies of scale. Economies of scale are those where the increase in production results in a decrease in the average cost of the product. Increasing production - by including more products on the production line - without a proportional increase in the factory's installed capacity leads to a reduction in the average cost of production, ie it is an economy of scale.

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3 years ago