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1 year ago

______is a management approach that establishes an organizationwide focus on quality.

Business

1 answer:

garik1379 [7]1 year ago

7 0

<u>Quality management</u> is a management approach that establishes an organization-wide focus on quality.

Management is the administration of an organization, whether or not it is a business, a non-profit organization, or a government body. It is the artwork and science of managing sources of the enterprise.

It is something that directs group efforts towards the attainment of certain pre-determined goals. “management” is the system of working with and through others to effectively achieve the desires of the organization, by effectively using confined assets in the changing world. Originally identified by Henri Fayol as 5 factors, there are now 4 commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.

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On January 1, Year 1, the City Taxi Company purchased a new taxi cab for $51,000. The cab has an expected salvage value of $12,0

Lemur [1.5K]

Answer:

The amount of depreciation expense reported on the Year 2 is $12,285 and the book value of the taxi at the end of Year 2 is $27,015

Explanation:

In order to calculate the amount of depreciation expense reported on the Year 2 income statement and the book value of the taxi at the end of Year 2, respectively we would have to make the following calculations:

Particulars Amount

Cost of taxi $51,000.00

Salvage Value $12,000.00

Life in miles 200,000.00

Depreciation per mile = ($51,000.00 - $12,000.00 )/200,000=0.195

Depreciation for Year 1 = 60,000 * 0.195=11,700.00

Depreciation for Year 2 = 63,000 * 0.195=12,285.00

book value of the taxi, respectively, at the end of Year 2 = 51,000 - 11,700 - 12,285=27,015.00

The amount of depreciation expense reported on the Year 2 is $12,285 and the book value of the taxi at the end of Year 2 is $27,015

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2 years ago

What does transitioning people from one job to another entail? During the transition period, what type(s) of unemployment wo

Flura [38]

Answer:

"Transitioning people from one job to another" means that people who suffer from structural unemployment acquire the necessary skills to find a new job.

Structural unemployment happens when an unemployed individual cannot get a job because he/she lacks the skills required by the employer to fill that job opening. When this individual receives training and acquires the necessary skills, it is said that he/she transitioned from one job to another.

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2 years ago

Theo buys 500 shares of a KO for the lofty dividend. If KO pays a dividend of $1.20/share 4 times a year, how much are the divid

N76 [4]

Answer:

$2,400.00

Explanation:

The dividends per year will be dividends per share per year multiplied by 500.

Dividend per share per year

=$1.20x 4

=$4.80

Per year dividends will be worth

=$4.80 x 500

=$2,400.00

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3 years ago

Assume that on September 1, Year 1, a six-month property insurance premium of $12,000 was paid for a policy whose coverage began

inn [45]

Answer:

Debit Insurance expense $8,000

Credit Prepaid insurance $8,000

Explanation:

The company uses asset method of recording the purchase of insurance. Hence, at end of year end the company must recognize the expire portion of the policy and charge it against insurance expense.

$12,000 / 6 months = $2,000 (monthly insurance expense)

$2,000 x 4 months (September 1 to December 31) = $8,000

Entry:

Debit Insurance expense $8,000

Credit Prepaid insurance $8,000

The balance of the prepaid insurance at the end of first year is $4,000 (12,000 - 8,000).

6 0

3 years ago

Western Electric has 34,500 shares of common stock outstanding at a price per share of $84 and a rate of return of 12.75 percent

nikitadnepr [17]

Answer:

Cost of common stock (Ke) = 12.75%

Cost of preferred stocks (Kp) = $8.30/$97.50

= 0.0851 = 8.51%

Cost of debt = 8.23%

WACC = Ke(E/V) + Kp(P/V) + Kd(D/V)(1-T)

WACC = 12.75(2,898,000/4,109,690) + 8.51(736.125/4,109,690) + 8.23(475,565/4,109,690)

WACC = 8.99 + 1.52+ 0.95

WACC = 11.46%

Market value of the company: $

Market value of common stocks (34,500 x $84) 2,898,000

Market value of preferred stocks (7,550 x $97.50) 736,125

Market value of debt ( $419,000 x $113.5/$100) 475,565

Market value of the company 4,109,690

Explanation:

In the case, the cost of common stock and cost of debts are given. There is need to calculate cost of preferred stocks, which is the ratio of dividend to current market price of the preferred stocks. Dividend on preferred stocks is calculated as 8.30% x $100 par value, which is $8.30.

We also need to calculate the market value of the company, which is the aggregate of market value of common stock, market value of preferred stock and market value of debt,

WACC is calculated as the aggregate of cost of each stock and the proportion of the market value of each stock to the market value of the company.

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3 years ago