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1 year ago

Work sampling can be used to estimate the proportion of time spent by people or machines on activities.

1 answer:

8 0

a. true, It is true that work sampling can be used to estimate the proportion of time spent by people or machines on activities.

More about work sampling:

Work sampling is a statistical method for calculating the percentage of time that employees spend in several defined categories of activity (such as setting up a machine, putting two pieces together, being idle, etc.). Because it enables speedy analysis, recognition, and improvement of job responsibilities, tasks, performance competencies, and organizational work flows, it is just as crucial as all other statistical tools. It goes by the terms "activity sampling," "occurrence sampling," and "ratio delay research," among others.

Other characteristics of work sampling are:

One of them is having enough time to complete the studies.
Multiple employees is another trait.
Lengthy cycle time is the third attribute.
The final prerequisite is non-repetitive work cycles.

Learn more about work sampling here:

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The primary aim of strategic management at the business level is A. maximizing risk-return tradeoffs through diversification. B.

cupoosta [38]

Answer:

D. achieving competitive advantage(s).

Explanation:

The strategic management at the primary levels involves the setting of the objectives and analyzing the competitive environment and the internal organization.

Then evaluating the strategies and also ensuring that the management rules out those strategies across the organization. Thus makes to achieve a competitive advantage and hence plays a major role in the formation of the business with a high advantage.

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3 years ago

The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales revenue, $485,00

jekas [21]

Answer:

Bowler Corporation

Income Statement for 2021

Sales revenue $485,000

Less Cost of goods sold ($248,000)

Gross Profit $237,000

Less Expenses

salaries expense $61,000

rent expense $36,000

depreciation expense $46,000

miscellaneous expense $28,000 ($171,000)

Net Income/ (Loss) $66,000

Explanation:

Income Statement shows the Operating performance of the the company over the financial period.

Income/loss = Sales - Expenses.

8 0

3 years ago

. A purchase of supplies for $500 on account was recorded and posted as a debit to Supplies for $200 and as a credit to Accounts

NISA [10]

Answer: Debit to supplies $300; Debit to Accounts Receivable $200; Credit to cash or accounts payable $500

Explanation: Supplies are inventories of an organisation. Tgey are components of current assets and have a debit balance.

When supplies are purchased, current assets are to be debited to increase the asset.

Depending on the means of purchase either cash or on credit. The credit entry will be passed according. If cash was paid for the supplies, cash is a current asset hence it is credited with the actual amount paid for the supplies inorder to reduce it.

However, if the supplies were bought on credit, accounts payables will be credited. Accounts payables is a liability account that has a credit balance. As such, to increase your liability, you credit it.

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3 years ago

The following income statements were drawn from the annual reports of the Denver Company and the Reno Company: Denver* Reno* Net

Lynna [10]

Answer:

1. Gross margin percentage:

For Denver and the Reno is 53% and 27%

2. Return on sales ratio:

For Denver and the Reno is 18% and 10%

Explanation:

1. The formula to compute the gross margin percentage is shown below:

Gross margin percentage = (Gross margin) ÷ (Net sales) × 100

For Denver = ($17,760 ÷ $33,200) × 100 = 53%

For Reno = ($23,850 ÷ $86,900) × 100 = 27%

2. The formula to compute the return-on-sales ratios is shown below:

Return-on-sales ratio = (Net income) ÷ (Net sales) × 100

For Denver = ($6,000 ÷ $33,200) × 100 = 18%

For Reno = ($8,502 ÷ $86,900) × 100 = 10%

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4 years ago

Auditors-Are-Us LLC, audited the financial statements of LINKCO Industries, a private company, for the year ended December 31, 2

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4 0

3 years ago