(b) Increased effectiveness of collection methods - It will increase the turnover ratio and decrease the days to collect.
Effectiveness is the functionality of producing a preferred result or the capability to supply preferred output. whilst something is deemed powerful, way it has a supposed or predicted outcome, or produces a deep, vibrant effect.
Effectiveness is the principle noun form of the adjective effective, this means “ok to accomplish a cause; producing the supposed or predicted end result.” (another, less common noun form of effective is efficiency.).
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Lowest because to show how scarce it is it will have to be low
The quality certification that deals primarily with conformance to customer requirements is ISO <u>9000</u>; ISO <u>14000</u> is concerned primarily with the organization's effect on the environment.
<u>Explanation:</u>
A collection of global quality management and quality assurance standards designed to help businesses efficiently document the components of the quality system required to maintain an effective quality system, understood as ISO 9000. These are not industry specific, and can be extended to organizations of any scale.
The collection of specifications for environmental management generated and published by the International Organization for Standardization is known as ISO 14000 principles, which offer guidelines or structure for organizations seeking to systematize and develop their initiatives in environmental management.
$17,459.62
The equation for the value of an investment with periodic contributions is:
B = P(1+r)^y + c(((1+r)^y -1)/r)
where
B = Balance
P = Initial principle
r = interest rate
c = periodic contribution
y = number of years.
For this problem, the initial principle is 0, so we have a simplified equation of:
B = c(((1+r)^y -1)/r)
Let's solve for c, substitute the known values, and calculate
B = c(((1+r)^y -1)/r)
B/(((1+r)^y -1)/r) = c
1000000/(((1+0.10)^20 -1)/0.10) = c
1000000/(((1.10)^20 -1)/0.10) = c
1000000/((6.727499949 -1)/0.10) = c
1000000/(5.727499949/0.10) = c
1000000/57.27499949 = c
17459.62477 = c
So Zheng needs to contribute $17,459.62 at the end of every year.
Answer:
$660,000; $1,249,000
Explanation:
Cost of goods sold (Merchandising Business):
= Beginning inventory + Cost of purchases - Ending inventory
= $323,000 + 560,000 - 223,000
= $660,000
Cost of goods sold (Manufacturing Business):
= Beginning inventory + Cost of goods manufactured - Ending inventory
= $646,000 + 820,000 - 217,000
= $1,249,000