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3 years ago

Total quality management differs from traditional performance measurement in that it:

1 answer:

7 0

The answer is assesses both individual performance and the system within which the individual works.
The main purpose of the total quality management is to make sure that organization able to set up a certain type of climate that continously helop worker in improving their working efficiency in order to accelerate company's operation.

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Grand River Corporation reported taxable income of $600,000 in year 1 and paid federal income taxes of $155,000. Not included in

Paul [167]

Answer:

$444,000

Explanation:

current earnings and profits = (taxable income - income taxes) - meals expense + tax exempt income = ($600,000 - $155,000) - $3,000 + $2,000 = $444,000

Disallowed expenses are expenses made by an individual or company that the IRS doesn't allow to be deducted, e.g. meals. Tax exempt income is income that is not taxed by the IRS, e.g. DRD includes at least 70% of dividends received.

Deferred gains or unearned revenues are considered a liability and are not included in the income statement.

7 0

3 years ago

Suppose that a business is considering two strategies: buy or sell. If economic conditions improve, then the strategies will ret

Leno4ka [110]

Answer:

The answer is: Following the expected value criterion the investor should choose the sell strategy.

Explanation:

The formula we use to calculate the expected return value of the different strategies is:

ERV = ∑ (expected return x probability of occurrence)

The buy strategy has an expected return value of of 1%

ERV Buy = (10% x 33.3%) + (1% x 33.3%) + (-8% x 33.3%) = 1%

The sell strategy has an expected return value of of 1.67%

ERV Sell = (6% x 33.3%) + (2% x 33.3%) + (-3% x 33.3%) = 1.67%

8 0

3 years ago

In the context of the contemporary united states, a strip mall shopping center best demonstrates which geographic principle

sashaice [31]

A strip mall located in the United States best represents the idea that complimentary businesses in a similar geographic location will induce consumers to gravitate to these locations in greater abundance than if the locations stood alone.

5 0

4 years ago

Cameo Company manufactures boxes. To manufacture a box, it takes 44 units of wood and 2 units of plastic. Scheduled production o

mr Goodwill [35]

Answer:

Purchases= 88,400 units

Explanation:

Giving the following information:

To manufacture a box, it takes 44 units of wood

The scheduled production of boxes for the next two months is 2,100.

Beginning inventory is 16,000 units of wood

The ending inventory of wood is planned to decrease 4,000 units each of the next two months.

To calculate the purchase of wood required, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 44*2,100 + (16,000 - 4,000) - 16,000

Purchases= 88,400 units

3 0

3 years ago

The fixed cost of Widget Corp., a keyboard manufacturing company, is $600,000 per year. The cost of equipment and labor to make

Arada [10]

Answer: more than 40000

Explanation:

Given : Fixed cost per year = $600,000

Cost of equipment and labor to make one keyboard = $ 10

Selling price of 1 keyboard = $25

Gain on each keyboard = Selling price - cost

= $25 - 410

= $15

Minimum number of keyboards need to sell to make profit = ( Fixed cost) ÷ (Gain)

= 600,000 ÷ 15

= 40000

Hence, Widget Corp. needs to sell more than 40000 keyboards to make profits.

3 0

3 years ago