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3 years ago

Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.

1 answer:

7 0

Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.

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Which of the following best describe the interrelated components of internal control? Risk assessment process, backup facilities

kvasek [131]

Answer:

Control environment; risk assessment process; control activities; the information system, including related business processes; and monitoring of controls.

Explanation:

From the following, the OPTION which best illustrates the interrelated components of internal control is OPTION (C).

Because as we know that interrelated components of internal control consists of co-ordination, as well as handling and controlling the system, taking illustration of the work and making of positive decisions.

So this is the reason OPTION (C) will be the answer, as it also consist all of the components which are present in interrelated components of internal control.

6 0

3 years ago

Friendly’s Quick Loans, Inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else).

Ivahew [28]

Answer:

1,386.67%

Explanation:

Loan Amount = $8.25

Repayment Amount = $10.45

Hence,

Interest for a week = Repayment Amount - Loan Amount

= $10.45 - $8.25

= $2.2

Interest percentage for a week:

= $\frac{Interest\ for\ a\ week}{Loan\ Amount}\times100$

= $\frac{2.2}{8.25}\times100$

= 26.66% (approx)

Number of weeks in a year = 52

Therefore,

Effective annual return:

= Interest percentage for a week × Number of weeks in a year

= 26.66% × 52

= 1,386.67%

Hence, effective annual return Friendly’s earns on this lending business is 1,386.67% .

APR you are paying 1,386.67%.

3 0

3 years ago

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Tpy6a [65]

The net operating income as per the variable costing method is $14500

Explanation:

The unit product cost is = $18 + $10 + $4 = $32

Sales revenue ( $78 multiply with 8700 units) = $678600

Variable cost:

Variable cost of goods sold ( 8700 units multiply $32) = $278400

Variable selling and administartive (8700 units multiply $5) = $43500

contribution margin = $356700

fixed manufacturing overhead = $255200

Fixed selling and adminstrative expenses = $87000

Net operating income = $14500

Note: contribution margin is calculated after deducting sales revenue with variable cost

8 0

3 years ago

Um...look what i found

Ksju [112]

NASTY AND ALSO THE GUY THE ANSWERED IS NOW BANNED HAHAHA

8 0

2 years ago

Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared.

DerKrebs [107]

Answer:

Net income = $3,560

Explanation:

Romney's Marketing Company

Multi-step income statement

For the Year ended December 31 20YY

Sales revenues 37,250

Less: Cost of goods sold = 0

Gross profit = 37,250

Less: Operating expense:

Wages expense = $19,000

Depreciation expense = $1,750

Utilities expense = $320

Insurance expense = $780

Rent expense = $9,800

Total operating expense = ($31,650)

Add: operating income:

Rent revenue = $560

Total operating income = $6,160

Other operating income

Interest revenue = 160

Net income before taxes = $6,320

Income tax expense = $2,760

Net income = $3,560

4 0

3 years ago