Answer: True
Explanation:
Lean is simply defined as management practices that are used by companies or organizations in order to improve the effectiveness and the efficiency during production by eliminating waste.
It should be noted that in a lean system, the work in process and raw materials inventory accounts are combined.
With respect to the six stages of a quality life cycle, the implementation stage of a new quality initiative is called adoption.
What is life cycle?
The term life cycle refers to the life are the passes on the different stages such as baby, kids, children, teenager, adult, young, and the last is the old there are the different phases of the life.
There are the six stages of the quality life cycle are the adoption, regeneration, energizing, maturation, limitation, or stagnation and decline. The adoption is the implementation stage of a new quality initiative.
As a result, the quality life cycle is the adoption.
Learn more about on life cycle, here:
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Answer:
Trial Income Statement:
Service revenue $17,000
Rent expense ($3,500)
Insurance expense ($350)
<u>Wages expense ($10,500)</u>
Net income $2,650
*We need to adjust other expenses like supplies or utilities. I assumed the salaries paid were for a 10 days period since no one pays salaries in advance.
Trial Balance Sheet
Assets:
Cash $62,200
Supplies $1,000
Prepaid insurance $3,850
<u>Equipment $10,000 </u>
Total Assets $77,050
Liabilities and Equity:
Accounts payable $8,000
Wages payable $7,000
Common Stock $60,000
<u>Retained earnings $2,050 </u>
Total Liabilities and Equity $77,050
Explanation:
July 1
Dr Cash 60,000
Cr Common stock 60,000 (6,000 stocks $10 par value)
July 3
<u>Rent expense 3,500</u>
Cr Cash 3,500
July 5
Dr Prepaid insurance 4,200
Cr Cash 4,200
Adjusting entry July 31
Dr Insurance expense 350
Cr Prepaid insurance 350
July 7
Dr Supplies 1,000
Cr Accounts payable 1,000
July 10
Dr Wages expense 3,500
Cr Cash 3,500
Adjusting entry July 31
Dr Wages expense 7,000 ($3,500 x 2 10 day periods)
Cr Wages payable 7,000
July 14
Dr Equipment 10,000
Cr Cash 2,500
Cr Accounts payable 7,500
July 15
Dr Cash 8,000
Cr Service revenue 8,000
July 19
Dr Accounts payable 500
Cr Cash 500
July 31
Dr Cash 9,000
Cr Service revenue 9,000
Dr Retained earnings 600
Cr Dividends payable 600
Dr Dividends payable 600
Cr Cash 600
Aiden is likely designing the blog for public relations and media relations which is letter c. It is because the public and media relations are involved
with informing the public with certain information that are consistent and in a
manner that is considered to be credible. In which his design correlates or is
associated with the public and media relations.
Devon is in the <u>"stage evaluation of alternatives" </u>of the buyer decision process.
At this stage, consumers assess distinctive items/marks based on fluctuating item properties, and whether these can convey the advantages that the clients are seeking. This stage is vigorously affected by one's demeanor, as "state of mind places one out of a temper: enjoying or despising a protest, moving towards or far from it". Another factor that impacts the assessment procedure is the level of inclusion. For instance, if the client inclusion is high, at that point he/she will assess various brands; while in the event that it is low, just a single brand will be assessed.
