1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amm1812
3 years ago
5

What is the main goal of a six sigma implementation?

Business
1 answer:
ki77a [65]3 years ago
5 0
Overall improvement of quality.

The goal is to Increase profits by eliminating existing product variability, defects and waste that are undermining customer loyalty.

I found a diagram on google that’s colorful and looks helpful if you’d like to doodle it in your notes ☺️

You might be interested in
Cordell Inc. experienced the following events in Year 1, its first year of operation: Received $59,000 cash from the issue of co
faltersainse [42]

Answer:

a & c. See part a & c of the attached excel file for the table. In the attached excel file, Total revenue = $100,000; and Total expenses = $61,900.

b. The amount of net income reported on the 2018 income statement is $38,100.

d. The amount of cash flow from operating activities reported on the 2018 statement of cash flows is $25,000.

e. Before closing balance in service revenue account = $100,000; and After closing balance = $0.

f. The balance of the retained earnings account that appears on the 2018 balance sheet is $32,200.

Explanation:

a. & c. Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, IA for investing activity and NA to indicate the element is not affected by the event.

Note: See part a & c of the attached excel file for the table.

From the attached excel file, we have:

Total revenue = $100,000

Total expenses = $61,900

b. Based on your response to Requirement a, determine the amount of net income reported on the 2018 income statement.

Based on part a & c above, we can determine this as follows:

Net income = Total revenue - Total expenses = $100,000 - $61,900 = $38,100

Therefore, the amount of net income reported on the 2018 income statement is $38,100.

d. Based on your response to Requirement c, determine the amount of cash flow from operating activities reported on the 2018 statement of cash flows.

Note: See part d of the attached excel file for the amount of cash flow from operating activities.

From the attached excel file, we have:

Cash flow from operating activity = $25,000

Therefore, the amount of cash flow from operating activities reported on the 2018 statement of cash flows is $25,000.

e. What is the before- and after-closing balance in the service revenue account?

Before closing balance in service revenue account = Services performed on account + Services performed for cash = $81,000 + $19,000 = $100,000

After closing balance = $0

The "after closing balance" is equal to zero because, at the end of a particular period, the balance of the service revenue account turns to $0 when the firm has to close the balance of the service revenue account in the retained earnings.

f. What is the balance of the retained earnings account that appears on the 2018 balance sheet?

Retained earnings = Net income - Cash dividend paid to the stockholders = $38,100 - $5,900 = $32,200

Therefore, the balance of the retained earnings account that appears on the 2018 balance sheet is $32,200.

Download xlsx
6 0
2 years ago
"suppose that an angry customer started yelling at you in front of other customers. what would you do?" this type of interview q
castortr0y [4]
A future-focused question
8 0
3 years ago
Read 2 more answers
Suppose a state lottery prize of $8 million is to be paid in 5 payments of $1,600,000 each at the end of each of the next 5 year
slavikrds [6]

Answer:

The answer is $5767641.92

Explanation:

PV of an Annuity = C x [ (1 – (1+i)-n) / i ]

PV of an Annuity = $1,600,000  x [ (1 – (1+0.12)-5) /0.12 ] = $5767641.92

The present value of the prize is $5767641.92

7 0
3 years ago
Select the examples of Buying and Merchandising workplaces. Check all that apply.
KiRa [710]

Answer:

2,3,4,5

Explanation:

...

3 0
3 years ago
Read 2 more answers
The day sheet is a(n):
PIT_PIT [208]

Answer:

[A] chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

Explanation:

3 0
2 years ago
Other questions:
  • Barredo Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its aver
    6·1 answer
  • g"Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, a
    9·1 answer
  • What price must a company typically pay to buy another company? The price will: 1. include some premium over the current market
    13·1 answer
  • Herring Corporation has operating income of $265,000 and a 25% tax rate. The firm has short-term debt of $110,000, long-term deb
    13·1 answer
  • Technical Performance Measures should be selected for those parameters that: [Use Technical Performance Measures to track progre
    8·1 answer
  • Klumper Corporation is a diversified manufacturer of industrial goods. The company’s activity based
    15·1 answer
  • How does clothing satisfies human want​
    5·1 answer
  • Armed only with his fingers, the owner decides that the safest forecasting approach is a linear trend line. His fingers are achi
    6·1 answer
  • Challenges of internship simulation workshop
    5·1 answer
  • General Product Inc. distributed 150 million coupons in 2021. The coupons are redeemable for 40 cents each. General anticipates
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!