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Marina86 [1]
3 years ago
6

With respect to product quality, deming believed that a company should never ________. pay more attention to quality than to pri

ce be satisfied with its current level of quality try to fix a product if it "ain't broke" put quality ahead of profits
Business
1 answer:
antoniya [11.8K]3 years ago
3 0
<span>(B) is the most correct answer. Dr. Deming was a proponent of Total Quality Improvement, and felt that quality and improving such a measure should never be something that had an "endpoint." The company should always look for ways to improve the quality of a product or service.</span>
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Peterboro Supply has a current accounts receivable balance of $391,648. Credit sales for the year just ended were $5,338,411. Ho
andreyandreev [35.5K]

Answer:

Time taken will be 31.35 days

Explanation:

We have given account receivable = $391648

Credit sales for the year = $5338411

Number of days in an year = 365 days

We have to find the time taken on average for credit customers to pay off their accounts during the past year

Time taken is given by =\frac{365\times account\ receivable}{credit\ sales}=\frac{365\times3 91648}{5338411}=31.35days

5 0
3 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.5% of its annual credit sales of $975,000. Chan records its
Mademuasel [1]

Answer:

Journal entries below

Explanation:

Dec 31, Bad debts expense a/c Dr $4,875

To Allowance for doubtful a/c Cr $4,875

(To record bad debt expense)

Feb 1, Allowance for doubtful a/c Dr $580

To Accounts receivable - P. Park a/c Cr $580

(To record allowance for doubtful a/c)

June 5, Accounts receivable -P. Park Dr $580

To Allowance for doubtful a/c Cr $580

(To record bad debt written off)

June 5, Cash a/c Dr $580

To Accounts receivable - P. Park a/c Cr $580

(To record cash paid).

• Chen write off the receivable from balance sheet using the percentage of sales method of receivable of ($975,000 × 0.5%) = $4,875.

• Also on February 1, Chen writes off P.Park from receivable of $580 since he knew he will not pay but did pay on June 5 for $580; meaning that Chen reinstate the receivable afterwards collected cash from receivable.

7 0
3 years ago
Geraths Windows manufactures and sells custom storm windows for three-season porches. Geraths also provides installation service
UNO [17]

<u>Solution and Explanation:</u>

a. Prepare the journal entries for Geraths in 2014.

On July 1, 2014, Geraths enters into a contract with a customer for the purchase and installation of window for a price of $2,400. No journal entry.

On september 1, 2015.

Windows     = $2,000

Installation    = $600

Total             = $2,600

Allocation

<u>Particulars </u>                                                 <u>Amount </u>

Installation (\$ 600 / \$ 2,600) \times \$ 2,400                 554

Windows (\$ 2,000 / \$ 2,600) \times \$ 2,400               1,846

Revenue recognized                                        2,400

Date  Account details                                      Debit       Credit

Sep 1,2015  Cash                                          2,000  

Account receivable                                     400  

unearned service revenue                                            554

Sales revenue                                                           1846

Cost of goods sold                                       1100  

Inventory                                                                    110    

15 oct,2015  Cash                                            400  

unearned service revenue                               554  

Service revenue (installation)                                      554

Account receivable                                                       400

(Revenue recognized after service provided)

<u>On september 1,2015. </u>

Windows    = $2,000

Installation (\$ 400+(20 \% \times 400) = $480

Total                                           = $2,480

Allocation.

sales revenues  200,000

Particulars                                                    Amount

Installation                                                             465

Windows                                                             1,935

Revenue recognized                                             2,400

Date  Account details                             Debit             Credit

Sep 1,2015  Cash                                   2,400  

Account receivable                              400  

unearned service revenue                                         465

Sales revenue                                                         1935

Cost of goods sold                             1100  

Inventory                                                                   1100

(Windows delivered,Instailation recorded )    

15 oct,2015  Cash                                           400  

unearned service revenue                             465  

Service revenue (installation)                                      465

Account receivable                                                       400

(Revenue recognized after service provided)      

5 0
3 years ago
Which represents the hierarchical structure of a Google Analytics account from top to bottom?
kipiarov [429]

Answer: Account > Property> View.

Explanation:

Account: It is the access point for analytics, an organization can own more than one analytic account. In order to be able to access analytics and identify the property to be traced, at least an account is required.

Property: A property could be a website, device or a mobile application. An account could have more than one property, when a property is added to an account a tracking code is generated by analytics, this code can be used to receive data from that property. The tracking code has a unique identity, this identity helps to trace the data to that property.

View: It is the access point for reports. Before a user can view a report, there must be access which will be based on that view's data. Analytics creates the first view for a property when it is added to an account.

6 0
3 years ago
Yoga Center Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's N
Natalija [7]

Answer:

The correct answer is E.

Explanation:

Giving the following information:

Yoga Center Inc. is considering a project that has the following cash flow.

Year 0= -1200

Year 1= 400

Year 2= 425

Year 3= 450

Year 4= 475

Cost of capital= 14%

To calculate the Net Present Value we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf= cash flow

For example:

Year 3= 450/(1.14^3)

NPV= $62.88

7 0
3 years ago
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