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4 years ago

True or false: diminishing returns will occur when investing in the same tqm initiative round after round.

1 answer:

8 0

The statement above is TRUE. At the initial stage, investing in the TQM will improve processes and quality until the highest possible point is reached. After this, each round of initiative will reach a point where improvement can no longer be added, at this point diminishing returns will set in.

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Oriole Company purchased equipment for $41600. Sales tax on the purchase was $2496. Other costs incurred were freight charges of

Aleksandr [31]

Answer:

The cost of the equipment is $45,416.

Explanation:

The cost of a newly purchased equipment is the addition of all relevant costs uncured in order to make the equipment ready for use.

The cost of the equipment includes costs such as purchase price, tax paid on the purchase, installation costs, etc.

However, any cost incurred to repair any damage to an equipment during installation is not part of equipment cost. Such repair costs are just ordinary expenses that are charged to the income statement during the period.

Based on the explanation above, the cost of the equipment by Oriole Company can be calculated as follows:

Equipment cost = Purchase price + Sales tax + Freight charges + Installation costs ..................... (1)

Since,

Purchase price = $41,600

Sales tax on the purchase = $2.496.

Freight charges = $624

Installation costs = $696.

Substituting the values into equation (1), we have:

Equipment cost = $41,600 + $2,496 + $624 + $696 = $45,416

Therefore, the cost of the equipment is $45,416.

5 0

3 years ago

Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Assets of $81.965 million Total Common Stock of $2

Vera_Pavlovna [14]

Answer:

Total Liabilities = $62.273 million

Explanation:

The accounting equation state that :

Total assets = capital + liabilities.

This is a fundamental relationship that underpins the preparation of financial statements

Capital for a company is represented by the shareholders funds which is the book value of issued common stock, share premium plus the retained earnings.

So we can apply the equation to the figures of Chester Corporation

81.965 =( $2.540 + 17.152 ) + liabilities

Liabilities = 81.965 - ( $2.540 + 17.1552 )

= $62.273 million

Total Liabilities = $62.273 million

5 0

3 years ago

TQK, LLC, provides consulting services and was formed on 1/31/X5. Aaron and ABC, Inc., each hold a 50 percent capital and profit

hichkok12 [17]

Answer:

Accrual method

Explanation:

As the average annual growth receipts is $27,000,000 which is greater than the $25,000,000 this amount reflects an exception due to which it cannot be applied for cash

Also the accrual method is also selected because it helps while subtracting the expenses instead of cash basis plus it also provides an accurate amount as compared with other methods. And, there is no need to maintain separate books for the purpose of tax

down the net income from the peak tax bracket.

5 0

3 years ago

The Board of Governors of the Federal Reserve a. members are appointed to four-year terms by the President and confirmed by the

Digiron [165]

Answer:

Option B

Explanation:

In simple words, The seven board members shall be selected by the president of the usa for a phased period of 14 years. The governing board regulates the operation of the federal reserve system and imposes a wide range of financial and consumer lending rules.

Through statute, the president of the usa may select the Board of Directors to have "equal reflection of the political , economic, manufacturing and business concerns and the regional sections of the nation." The country is split into 12 Federal Reserve constituencies and no two administrators may come from the very same Region.

6 0

4 years ago

g In the theory of comparative advantage, a good should be produced in that nation where Multiple Choice the production possibil

Lady_Fox [76]

Answer:

its cost is least in terms of alternative goods that might otherwise be produced

Explanation:

Comparative Advantage

This is simply explained as when an individual has an opportunity cost of performing a task is lower than the other individuals opportunity cost that is it is more efficient. It is the usual fundamental basis for international trade. Its principle includes production at a maximum peak to be achieved if each individual focus on the job or activities for which his or her opportunity cost is lowest.

Opportunity Cost

This is simply known as the highest valued of an alternative that must be given up so as to be involved or engage in an activity/job or task. There are several sources of a comparative advantage. They includes;

1. Climate and natural resources

2. Relative abundance of labor and capital

3. Technology

4. External economies etc.

3 0

3 years ago