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Yuri [45]
3 years ago
12

According to business process management, identify the management's next step after developing a vision for the organization.

Business
1 answer:
elena55 [62]3 years ago
8 0

Answer:

They should identify the critical processes that are to be redesigned.

Explanation:

Business process management focuses mainly on activities which is directed toward improving the company performance. It involves critically analysing, evaluating and improving various business processes.

Examples of business management tools include: Zoho creator, Pega platform, Bonita Bpm, Processmaker. These various tools helps to cut down different costs, build a stronger customer interaction, helps to develop an edge against competitors, reduce inefficiency among enployees, ensure smooth running of the organisation.

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Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the A. supply of
prohojiy [21]

Answer:

<em>B. demand for Apple computers decreases.</em>

Explanation:

If two things are substitute of each and other, that generally in simple words means either this or this. As we can see in the statements that has been provided in the question that Dell and Apple computers are substitute of each other, <em>so if the amount from Dell computer decreases then the demand of the computers made by Apple company will absolutely decrease. </em>

Because two devices which carries almost same qualities and features are also substitute of each other, i<em>f price of one device from the both substitutes will decrease, everyone will rush to buy the device with low price and the device with high price will get less popular among the consumers.</em> So, this is the reason which says OPTION(B) is the correct answer.

7 0
3 years ago
During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as f
malfutka [58]

Answer:

Explanation:

journal entries in the books of AXE

jan 6   purchased goods from Green worth $1200 term 2/10 , n/30

                                      Inventory a/c $1200

                               Accounts Payable - green $1200

jan 6    purchased goods from munoz worth $900

                                                          inventory a/c$900

                                         Accounts Payable - munoz $900

jan 14   Payment being made to green. Since payment is made within 8 days so discount will be recieved by Axe( note term 2/10 means if payment is made within 10 days axe will recieve discount @2%)

                                       Accounts payable - green $1200

                                                                         Cash                  $1,176

                                                         discount recieved              $    24

( being discount recieved [email protected]% = $24)

Feb 2 payment made to munoz , since it is paid after 10 days no discount will be recieved

                          Accounts payable- munoz $900

                                                      Cash                $900

feb 28                  purchased goods worth $350 from reynold

                                                   Inventory $350

                                                          Accounts payable - reynold $350

5 0
3 years ago
_______ includes the assessment and improvement of business strategies, economic sectors, work practices, technologies, and life
dezoksy [38]

Answer:

Sustainable development

Explanation:

Sustainable development is a synthesis between neoclassical economics and enviromentalism. It aims at bringing economic development and enviromental protection togheter, arguing that both things are possible.

Because of climate change, pollution, and public pressure, sustaniable development has become a very important part in political and business culture.

Both governments and firms now try to implement sustainable methods such as recycling, protecting the forests, or using renewable energies. Sometimes these measures become mandatory by law.

8 0
3 years ago
On January 1, Revis Consulting entered into a contract to complete a cost reduction program for Green Financial over a six-month
Naddika [18.5K]

Answer:

1. Jan 31  Debit Cash $53,600

                         Credit Accounts receivable $53,600

2. June 30  Debit Cash $80,400

                           Credit Deferred Revenue $21,440

                           Credit Bonus Received $5,360

                           Credit Accounts Receivable $53,600

3. June 30 Debit  Penalty Payable $26,800

                 Debit Cash                       $53,600

                             Credit Accounts Receivable $53,600              

                             Credit Deferred Revenue $21,440

                             Credit Bonus adjustment $5,360

Explanation:

The question required that the month end revenue actually realized under the contract be journalized.

1.$53,600/- is a monthly payment which Revis will be receiving from Green Financial for every month for 6 months. Hence the receipt increases cash/bank balance and these are receivable under the contract. Hence accounts receivable is credited against the actual money received in the first month.

2.If cost saving targets are achieved by Revis, then apart from the monthly payment of $53,600/-, Green Financials has agreed to pay $26,800/- as bonus. Since the question states that Revis estimates that 80% it will reach the target, it would have accounted for the 80% as deferred revenue to be received. Hence 80% of $26,800/- is recorded under deferred revenue. Since now entire $26,800/- is received, the remaining 20% is shown as bonus received.  

3.When the targets are not met, the deferred revenue recognized is reversed and penalty is paid. The difference of 20% is shown as bonus adjustment amount. The regular monthly income of $53,600/- is recognized as is.

6 0
3 years ago
On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00
Reika [66]

Answer: $69,959

Explanation:

The amount of interest expense, that Corso will record on December 31, 2019, the company’s fiscal year end will be calculated thus:

First, we calculate the present value of payment which will be made on September 30,2020 and this will be:

= $1000000 × 0.857339

= $857339

Then, the interest expense on December 31,2018 will be:

= $857339 × 8%/12 × 3

= $17147

Therefore, the Interest expense on December 31,2019 will be:

= ($857339 + $17147) × 8%

= $874486 × 0.08

= $69959

3 0
3 years ago
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