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3 years ago

If W. Edwards Deming was your management consultant, he would emphasize

Business

1 answer:

VARVARA [1.3K]3 years ago

4 0

Answer:

Letter A. <u>Quality through constant innovation and quality assurance training.</u>

Explanation:

Alternative A is correct, as W. Edwards Deming was a pioneer scholar in the application of organizational quality management.

He was responsible for creating the 14 points, which are principles for management that will help the organization to achieve total quality. He was also responsible for popularizing the PDCA Cycle (PLAN, DO, CHECK, ACT), which is a strategic tool widely used worldwide to ensure continuous improvement and the quality of processes and products.

PLAN: define objectives, methods and resources.
DO: Perform, educate and train.
CHECK: Measure and evaluate
ACT: act correctly.

Continuous improvement can be achieved through the correct and targeted use of the PDCA cycle towards organizational objectives. For Deming, without continuous improvement, there is no survival of the organization in the market, so he argues that continuous improvement must be implemented in all phases of the project, to achieve the benefits of continuous improvement of processes, increased productivity and reduced costs.

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The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale

solong [7]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $400,000

To Common Stock capital $400,000

(Being cash is recorded)

2. Equipment Dr, $60,000

To Cash $15,000

To Note payable $45,000

(Being equipment is recorded)

3. Inventory Dr, $122,000

To Accounts payable $122,000

(Being purchase of inventory is recorded)

4. Accounts receivable $170,000

To Sales revenue $170,000

(Being sales revenue is recorded)

Cost of goods sold Dr, $102,000

To Inventory $102,000

(Being cost of goods sold is recorded)

5. Rent expenses Dr, $5,500

To Cash $5,500

(Being rent expenses is recorded)

6. Prepaid Insurance Dr, $6,550

To Cash $6,550

(Being insurance is recorded)

7. Accounts Payable Dr, $102,000

To Cash $102,000

(Being accounts payable is recorded)

8. Cash Dr, $76,500

To Accounts receivable $76,500

(Being cash is recorded)

9. Depreciation expenses Dr, $1,500

To Accumulated depreciation $1,500

(Being depreciation expenses is recorded)

6 0

3 years ago

Farrow Co. expects to sell 150,000 units of its product in the next period with the following results. Sales (150,000 units) $ 2

BabaBlast [244]

Answer:

Accept

Explanation:

The computation of the combined total net income is shown below:

Normal Volume Additional Volume Total

Sales $2,250,000 $180,000 $2,430,000

(15,000 × $12)

Costs and expenses:

Direct materials $300,000 $30,000 $330,000

Direct labor $600,000 $60,000 $660,000

Overhead $150,000 $22,500 $172,500

($150,000 × 15%)

Selling expenses $225,000 $225,000

Administrative expenses $385,500 $64,500 $450,000

Total costs and expenses $1,660,500 $177,000 $1,837,500

Incremental income (loss) from new business $589,500 $3,000 $592,500

Therefore, the company should accept the offer

6 0

3 years ago

The reason why reinvested earnings have a cost equal to the required rate of return is because investors expect to earn on those

KatRina [158]

Answer:

true the investors expect to earn on those funds

4 0

2 years ago

If $1,000,000 of 9% bonds are issued at 102 3/4, the amount of cash received from the sale is

Marina86 [1]

Answer:

b.$1,027,500

Explanation:

First we need to find the number of bonds issued so we will divide 1,000,000 by 100 as we assume 100 is the face value. 1,000,000/100=10,000

Now we will multiply the number of bonds by the issue price in order to find the amount of cash received.

10,000*102.75=1,027,500

6 0

2 years ago

Despite trade restrictions, international business is a. struggling for survival. b. decreasing. c. slowing down. d. moving slow

vlabodo [156]

Answer:

The answer is e. growing

Explanation:

The reason international business will continue to grow is because no nation can meet all its needs by itself. There will always be importation and exportation. This is where Comparative Advantage comes in.

What is comparative advantage?

Simply put, this is the ability of a company or an economy to produce and sell goods and services at a lower price than its competitors, and still realize a larger sales margin. This theory was introduced by the English political economist David Ricardo in 1817.

Another reason why international trade will continue to grow is because of Absolute Advantage.

Absolute advantage refers to the ability of an economy or a company to produce more or better goods and services than its others.

Let us assume that country A cannot produce its own oil, but country B can. In this scenario, country B has Absolute advantage over country A, therefore country A will naturally import oil from country B regardless of whether there are trade restrictions between them. This is because country A must fulfill its oil needs whether it likes it or not.

3 0

3 years ago