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lora16 [44]
3 years ago
11

Tim's Auto Service stations were fined for failure to provide the services billed and other things. After being fined, Tim's ref

ocused its business and began a coordination of efforts directed at improving customer satisfaction, increasing employee participation in decision making, improving supplier partnerships, and facilitating an organizational atmosphere of continuous quality improvement known as:________.
a. total quality management.
b. total quality commitment.
c. quality improvement planning.
d. customer satisficing
Business
1 answer:
Fudgin [204]3 years ago
8 0

Answer:

The correct answer is a. total quality management.

Explanation:

It is known as total quality management to a business management strategy that consists of the study and assessment of the concept of quality in each of the phases of a production process. The purpose is the constant improvement of goods and services offered and the achievement of greater customer satisfaction.

Another way to understand this concept is as a mechanism for studying and monitoring the processes and human work of a firm. It is also called through its English translation: Total Quality Management (TQM).

The denomination of total is understandable from the perspective that the quality required and evaluated in the strategy includes both the different levels and elements of a company and the human group that works in it. That is, the search for quality prevails in each of the different organizational processes.

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Onslow Co. purchased a used machine for $178,000 cash on January 2. On January 3, Onslow paid $2,840 to wire electricity to the
arsen [322]

Answer:

2nd January

Dr Machinery              $178,000

  Cr Cash                    $178,000

( to record the purchase of used machine)

3rd January

Dr Machinery              $4,000

  Cr Cash                    $4,000

(to capitalized the cost of wire electricity and installation to put the purchased machine in a ready-to-use stage).  

Explanation:

- According to the information, all the expenses relating to the purchase of used machine are in cash. Thus, Cash is credited at the total amount of $182,000, in which $178,000 is credited in 2nd January to record the purchased price and the other $4,000 (2,840 + 1,160) is credited in 3rd January.

- Under GAAP, the recorded costs of a purchased fixed asset should included all the costs incurred which are necessary to bring the fixed asset to a ready-to-use stage. As wire electricity cost & cost for securing the machine in its position are all necessary for the machine's operation, these costs should be capitalized.  

6 0
3 years ago
Stock A has an expected return of 10% and a standard deviation of 20%. Stock B has an expected return of 13% and a standard devi
Nina [5.8K]

Answer:

Expected Portfolio return = 0.5(10)+0.5(13)= 5+6.5=11.5%

Expected Portfolio SD= 0.5(20)+0.5(30)= 25%

Beta of A, 10= 5+B(6)

5=6B

B= 5/6= 0.833

B of B, 13=5+B(6)

8=6B

B=8/6

B=1.33

b. Portfolio AB's standard deviation is 25%

c. Stock A's beta is 0.8333

These two statements are correct

Explanation:

3 0
2 years ago
For each of the following products and services, indicate whether it is more likely produced in a process operation or in a job
lord [1]

Answer:

Process operations are for when there are multiple goods to be produced. These products normally have the same specifications so can be mass produced.

This is different from Job order operation which is used when a single good is product. It is usually used for customized goods.

Process operations:

  • Beach towels
  • Bolts and nuts
  • Lawn chairs
  • Headphones

Job Order operation

  • Designed patio.
3 0
3 years ago
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000.
jarptica [38.1K]

$275,000

257,000    Beginning Equity

+51,000     Net Income

+6,000      Investments from stockholders

=314,000   New total

-40,000     Minus dividends payed to stockholders

=275,000   Equals ending equity

5 0
3 years ago
From the following list of steps in the accounting cycle, identify what two steps are missing: Transactions are analyzed and rec
weeeeeb [17]

Answer:

The Accounting Cycle refers to the process of recording and analyzing the transactions of a business into it's books so that proper financial statements may be recorded and used.

It happens in 10 steps which are;

1. Transactions are analyzed and recorded in the journal.

2. Transactions are posted to the ledger. ( Missing)

3. An unadjusted trial balance is prepared.

4. Adjustment data are assembled and analyzed.

5. An optional end-of-period spreadsheet (work sheet) is prepared.

6. Adjusting entries are journalized and posted to the ledger.

7. An adjusted trial balance is prepared.

8. Financial statements are prepared. (Missing)

9. Closing entries are journalized and posted to the ledger.

10. A post-closing trial balance is prepared.

Step 2

After posting transactions to their journals, the transactions go to the General ledger.

Step 8.

Using the details from the adjusted trial balance, the Financial Statements can then be prepared with the correct figures.

7 0
2 years ago
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