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kobusy [5.1K]
4 years ago
14

Which of the following statements about operations management processes is NOT true? Group of answer choices Inputs to operation

s management processes can be materials, people, and/or information. Outputs of operations management processes are always tangible goods. Operations management processes involve transformation of inputs into valuable outputs. Design of operations processes should reflect what customers want.
Business
1 answer:
jenyasd209 [6]4 years ago
4 0

Answer:

Outputs of operations management processes are always tangible goods.

Explanation:

Operations management focuses on the production and distribution processes of both goods and services. Its main goal is to improve the efficiency and effectiveness of the processes involved.

When applying operations management o service processes, you  must pay attention to how the service is delivered to customers, e.g. procedures, schedules, activities, etc.

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Who is responsible for payment of self-employment tax on fees received by a professional fiduciary?
zlopas [31]
<span>If a person is self employed, they are responsible for paying their own taxes. There are tables available on line to calculate the amounts. They should be paid no less than quarterly. If the income is significant, an account should be set up, or they should be paid more frequently. There are fees for late payments.</span>
8 0
3 years ago
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production da
Lera25 [3.4K]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the variable and fixed costs:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (10,210 - 8,050) / (1,055 - 335)

Variable cost per unit= $3

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 10,210 - (3*1,055)

Fixed costs= $7,045

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 8,050 - (3*335)

Fixed costs= $7,045

<u>Now, the total cost for 1,180 hours:</u>

Total cost= 7,045 + 3*1,180

Total cost= $10,585

4 0
3 years ago
On March 12, Klein Company sold merchandise in the amount of $10,200 to Babson Company, with credit terms of 3/10, n/30. The cos
Sever21 [200]

Answer:

Given that,

Merchandise sold = $10,200

Cost of goods sold = $5,700

Selling price of the returned merchandise = $840

Cost of the merchandise returned = $470

Therefore, the journal entry is as follows:

On March 15,

(i) Sales Returns and Allowances A/c Dr. $840

                     To Accounts Receivable $840

(To record the sales returned)

(ii) Inventory A/c Dr. $470

             To Cost of Goods Sold A/c $470

(To record the cost of goods sold)

8 0
3 years ago
Which of the following inventory costing methods results in the lowest value of ending inventory during a period of rising inven
ziro4ka [17]

Answer:

d

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

If the LIFO method is used, the goods sold would be the more expensive ones while the ending inventory would consist of older inventories that are cheaper

For example, the following inventory were bought :

Jan 1 5 units of metals at $200

Jan 2 5 units of metals at $250

5 units are sold

If the LIFO method is used, the ending inventory would be the 5 units of metals purchased in jan 1 at $200

4 0
3 years ago
A firm earns a normal profit when its: Multiple Choice accounting profit is positive. economic profit is positive. economic prof
erastova [34]

Answer:

The correct answer is accounting profit is positive.

Explanation:

Economic profits are the difference between the total revenue earned by selling the goods and total costs incurred in the production process. It includes both implicit as well as explicit costs.

The explicit costs are the direct costs incurred in the production process. There is an actual payment involved.  

The implicit costs are the indirect costs incurred. They are generally the opportunity cost of sacrificing the alternative option. There is no actual payment involved.  

The accounting profits include only explicit costs incurred in the production process. It is the difference between total revenue earned and explicit cost.  

A normal profit means zero economic profits. But accountable profits is higher than economic profits, so there will be some positive accountable profit.

8 0
3 years ago
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