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Ivanshal [37]
3 years ago
12

Assume the process of obtaining a​ driver's license is considered too long because of too few people who can administer the fina

l driving test. One way to resolve this problem is to hire more people who can give the driving test. This is an example of a change in process​ __________.
Business
1 answer:
vfiekz [6]3 years ago
8 0

Answer:

Process resources.

Explanation:

Assume the process of obtaining a​ driver's license is considered too long because of too few people who can administer the final driving test. One way to resolve this problem is to hire more people who can give the driving test. This is an example of a change in <u>process resources.</u>

Process resouces: It is a management strategy to resolve operational issue and get smooth work flow in the process by hiring more resources to reduce waiting time and deliver the services as per expectation and on the time. It show the operational efficiency of process.

In the given case, hiring more people to adminster driving test will help in reducing the waiting time of customer and deliver services as per expectation.

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Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol
jolli1 [7]

Answer:

Date       General Journal                                Debit       Credit

Dec 31    Supplies expenses                           $2,300

               (1,650+3,800-3150)

                      Supplies                                                       $2,300

               (To record the supplies used during the period)

Dec 31     Insurance expenses                         $1,650

                      Prepaid expenses                                        $1,650

                (To record the insurance expired for December)

Dec 31      Salaries expenses                            $15,300

                       Salaries payable                                          $15,300

                (To record the unpaid salaries)

Dec 31        Deferred revenue                            $1,150

                   (3450/3 months)

                          Rent revenue                                             $1,150

                   (To record the revenue earned during the period)

7 0
3 years ago
Work-in-process that is being transferred into a department is debited to that work-in-process account, while work-in-process th
oksian1 [2.3K]

Answer:

True

Explanation:

Work in process refers to those goods which require further processing. When a department transfers work in process(WIP) to another department, the recipient department's stock of WIP is debited i.e debit the receiver principle.

Similarly work in process that is being transferred out of a department would be recorded like Purchase return i.e credit what goes out.

A debit in WIP account increases it's balance whereas a credit in WIP account reduces it's balance.

4 0
3 years ago
The type of unemployment associated with recessions is called:
kherson [118]

Answer:

cyclical unemployment

5 0
3 years ago
An increase in the price of cheese crackers from $2.25 to $2.45 per box causes suppliers of cheese crackers to increase their qu
Juliette [100K]

Answer:

The correct answer is C) "elastic, and the price elasticity of supply is 1.74"

Explanation:

Formula:

( (Qf - Qi) ÷ ((Qf + Qi) ÷ 2) )             ÷             ( (Pf - Pi) ÷ ((Pf + Pi) ÷ 2) )

       Quantity                                                                 Price

Lets remplace:

Qi = Initial Quantity = 125 boxes

Qf = Final Quantity = 145 boxes

Pi = Initial Price = $2.25

Pf=  Final Price = $2.45

Quantity                                                                   Price

(145 - 125) ÷ ((145 + 125) ÷ 2)      ÷     (2.45-2.25) ÷ ((2.45+2.25)÷ 2)

= (20) ÷ (270÷ 2)                                           = (0.2) ÷  (4.7 ÷ 2)

= 20 ÷  135                                                    = 0.2 ÷ 2.35

= 0.148                                                          = 0.085

Finally:  we divide the result of quantity into the result of price

= 0.148 ÷ 0.085

= 1.74

To classify into elastic or inelastic:

When Pes > 1, then supply is price elastic

When Pes < 1, then supply is price inelastic

When Pes = 0, supply is perfectly inelastic

Answer:  <em>Elastic, and the price elasticity of supply is 1.74</em>

4 0
3 years ago
Makers Corp. had additions to retained earnings for the year just ended of $261,000. The firm paid out $194,000 in cash dividend
gladu [14]

Answer:

a. $3.5 per share

b. $1.49 per share

c. $38.38 per share

d. 1.93 times

Explanation:

The computation is shown below:

a. Earning per share = (Net income) ÷ (Number of shares)

where,

Net income =  Additions to retained earnings + cash dividends

                    = $261,000 + $194,000

                    =  $455,000

So, the earning per share equal to

= $455,000 ÷ 130,000 shares

= $3.5 per share

b. Dividend per share = (Total dividend) ÷ (number of shares)

= ($194,000) ÷ (130,000 shares)

= $1.49 per share

c. Book value per share = (Total equity) ÷ (number of shares)

= ($4,990,000) ÷ (130,000 shares)

= $38.38 per share

d. Market to book ratio = (Market price per share) ÷ (book value per share)

= $74 ÷ $38.38

= 1.93 times

7 0
3 years ago
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