<span>The cheapest method to transport heavy goods and material is through cargo ships by the sea for long distance carriages. But this method is time consuming and not as flexible as other methods of transport. You can mostly only send bulky non perishable heavy goods by this method of transport and you cannot rely on this method of long distance transport if you are sending products that are in high demand in market as it is time consuming.</span>
Answer:
<u>Centralized decision making authority</u>
Explanation:
The concept of total quality management was proposed by Edwards Deming who laid immense emphasis upon improvement of product quality and providing highest value to the customers.
The concept aims at providing high quality goods, effective after sales services, driven by the objective of providing highest level of possible satisfaction to the customers.
TQM includes benchmarking which means creating standards or benchmarks against which actual performance shall be evaluated.
It includes continuous improvement in products and services as this being one of it's objectives.
The concept does not incorporate centralized decision making which refers to decisions being taken only by the top management with subordinates having negligible say. Such decision making would increase the time and hence reduce efficiency.
Answer:
($500) = NA + NA + ($500)
Explanation:
In this question, the following accounting equation is used
Assets = Liability + common stock + retained earnings
As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e
($500) = NA + NA + ($500)
As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500
Answer:
Equipment $ 16,216 (debit)
Note Payable $ 16,216 (credit)
Explanation:
The Present Value of the Note is used as the measurement Cost of the Equipment
From this value we would subsequently calculate the depreciation as the equipment is being used.
The Note Payable will be amortised over three years to reflect the Carrying amount of the Liability
Answer:
$5,055,000
Explanation:
Note: <em>The full question is attached below</em>
<em />
Particulars Amount
Cash $875,000
Accounts receivable $2,695,000
Less: Installments not due in 2021 <u>($600,000)</u> $2,095,000
[$1,200,000 - ($150,000 * 4)]
Inventory <u>$2,085,000</u>
Total of current assets <u>$5,055,000</u>