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3 years ago

Define quality controll

Business

2 answers:

kenny6666 [7]3 years ago

6 0

Answer:

Quality control (QC) is a process through which a business seeks to ensure that product quality is maintained or improved with either reduced or zero errors. Quality control requires the business to create an environment in which both management and employees strive for perfection.

kenny6666 [7]3 years ago

3 0

A system of maintaining standards in manufactured products by testing a sample of the output against the specification.

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3 years ago

Eli and Marilyn ask Gracie to be the administrator of their will and the guardian of their children if they pass away before the

kobusy [5.1K]

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a. involve a high degree of trust and confidence.

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3 years ago

How long does someone stay on your best friend list on Snap chat??

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2 years ago

After learning more about implied warranties and disclaimers, would you ever buy an item sold "as is"? Imagine a car salesman wh

atroni [7]

Answer:

one should go to buy a car for $8000

Explanation:

given data

car = $8,000

price down = $6,500

solution

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Disclaimer is a statement that order are used to prevent the creation of a warranty or contract.
After learning about the implied warranty and disclaimer, I was not going through the items sold.
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2 years ago

Mark or Make is a bourbon distillery. Sales have been steady for the past three years, and operating costs have remained unchang

schepotkina [342]

Answer:

a. No allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense 210,000 210,000 210,000

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 0 0 0

Revenue after Rent paid 140,000 139,000 141,000

Less: Corporate Taxes at 30% 42,000 41,700 42,300

Net Income $98,000 $97,300 $98,700

Considerations for No Allocation

- Taxes are to be deducted from Gross Profit.

- Rent not to be deducted from Gross Profit.

b. Comprehensive Allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense 210,000 210,000 210,000

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 60,000 60,000 60,000

Revenue after Rent paid 80,000 79,000 81,000

Less: Corporate Taxes at 30% 24,000 23,700 24,300

Net Income 56,000 55,300 56,700

Considerations for Comprehensive Allocation

- Taxes are to be deducted from Gross Profit.

- Rent is to be deducted from Gross Profit.

c. No allocation distorts Mark or Make’s Net Income for all three years. This is because if Rent is not allocated taxes will be calculated on Gross Revenue. That is to say, Rent is a Non-Operating Expense and hence is to be deducted from Revenue to Calculate the Taxes. When Revenue is reduced, obviously, the taxes will be reduced. Hence, less income is seen in Comprehensive Income Statement and more Revenue is seen in Simple - Non Comprehensive Statement.

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2 years ago

Define quality controll​

Define quality controll