The <u>process </u>is a systematic series of actions that leads to a specific result or product.
<h3>What is a Process?</h3>
A process is a set of decisions and actions used to carry out the task. Although we may not be aware of them, processes are present in every sphere of our lives, including work and pleasure. Several instances of
processes may be:
- breakfast preparation
- Making a purchase
- establishing a budget
- A work order is written.
- A patient is triaged.
- sanitizing a space
- changing a car's oil
- placing truck straps
- refueling a vehicle
<h3>Timing and dependency of a Process</h3>
Awareness of genuine process behavior requires an understanding of timing and interdependence. The submitter only submitted background checks on Tuesday between 3:00 and 3:30 PM throughout the background check procedure outlined above. This implies that it can take up to 7 days for a pending background check to be filed. 14 extra days might be added to the background check procedure by three additional comparable delays. Understanding how actions inside a process are timed is essential to any improvement technique, but it is not made clear by the fundamental description. The framework for describing when a process takes place is not part of the fundamental concept of a process.
Therefore, As explained in your textbook, a <u>Process </u>is a systematic series of actions that leads to a specific result or product.
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If $500 cash and a $2,000 word are given in change for a delivery truck for use in a commercial enterprise The stockholders ' equity is increased.
Shareholders' equity is the amount that the owners of an employer have invested in their enterprise. This includes the money they've without delay invested and the accumulation of income the agency has earned and that has been reinvested since inception.
Shareholder fairness is the difference between a firm's overall property and general liabilities. This equation is known as a balance sheet equation as all of the relevant information can be gleaned from the stability sheet.
Stockholders' equity has three common components: paid-in capital, treasury stock, and retained earnings. Three types of commercial enterprise entities exist companies, sole proprietorships, and drift-via entities which include partnerships. Stockholders' fairness applies most effectively to the corporate enterprise entity.
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Answer:
Crane Company
If Crane Company uses LIFO, the value of the ending inventory is:
= $440.
Explanation:
a) Data and Calculations:
Units Unit Cost Total Cost
1/1/20 inventory 150 $4.00 $600
1/15/20 Purchase, 70 5.10 357
1/28/20 Purchase, 70 5.30 371
Total 240 $1,328
1/31/20 inventory 110 $4.00 $440 ($4.00 * 110)
b) The LIFO method assumes that goods that are sold first are the last that were purchased. Therefore, the cost of the ending inventory is usually based on the cost of the earlier inventory purchased. In our case, the cost per unit was based on the beginning inventory balance.
Answer:
c
Explanation:
theprice would be too high
