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3 years ago

total quality management. B : enterprise resource planning. C : a balanced scorecard. D : corporate social responsibility.

Business

1 answer:

Degger [83]3 years ago

3 0

Answer:

1. Total quality management (TQM), as the name implies refers to the process where errors are continually being searched for, identified and corrected. This is usually done by a consumer/customer centric organization. The goal is to make sure all employees are dedicated to continuous improvements via continuous training and ultimately satisfy consumers’ needs

2. Enterprise resource planning: Is an integrated software that uses technology to seamlessly integrate all office backend processes. It helps in managing all day-to-day business processes and activities such as procurement, risk management and compliance, raising and issuance of purchase orders, project management etc. Examples of ERPs used are: Oracle, Sage, Microsoft Dynamics

3. A balanced scorecard is a strategic management tool used by organizations to provide feedbacks to employee based on their performance in a period. This could be done quarterly, bi-annually or annually. It is also used to monitor consequences arising from their inactions and actions.

4. Corporate social responsibility (CSRs): Are philanthropic gestures provided by a company, individuals or group of people to provide a sense of social accountability to a community or environment wherein they operate. E.g. construction of roads, boreholes etc

Explanation:

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3 years ago

Which of the following is required to be present in an Employment Verification Letter?

Furkat [3]

Answer:

name, title, salary, and dates of employment.

Explanation:

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3 years ago

If government cuts taxes. A. after tax income should increase shifting AD to the right to a higher equilibrium level of output B

Vera_Pavlovna [14]

Answer:

A. after tax income should increase shifting AD to the right to a higher equilibrium level of output

Explanation:

If the government reduces tax, the after tax income would increase and so woold demand. Thus, the aggregate demand curve would shift rightward to a higher equilibrium level of output.

If the government cuts taxes, after tax income should decrease shifting AD to the left to a lower equilibrium level of output

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3 years ago

A good example of a ______________ offense is selling alcoholic beverages to a minor

laila [671]

Minor criminal offense, specifically a strict liability offense. Strict liability refers to an offense made regardless of the the intent of action. In other words, even if you have no malicious intent, you are still liable for the offense. Another example is possession of drugs.

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3 years ago

Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in

jek_recluse [69]

Answer:

Brody Company

1. Direct Materials Used in Production:

Beginning balance, raw materials $124,000

Raw materials purchase 250,000

Raw materials for production $374,000

less raw materials, ending balance 102,000

Cost of Direct materials used $272,000

2. Total Prime Cost:

Cost of Direct materials used $272,000

Direct labor 140,000

Total Prime Cost $412,000

3. Total Conversion Cost:

Direct labor $140,000

Factor overheads:

Depreciation on factory equipment 45,000

Depreciation on building 30,000

Factory insurance 15,000

Property Taxes $20,000

Utilities for factory 34,000

Indirect labor salaries 156,000

Total Conversion Cost = $440,000

4. Cost of Goods Manufactured Statement:

Prime Cost $412,000

Conversion cost $440,000

Beginning Work in Process 124,000

less ending work in process (130,000)

Cost of goods manufactured $846,000

Unit Product Cost = $846,000/100,000 = $8.46

5. Cost of Goods Sold Statement:

Cost of goods manufactured $846,000

Beginning finished goods 84,000

less ending finished goods (82,000)

Cost of goods sold $848,000

6. Income Statement %

Sales Revenue $1,200,000 100

Cost of goods sold 848,000 71

Gross Profit $352,000 29

Operating Expenses:

Depreciation on building $50,000 4

Property Taxes 18,000 1.5

Sales Office Utilities 1,800 0.15

Administrative salaries 150,000 12.5

Sales office salaries 90,000 7.5

Sales Commission 60,000 5

Total Operating Expenses $369,800 31

Net Loss ($17,800) 14.83

Explanation:

Raw materials purchases $250,000

Direct labor 140,000

Depreciation on factory equipment 45,000

Depreciation on building 30,000

Depreciation on headquarters building 50,000

Factory insurance 15,000

Property taxes:

Factory 20,000 and Headquarters 18,000

Utilities for factory 34,000

Utilities for sales office 1,800

Administrative salaries 150,000

Indirect labor salaries 156,000

Sales office salaries 90,000

Beginning balance, raw materials 124,000

Beginning balance, work in process 124,000

Beginning balance, finished goods 84,000

Ending balance, raw materials 102,000

Ending balance, work in process 130,000

Ending balance, finished goods 82,000

b) Sales Commission = $60,000 (5% of $1,200,000)

c) Prime cost is the cost of direct raw materials and direct labor. Conversion cost includes the cost of direct labor and factory overheads.

6 0

3 years ago