The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to figure out ways to change and implement new ideas within their group setting and project or business. The PDCA stands for plan-do-check-act. In the planning stage your team will plan by determining what the problem is and what ways to fix it. In the do stage, your team will act on the ways you can solve the problem. In the check stage you are looking to check your work and see what worked and what needs to be changed. The final stage is the act stage which if you find solutions that work, implement them moving forward.
Answer:
Remain the same; remain the same.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Natural Rate of Unemployment (NU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Cyclical unemployment rate (CU).
There are different measures used in the measurement of the unemployment rate in a country's economy and these includes;
A. U-1: this is the percentage of people that are unemployed for at least 15 weeks or more.
B. U-2: this is the percentage of the people who have lost their job or the people that finished a temporary job.
C. U-3: this is the percentage of the population that is unemployed but actively seeking employment.
All things being equal (ceteris paribus), the unemployment rate would remain the same and the labor force participation rate remain the same because Matilda has decided to cruise around the country on her motorcycle for a month before she starts looking for work.
Answer:
1.Warranty expense
$ 750
2.Estimated warranty liability
$ 750
3. Warranty Expense $ 0
4.
Estimated warranty liability
$ 626
5. Hitzu Co. Journal entries
Aug 16
Dr Cash 15,000
Cr Sales 15,000
Aug 16
Dr Cost of goods sold 7500
Cr Merchandise inventory 7500
Dec 31
Dr Warranty expense 750
Cr Estimated Warranty liability 750
Dec 31
Dr Estimated warranty liability 124
Cr Repair part inventory 124
Explanation:
1.
Warranty expense 5% of dollar sales
= 5% × $15,000 = $750.
2.
The December 31, 2017, balance of the liability equals the expense because no repairs are provided in 2017. Therefore, the ending balance of the Estimated Warranty Liability account is $750.
3.
The company should report no additional warranty expense in 2018 for this copier.
4.
The December 31, 2018, balance of the Estimated Warranty Liability account equals the 2016 beginning balance minus the costs incurred in 2018to repair the copier:
Beginning 2016 balance $ 750
Less parts cost (124)
Ending 2018 balance $626
Answer:
a) Regular coffee cups required to be sold = 4,690
b) Latte cups required to be sold = 2,010
Explanation:
As per the data given in the question,
For computing Contribution per mix :
Particulars Regular Coffee Latte
Sales price $1.60 $2.80
Less: variable cost $0.90 $1.70
Contribution $0.70 $1.10
Contribution per mix = ($0.70 × 70%) + ($1.10 × 30%)
= $0.82
Breakeven point at sales mix = Fixed cost ÷ Contribution per mix
=$5,494 ÷ $0.82
= 6,700 mixes
Requirement:
Cups of regular coffee for breakeven = Breakeven at sales mix × %of regular coffee sales
=6,700 × 70%
= 4,690 Cups
Cups of latte for breakeven = Breakeven at sales mix × %of latte sales
=6,700 × 30%
=2,010 Cups
They are called source documents.
