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stealth61 [152]
2 years ago
14

Geometrica designs and builds domes and space frames for large buildings. While the company had developed quality standards over

time to respond to different client problems and training needs, it lacked a unified quality system, and its global client base wanted assurance that Geometrica met an established international standard for quality. Which of the following was an appropriate step for this company to take?A- Reform its accounting and financial reporting systems to comply with Sarbanes-OxleyB- Establish and document a quality management system to comply with ISO 9000
Business
1 answer:
kherson [118]2 years ago
7 0

Answer:

B- Establish and document a quality management system to comply with ISO 9000.

Explanation:

Establish and document a quality management system to comply with ISO 9000. ISO 9000 is a quality management standard which helps the organizations to ensure that they meet the customer requirements while meeting the regulatory requirements related to the product. In the above case, as the company wants to establish international standard for quality, establishing a quality management system to comply with ISO 9000 would be appropriate.

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What will a contingency note contain?
kykrilka [37]

Answer:

Contingencies are potential liabilities that might result because of a past event

Explanation:

Reasonably possible losses are only described in the notes and remote contingencies can be omitted entirely from financial statements.

4 0
2 years ago
A country reported nominal GDP of $200 billion in 2010 and $180 billion in 2009. It also reported a GDP deflator of 125 in 2010
QveST [7]

Answer:

19%

Explanation:

Given that,

Nominal GDP in 2010 = $200 billion

Nominal GDP in 2009 = $180 billion

GDP deflator in 2010 = 125

GDP deflator in 2009 = 105

Percentage change in prices:

= Percentage change in GDP deflator

= (Change in GDP deflator ÷ GDP deflator in 2009) × 100

= [(125 - 105) ÷ 105] × 100

= (20 ÷ 105) × 100

= 0.19 × 100

= 19%

Therefore, the prices increases by 19%.

6 0
3 years ago
Hot Shot Delivery Inc. provides the following year end data:
damaskus [11]

Answer:

c. 42.6%

Explanation:

Average total assets = $410,000+$257,000/2

Average total assets = $667,000

Average total assets = $333,500

Net income = $112,000

Interest expenses = $30,000

Return on total assets = Net income + Interest expenses / Average total assets

Return on total assets = $112,000 + $30,000 / $333,500

Return on total assets = 0.42388060

Return on total assets = 42.39%

4 0
2 years ago
Chilton, Inc. sold 11,900 units last year for $20 each. Variable costs per unit were $3.00 for direct materials, $2.60 for direc
kvasek [131]

Answer:

a. Total contribution margin is $140,420.00

b. Unit contribution margin is $11.80

c. Contribution margin ratio is 0.59.

Explanation:

a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.)

Sales revenue = 11,900 × $20 = $238,000

Total variable cost = (11,900 × $3) + (11,900 × $2.6) + (11,900 × $2.6) = $97,580

Total contribution margin = $238,000 - $97,580 = $140,420.00

b. What is the unit contribution margin?

Unit contribution margin = Total contribution margin ÷ Units sold = $140,420.00 ÷ 11,900 = $11.80

c. What is the contribution margin ratio? (Round your intermediate calculations and final answer to 2 decimal places.)

Contribution margin ratio = Unit contribution margin ÷ Unit selling price = $11.80/20.00 = 0.59.

7 0
3 years ago
Choose the scenario(s) below where the consumer behavior is a function of an interpersonal influence. a. You purchase a new smar
Andreyy89

Answer:

Explanation: c. You buy an Audi sedan because the CEO of your company drives one.

e. You buy a ticket to a movie you’ve already seen because people you work with are going to the movie

6 0
3 years ago
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