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3 years ago

Which of the following BEST describes a distinctive competency of a firm?

Business

1 answer:

arlik [135]3 years ago

5 0

Answer:

C. A capability that is superior to the competition

Explanation:

Distinctive competency of a firm simply refers to a firm’s unique capability which makes the firm stand out in an area (areas such as marketing activities, technology etc) among their competitors. Distinctive competence makes a firm have an advantage over others, as well as perform better than other competitors.

For example, the distinctive competency of Apple is their ability to create well-designed products that are customer-centric and friendly to use.

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As of December 31, 2019, Armani Company’s financial records show the following items and amounts.

MrRa [10]

Answer:

Revenue (Consulting revenue + Rental revenue)=33000+22000=55000.

Operating expense (salaries expense+rent expense)=20000+12000=32000

Selling and administrative expense = 8000

Explanation:

Armani Company

Year end Income statement 2019

Revenue = 55000

less: Operating expense =(32000)

Gross Profit 23000

less :Selling and administrative expense = (8000)

Net profit 15000

Notes: Question should be mentioned the company nature of business so that we can identify company real business.

8 0

3 years ago

6. For a business that uses the allowance method of accounting for uncollectible receivables: (a) Journalize the entries to reco

Vika [28.1K]

Explanation:

The journal entries are shown below:

1 Bad debt expense $18,000

To Allowance for doubtful account $18,000

(Being the bad debt expense is recorded)

2 Allowance for doubtful account $350

To Accounts receivable $350

(Being the written off amount is recorded)

3 Accounts receivable $200

To Allowance for doubtful account $200

[Being account reinstated]

Cash $200

To Accounts receivable $200

(Being the payment is received)

4 Cash $400

Allowance for doubtful account $200

To Accounts receivable $600

(Being the amount received is recorded)

5 0

4 years ago

Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,29

Ierofanga [76]

Answer:

1. $2,296

2. $19.58

3. Total labor cost = Fixed cost + (variable cost × employee hour)

Explanation:

The computations are shown below:

1. The fixed cost would be

= High labor cost - (High employee hours × Variable rate per hour)

= $10,324 - (410 hours × $19.58)

= $10,324 - $8,028

= $2,296

2. Variable rate per hour = (High labor cost - low labor cost) ÷ (High employee hours - low employee hours)

= ($10,324 - $6,800) ÷ (410 hours - 230 hours)

= $3,524 ÷ 180 hours

= $19.58

3. The cost formula would be

Total labor cost = Fixed cost + (variable cost × employee hour)

= $2,296 + ($19.58 × employee hour)

5 0

3 years ago

Question 12 Which answer illustrates "compound interest"?

Ber [7]

Answer:D

Explanation:

7 0

3 years ago

A manager states that her process is really working well. out of 1,500 parts, 1,477 were produced free of a particular defect an

yaroslaw [1]

Six sigma is a philosophy and set of methods companies use to eliminate defects in their products and processes. It also seeks to reduce variation in the processes that lead to product defects. It measures quality, process for Continuous Improvement and enabler for culture change so culturally six sigma means companies must learn how to be nearly flawless in executing key processes and achieving business imperatives. Quantitatively six sigma means the average process generates no more than 3.4 defects per million. Therefore, based on the figures given above the defects per million opportunities (DPMO) is 15, 333 and the defective rate us 1.533% and the passed rate is 98.467%.

8 0

3 years ago

Which of the following BEST describes a distinctive competency of a​ firm?

Which of the following BEST describes a distinctive competency of a firm?