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Karolina [17]
3 years ago
7

Marcus was asked to represent the cardiac unit as part of a Total Quality Management (TQM) initiative that is aimed at improving

the overall quality of care at his hospital. Other departments, such as orthopedics, neurology, oncology, and pediatrics also have representatives on this team. This TQM team is an example of ________.
Business
1 answer:
Ronch [10]3 years ago
8 0

Answer:

a cross-functional team

Explanation:

A cross-functional team is an example of cross-department or a cross-cultural team. In the above example, the hospital has managed to design a team for the betterment of the hospital by gathering doctors from all the departments. It a cross-functional team because this team consists of the various department such as orthopaedics, neurology, oncology, and paediatrics.

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Bloom Corporation purchased $1,000,000 of Taylor Company 5% bonds at par with the intent and ability to hold the bonds until the
VashaNatasha [74]

Answer:

1)

Since Bloom plans to sell the bonds, it must record the entire loss as credit loss (loss on sale of bonds)

Dr Other than temporary impairment loss 400,000

    Cr Discount on bond investment - Taylor bonds 400,000

Credits losses must be recognized as a loss in earnings in the income statement.

2)

Journal entry to record credit loss:

Dr Other than temporary impairment loss 250,000

    Cr Discount on bond investment - Taylor bonds 250,000

Journal entry to record non-credit loss:

Dr Other than temporary impairment loss 150,000

    Cr Fair value adjustment - Taylor bonds 150,000

Non-credit losses must be recognized as part of other comprehensive income/loss and must be disclosed separately than credit losses. They must be reported in the balance sheet (they lower retained earnings directly), not the income statement.

3 0
3 years ago
If the price elasticity of supply is 0.5 and the quantity supplied decreases by 6%, then the price must have decreased by 3%. a.
PolarNik [594]

Answer: False

Explanation:

The price elasticity of supply measures the change in quantity supplied when the price changes.

The basic trend is that when price increases, quantity supplied increases as well. The reverse is true.

Price elasticity of supply = %Change in quantity supplied / % change in price

0.5 = -6% / Change in price

0.5 * Change in price = -6%

Change in price = -6% / 0.5

= -12%

The statement above is therefore false because price should have reduced by 12% for quantity supplied to reduce by 6%

3 0
3 years ago
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling pri
natta225 [31]

Answer:

inventory value=$ 377,000.00  

Explanation:

In applying the rule of the lower cost of cost or net realizable value,we compare NRV(selling price minus cost to sell) with the replacement cost(current price), where the lower of the two is then compared against the original cost of the inventory item as done in the attached.

Value of inventory=$120,000+$126,000+$90,000+$41,000=$377,000.00  

 

Download xlsx
8 0
3 years ago
ohansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The
Elodia [21]

Answer:

The right solution is "$ 2.50 per DLH".

Explanation:

The given values are:

Rent,

= $ 15,000

Factor equipment's depreciation,

= $ 8,000

Indirect labor,

= $ 12,000

Production supervisor's salary,

= $ 15,000

Estimated DLHs,

= 20,000

The total manufacturing overhead will be:

= Rent+Factory's \ equipment \ depreciation+Indirect \ labor+Production \ supervisor's \ salaryOn substituting the given values, we get

= 15000+8000+12000+15000

= 50,000 ($)

Now,

The predetermined overhead rate will be:

=  \frac{50000}{20000}

= 2.50 \ per \ DLH ($)

3 0
3 years ago
The Astro World amusement park has the opportunity to expand its size nowâ (the end of yearâ 0) by purchasing adjacent property
STatiana [176]

Answer:

Percent increase as a result of expansion = 30%

Price of admission = $35

Cashflow attributable to the park's expansion = Estimated attendance without expansion * percent increase as a result of expansion * admission fee - additional operating costs per year.

Year 1

= 31,000 * 30% * 35 - 100,000

= $225,500

Year 2

= 35,000 * 30% * 35 - 100,000

= $267,500

Year 3

= 36,750 * 30% * 40 - 100,000

= $341,000

Year 4

= 38,500 * 30% * 40 - 100,000

= $362,000

Year 5

= 42,000 * 30% * 40 - 100,000

= $404,000

6 0
3 years ago
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