1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Karolina [17]
3 years ago
8

How can you apply Total Quality Management, Six Sigma, Kaizen & Lean principles to improve the management of an academic ins

titution
Business
1 answer:
Vera_Pavlovna [14]3 years ago
4 0

Answer:

TQM , Six sigma and Kaizen principles are essential for the development of a quality education system.

Explanation:

  • TQM is the management principle that focuses on maintaining a total quality system in involves the clarification of the mission, vision, and values of academic institutions, many use it to improve the effectiveness and quality of the programs.
  • Self-evaluation and improvement of human relations. Helps to identify the barriers in academic institutions.
  • In education six sigma improves the quality of the matter taught the audio and visual devices like the projector in te conferencing and paper presentation etc. Skill development and creation of a value-added standard and help in emotional development.
  • The lean and kaizen have a streamlined process to improve efficiency in administering large scale programs helps to reduce cost, time and learning, applying analytical skills and developing competencies and improve workflow and opportunities.
You might be interested in
David Company has plans to produce 100,000 units of Product A and 200,000 units of Product B. The planned results of a month's o
alexandr402 [8]

Answer:

Break-even point= 114943 units

Product A:  77012 units

Product B:  37931 units

Explanation:

Giving the following information:

David Company has plans to produce:

Product A: 100,000 units.

Product B: 200,000 units.

Sales revenue:

Product A= 100,000*1.20= $120,000

Product B= 200,000*0.40= $80,000

Total= $200,000

Varable expense=

Product A= 0.60*100,000= $60,000

Prodcut B= 0.30*200,000= $60,000

Total= $120,000

Contribution Margin= $80,000

Fixed costs= $50,000

Net Income= $30,000

The formula of the break-even point with multiple products is:

Break-even point= Total fixed costs/ (weighted average selling price/ weighted average variable expenses)

First, we have to calculate the sales percentage of individual products in the total sales mix.

Total sales= 300,000 units

A: 200,000/300,000= 0.67

B:100,000/300,000=0.33

Weighted average selling price= (Sale price of product A × Sales percentage of product A) + (Sale price of product B × Sale percentage of product B)= (1.20*0.67)+(0.40*0.33)= $0.936

Weighted average variable expenses= (Variable costs of product A × Sales percentage of product A) + (Variable costs of product B × Variable expenses of product B)= (0.60*0.67) + (0.30*0.33) = $0.501

Now, we can calculate the break-even point:

Break-even point= 50,000/(0.936-0.501)= 114943 units

Product A: 0.67*114943= 77012 units

Product B: 0.33*114943= 37931 units

6 0
3 years ago
On November 15, Paulson Painting received a $6,000 cash payment from Apex Inc. in exchange for painting services to be provided
ahrayia [7]

Answer:

c. In Paulson's general ledger, the ending balance for the Cash account will be correct. However, the ending balance for the Service Revenue account will be too high and the ending balance for the Unearned Service Revenue account will be too low

Explanation:

Around 15th November, Paulson Painting endured a $6,000 cash amount from Apex Inc. in replacement for painting services to be rendered in the month of December. While posting the journal insertions correlated to this amount, Paulson's controller debits the Cash statement for $6,000 as well as charges Service Revenue toward $6,000. The statement which best describes the results of this posting is that, <u>in Paulson's general ledger, the ending balance for the Cash account will be accurate. Nevertheless, the ending balance regarding the Service Revenue account will remain extremely high as well as the ending balance for the Unearned Service Revenue account will remain extremely low.</u>

5 0
3 years ago
Renee paid $4,000 in mortgage interest on a $110,000 mortgage that was taken out when she bought her home several years ago. She
ruslelena [56]

Answer:

The amount that is deductible as interest expense for Renee in 2021 is:

= $4,000.

Explanation:

a) Data:

Home mortgage - $110,000

Interest on home mortgage = $4,000

Home equity loan for a cruise around the world = $130,000

Interest on the home equity loan = $8,000

Deductible interest expense for Renee in 2021 is $4,000

b) Usually, the interest expenses that a taxpayer pays on her home equity loan to enjoy a cruise around the world, on personal credit card, on automobile loan, and on other types of personal consumer finance interests are not tax-deductible.

4 0
2 years ago
F. Describe at least two examples of information the secondary source provided. (1-2
Arisa [49]
Wikipedia and textbooks
8 0
3 years ago
Read 2 more answers
Journalize all transactions for Jo Jo Music. Round all amounts to the nearest dollar. (For notes stated in days, use a 360-day y
DIA [1.3K]

Answer: Please refer to Explanation

Explanation:

The following is a compound journal. I shall record the accounts that need to be debited first and then the account to be credited.

Dec 6

DR Notes Receivable - Concord Sounds $9,000

CR Accounts Receivable - Concord Sounds $9,000

(To record note received as settlement)

Dec 31

DR Interest Receivable (9,000 * 12% * ((25 days since Dec 6)/360) $ 75

CR Interest Revenue $75

(To record accrued interest)

Dec 31

DR Interest Revenue $75

CR Cash $75

(To record closing entry on interest revenue)

Mar 6

DR Cash $9,270

CR Notes Receivable - Concord Sounds $9,000

CR Interest Receivable $75

CR Interest Revenue (9,000 * 12% * 65/360) $195

(To record Collected note)

Jun 30

DR Notes Receivable - Main Street Music $11,000

CR Cash $11,000

(To record Note Received)

Oct 2

DR Notes Receivable - Salem Sounds $9,000

CR Sales Revenue - Salem Sounds $9,000

(To record Note Received)

Dec 1

DR Accounts receivable - Salem Sounds $9,180

CR Notes Receivable $9,000

CR Interest Receivable (9,000 * 12% * 60/360) $180

Dec 1

DR Allowance for Bad Debt $9,180

CR Accounts Receivable - Salem Sounds $9,180

(To record receivable written off)

Dec 30

DR Cash $11,660

CR Notes Receivable - Main street Music $11,000

CR Interest Revenue (11,000* 12% * ( 6 months / 12) ) $660

(To record collection of Note - MS)

6 0
3 years ago
Other questions:
  • The individuals at the International Fireplace Shoppe perform the following duties:Individual E Roles and Responsibilities:1. Ro
    11·1 answer
  • On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost of $80,000. The estimated re
    12·1 answer
  • Which definition is the correct definition of "risk-based financing"?
    5·1 answer
  • Which of the following represents frictional unemployment? i) The demand for refrigerators falls when the economy enters a reces
    13·1 answer
  • Compute Emily's 2018 taxable income on the basis of the following information. Her filing status is single. Salary $85,000 Inter
    10·1 answer
  • Kertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2011 and December 31, 2012: 2011 2012 N
    9·1 answer
  • A net worth statement, insurance plan, and a budget are all part of a?
    9·1 answer
  • Mr. Dennison knows each and every child who comes in to his Kumon reading center, and he prides himself on knowing how he can pe
    9·1 answer
  • What are personal, property, and liability risks? What are examples of personal, property, and liability risk?
    5·1 answer
  • What are common characteristics of jobs in the Recreation, Amusements, and Attractions pathway? Check all that apply. part-time
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!