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tatiyna
4 years ago
12

Honda’s BP program involves: a. A formalized approach for teaching the supplier to improve its own processes b. Tight control of

suppliers c. Elimination of the bottom 10% of suppliers at the end of the program d. All of the above e. Only a and b
Business
1 answer:
Burka [1]4 years ago
5 0

Answer:

a.

Explanation:

A BP Program or Best Practices Program is one that focuses on the process of reviewing different policy alternatives that have been proven to be effecting when dealing with certain issues in the past that have reoccurred in the present and applying them. Honda's unique BP program involves a formalized approach for teaching the supplier to improve its own processes in order for them not to have to outsource.

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Darnell lives in Dallas and runs a business that sells guitars. In an average year, he receives $704,000 from selling guitars. O
evablogger [386]

Answer:

1. The wages and utility bills that Darnell pays.

286,000 explicit cost (accounting)

2. The rental income Darnell could receive if he chose to rent out his showroom.

3,000 x 12 months = 36,000 implicit cost (economic)

3. The salary Darnell could earn if he worked as a financial advisor.

20,000 implicit cost (economic)

4. The wholesale cost for the guitars that Darnell pays the manufacturer.

704,000 explicit cost (accounting)

Explanation:

The explicit cost are those which occurs and are represented in the accounting.

While the implicit cost represent the opportunity cost which is the best alternative rejected for taking the current course of action. They are considered for the economic profit

8 0
3 years ago
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows.
Arlecino [84]

Answer:

1 . Debit Asset , bank increase normal balance is Debit balance , Credit Equity stock increase , normal balance is credit balance

2 . Debit Asset , Vehicles , increase , normal balance is Debit balance . Credit Asset , Bank , decrease , normal balance is Debit balance

3 . Debit Expense , Supplies , increase , normal balance is Debit . Credit Liabilities , Accounts payable , increase , normal balance is credit balance .

4 . Debit Asset , Accounts receivable , increase , normal is balance Debit . Credit Income , Service rendered , increase , normal balance is Credit balance .

5 . Debit Expense , Advertising , increase , normal balance is Debit balance . Credit Asset , Bank , decrease , normal is balance Debit .

6 . Debit Asset , Bank , Increase , normal balance is Debit balance . Credit Asset , Accounts receivable , Decrease , Normal balance is Debit balance .

7 . Debit Liability, Accounts payable, decrease, normal  is balance credit balance . Credit Asset, Bank, Decrease, normal balance is Debit balance .

8 . Debit Equity , Dividends Paid , decrease , normal balance is credit balance .

Credit Asset , Bank , decrease , normal balance is Debit balance

Explanation:

6 0
4 years ago
Which statements describe the role of risk in making investment decisions? Check all that apply.
Triss [41]

Answer:

A, B, and D are the answers

Explanation:

4 0
3 years ago
Accrual accounting requires that the cost associated with the failure of credit customers to pay their bills should be recorded
Pepsi [2]

Answer:

Explanation:

Failure of credit customers to pay their bills is considered a bad debt in Accounting. This is recored as a bad debt expense in journal entries in the <em>period when the credit sale occurred</em>. This ensures that these bad debt expense matches the revenues earned during that period. In a company's financial statements, bad debt expense is recorded in the Income statement as <em>selling expenses.</em>

5 0
4 years ago
The board of governors of the federal reserve system can increase commercial bank reserves by
Marina CMI [18]
<span>The board of governors of the federal reserve system can increase commercial bank reserves by increasing the size of its term auction facility.</span>
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3 years ago
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