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Sholpan [36]
3 years ago
9

Quality improvement teams are groups of people from various work areas who define, analyze, and solve common production problems

.
a. True
b. False
Business
1 answer:
pantera1 [17]3 years ago
4 0

Answer: True

Explanation:

The quality improvement teams are groups of employees that are from various departments who come together and meet regularly in order to define, analyze, and then solve common production problems.

The aim of the quality improvement team is to improve the production process. This is achievable by them working on their methods.

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Epsilon Co. can produce a unit of product for the following costs:Direct material $7.70Direct labor 23.70Overhead 38.50Total cos
Lesechka [4]

Answer:

Make since the relevant cost to make it is $58.35

Explanation:

\left[\begin{array}{cccc}&$produce&$buy&$Differential\\$Purchase&-&-62.35&-62.35\\$Manufacturing Cost&-58.35&-&58.35\\$Allocate Cost&-11.55&-11.55&-\\$Total Cost&-69.9&-73.9&-4\\\end{array}\right]

<u></u>

<u>The manufacturing cost will be:</u>

direct material 7.70

direct labor    23.70

Overhead 38.5 x 70% = 26.95

Total manufacturing cost 58.35

Allocated cost 11.55

The purchase cost is higher than our manufacturing cost of 58.35

It is better to make the unit.

The purchase option generates a differential loss for $4

7 0
3 years ago
On January 2, 2022, McClelland Company purchased a machine and signed a noninterest-bearing note in payment. The note matures in
tresset_1 [31]

The amount that McClelland Company should record the machine upon purchase is<u> $56,505.</u>

<h3>Recording the transaction</h3>

The proper way to record the transaction based on U.S. GAAP polices is to debit the Machine account with the price of $56,505 as this represents the market value of the machine.

The company should also credit the Notes payable account with $70,000 being the value of the note acquired. A debit will go to the Discount on Note account for $13,495 which is the difference between the note and value of machine.

Find out more on recording Notes Payable at brainly.com/question/17073934.

6 0
2 years ago
Forms and papers that provide information about a business transaction are called
melisa1 [442]
They are called source documents. 
4 0
3 years ago
1. What is the name of Walmart’s CEO and President? 2. How much operating cash flow did Walmart generate in Fiscal 2020? 3. How
pychu [463]

Answer:

1. The name of Walmart’s CEO and President is Doug McMillon.

2. For the fiscal 2018 the company generated $28.3 billion as operating cash flow.

3. The amount of provisional benefit recorded by Walmart as a result of tax reform was $207 million. This amount was for both the full quarter and full year.

4. For fiscal 2018 the company had employed 2.3 million associates across the world.

5. Gross margin = gross margin/net sales.

Gross margin = net sales – cost of goods sold.

Gross margin % for Q418:

Net sales (excluding membership and other income) 135,150.00

less: cost of sales -102,640.00

Gross margin 32,510.00

Gross margin % (gross margin/net sales) 24.05

7 0
3 years ago
Market value ratios provide management with an indication of how investors view the firm's past performance and especially its f
Naya [18.7K]

Answer:

a. True

Explanation:

Market value ratios can be defined as a financial metrics used by an organization to measure the current share price (economic status) of the organization's stock that is held publicly.

Some examples of the commonly used market value ratios includes;

- Market value per share.

- Price/cash ratio.

- Book value per share.

- Earnings per share.

- Market/Book ratio.

- Price/Earnings ratio.

- Dividend yields.

Basically, the market value ratios are adopted by current and potential investors of a business firm so as to determine whether or not the firm's shares are underpriced, priced fairly or overpriced.

Hence, market value ratios provide management with an indication of how investors view the firm's past performance and especially its future prospects.

7 0
2 years ago
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