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tigry1 [53]
2 years ago
14

At the heart of operations management is the transformation process through which inputs (resources such as labor, money, materi

als, and energy) are converted into outputs (goods, services, and ideas). Place the statements about two companies in the appropriate columns according to the process steps they represent.
Operations management (OM), the development and administration of the activities involved in transforming resources into goods and services, is of critical importance. Operations managers oversee the transformation process and the planning and design of operations systems, managing logistics, quality, and productivity.

Match the followings:

a. Slow production
b. Unfriendly attendants
c. Oak trees and labour
d. New training program.
e. Oak Furniture


1. Inputs
2. Transformation
3. Outputs
4. Feedback
5. Control standards
Business
1 answer:
Alina [70]2 years ago
3 0

Answer:

1. Slow Production - 5. Control Standards

2. Unfriendly Attendants - 4. Feedback

3. Oak trees and Labour - 1. Input

4. New Training Program - 2. Transformation

5. Oak Furniture - 3. Output

Cheers!

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Answer:

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Answer:

A. Dr Cash 5,200

Cr Deferred revenue 5,200

Dr Cash 884

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Cr Sales revenue 2,100

Cr Sales taxes payable 84

B. $3,900

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Sales tax liability - NON CURRENT $0

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Explanation:

A. Preparation of the appropriate journal entries (in summary form) for the gift certificates sold during 2011

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Cr Deferred revenue 5,200

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Cr Sales taxes payable 84

(4% × $2,100)

B. Calculation to Determine the liability for gift certificates to be reported on the December 31, 2018, balancesheet.

Liability for gift certificates=(5,200- 1,300)

Liability for gift certificates= $3,900

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($ 5,200 × 80%)

Less Gift certificates redeemed(1,300)

Current liability at December 31 $2,860

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