Which sentence from the contract shown below refers to consideration?

rialto company collected $5,000 on account. what impact will this transaction have on the firm's current ratio

VikaD [51]

Answer:

There would be NO IMPACT

Explanation:

From the question, we are informed about, rialto company collected $5,000 on account. In this case there will be no impact of this transaction on the firm's current ratio. The collection on account can be regarded as exchange of asset transaction, any increase change in current asset account cash, then there will be decreases in Accounts Receivable , the ration of current asset to current liabilities gives the current ratio, there is no impact of transaction on the current ratio, since the transaction doesn't affect both the

current asset to current liabilities

7 0

2 years ago

Many fast-food restaurants compete on lean business concepts. Match each of the following activities at a fast-food restaurant w

yawa3891 [41]

Answer:

1. C.

2. A.

3. B.

4. C.

5. A.

6. C.

7. B and C.

8. B.

9. A and B.

10. C.

Explanation:

1. Courteous employees is a total quality management (TQM).

2. Food produced to order is a just-in-time (JIT).

3. New product development is a continuous improvement (CI).

4. Clean tables and floors is a total quality management (TQM).

5. Orders filled within three minutes is a just-in-time (JIT).

6. Standardized food making processes is a total quality management (TQM).

7. Customer satisfaction surveys is both a continuous improvement (CI) and total quality management (TQM).

8. Continually changing menus is a continuous improvement (CI).

9. Drive-through windows is both a just-in-time (JIT) and continuous improvement (CI).

10. Standardized menus from location to location is a total quality management (TQM).

A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;

A total quality management (TQM) is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.

Just-in-time (JIT) is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.

A continuous improvement (CI) is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.

5 0

3 years ago

Zachary, a manager at ExecuComp, receives quarterly reports, which track his department's production statistics. However, these

makkiz [27]

Answer: measuring actual performance

Explanation: Measuring is the first step in the control cycle. Many employment and tasks can be expressed in concrete and observable terms.

Managers often use a number of information sources to assess actual performance, such as personal observations, statistical reports, oral reports, and written reports.

In the given case, Zachary is using a report that lacks relevance relative to the measurement criteria. Hence from the above we can conclude that the correct option is A.

6 0

3 years ago

Read 2 more answers

Xuechen graduated from culinary school at the top of her class, and signed an employment contract to work as a chef for one of C

antiseptic1488 [7]

Answer:

A) Yes, the employment contract has been breached, but the non-competition agreement has not been breached.

Explanation:

Xuechen signed a three year employment contract which she breached after a short time by quitting her job. The non competition agreement that she signed required her not to work as a chef for another restaurant, but since she is working as a manager, then she didn't breach that contract.

3 0

3 years ago

Read 2 more answers

A national restaurant chain encourages its customers to use its website as a means of providing comments about their experiences

lara31 [8.8K]

Answer:

The correct answer is (D)

Explanation:

The restaurant is using a micro-marketing technique which is an efficient and effective tool to measure marketing campaign. Micro-marketing method is used by the restaurant to help them understand the assessment of the customers and to make necessary changes. Micro-marketing technique is used to target a small group of customers. In this case, the restaurant is targeting customers who use the restaurant website.

7 0

3 years ago