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AlexFokin [52]
3 years ago
13

Influencer Technology is working to improve the level of quality and reduce the level of complaints in the services it provides

to clients. Management hires a consultant who helps them test their accounting, inventory, training, sales, and marketing processes from top to bottom. Influencer is likely using the ________ process.
Business
1 answer:
bekas [8.4K]3 years ago
5 0

Answer:

Six Sigma

Explanation:

Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.

Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.

Generally, there are two (2) main methods of achieving the six sigma approach;

1. DMAIC: define, measure, analyze, improve and control. it is a data-driven improvement cycle used for improving processes and driving Six Sigma projects.

2. DMADV: define, measure, analyze, design and verify.

In conclusion, Six Sigma is used by various organizations or professionals to improve the level of quality of their products or services, as well as reducing to the barest minimum, the level of complaints in the services it provides to clients. Also, the Six Sigma approach to quality control avails businesses the ability to detect potential problems early, so as to prevent their occurrence.

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A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. T
Hoochie [10]

Answer:

Using effective-interest amortization, the approximate carrying value of the bonds on Dec 31, 2020 balance sheet is:

a. $14, 709, 481.

Explanation:

a) Data and Calculations:

Face value of bonds = $15,000,000

Bonds price =                   14,703,108

Bonds discount =             $296,892

Coupon interest rate = 7.8%

Effective interest rate = 8%

Interest payments on June 30 and December 31

June 30, 2020:

Interest expense = $588,124 ($14,703,108 * 4%)

Cash payment =     $585,000 ($15,000,000 * 3.9%)

Amortization of discount = $3,124 ($588,124 - $585,000)

Bonds payable = $14,706,232 ($14,703,108 + $3,124)

December 31, 2020:

Interest expense = $588,249 ($14,706,232 * 4%)

Cash payment =     $585,000 ($15,000,000 * 3.9%)

Amortization of discount = $3,249 ($588,249 - $585,000)

Bonds payable = $14,709,481 ($14,706,232 + $3,249)

4 0
3 years ago
This information relates to Sunland Co.. 1. On April 5, purchased merchandise from Blossom Company for $26,400, terms 4/10, n/30
jolli1 [7]

Answer and Explanation:

The journal entries are shown below:

1. Merchandise inventory $26,400

        To Account payable $26,400

(Being purchase is  recorded)  

2. Merchandise inventory $590

         To Cash  $590

(Being freight paid)  

3. Equipment $33,900

       To Account payable $33,900

(Being purchase of an equipment is recorded)  

4. Account payable $5,200

           To Merchandise inventory $5,200

(Being purchase return is recorded)  

5. Account payable $21,200 ($26,400 - $5,200)

       To Cash $20,352

       To Merchandise inventory ($21,200 × 0.04%) $848

(Being the amount paid is recorded)

4 0
3 years ago
Which of the following describe the reason(s) why maximization of intrinsic stock value benefits society? Check all that apply.
Bess [88]

Answer:

The correct answer is b) succesful companies benefit consumers

Explanation:

The intrinsic stock value of a company can be thought of as its real value instead of its nominal value (or monetary value). In the intrinsic value of a stock is high, it is because the company is a healthy financial situation, and probably has good economic prospects. Companies that are run well benefit customers because they can offer goods and services at lower prices, and at higher quality.

6 0
3 years ago
Dwelling forms include a liberalization clause. it says that any revision of coverage which broadens the insurance without an ad
Veronika [31]
<span>If it is revised during 60 days prior of the effective date it is ok. This provision is broader when it comes to personal lines than a commercial coverage plan would be. Generally, commercial policies have a time period of 45 days unless the state applies an exception. For dwellings, 60 days would be correct.</span>
4 0
3 years ago
The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year.Suppos
Alexxandr [17]

Answer:

It would take exactly 37 years

Explanation:

If we suppose that the economy starts at 10,000 billion dollars in 2020, the economy would only double by the year 2057, reaching a value of 20,399 billion dollars.

If we substract 2020 from 2057, we obtain 37, which is the number of years it took for this economy to double growing at a rate of 2% per year.

8 0
4 years ago
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