Answer:
Pilot Conversion Approach.
Explanation:
According to my research on different conversion approaches, I can say that based on the information provided within the question the approach being described is called a Pilot Conversion Approach. Like mentioned in the question this approach is when a professional tests and implements a new system is slowly tested and implemented into single departments/divisions within a company as opposed to the whole company at once. This is done in order to make sure everything is running smoothly and catch errors along the way in order to be able to fix them before the whole system is implemented into the entire company.
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Explanation:
Every year's investment on the physical capital may decrease the profit rate of the company though it is true that the fast computers and technological items can improve the productivity of the workers.
Every year investment is not required for the employees from company's point of view as they think it is over expending on the products which are not necessary and relevant.
Answer:
The company’s inventory be reported on the balance sheet as $3,150.
Explanation:
GAAP and IFRS requires that the inventory of the company should be recorded as Lower cost and Net realizable value of the inventory.
According to given data
Available Inventory = 210 units
Cost of Inventory = 210 units x $20 = $4,200
Net realizable value is the value of the inventory which can be recovered on the immediate sale. the current market value of the inventory is $15.
So,
Net realizable value is = 2,100 units x $15 = $3,150
As the Net realizable value is lower than the cost of the inventory, $3,150 should be reported as inventory on the balance sheet.
Answer:
<em>The correct answer is:</em> incorporates financial and nonfinancial measures in an integrated system.
Explanation:
The balanced scorecard can be defined as an approach to measuring and managing an organization's performance.
Because it is a flexible method, it can be adapted to different companies and situations.
The method uses financial and non-financial measures in an integrated system so that managers can monitor and control by means of indicators whether the planning outlined for the company is actually being effective for the achievement of objectives and goals. In the balanced scorecad, the indicators are analyzed from 4 perspectives: <u>Financial, Customer, Internal Processes and Learning and Growth.
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This method assists in a more active management, aimed at a greater vision of business systems and the possibility of managing strategic actions so that the company remains competitive and innovative in the long run.
