Within each of the three larger categories, best practices are categorized by four stages of process improvement.
<h3>What is Process Improvement?</h3>
Process Improvement serves as the proactive task of identifying as well as analyzing existing business processes within an organization.
The four stages of process improvement are;
- Identify the need for change
- identify the need for change.
- Analyzing current process
- Seek commitment and support.
- Look for improvement strategy
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Answer:
Ending RE at year-end: 494,000
Explanation:
As this is the first-year of operation there is no beginning Retained Earnings.
Sales Revenue of 4,340,000
Cost of Goods Sold (1,936,000)
Wage Expense (876,000)
Insurance Expense (324,000)
Administrative Expense (414,000)
Utilities Expense (192,000)
Selling Expense <u> (42,000) </u>
Net Income 556,000
Dividends paid: (62,000)
Ending RE 494,000
Answer:
A. The name of a company that gave the consumer a car loan two years ago
Explanation:
A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you
So according to the given situation, the option A is correct
Answer:
2.6%
Explanation:
Jensen Measure is calculated using the below formula
Jensen Alpha = Rp - (Rf + beta*(Rm - Rf))
Where Rp = Return on portfolio = 20%, Rf = risk free rate = 3%, Beta = Beta of portfolio = 1.8 and Rm = Market return = 11%
Jensen Alpha = 20 - (3 + 1.8*(11-3))
Jensen Alpha = 20 - (3 + 1.8*8)
Jensen Alpha = 20 - (3 + 14.4)
Jensen Alpha = 20 - 17.4
Jensen Alpha = 2.6%
Answer:
The adjustment to net income for the period will be reported as:
Debit Interest expense ($600 - $500) $100
Credit Interest payable $100
<em>(Being interest expense for the period)</em>
Explanation:
Interest payable is the accumulation of the interest expense in the balance sheet overa specific period of time agreed with the creditor. When it becomes payable, the interest payable account is debited while cash is credited.
The interest payable in the Coffee Cup Company's account increased from $500 (credit balance) to $600 credit balance. This means there would have been an additional $100 interest expense recorded during the period in order to increase it to $600.
