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maw [93]
3 years ago
12

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

ith the lean business concept it strives to achieve. Some activities might relate to more than one lean business concept.
a. Just-in-time (JIT)
b. Continuous improvement (CI)
c. Total quality management (TQM)
1. Courteous employees
2. Food produced to order
3. Clean tables and floors
4. Orders filled within three minutes
5. Standardized food making processes
6. New product development
7. Customer satisfaction surveys
8. Standardized menus from location to location
9. Drive-through windows
10. Continually changing menus
Business
1 answer:
riadik2000 [5.3K]3 years ago
8 0

Answer:

1. C

2. A

3. C

4. A

5. C

6. B

7. B and C

8. C

9. A and B

10. B

Explanation:

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;

  • <em>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.</em>
  • <em>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.</em>
  • <em>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.</em>

1. Total quality management (TQM): Courteous employees

2. Just-in-time (JIT): Food produced to order

3. Total quality management (TQM): Clean tables and floors

4. Just-in-time (JIT): Orders filled within three minutes

5. Total quality management (TQM): Standardized food making processes

6. Continuous improvement (CI): New product development

7. Total quality management (TQM) and Continuous improvement (CI): Customer satisfaction surveys

8. Total quality management (TQM): Standardized menus from location to location.

9. Continuous improvement (CI) and Just-in-time (JIT): Drive-through windows.

10. Continuous improvement (CI): Continually changing menus.

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Answer:

$622,000

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The A. J. Croft Company (AJC) currently has $200,000 market value (and book value) of perpetual debt outstanding carrying a coup
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Answer:

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  2. new WACC = 7.38%, Total value of firm = $ 813,008.13
  3. stock price per share = $62.00
  4. 4750 shares

Explanation:

1) Calculate AJC's current total market value and weighted average cost of capital

current market value = value of equity + value of debt

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                      =  $800000

Weighted average cost of capital = ( weight of equity * cost of equity ) + ( weight of debt * cost of debt * ( 1 - tax rate )

= (75% * 8.8% ) + (25% * 6% * 0.6  ) = 7.5%

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WACC =  ( weight of equity * cost of equity ) + ( weight of debt * cost of debt * ( 1 - tax rate )

= ( 60% * 9.5% ) + ( 40% * 7% * 0.6 )  = 7.38%

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4) calculate how many shares AJC  would repurchase in the recapitalization

= original shares - Remaining shares

= 10000 - 5250 = 4750 shares

while ;

Remaining shares = value of equity / stock price = $336000 / $64 = 5250

original shares = 10000

                       

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Answer:

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