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.
Answer:
At 7.5 weeks will bethe best time
it will yield a profit of 30.63 per tree
Explanation:
we will construct the formula:
p = 0.25 -0.01w
q = 100 + 10w
Now, using SOLVER we can determinate the maximum profit point at 7.5 weeks
we construct these formula in excel, we stablish we can change only the "w" and it will look for the answer.
Now we can determinate the profit at this point:
P = 0.25 - 0.01 ( 7.5) = 0.175
Q = 100 x 10 (7.5) = 175
175 x 0.175 = 30.625 = 30.63
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
True. Rocks are not created or destroyed they are recycled.
Answer:
A) Television repair (Job costing)
B) Cell phone charge cords (Process costing)
C) Glassware with company logo (Job costing)
D) Dog food (Process costing)
E) Golf balls (Process costing)
F) Hotel signs to welcome guests (Job costing)
G) Highlighters and pens (Process costing)
Explanation:
Job order costing is used with unique products, and the costing of the journal entry process is used for generic goods. While for short production terms job costing is implemented, the journal entry is used for large production terms. Journal entries cost aggregates, thus requiring less record keeping.
In that case:
A) Television repair (Job costing)
B) Cell phone charge cords (Process costing)
C) Glassware with company logo (Job costing)
D) Dog food (Process costing)
E) Golf balls (Process costing)
F) Hotel signs to welcome guests (Job costing)
G) Highlighters and pens (Process costing)
