The answer is Deming management.
Deming management is a type of management that focuses on building and maintaining organizational structures that produce high-quality results.
It involves putting management scholar W. Edwards Deming's principles into practice.
Deming defined management as the establishment and ongoing development of organizational systems.
Customers of the company's goods or services will receive a raise in value as a result of the deployment of such a creative and improved management system. In today's globally competitive environment, which is characterized by quickly evolving technology and customers' aspirations for greater standards of values, continuous improvement is crucial to the management system.
Continuous improvement is the process of constantly refining and enhancing organizational processes, services, and products to produce better value for customers.
Hence, According to Deming management, managers should fix an organization's problems by improving its structure, culture, and work rules while treating employees well.
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The action taken by Bill Gates in acquiring the shares of a small software company is called a tender offer.
<h3>What is a tender offer?</h3>
A tender offer is a type of offer given by an investor in respect of purchasing the shares of a public entity at a value within a defined period.
When Bill Gates offered to take over the shares of a small software entity at a cost that can attract the share investors to sell them off in the market. This action of Bill Gates tends to initiate a tender offer for the shareowners of the software entity.
Therefore, the tender offer is the action being taken by the founder of Microsoft company.
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Answer:
Overhead= $6,000
Explanation:
Giving the following information:
Job 403:
Direct material= $40,000
Total manufacturing costs = $50,000
Boxer applies overhead at 150% of direct labor cost.
Total manufacturing costs= direct material + direct labor + allocated overhead
50,000= 40,000 + (direct labor + allocated overhead)
(direct labor + allocated overhead)= $10,000
<u>We know that overhead is 50% higher than direct labor. In 100%, direct labor would de 40% and overhead 60%.</u>
direct labor=10,000*0.4= $4,000
Overhead= 10,000*0.6= $6,000
Answer:
The marginal benefit is greater than the marginal cost of an additional crop-dusting.
Explanation:
Marginal benefit is the extra utility derived from consuming one more unit or a good or service. Is the maximum amount that a consumer can pay for consuming an additional unit of a product or a service.
The concept of marginal benefit focuses on why consumers are ready to pay a specific amount of money for some goods, but refrain from doing the same for another product.
This concept helps companies ensure that the utility of their products does not diminish.
A marginal cost is the additional cost to produce one more unit. It is high initially and drops as production increases.
In the intersection of marginal benefit and cost, is the point where the marginal revenue is equal to the marginal cost.
If the marginal revenue is bigger than the marginal cost, is convenient.
Answer:
The expected cash receipts in the month of November are $160,600
Explanation:
Expected cash receipts in the month of November = 30% sales in the month of November + 65% sales in the month of October + 3% sales in the month of September.
Forward Company had sales in September of $120,000, in October of $140,000
, in November of $220,000
Expected cash receipts in the month of November = 30% x $220,000 + 65% x $140,000 + 3% x $120,000 = $66,000 + $91,000 + $3,600 = $160,600
