Sure Tool Company is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. Analysts expect the price of Sure Tool Company shares to be $22 a year from now. The beta of Sure Tool Company's stock is 1.25. What is the intrinsic value of Sure's stock today?
a. $22.00
b. $12.12
c. $20.60
d. $20.00
Answer:
c. $20.60
Explanation:
Required return = Risk free rate + Beta*(Market rate-Risk free rate)
= 4 + 1.25*(14-4)
= 4 + 1.25*10
= 4 + 12.5
= 16.5%
Intrinsic value = Future dividend and value*Present value of discounting factor(rate%,time period)
= 2/1.165 + 22/1.165
= 1.7167 + 18.8841
= 20.6008
= $20.6
So, the intrinsic value of Sure's stock today is $20.60.
Peters, Inc. produces 3 products: P1, Q2, and R3. P1 requires 400 purchase orders, Q2 requires 600 purchase orders, and R3 requires 1000 purchase orders. Peters has identified an ordering and receiving activity cost pool with allocated overhead of $390000 for which the cost driver is purchase orders. Direct labor hours used on each product are 50000 for P1, 40000 for Q2, and 110000 for R3. How much ordering and receiving overhead is assigned to each product
Answer:
P1 $78,000
Q2 $117,000
R3 $195,000
Explanation:
Calculation to determine How much ordering and receiving overhead is assigned to each product
First step is to calculate the price per order using this formula
Price per order= Total cost of purchase orders ÷ total purchase orders
Let plug in the formula
Price per order= $390000 ÷ (400 + 600 + 1,000)
Price per order= $390000 ÷2,000 orders
Price per order= $195
Now let determine How much ordering and receiving overhead is assigned to each product
Using this formula
Ordering and receiving overhead = Purchase orders × price per order
Let plug in the formula
P1 = 400 × $195
P1= $78,000
Q2 = 600 × $195
Q2=$117,000
R3 = 1,000 × $195
R3=$195,000
Therefore How much ordering and receiving overhead is assigned to each product are :
P1 $78,000
Q2 $117,000
R3 $195,000
Text that is slanted slightly to the right is said to be
O bolded
O Italic
O underlined
O superscripted
Answer:
O Italic.
Explanation:
When two countries decide to engage in specialization and exchange the advantage is: Group of answer choices Their production possibilities frontier will shift outward. They will be able to consume at a point outside their production possibilities frontier. They will be able to produce and consume at a point outside their production possibilities frontier. They will be able to produce at a point outside their production possibilities frontier.
Answer:
They will be able to consume at a point outside their production possibilities frontier.
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Factors that cause the PPF to shift
1. changes in technology.
2. changes in available resources.
3. changes in the labour force.
A country engages in the specialisation of a good for which it has a comparative advantage in its production and purchases goods for which it has a comparative disadvantage in its production .
an advantage of specialisation is that it allows countries to consume goods for which its not efficient in its production. Thus it allows to consume unattainable goods given the resources of the country. As a result, they will be able to consume at a point outside their production possibilities frontier.
Beta Inc. can produce a unit of Zed for the following costs:
Direct material 10
Direct labor 20
Overhead 50
Total costs
per unit $80
An outside supplier offers to provide Beta with all the Zed units it needs at $58 per unit. If Beta buys from the supplier, it will still incur 40% of its overhead. Beta should:____.
A. Buy Zed since the relevant cost to make it is $80.
B. Buy Zed since the relevant cost to make it is $30.
C. Make Zed since the relevant cost to make it is $30.
D. Buy Zed since the relevant cost to make it is $60.
E. Make Zed since the relevant cost to make it is $60.
Answer:
The correct answer is D.
Explanation:
First, we will determine the unitary production cost:
Unitary production cost= 10 + 20 + (0.6*50)
Unitary production cost= $60
We only consider the avoidable overhead costs.
Buy= $58 per unit
The unitary cost of buying is lower than making in-house by $2.
You believe that the future value of the Australian dollar will be determined by purchasing power parity (PPP). You expect that inflation in Australia will be 6 percent next year, while inflation in the United States will be 1 percent next year. Today the spot rate of the Australian dollar is $0.78, and the one-year forward rate is $0.73. What is the expected spot rate of the Australian dollar in one year
Answer:
The expected spot rate of the Australian dollar in one year = 1.28 AUD per USD
Explanation:
The Current spot rate of Australian dollar against US Dollar
= [tex]\frac{1}{0.81}[/tex] AUD /USD
[tex]= 1.234[/tex] AUD per USD.
Inflation rate in Australia [tex]= 6[/tex]%
Inflation in the US [tex]= 2[/tex]%
Percentage change in Australian currency
[tex]=\frac{(1+0.06)}{(1+0.02)} -1[/tex]
[tex]=0.039 = 3.9[/tex] %
Thus, the spot exchange rate of AUD 1 year from now will be
[tex](1+0.039)*1.23 = 1.28[/tex]AUD per USD.
As the manager in an insurance company, Emanuel is responsible for reviewing the following two plans that he will offer to the public:
1. Low-deductible, high-premium health insurance plan
2. High-deductible, low-premium health insurance plan
Required:
Which plan would someone choose if he or she were concerned that doctors may order too many tests
Answer:
1. Low-deductible, high-premium health insurance plan
Explanation:
The premium paid for a health insurance plan is the amount of money an individual, a family, or a company must pay for a health insurance policy.
The deductible paid on a health insurance plan is the amount paid for medical expenses as an upfront payment before the insurance company pays for the remaining medical expense.
A high-deductible health plan saves more money in the form of lower monthly premiums it gives, and it is cheaper provided the individual or group choosing this service is not someone that have medical ailments that require frequent hospital visits, and doesn't have costly medical bills.
Low deductibles have higher premiums and are best when an individual predicts seeing the doctor often or he/she is not healthy.
Totally Serial Enterprises is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below. Year ManBearPig Project Cash Flow Flying Car Cash Flow 0 -$100,000 -$200,000 1 25,000 50,000 2 25,000 50,000 3 50,000 80,000 4 50,000 100,000 What is the Flying Car’s modified internal rate of return (MIRR) at a 12% cost of capital? A. 14.6% B. 12.7% C. 15.9% D. 10.0% E. 13.0%
Answer:
B
Explanation:
The modified internal rate of return is a capital budgeting method used to determine the profitability of an investment. The MIRR assumes that cash inflows are reinvested at the firm's cost of capital and outflows are financed at the firm's financing cost.
MIRR = (Future value of a firm's cash inflow / present value of the firm's cash outflow)^ (1/n) - 1
n = number of years
present value of the firm's cash outflow = $200,000
Future value of a firm's cash inflow
Future value of year 1's cash flow = 50,000 x (1.12^3) = $70,246.40
Future value of year 2's cash flow = 50,000 x (1.12^2) = $62,720
Future value of year 3's cash flow = 80,000 x (1.12^1) = $89.600
Future value of year 1's cash flow = $100,000
Add the future values together = $322566.40
($322566.40 / $200,000)^0.25 - 1 = 12.7%
Macee Department Store has three departments, and it conducts advertising campaigns that benefit all departments. Advertising costs are $130,000 this year, and departmental sales for this year follow. Department Sales 1 $ 201,000 2 314,900 3 154,100 How much advertising cost is allocated to each department if the allocation is based on departmental sales
Answer:
Results are below.
Explanation:
Giving the following information:
Estimated overhead costs= $130,000
Total sales= 201,000 + 314,900 + 154,100= $670,000
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 130,000 / 670,000
Predetermined manufacturing overhead rate= $0.194 per sales dollar
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
1= 201,000*0.194= 38,994
2= 314,900*0.194= 61,090.6
3= 154,100*0.194= 29,895.4
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $11,000 cash and $47,300 of photography equipment in the company in exchange for common stock. 2 The company paid $3,800 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,090 cash. 20 The company received $2,950 cash in photography fees earned. 31 The company paid $878 cash for August utilities. Prepare general journal entries for the above transactions.
Answer:
Aug 01
Dr Cash 11,000
Dr Photography equipment 47,300
Cr Common stock 58,300
Aug 02
Dr Prepaid insurance 3,800
Cr Cash 3,800
Aug 05
Dr Office supplies 2,090
Cr Cash 2,090
Aug 20
Dr Cash $2,950
Cr Photography fees earned $2,950
Aug 31
Dr Utilities expense $878
Cr Cash $878
Explanation:
Preparation of the general journal entries
Aug 01
Dr Cash 11,000
Dr Photography equipment 47,300
Cr Common stock 58,300
(47,300+11,000)
Aug 02
Dr Prepaid insurance 3,800
Cr Cash 3,800
Aug 05
Dr Office supplies 2,090
Cr Cash 2,090
Aug 20
Dr Cash $2,950
Cr Photography fees earned $2,950
Aug 31
Dr Utilities expense $878
Cr Cash $878
A firm is considering purchasing two assets. Asset L will have a useful life of 15 years and cost $4 million; it will have installation costs of $750,000 but no salvage or residual value. asset s will have a useful life of 5 years and cost $2 million; it will have installation costs of $500,000 and a salvage or residual value of $400,000. Which asset will have a greater annual straight - line depreciation?
a. Asset L has $37,500 more in depreciation per year.
b. Asset L has $54,167 more in depreciation per year.
c. Asset S has $37,500 more in depreciation per year
d. Asset S has $103,333 more in depreciation per year.
Answer:
Asset S has $103333 more depreciation expense per year than asset L
Option D is the correct answer.
Explanation:
The straight line depreciation method charges a constant depreciation expense per period throughout the estimated life of the asset. The depreciation expense per year is calculated as follows,
Depreciation expense per period = (Cost - Salvage value) / Estimated useful life of the asset
We first need to calculate the cost of each asset. The cost that is recognized should include all costs incurred to bring the asset to the place and condition of use as intended by the management.
Cost - Asset L = 4000000 + 750000 = 4750000 or 4.75 million
Cost - Asset S = 2000000 + 500000 = 2500000 or 2.5 million
Depreciation expense per year
Asset L = (4750000 - 0) / 15
Asset L = $316,666.67
Asset S = $420000
Difference = 420000 - 316666.67
Difference = $103333.33
Asset S has $103333 more depreciation expense per year than asset L
The Gamma Corporation made a public announcement today in which it shared its plans to buy back its common stock shares in the total amount of $62,000. Right now, this corporation has 420,000 stock shares outstanding. The price for each share in today's market is $47.09.
After buying back the stock shares, the price for each share will equal:
After buying back the stock shares, the price for each share will equal t0 $8.10.
What are the shares about?To calculate the price per share after the buyback, you need to first determine the total value of the buyback. To do this, you can multiply the number of shares being bought back (62,000) by the price per share ($47.09).
(62,000) * ($47.09) = $2,906,180, this is value for the buyback.
Next, you need to find the total number of shares outstanding after the buyback. To do this, you can subtract the number of shares being bought back (62,000) from the total number of outstanding shares (420,000).
So: (62,000 -420,000) = 358,000
This gives you a total of 358,000 outstanding shares after the buyback.
Finally, you will have to divide the total value of the buyback ($2,906,180) by the total number of outstanding shares after the buyback (358,000) to find the price per share. This gives you a price per share of $8.10 after the buyback.
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Lucas is a field sales representative for Pioneer Seeds and makes sure he has ball caps, umbrellas, and t-shirts with the Pioneer brand logo in his car. He likes to present one of these items to his customers and they appreciate having an item with the Pioneer brand symbol. Lucas believes its important to provide a small token of his appreciation to his customers. What type of sales promotion activity is Lucas using? Group of answer choices Specialty advertising Rebate Sampling Contest
Answer:
Specialty advertising
Explanation:
An advertising specialty represent the product of the company logo that is given away to the customers for the motive of generating the goodwill
Since in the question it is mentioned that lucas who is a sales representative and wants to present company items to his customers so that provide a small token so this represent the specialty advertising
hence, the same would be considered
Traditions Home Accessories Company manufactures decorative lamps using an activity-based costing system to allocate all manufacturing conversion costs. The following information is provided for the month of June: Activity Estimated Indirect Activity Costs Allocation Base Estimated Quantity of Allocation Base Materials handling $3,000 Number of parts 6,000 parts Assembling $7,200 Number of hours 3,000 hours Packaging $4,000 Number of lamps 2,000 lamps Four lamps can be assembled in 1 hour. Each lamp consists of 9 parts. The total direct materials cost per lamp is $8.00. What is the total manufacturing cost per lamp
Answer:
$15.10 per lamp
Explanation:
Cost per part of Material handling = $3000/6000 parts
Cost per part of Material handling = $0.50 per part
Assembling per hour = $7200/3000
Assembling per hour = $2.40 per hour
Packaging per lamp = $4000/2000
Packaging per lamp = $2 per lamp
Total manufacturing cost per Lamp = $8 + (9*$0.50) + ($2.40/4) + $2
Total manufacturing cost per Lamp = $8 + $4.5 + $0.6 + $2
Total manufacturing cost per Lamp = $15.10 per lamp
Think about people, organizations, agencies, or projects that need help in your neighborhood or city. List them below along with a description of how you can help.
There are several ways to contribute to the development of your neighborhood or city.
You can start researching which social projects and institutions are active in your neighborhood and seek information on ways you can help them.
A simple way to start helping the community with a positive impact is to organize a selective garbage collection and recycling system, so that there is a reduction of polluting waste on the planet and the promotion of good sustainability practices.
You can also help:
work in NGOs, develop tutoring programs for students, create book clubs, support programs for people in needWith small acts and good will, you are able to transform your community into a better place with a better quality of life for everyone who lives in it.
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What will happen when two countries trade based on comparative advantage?
(1 point)
A.
Each country will gain from international trade.
B.
Each country will lose from international trade.
C.
Each country will consume less of all the goods it can produce.
D.
Each country will produce more of all the goods it can produce.
Answer:
Explanation: Trade between two agents or countries allows the countries to enjoy a higher total output and level of consumption than what would have been possible domestically. ... Comparative advantage and opportunity costs determine the terms of trade for exchange under which mutually beneficial trade can occur.
Which of the following statements is the most accurate.
a. The direct write-off method is the accepted method because it is easier for companies.
b. The allowance method is the accepted method because it is easier for companies.
c. The direct write-off method is the accepted method because it follows the expense recognition (matching) principle.
d. The allowance method is the accepted method because it follows the expense recognition (matching) principle.
Answer:
The most accurate statement is:
d. The allowance method is the accepted method because it follows the expense recognition (matching) principle.
Explanation:
The difference between the direct write-off method and the allowance method is that with the direct write-off method, the bad debt expense is created once an invoice cannot be paid by the customer. On the other hand, the allowance method estimates the future bad debt and makes provision for it immediately a credit sale is finalized. The direct write-off method is favored by the IRS, while GAAP approves the allowance method.
How do you know what put in the balance sheet ???? I don't understand!!!!!
Balance Sheet Accounts
100 Assets 110 Cash
112 Accounts Receivable
115 Inventory
116 Estimated Returns Inventory
117 Office Supplies
118 Prepaid Insurance 120 Land
123 Store Equipment
124 Accumulated Depreciation —Store Equipment
125 Office Equipment
Income Statement Accounts
400 Revenues
410 Sales
500 Costs and Expenses
510 Cost of Goods Sold
520 Sales Salaries Expense 521 Advertising Expense
522 Depreciation Expense— Store Equipment
523 Delivery Expense
529 Miscellaneous Selling Expense
530 Office Salaries Expense
531 Rent Expense
126 Accumulated Depreciation —Office Equipment
200 Liabilities
210 Accounts Payable
211 Salaries Payable
212 Unearned Rent
213 Customer Refunds Payable
215 Notes Payable 300 Stockholders’ Equity
310 Common Stock 311 Retained Earnings 312 Dividends
532 Depreciation Expense— Office Equipment
533 Insurance Expense
534 Office Supplies Expense
539 Misc. Administrative Expense
600 Other Revenue 610 Rent Revenue
700 Other Expense
710 Interest Expense
Answer:
The accounts with numbers starting with 1, 2,3
Explanation:
1. What is purchasing power parity hypothesis? Is PPP realistic or not? Why?
One of the most extensively researched topics in international finance and general economics is the purchasing power parity (PPP) hypothesis, which assumes a connection between exchange rates and prices.
Countries with robust government economic control occasionally impose official exchange rates that artificially strengthen their own currency. The currency's black market exchange rate is, in contrast, unnaturally low. A PPP exchange rate is perhaps the most accurate foundation for economic comparison in such circumstances.
Benefits of PPP: The key one is that PPP exchange rates have historically been quite stable. Market rates, on the other hand, are more erratic, and utilizing them could lead to rather significant fluctuations in overall growth measurements—even when growth rates in particular countries are consistent.
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Give reasons that can explain why a stock price might not react at all on the day that new information related to the stock's issuer is released? Which of these reasons hold if the market is semi strong form efficient? Explain your argument.
Windmill Corporation,a Dutch corporation,is owned by the following unrelated persons: 50 percent by a U.S.corporation,5 percent by a U.S.individual,and 45 percent by a Swiss corporation.During the year,Windmill earned $2,000,000 of subpart F income.Which of the following statements is true about the application of subpart F to the income earned by Windmill?
A) Windmill is a CFC and the U.S. corporation and U.S. individual will have a deemed dividend of $1,000,000 and $100,000, respectively.
B) Windmill is a CFC and only the U.S. corporation will have a deemed dividend of $1,000,000.
C) Windmill is a CFC and the U.S. corporation, U.S. individual, and Swiss corporation will have a deemed dividend of $1,500,000, $100,000, and $900,000, respectively.
D) Windmill is not a CFC and none of the shareholders will have a deemed dividend under subpart F.
Answer: Windmill is not a CFC and none of the shareholders will have a deemed dividend under subpart F.
Explanation:
Subpart F income include insurance income, illegal bribes, foreign base company income, international boycott factor income, etc.
It should be noted that Windmill isn't a controlled foreign corporation that is the company isn't a corporate entity which is duly registered and then conducts business in another country that's different from its home country. Therefore, none of the shareholders will have a deemed dividend under subpart F.
a. At the beginning of the year, Addison Company's assets are $176,000 and its equity is $132,000. During the year, assets
increase $80,000 and liabilities increase $59,000. What is the equity at year-end?
b. Office Store Company has assets equal to $224,000 and liabilities equal to $194,000 at year-end. What is the equity for
Office Store Company at year-end?
c. At the beginning of the year, Quaker Company's liabilities equal $69,000. During the year, assets increase by $60,000,
and at year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending
amounts of equity?
At the beginning of the year, Addison Company's assets will be:
a. The equity at year-end will be $197,000.
b. The equity for Office Store Company at year-end will be $30,000.
c. The beginning and ending amounts of equity will be $103
What is assets?
Assets are items of value owned by an individual or an organization. Assets are divided into two categories: tangible and intangible. Tangible assets are physical in nature, such as cash, land, buildings, equipment, inventory, and investments. Intangible assets are non-physical, such as intellectual property, goodwill, copyrights, and trademarks. Assets can be used to measure the value of a business and its performance.
a. Equity at year-end = $176,000 + $80,000 - $59,000 = $197,000
b. Equity for Office Store Company at year-end = $224,000 - $194,000 = $30,000
c. Beginning equity = $69,000; Ending equity = $190,000 - $69,000 - $18,000 = $103
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An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Wellman Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary.
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity.
(a) Payment of interest on notes payable.
(b) Exchange of land for patent.
(c) Sale of building at book value.
(d) Payment of dividends.
(e) Depreciation.
(f) Receipt of dividends on investment in stock.
(g) Receipt of interest on notes receivable.
(h) Issuance of common stock.
(i) Amortization of patent.
(j) Issuance of bonds for land.
(k) Purchase of land.
(l) Conversion of bonds into common stock.
(m) The loss on the sale of land.
(n) Retirement of bonds.
1. Investing Activity
2. Operating Activity
3. Financing Activity
4. Noncash Investing and Financing Activity
Answer:
(a) Payment of interest on notes payable.
Classification: Operating activity
(b) Exchange of land for patent.
Classification: Non-cash Investing and Financing activity
(c) Sale of building at book value.
Classification: Investing activity
(d) Payment of dividends.
Classification: Financing activity
(e) Depreciation.
Classification: Operating activity
(f) Receipt of dividends on investment in stock.
Classification: Operating activity
(g) Receipt of interest on notes receivable.
Classification: Operating activity
(h) Issuance of common stock.
Classification: Financing activity
(i) Amortization of patent.
Classification: Operating activity
(j) Issuance of bonds for land.
Classification: Non-cash Investing and Financing activity
(k) Purchase of land.
Classification: Investing activity
(l) Conversion of bonds into common stock.
Classification: Non-cash Investing and Financing activity
(m) The loss on the sale of land.
Classification: Operating activity
(n) Retirement of bonds.
Classification: Financing activity
Typically you do not have to worry about overdraft fees when you overdraw your bank account. * O True O False
Answer:
that should be false
Explanation:
The following data are given for Stringer Company: Budgeted production 967 units Actual production 1,021 units Materials: Standard price per ounce $1.98 Standard ounces per completed unit 11 Actual ounces purchased and used in production 11,568 Actual price paid for materials $23,714 Labor: Standard hourly labor rate $14.92 per hour Standard hours allowed per completed unit 4.4 Actual labor hours worked 5,258.15 Actual total labor costs $80,187 Overhead: Actual and budgeted fixed overhead $1,035,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable overhead costs $147,228 Overhead is applied on standard labor hours. The direct materials quantity variance is a.809.36 favorable b.809.36 unfavorable c.667.26 unfavorable d.667.26 favorable
Answer:
d. 667.26 Favorable
Explanation:
Direct materials quantity variance = (Standard quantity allowed - Actual Quantity Used) * Standard Price of a unit of direct material
Direct materials quantity variance = (11*1,021 - 11,568) * $1.98
Direct materials quantity variance = (11,231 - 11,568) * $1.98
Direct materials quantity variance = 337 * $1.98
Direct materials quantity variance = $667.26 Favorable
All of the following are part of an accounting system except:
Answer:
C
Explanation:
its either c or a , the question is not worded right on canvas
Exercise 8-6 Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 31,000 33,000 24,000 29,000 The company’s variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $7,000 will be paid in the second quarter. Required: Prepare the company’s selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.)
Answer and Explanation:
The preparation of the company’s selling and administrative expense budget for the upcoming fiscal year is presented below
For determing this, we add the total of variable selling & admin expense and the fixed selling & admin expense and after calculating it we deduct the depreciation expense so that the cash disbursement can be come
Kindly find the attachment for the computation
Identify the relevant total quality management (TQM) technique for each example or description in the following table.
Example/Description
1.When a defense company needed to create quality software, they brought representatives from the Quality Assurance (QA) group in to work with software and systems engineers. The QA group found that peer reviews were the best way to catch software bugs, and they shared their knowledge with the head of software engineering. Working together with the engineers, the QA group started a system of peer reviews and formal inspections, and together, the group decreased the number of problems in the software the company produced.
A. Quality partnering
B. Continuous improvement
C. Quality circle
D. Benchmarking
2.Wausau Window and Wall Systems started this process with a commitment from the CEO that he and all other managers in the company would be trained in program fundamentals. Using this problem-solving methodology, Wausau relentlessly pursued higher quality and lower costs at its window trim plant. Intensive analysis led to a redesigned workflow that improved productivity by 100%.
A. Benchmarking
B.Continuous improvement
C. six sigma
D. Quality circle
3. At the Franklin Steel Products Plant in Franklin, Kentucky, employees from the Dana Corporation’s Perfect Circle Products unit manufacture as many as 3,500 different part numbers, primarily for automakers Ford, General Motors, and DaimlerChrysler, as well as thousands of after-market products. Despite the high-volume, high-mix environment, Dana Franklin has maintained a 99% on-time delivery rate to customers since 2001. The philosophy here is that with each unit produced, with each hour, with each day and each week, the plant gets just a little bit better.
A. Six Sigma
B. Quality circle
C. Continuous Improvement
D.Benchmarking
4.Which of the following factors is likely to have a negative impact on the success of a TQM program? Check all that apply.
A. TQM motivates employees and enriches jobs.
B. Middle managers fear that they will lose their authority.
C.Managers expect to see dramatic innovations as a result of TQM.
D. Employees are dissatisfied with working conditions.
Answer:
Following are the responses to the given choices:
Explanation:
In question 1 the answer is "Choice A" because this technology and creation of such technology staff are more knowledgeable but interacting within their various organizations is necessary to understand a business strategy to build appropriate solutions. In the current context Interplay with QA service also helped to provide the best options. In question 2 the answer is "Choice C" because it simply put, six-sigmas can identify which areas of changes related to the production system using the resources at the lowest cost possible. It is beneficial at a cheaper price. In question 3 the answer is "Choice C" because The Efficiency on a continuous basis by evaluating all of the areas necessary Its change by optimal use of that was a sign of high potential growth and development.In question 4 the answer is "Choice B, C, and D" TQM represents Total Quality Management, which indicates that it considers all areas necessary to improve and advance in general.Within a an organizational structure, the person most likely to be evaluated in terms of controllable costs would be:___________.
a. A cost center manager.
b. A production line worker.
c. A graphic designer.
d. A payroll clerk.
e. A maintenance worke
Answer:
a. A cost center manager.
Explanation:
Cost center managers would be responsible for the transactions that are charged to the center. Here the managers would be responsible for creating the revenue budget and expenses for the cost center that should be on an annual basis
So according to the given situation, the controllable cost would be evaluated based on the cost center manager
hence, the option a is correct
Ramone's Drones Inc. makes local deliveries using small drones. Ramone is looking to hire an additional pilot to help with increased delivery needs. He currently brings in $8500 per month, but with the new pilot, thinks he'll be able to increase his revenue to $9750 per month.
Required:
What is the monthly marginal revenue from hiring the additional pilot, which is referred to as the marginal revenue product of labor or MRPL?
Answer:
$1250
Explanation:
The computation of the monthly marginal revenue is shown below;
As we know that
MRPL = (Change in Revenue ÷ Change in Labour)
Given that
Initial Revenue = $8500
New Revenue = $9750
So,
Change in Revenue = ($9750 - $8,500)
= $1,250
And,
Change in Labour = 1
So,
MRPL is
= $1250 ÷ 1
= $1250