Answer:
D. Minimize quality costs throughout the organization
Explanation:
- A quality strategy is part of the organization's strategy to maintain quality standards and to maintain productivity at a higher significance level.
- For the same various companies have a TQM total quality management systems in place that checks the quality must be maintained as a standard, the company must be aware and must show the participation in its implementation, must be of least cost and rewarding in nature.
- Thus to build or forester an organization's culture of quality and to engage all employees in building these principles through a well-maintained standard of the organization.
Answer and Explanation:
The effect of the given transaction is shown in the attachment below. Please find the attachment
As we know that
Accounting equation is
Total assets = Total liabilities + total stockholder equity
So,
1. In the first transaction there is an increased in assets by $29,000 and decreased the assets by $29,000 plus the same is to be recorded in the operating section of the cash flow statement
2. In the second transaction, there is decreased in asset for $49,020 also the retained earning is also decreased by same amount plus there is a bad debt expense also
Answer:
Philip's country has followed the process of Dollarization.
Explanation:
Dollarization is the process of adopting a foreign currency instead of it own domestic currency. It is not necessary to adopt United States Dollar as your substituting currency in Dollarization. Any stable currency can be used instead of the domestic currency. Countries move towards the Dollarization when they have a weak domestic currency and they are in a threat of low buying power, and unstable economic environment. All these factors lead a country to go for substituting its domestic currency and choose a stable currency to control inflation and other unstable economic activities of the country. In this example, the value of currency of John's country depreciated over time and is expected to depreciate more in the coming months, so they went towards the process of Dollarization.
Answer:
A) For which event was the labor productivity higher?
Productivity is defined as the capacity to produce with a set amount of inputs, these inputs being workers and capital. A higher productivity occurs when more output is produced with the same or less amount of inputs.
Labor productivity was higher for the the anniversary celebration last week because with 7 workers, the catering company managed to serve 250 meals. Meanwhile, the week before, with 1 more worker (8 in total), the company only served 200 meals.
B) What are some possible reasons for the productivity differences?
The reasons can be very varied. One common reason though is the law of diminishing marginal product. This economic law establishes that there is an optimal amount of workers to employ in an economic activity, and any amount above or below will be less productive.
In this case, the optimal amount may have been 7 workers, and adding the 8 worker could have created a productivity loss represented by the lesser production.
The most logical answer to me would be A, however I recommend you don’t go with my answer JUST YET because this is an educational guess. Take time to think about my answer. Sorry if it’s wrong
