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andriy [413]
2 years ago
9

Which is the lean principle where managers and employees seek to uncover waste in business activities including accounting activ

ities such as payroll and disbursements?
Business
1 answer:
tatyana61 [14]2 years ago
8 0

Answer:

Total Quality Management

Explanation:

Total Quality Management is a business technique or system that focuses on best quality of operations in the workplace in its entirety. As the entire business operations are covered it not only focuses on the quality of products manufactured or services provided but also on all the internal business operations as well.

This provides for the better performance at workplace in accounting activities as well, as all the systems are closely monitored to perform at their best capacities.

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6. What aggregate planning difficulty that might confront an organization offering a variety of products and/or services would n
sukhopar [10]

Explanation:

Aggregate planning can be defined as a marketing tool whose objective is to develop a 6 to 18 month plan for the organizational production process, in order to plan in advance the need for the amount of materials and resources that a company needs to have in each period time, so costs are reduced.

Some aggregate planning decisions involve the amount of subcontracting items, the amount of outsourcing, overtime hours, the amount of inventory to be maintained and to be accumulated in a certain period, etc.

Aggregated planning helps the organization to meet demand and supply in a period of time, and it is also possible to be an instrument of influence on supply and demand, so an organization that offers a variety of products and / or services could face difficulties management of all the variables necessary for the production of varied items, as this planning takes time, affects costs, customer satisfaction, synchronization of the supply chain, etc.

8 0
2 years ago
Nofly corporation sells three different models of a mosquito "zapper." model a12 sells for $50 and has variable costs of $35. mo
Vsevolod [243]

The first step you need to do to solve this problem is to calculate the contribution margin per unit for each model:

Model                                                                                   a12                         b22                         c124

Sales Price per unit                                                          50                           100                         400

Less: Variable Cost per unit                                         35                           70                           300

Contribution Margin per unit                                      15                           30                           100

The next step is to calculate the weighted-average contribution margin per unit for the sales mix using the following formula:

Model a12 CM per Unit × Model a12 Sales Mix Percentage<span>
+ Model b22 CM per Unit × Model b22 Sales Mix Percentage
+ Model c124 CM per Unit × Model c124 Sales Mix Percentage
<span>= Weighted Average Unit Contribution Margin (WACM)</span></span>

Contribution Margin per unit                                      15                           30                           100

X Sales Mix Percentage                                                 60%                        15%                        25%

WACM                                                                                  9                              4.5                          25

Weighted Average Unit Contribution Margin (sum)                         38.5

The next step is to find the break-even point using the WACM.

<span> <span><span> <span> Total Fixed Cost </span> <span> $269,500 </span> </span> <span> <span> ÷ Weighted Average CM per Unit </span> <span> $38.50 </span> </span> <span> <span> Break-even Point in Units of Sales Mix </span> <span> 7,000 </span> </span> </span></span>

 

The next step is to calculate the number of units of each model at break-even point

<span> <span><span> <span> Model </span> <span> a12 </span> <span> b22 </span> <span> c124 </span> </span> <span> <span> Sales Mix Ratio </span> <span> 60% </span> <span> 15% </span> <span> 25% </span> </span> <span> <span> × Total Break-even Units </span> <span> 7,000 </span> <span> 7,000 </span> <span> 7,000 </span> </span> <span> <span> Product Units at Break-even Point </span> <span> 4,200 </span> <span> 1,050 </span> <span> 1,750 </span> </span> </span></span>

<span> </span>

7 0
2 years ago
Which of the following would shift the supply curve for roses to the right? a. Valentine’s Day is approaching, and everyone want
tia_tia [17]

Answer:

b. There is a fall in the wages paid to workers that grow roses.

Explanation:

A shift to the right in the supply curve means that the supply of roses increased the quantity of roses at the same price. This is only possible is a change in the cost structured improved the capacity of production of roses at the same use of resources. With a fall in salaries of workers is possible to hire more workers and increase the offer of total roses at a same level of previous cost

7 0
2 years ago
JTM Ltd incurs costs of $16 per unit ($12 variable, $4 fixed) for a widget it sells for $22. JTM has received two special offers
Mademuasel [1]

Answer:

We must analyze the potential benefits of choosing one order or the other one:

Current JTM costs:

  • $12 variable per unit
  • $4 fixed per unit

If JTM accepts Firm A's order its fixed costs will not vary and it will be able to increase its profits by: ($17 - $12) x 10,000 = $50,000

Since JTM doesn't have the capacity to fulfill Firm B's order with their current cost structure, if it decides to take it, its variable or fixed costs (we don't know which) will probably increase, so its contribution margin will no longer be $5, as with Firm A's order, but will probably be lower. We are not told by how much the costs would increase.

The third alternative is to accept Firm B's offer and not sell 2,000 units through its normal distribution channels, but that would result in an increase in profits but also loss of normal profits:

($5 x 14,000 units) - ($6 x 2,000 units for the lost normal profits) = $70,000 -  $12,000 = $58,000. If JTM is able to cancel the sale of 2,000 units, then Firm B's offer would increase its profits by $58,000, $8,000 more than Firm A's order, but it depends on its ability to cancel or not the normal sales.

3 0
2 years ago
Moretti Department Store sells gift cards that expire three years from the date of purchase. During 2019, Moretti sold $50,000 o
GenaCL600 [577]

Answer:

$64,300

Explanation:

The amount of revenue that Moretti Department store should recognize as revenue in 2021 should be based on the redeemed amount in the year and unused balance:

1. $1,500 were redeemed during 2021

2. $800 2019 balance remains unused

3. $22,000 were redeemed in 2021

4. $40,000 were redeemed in 2021

Total Revenue for 2021 = $64,300

8 0
2 years ago
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