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andriy [413]
1 year 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]1 year 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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ABC Manufacturing uses a Kanban system for a component. The daily demand is 800 units. Each container has a combined waiting and
Rashid [163]

Answer:

6 (rounded up to the nearest whole number)

Explanation:

Number of kaban= Daily demand*lead time in days * ( 1 + safety stock)/quantity in a container

= 800*0.34* (1+9/100)/50

272 * 1.09/50

272* 0.0218

=5.9296

=6 ( nearest whole number)

4 0
1 year ago
The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 830
Anika [276]

Answer  and Explanation:

a. Q1 Q2 Q3 Q4

Collection period is 45 days    

cash collection of Current quarter sales (Total days in quarter- cash collection period)/total days in quarter (90-45)90=1/2  

Beginning receivable (A) 420 415 430 470

Sales (B) 830 860 940 970

Cash collections © 835.00 845.00 900.00 955.00

420+(830*1/2) 415+(860*1/2) 430+(940*1/2) 470+(970*1/2)

Ending receivables (A+B-C) 415.00 430.00 470.00 485.00

b.

Collection period is 60 days    

cash collection of Current quarter sales (Total days in quarter- cash collection period)/total days in quarter (90-60)90=1/3  

Beginning receivable (A) 420 553.33 573.33 626.67

Sales (B) 830 860 940 970

Cash collections © 696.67 840.00 886.67 950.00

420+(830*1/3) 553.33+(860*1/3) 573.33+(940*1/3) 626.67+(970*1/3)

Ending receivables (A+B-C) 553.33 573.33 626.67 646.67

c .

Collection period is 30 days    

cash collection of Current quarter sales (Total days in quarter- cash collection period)/total days in quarter (90-30)90=2/3  

Beginning receivable (A) 420 276.67 286.67 313.33

Sales (B) 830 860 940 970

Cash collections © 973.33 850.00 913.33 960

420+(830*2/3) 276.67+(860*2/3) 286.67+(940*2/3) 313.33+(970*2/3)

Ending receivables (A+B-C) 276.67 286.67 313.33 323.33

4 0
1 year ago
Suppose Luther Industries is considering divesting one of its product lines. The product line is expected to generate free cash
erik [133]

Answer:

$61,127,596

Explanation:

formula for the value of operations =

[Free Cash Flows (1 + growth rate)] / (WACC - growth rate)

where

We have D/E = 2 or D=2*E  (debt-equity ratio)

Tax = T=35%,

Ks=10%,

Kd =7%

Kd*(1-T) = 7%*(1-35%) = 4.55%

WACC = Kd*(1-T)*(D/(D+E)) + Ks*(E/(D+E))

WACC = 4.55%*(2E/3E) + 10%*(E/3E)

WACC = 4.55%*(2/3) + 10%*(1/3)

WACC = 6.37%

Value of Ops = 2000000*(1+3%)/(6.37%-3%)

Value of Ops = $61,127,596

to be profitable it must receive for the product line $61,127,596

6 0
1 year ago
ABC Company is unloading coal from a barge on the Mississippi River. The barge contains 1,760 tons of coal. The coal is shoveled
Naily [24]

Answer:

The answer is: 5 hours 20 minutes; 4 Trucks

Explanation:

Each truck has a 16 minute window to pick up and dump the coal. This process can be observed as an assembly line where each stage of production is the stages of coal transport. When Truck A is travelling to the dump site, Truck B can be loading the coal. When Truck B is travelling to the dump site and Truck A is dumping the coal, Truck C would be loading the coal. When Truck A is travelling to the loading area, Truck B dumping the coal and Truck C travelling to the dump site, Truck D would be loading the coal. Once Truck A gets to the loading area, Truck D would be on its way to the dump site and so on. In each 16 minute window 88 tons of coal (22 tons * 4) is picked up and dumped, that is, 22 tons every 4 minutes. Given that there are 1, 760 tons of coal, the total time taken to dump all the coal is equal to 320 minutes:

88 tons = 16 minutes (22 tons dumped every 4 minutes)

1, 760 tons = (1760 tons * 16)/88 tons = 320 minutes

320 minutes/ 60 minutes = 5 hours 20 minutes

6 0
1 year ago
E6-18 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers LO6-2 On its recent financial statements, Hassell
timofeeve [1]

Answer:

  • 1. What amount of bad debts was written off during the current year?  

Allowance for Doubtful Accounts  

$ 147 Credit

$ 94 Credit

$ 58 Debit

$ 183 Credit Balance      

Dr Allowance for Uncollectible Accounts $ 58  

Cr Accounts Receivable Net $ 58  

2. Based on your answer to requirement (1), solve for cash collected from customers for the current year    

Accounts Receivable  

$ 11.785    Debit  

$ 61.170    Debit  

$ 58         Credit  

$ 58.825 Credit  

$ 14.072  Debit Balance  

Explanation:

To know the amount that was written off during the current year, it's necessary to take the balance of the prior year and add the amount recorded as bad debt during the year, with these we calculate the amounts of difference between the balance of the current year and these values, the amount it's the value written-off during the current year.          

  • Hassell recorded bad debt expense of $94 and there were no bad debt recoveries during the current year.  

Dr Bad Debt Expense                                $ 94  

Cr Allowance for Uncollectible Accounts $ 94  

1. What amount of bad debts was written off during the current year?  

Allowance for Doubtful Accounts  

$ 147 Credit

$ 94 Credit

$ 58 Debit

$ 183 Credit Balance

Dr Allowance for Uncollectible Accounts $ 58

Cr Accounts Receivable Net                 $ 58

2. Based on your answer to requirement (1), solve for cash collected from customers for the current year    

With these value calculated we can know find the total amount collected during the year, as previously done, we apply the same procedure to find the amount, we know the movements done during the current year and by difference we find the total value collected.

Accounts Receivable  

$ 11,785    Debit  

$ 61,170    Debit  

$ 58         Credit  

$ 58,825 Credit  

$ 14,072   Debit Balance  

Dr Cash                                   $ 58.825

Cr Accounts Receivable Net $ 58.825

     

5 0
2 years ago
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