All categories

1 year ago

The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to

1 answer:

4 0

The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to figure out ways to change and implement new ideas within their group setting and project or business. The PDCA stands for plan-do-check-act. In the planning stage your team will plan by determining what the problem is and what ways to fix it. In the do stage, your team will act on the ways you can solve the problem. In the check stage you are looking to check your work and see what worked and what needs to be changed. The final stage is the act stage which if you find solutions that work, implement them moving forward.

You might be interested in

Advika is a resident of India who exports hand-dyed fabrics to other nations. Since India has an exchange control system, what d

Semmy [17]

Answer: The Reserve Bank of India keeps all of Advika’s foreign currency for her.

Explanation:

When a country uses exchange controls, it limits the amount of foreign currency that can come into a country. This is usually done to ensure stability in the money market of the country as well as to improve the balance of payments for the country.

One way of implementing exchange control is for all foreign currency to go through the Central bank of the country. Should a citizen need access to foreign currency, they would need to apply to the central bank to access it. With India having an exchange control system, the Reserve Bank of India keeps all foreign currency and Advika would have to apply for it should she need it.

5 0

2 years ago

Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions:

trasher [3.6K]

Answer:

Explanation: Journal Entries

a. Purchased material on account

Debit: Materials Purchases

Credit: Account payable

b. Recorded wages payable

Debit: Wages

Credit: Wage payable

c. Requisitioned both direct material and indirect material.

Debit: Manufacturing overhead

Credit: Raw material inventory

d. Assigned direct and indirect labor costs.

Debit: Manufacturing overhead

Credit: Labour costs

e. Recorded factory depreciation

Debit : Depreciation expense

Credit: Accumulated depreciation

-accrued factory property tax.

Debit: Property tax expense

Credit: Accrued Tax

f. Applied manufacturing overhead to production.

Debit: Production expenses

Credit: manufacturing overhead

g. Completed work on products.

Debit: finished goods inventory

Credit: work in process inventory

h. Sold finished goods on account.

Debit: Account receivable

Credit: Sales

i. Paid wages

Debit: Wages

Credit: cash/bank

8 0

2 years ago

Jaxon Markets currently has credit terms of net 30, an average collection period of 29 days, and average receivables of $211,410

Fudgin [204]

Answer: $50,301

Explanation:

If they offered the new terms of 2/10, net 30 then 45 percent of their customers would pay on day 10 with the remainder paying on average in 32 days.

The collection period would therefore be;

= 0.45 * 10 + 0.55 * 32

= 22.1 days

Currently the Average Daily sales are;

= Average Receivables/ Average collection period

= 211,410/29

= $7,290

With the new collection period their Average receivables would be;

= 7,290 * 22.1

= $‭161,109‬

Potential cash to be freed up = Current Receivables - New receivables

= 211,410 - 161,109

= $50,301

7 0

2 years ago

Blake eats two bags of potato chips each day. Blake's hourly wage increases from $9 to $15, and he decides to stop eating generi

max2010maxim [7]

Answer:

-4 units

Explanation:

Using the midpoint method, Blake's income elasticity of demand for generic potato chips is given by the change in demand (D) multiplied by his average income (I), divided by the change in income multiplied by the average demand:

$E=\frac{\Delta D}{\Delta I}*\frac{I_{avg}}{D_avg}\\E=\frac{0-2}{15-9}*\frac{\frac{9+15}{2}}{\frac{2+0}{2} }\\E=-4\ units$

Blake's income elasticity of demand is -4 units.

8 0

1 year ago

Charlotte, the manager of an electronics store in Ohio, gives her staff the authority to resolve customer complaints. She lets t

Yuliya22 [10]

Answer:option B

Explanation: job enrichment

6 0

2 years ago