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kobusy [5.1K]
2 years ago
14

Which of the following statements about operations management processes is NOT true? Group of answer choices Inputs to operation

s management processes can be materials, people, and/or information. Outputs of operations management processes are always tangible goods. Operations management processes involve transformation of inputs into valuable outputs. Design of operations processes should reflect what customers want.
Business
1 answer:
jenyasd209 [6]2 years ago
4 0

Answer:

Outputs of operations management processes are always tangible goods.

Explanation:

Operations management focuses on the production and distribution processes of both goods and services. Its main goal is to improve the efficiency and effectiveness of the processes involved.

When applying operations management o service processes, you  must pay attention to how the service is delivered to customers, e.g. procedures, schedules, activities, etc.

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A publisher receives cash for a magazine subscription during Year 1. The publisher sends magazines on a monthly basis to that cu
lawyer [7]

Answer:

FALSE

Explanation:

The revenue recognition principle state the firm will only reocgnize a revenu once the sercvice is performed. in this case the revenu should be recognize over time after each magazine is delivered or through adjusting entries at year-end or quarter-end. Never entirely as this represent an obligation to delivwer this magazines or return the money. It isn't revenue. It is a liability which becomes revenue over time.

8 0
2 years ago
The city of Morehead leased equipment. The life of the noncancellable lease is 10 years. Using an 8 percent interest rate, the p
belka [17]

Answer:

1. Dr Equipment $ 905,861

Cr Lease Payable $ 905,861

2). Dr Lease Payable $ 125,000

Cr Cash $ 125,000

3) Dr Lease payable $ 115,000

Dr Interest Expense $ 10,000

Cr Cash $ 125,000

Explanation:

1. Preparation of the journal entry for the long-term lease in the General Fund..

Dr Equipment $ 905,861

Cr Lease Payable $ 905,861

2) Preparation of the first lease payment Journal entry on January 10,

Dr Lease Payable $ 125,000

Cr Cash $ 125,000

3) Preparation of the journal entry to second lease payment on January 10, 2018

Dr Lease payable $ 115,000

Dr Interest Expense (125000 x 8%) $ 10,000.00

Cr Cash $ 125,000

4 0
1 year ago
Marigold Co. reports the following information for 2020: sales revenue $780,800, cost of goods sold $519,000, operating expenses
siniylev [52]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issued shares  

Before preparing the statement of stockholders’ equity we need to calculate the net income or net loss as the case may be. The computation is shown below:

Net income = Sales revenue - cost of goods sold - operating expenses

                    = $780,800 - $519,000 - $88,800

                    = $173,000

The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:

4 0
2 years ago
Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2015 and 240 million pounds for $3 per po
VARVARA [1.3K]

Answer: C) the demand for coffee beans has increased

Explanation:

The law of supply states that: "all things being equal" the higher the price the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Coffee growers sold just 200 million pounds of coffee when the price was $2 per pound but they increased their supply of coffee to 240 million pounds when the price per pound is $3.

This is an evidence to show that suppliers supply more products when price increase in order for them to make more profits.

3 0
2 years ago
A rug manufacturer has decided to use 7 compatible colors in her rugs. however, in weaving a rug, only 5 spindles can be used. i
zubka84 [21]
The number of available colors is n = 7.
The number of colors that can be selected at a time among the 7 colors is r = 5.

This means that the number of selections of 5 colors from 7 colors at a time is ₇C₅.
By definition,
_{7} C_{5} = \frac{7!}{2!5!} = \frac{7.6.5!}{2.1.5!} = \frac{7.6}{2}=21

Answer: The number of color groupings is 21.


3 0
2 years ago
Read 2 more answers
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