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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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The following information was taken from the accounting records of Gorky Corporation for the year ended December 31, Year 1: Cas
Romashka-Z-Leto [24]

Answer:

Cash flow generated from financing activities: 5,200,000

Explanation:

Financing activities are the cash outflow and inflow from the company's debt and equity. Take and repayment of debt, interest on debt and dividend yield will be included in this section:

Cash received from issuance of notes payable    8,000,000

Dividends paid on Gorky common stock                (800,000)

Repayment of notes payable                           <u>     (4,000,000)   </u>

Cash flow generated from financing activities: 5,200,000

The machinery and planyt building are not financing activities. So we ignore them.

8 0
2 years ago
Ranns Supply uses a perpetual inventory system. On January 1, its inventory account had a beginning balance of 6,450,000. Ranns
Over [174]

Answer:

Part A

Cost of Goods Sold reported in the company's year-end income statement is $11000000

Part B

Merchandise Inventory reported in the company's year-end balance sheet is $84000000

Part C

The balance of the Cost of Goods Sold account  Immediately prior to recording inventory shrinkage is $ 10000000

The balance of the Merchandise Inventory account  Immediately prior to recording inventory shrinkage is $85000000

Explanation:

Cost of Goods Sold

Ranns Supply use the perpetual inventory system. This means that cost of goods sold is calculated after every sale agreement.

In this case Cost of Sales figure reported at company`s year end can be calculated using missing figure approach in the Income Statement

Calculation of the Cost of Sales figure is as follows:

Net Sales $2600000 - Gross Profit $15000000 = $1100000

Merchandise

The merchandise account records assets of inventory in hand during the year.

The Merchandise used during the year should match with the cost of sales figure.But if the figure is lower than the cost of sales figure, then inventory was written down to its replacement value in terms of IAS 2.

Calculation of Merchandise in Hand is as follows:

Purchase of Merchandise $9500000 - Shrinkage During the year $10000000 - Write down of Inventory $1000000 = $ 84000000

6 0
2 years ago
Shawna would like to explore a career that would allow her to work outdoors with natural resources. Which two careers would be t
Anni [7]

Answer:

The only two jobs that deal with natural resources are:

  1. oil rig driller
  2. wind turbine engineer

Oil rig drillers work in the ocean completely surrounded by water, or maybe other oil rigs but they are never too close.

Wind turbine engineers work on open spaces, surrounded by very few things other than wind turbines. Wind turbines are HUGE and they are usually located on very isolated places.

5 0
2 years ago
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of
leva [86]

Answer:

1.                  2021 2022 2023

revenue       2912973 3399745       2197282

costs        2170000 2670000      3970000

gross profit        742973 729745       -1772718

2a. Debit Contract account 2912973, Credit revenue 2912973

Debit Bridge in progress 2170000 credit various accounts 2170000

Debit Accounts Receivable 2670000, Billing on CIP  2670000

Debit Bank  2420000, credit Accounts receivables 2420000

2b. Debit Contract account 3399745, Credit Revenue 3399745

debit work in progress 2670000, credit Various accounts

debit Accounts receivables 2920000, Billing on CIP 2920000

Debit bank 2645000, credit accounts receivables 2645000

3a. BALANCE SHEET 2021

current assets

accounts receivables         250000

Liabilities

billing                                  2670000

3b. current Assets  

Accounts receivables        275000

Liabilities

Billing                                2920000            

Explanation:

percentage of completion = cost incurred for start to date/ total estimated costs

percentation of completion  

2021 2022 2023

34.23% 74.18% 100

Revenue to be recognised = total revenue * percentage completed

current period revenue = revenue to be recognise - prior revenue

4 0
2 years ago
Over the course of 50 years, Dexter grew his company to eight package shipping stores. With his retirement approaching and the i
Butoxors [25]

Answer:

B. Defensive Strategy

Explanation:

One thing that is inevitable in business is competition. Dexter decided to use a defensive strategy for his business with his retirement coming in and competition becoming even stronger.

Defensive strategies are management techniques used to "fend off attacks" from competitors. It helps the decision maker hold on to shares of the market. Some companies do this to lower the risk of being attacked when they perceive attacks coming from competitors so in turn, those competitors can focus on other competitors in the market.

8 0
2 years ago
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