Lean manufacturing boosts output while enhancing efficiency and reducing waste. Therefore, the advantages are numerous. Higher product quality: Enhanced efficiency frees up personnel and resources that would otherwise be spent for innovation and quality assurance.
A concept known as "lean manufacturing" aims to increase productivity while eliminating waste in industrial systems. Anything that buyers do not think adds value to and are not prepared to pay for is considered waste.
Lean manufacturing is a production technique that primarily aims to shorten response times from suppliers and consumers as well as times spent in the production system. It has a lot in common with the just-in-time manufacturing idea.
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A contra-asset account, such as accumulated depreciation, will have a normal debit balance. True or false
The claim that a contra-asset account, such as accumulated depreciation, will typically contain a debit balance, is false.
What is a contra asset account.An asset account that has a natural balance that is either zero or credit (negative) is referred to as a contra asset account. The balance in the asset account with which it is associated on the balance sheet is offset by the account.
A contra asset account is not categorized as either an asset or a liability because it does not represent long-term value or a potential obligation.
What distinguishes a contra account from a contra asset account?In the fixed asset account, various fixed assets are represented by their initial acquisition costs, and in the contra account, they are represented by their cumulative depreciation (accumulated depreciation).
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The position of court composer was one with many benefits, however, the composer was still a ______.
Court musicians went on business trips with their employers and were more up to date on musical trends.
What is musicians?A musician is someone who writes, performs, or conducts music. According to the United States Employment Service, the term "musician" is a catch-all phrase for someone who makes their living through music. Musicians are anyone who composes music and lyrics for songs, directs a musical performance, or plays live in front of an audience. A musician who performs is often either a vocalist who sings or an instrumentalist who plays an instrument. Musicians can perform solo, in a group, band, or orchestra, or both. Musicians specialise in a particular musical genre, while some play in a range of genres based on their cultural and linguistic backgrounds. A recording artist is a musician who produces and releases music artist.
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The _____ section of the business plan describes the purpose of the proposed business-its reason for existence.
The Mission Statement section of the business plan describes the purpose of the proposed business-its reason for existence.
What is Mission Statement?Mission Statement can be defined as the statement that explain what led to an organization to be in existence, the goals and objective of the organization, the type of products or services the organization rendered among others.
Most company or organization tend to have their own mission statement that tend to explain the purpose of their proposed business.
Therefore the Mission Statement section of the business plan describes the purpose of the proposed business-its reason for existence.
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A flexible budget is based on a single predicted amount of sales or other activity measure.
true/ false
A flexible budget is based on a single predicted amount of sales or other activity measure. - TRUE
value variances are unnoticed underneath management by means of exception. fakeflexible budget is based on a unmarried anticipated quantity of sales or other pastime degree:false{bendy budget is based totally on numerous different amounts of income or different interest measure}
solution: flexible budgetA bendy price range is that which is prepared for extraordinary degrees of hobby the use of the assumptions or parameters contained in a set finances.It consists of finances of diverse stage of sports regularly consisting of each a high-quality-case and worst-case scenario. all of the numerous extraordinary tiers are then represented comparatively, showing the complete price range of every level.for instance, if it's far assumed that the variable fee in keeping with unit is $nine, a business might prepare budgets for allow say , 15,000 gadgets, sixteen,000 units 18,000 units displaying the expected revenue, expenditure and income for these exclusive scenarios. Such finances is known as flexible finances.Learn more about budget https://brainly.com/question/15683430
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delia files a suit against eduardo in a florida state court over the ownership of a boat docked in a florida harbor. both delia and eduardo are residents of georgia. eduardo could ask for a change of venue on the ground that georgia
The reason why Eduardo could ask for a change of venue is based on the fact that Georgia d. is a more convenient location to hold the trial.
Why can Eduardo ask for a change of venue?It is always best to hold a state court case in a state that not only has the jurisdiction to hear the case, but would be the most convenient for the parties involved.
In this case, both Eduardo and Delia are from the state of Georgia which means that courts in Georgia have the jurisdiction to hear the case. Georgia would also be the better location because both parties live there and so would cut costs on having to travel to Florida for the case to be heard.
Options for this question include:
a. has a sufficient stake in the matter. b. has jurisdiction. c. has sufficient minimum contacts with the parties. d. is a more convenient location to hold the trial.Find out more on state court jurisdiction at https://brainly.com/question/10377896
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How much would $6,075 due in 50 years be worth today if the discount rate were 7.5%?
How much would $6,075 due in 50 years be worth today if the discount rate were 7.5%? $163.35.
An instance where a security is trading for less than its intrinsic worth or fundamental value is referred to as a discount in the world of finance and investing. A bond's price trading below its par value, also known as its face value, is known as a discount in fixed-income trading. The extent of the discount is determined by the difference between the price paid for a security and its par value. Bonds may trade at a discount for a variety of reasons, such as increasing interest rates, the underlying company's credit concerns, or riskiness when compared to comparable bonds. Distinguishing a discount from the discount rate, an interest rate used to determine the time worth of money, is important.
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If, in response to a decrease in the price of grapes, the quantity of grapes demanded increases, then economists would describe this as?
If, in response to a decrease in the price of grapes, the quantity of grapes demanded increases, then economists would describe this as increase in quantity demand.
A decrease in the cost of the good leads to an increase in the quantity demand (and vice versa). The quantity demand and any market price are represented by a demand curve. A shift along a demand curve is used to illustrate a change in quantity demanded. The elasticity of demand, which is correlated with the slope of the demand curve, is the ratio of the change in quantity required to a change in price.
A change in the exact quantity of a product that customers are willing and able to purchase is referred to as a shift in the quantity demanded. A change in pricing is what led to this shift in the quantity demanded.
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The beginning cash balance was $50,000. the company desires to have a $25,000 ending cash balance. the surplus (or shortage) of cash before considering any borrowings in april would be:_____.
The beginning cash balance was $50,000. the company desires to have a $25,000 ending cash
Cash stability is the amount of cash available. You get that through taking the preceding month's coins' stability and including this month's cash waft to it which means that subtracting if the cash.
Cash stability plans are a remarkable way to hold for retirement while lowering taxes. As a enterprise owner or self-employed man or woman, in case you are making a ramification of money and contributing the most allowed to a 401k ($fifty eight,000 +$6,500 if age 50+), this could be an exceptional choice to bear in mind.
Cash balance approach any coins accessible, coins in the bank or different bills, without problems marketable securities, and distinctive coins-equal liquid belongings of any nature. coins property approach any cash on deposit in, and Liquid Investments held in, the cash belongings Account. stability of $20,000 shortage.
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Recognizing revenue on account affects financial statements by increasing ______.
Recognizing revenue on account affects financial statements by increasing accounts receivable retained earnings revenue.
Higher costs and worse profit margins might arise from increasing revenue. If market share is steadily lost, cost cutting may lead to decreased sales and lower profit margins. Long-term higher pricing on sales and higher profit margins can be sustained by putting an emphasis on branding and quality.
The shareholders' equity portion of the balance sheet, which contains retained earnings, will rise as a result of this asset growth, which also has an equal and opposite effect on it. Thus, the impact of revenue on the balance sheet is represented by an increase in an asset account and a corresponding increase in an equity account.
On the general ledger, revenue accounts are boosted by credit because they always maintain a credit balance.
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What generally happens when a central bank unexpectedly decreases interest rates?
When a central bank unexpectedly decreases interest rates the currency weakens.
Why Do Interest Rates Exist?The interest that a lender charges a borrower is calculated as a percentage of the principal, or the loan amount.The annual percentage rate, or APR, is the usual unit used to express the interest rate on a loan (APR).Rates of interest may also apply to money earned via a savings account or certificate of deposit at a bank or credit union (CD).Interest on these deposit accounts is calculated as an annual percentage yield (APY).
Because borrowers may get loans at low rates while interest rates are low, economies are frequently spurred during these times. Because savings account interest rates are low, businesses and people are more likely to spend money and buy riskier investments like stocks.
This spending stimulates the economy and injects money into the capital markets, causing the economy to grow. Though lower interest rates are preferred by governments, they eventually cause market disequilibrium when demand outpaces supply, resulting in inflation. Interest rates rise in response to inflation, which might be related to Walras' law.
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What benefits do cordyceps fungi gain from interacting with ants and other insects hosts?
Cordyceps is a genus of ascomycete fungi that consists of approximately six hundred species. Most Cordyceps species are endoparasitoids, parasitic specifically on bugs and different arthropods; some are parasitic on different fungi.
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Korey is planning to open a comic book store. although there are two other comic book stores within 20 miles, he believes he will be able to outperform them with a greater selection of merchandise, gaming competitions, and artist and author signings. in korey's business plan, this information should be included in the _____ component. a. market analysis b. organizational plan c. executive summary d. implementation plan please select the best answer from the choices provided a b c d
Korey is planning to open a comic book store. although there are two other comic book stores within 20 miles, he believes he will be able to outperform them with a greater selection of merchandise, gaming competitions, and artist and author signings. in korey's business plan, this information should be included in the market analysis component.
What is a market analysis?An examination of the market looks at the dynamics and appeal of a certain market within a particular industry. It is a component of the analysis of the industry, which in turn affects the analysis of the global environment.
The advantages, disadvantages, opportunities, and risks facing a corporation can all be determined through these studies.
Therefore, the correct option is market analysis.
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The marketing strategy that emphasizes selling more of existing goods and services to existing customers is called?
The marketing strategy that emphasizes selling more of existing goods and services to existing customers is called market penetration. Market penetration measures how much a product or service is used by customers in relation to the total expected market for that product or service.
Market penetration can also be used to design strategies for increasing the market share of a specific product or service. A decent business product penetration rate is between 10% and 40%. Some brands calculate market penetration every quarter, while others do it after each advertising and marketing campaign. It can be accomplished in four ways, including increasing the market share of existing goods or services.
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all countries have what type of economy? question 8 options: a) command b) traditional c) mixed d) market
all countries have the type of mixed economies.
what is a mixed economy?mixed economy combines the features of both socialist and free-market financial systems. It is additionally known as a double system. Most countries nowadays have a blended financial system with the presence of both open services as well as private industries.
A mixed economy may be a framework that combines aspects of both capitalism and socialism. A blended economic system secures private property and allows a level of financial freedom within the use of capital, but also allows for governments to interfere in economic activities in arrange to attain social aims.
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When filling out a w-4 form, in what situation would a teen want to claim exemption from federal income taxes being withheld from their paycheck? what is the benefit of doing so?.
When filling out a w-4 form, in what situation would a teenager want to claim exemption from federal income taxes being withheld from their paycheck. the advantages of doing it are They would want to claim exemption from self-employment tax. (15.3% tax on earnings). The advantage of doing so would be to save that percentage of money.
Taxes are often defined as mandatory levies from the people for the state. Every penny of tax money paid by the people are going to be included in the post of state income from the tax sector. Its use is to finance central and native government spending for the welfare of the community.
Tax benefits for society
Taxes are wont to build infrastructure such as hospitals, roads, schools, and other public facilities Taxes are wont to subsidize fuel oil as well as food subsidies. Taxes are wont to provide public transportation services. Taxes are used for the implementation of democratic matters, like elections.
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Gaap requires certain disclosure (notes to financial statements) to give greater disclosure of the financial position. true or false?
Gaap mandates specific disclosures (notes to financial statements) to provide more financial position disclosure. The statement is true.
Why Use GAAP?
Generally Accepted Accounting Principles (GAAP or US GAAP) is a group of widely used standards and accounting regulations for financial reporting. the requirements of GAAP, the standard that the United States has embraced. Definitions of terms and ideas, as well as regulations relevant to particular industries, are provided by the Securities and Exchange Commission (SEC). The goal of GAAP is to guarantee that financial reporting is clear and consistent across all organizations.
GAAP is only a collection of guidelines. Despite the fact that its principles aim to increase the openness of financial statements, they do not ensure that a company's financial statements are devoid of inadvertent mistakes or omissions that are meant to deceive investors.
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cpas and enrolled agents both offer tax services including return preparation, while a(n) blank will represent you in the case of an irs lawsuit.
CPAs and enrolled agents both offer tax services including return preparation, while an Attorney will represent you in the case of an irs lawsuit.
What is CPA?A credentialed accounting practitioner may use the title "certified public accountant" (CPA). The Board of Accountancy for each state issues the CPA license. The American Institute of Certified Public Accountants (AICPA) offers informational materials about earning the license. The CPA designation aids in upholding professional norms in the accounting sector.
By demonstrating commitment, expertise, and talent, those who obtain the CPA certificate stand out. Accounting duties that CPAs perform include creating reports that accurately reflect the transactions of the businesses and people they work for.
For both people and businesses, they are also involved in tax reporting and filing. In order to minimize taxes and increase profitability, a CPA can assist individuals and businesses in making the right decisions.
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Because costing decisions are often made before costs are incurred, managers rely on ______
Because costing decisions are often made before costs are incurred, managers rely on Estimated costs.
An estimated cost is an approximate calculation of what it will cost to produce goods or complete a project in the future. Both fixed and variable costs for labor, supplies and capital are included.
By making it easier to understand long-term costs, feasibility, returns, and risk, calculating the estimated cost supports project management and capital planning. It serves as a crucial evaluation tool for software and project-based organizations before offering price quotes to customers in the construction industry.
Cost estimating enables you to accomplish your goals within the budgetary restrictions set by executives and stakeholders. When establishing a project's parameters, precise project cost estimating must come first because it is one of the characteristics of successful progress
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ers inc. maintains and repairs office equipment. ers had an average of 10,000 shares of common stock outstanding for the year. the following income statement account balances are available for ers at the end of 2019
The company ERS has a 6.63% net profit margin.
An income statement exactly what do you mean?One of the most prevalent and important financial statements you'll probably encounter is an income statement. Profit and loss (P&L) statements, sometimes referred to as income statements, present an overview of all revenue, gains, expenses, and losses for a certain period as well as their cumulative impact.
The information supplied by the income statement can be used by investors and management to assess the firm's health and identify opportunities for improvement. It displays the financial benefits and costs of each commercial function for the corporation.
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If nissan invests in a new plant to manufacture a new car model, it is an example of which corporate financial decision?.
If nissan invests in a new plant to manufacture a new car model, it is an example of Capital budgeting corporate financial decision. Capital budgeting is the process by which a company evaluates potential large projects or investments. Capital budgeting is required before a project is approved or denied.
Such as the construction of a new facility or a large investment in an outside enterprise. Capital budgeting primarily refers to the decision-making process associated to long-term project invests, such as the capital budgeting process undertaken by an organization to determine whether to continue with existing machinery or purchase new machinery in place of old machinery.
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which of these is a reason that a buyer will have high levels of power in transactions with a seller?
A buyer will have high level of power in transaction when the number of the buyer is low.
Who is buyer?
The buyer is the person that purchase the product from the seller.
In this question, we have to determine that when the buyer have high level of power is transactions with a seller. The buyer has high level of power when the number of the buyers of that product is low. In this case the buyer enjoys the degree of power because the low number of the buyer the seller just wants to sell his product at any cost also the buyer demand discounts from the seller.
Hence, the buyer enjoys high power when the number of buyers is low.
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klingon widgets, incorporated, purchased new cloaking machinery five years ago for $15 million. the machinery can be sold to the romulans today for $14.3 million. klingon’s current balance sheet shows net fixed assets of $12 million, current liabilities of $840,000, and net working capital of $223,000. if the current assets and current liabilities were liquidated today, the company would receive a total of $1.05 million cash.
If the current assets and current liabilities were liquidated today, the company would receive:
book value of assets 13,063,000
the fair value of net working capital plus fixed assets: 15,350,000
book value of assets:
with the working capital, we solve for current assets
working capital:
current assets - current liabilities
current assets - 840,000 = 223,000
current assets = 840,000 + 223,000 = 1,063,000
now, we add it to the book value of the fixed assets
1,063,000 + 12,000,000 = 13,063,000
the fair value of net working capital and fixed assets:
1,050,000 + 14,300,000 = 15,350,000
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instead of conducting laboratory experiments to generate data to test their theories, economists often
Instead of conducting laboratory experiments to generate data to test their theories, economists often gather data from historical episodes of economic change.
Who is an economist?The production and distribution of resources, goods, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns. A professional and practitioner in the social science field of economics is called an economist.
In many circumstances, conducting experiments to gather data is not realistically viable in the field of economics. Therefore, economists frequently gather information from previous economic events.
In conclusion, instead of conducting laboratory experiments to generate data to test their theories, economists often gather data from historical episodes of economic change.
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In a growing industry, _____ companies do even better.
a. good
b. marketing
c. start-up
d. small
In a growing industry, correct organizations do even better.
A growing increase is when your hair turns longer. An example of a boom is when a plant begins as a seed and then develops. An example of growth is when you do the motion of causing a plant to germinate after which increase. An example of the boom is when you take your cash and make investments it to make greater of it.
Growing is the outcome of the increase in protoplasm and this rise is not easy to a degree. the increase is measured by exclusive strategies which include the upward thrust in dry weight, the range of cells, extent, hike in fresh weight, or volume.
Growing is seldom random. alternatively, it takes place consistent with a plan that finally determines the scale and form of the character. the boom can be confined to special regions of the organism, which include the layers of cells that divide and increase in size close to the top of the plant shoot.
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consider a u.s.-based mnc parent, triloo inc., that owns subsidiaries in the france, mexico, and australia. suppose that the economy in france weakens, leading to a lower national income.
This higher national income in France will most likely increase the demand for Triloo products, leading to higher expected cash flows denoted in euros and an increase in the value of Triloo Inc. This example is best classified as a case of exposure to international economic conditions.
This publicity results from the possibility of forex profits or losses whilst settlement takes vicinity at a destiny date of foreign money-ruled contracts. economic publicity is a chance for multinational companies which have several subsidiaries in foreign places and plenty of transactions related to foreign currencies.
Transaction publicity is the extent of uncertainty corporations are worried about the worldwide alternate face. particularly, it's miles the hazard that forex charges will fluctuate after a firm has already undertaken an economic duty. although financial exposure is a big difficulty for multinational companies due to the advent of globalization.
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A person seeking to understand and manage people at work is likely to study , which is an interdisciplinary field?
A person who seeks to understand and manage people at work is likely to study organizational behavior.
What is organizational behavior?It corresponds to studies that seek to identify the actions of individuals in the organizational environment, that is, through a systematization of diverse knowledge, organizational behavior will help in the management of individuals more effectively.
Some tools for analyzing organizational behavior are personality tests and performance assessments, and the Human Resources department is responsible for implementing training and development programs to align employees with the company's expectations.
The four integrating forces of organizational behavior are:
PeopleStructureTechnologyEnvironmentIt is essential that leaders seek to systematize such forces that integrate organizational behavior, in order to motivate their team to develop communication, cooperation and creativity skills, through participatory leadership, with the leader being the central instrument in the creation of a positive organizational culture.
Therefore, studies related to organizational behavior will help to understand how workers feel motivated, giving managers greater knowledge about leadership, helping in organizational development, innovation and productivity.
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What is responsibility accounting? why should noncontrollable costs be excluded from perfor-mance reports prepared in accordance with responsibility accounting?
Assigning responsibility is done through a system of control called responsibility accounting. Non-controllable costs are excluded from performance reports prepared in accordance with responsibility accounting because costs and revenues are connected with individuals for improved control and performance appraisal.
Responsibility accounting is a type of management accounting that oversees all of a company's internal accounting, budgeting, and management. Supporting all of a company's planning, costing, and responsibility centers is the main goal of this accounting.
Responsibility accounting serves as a tool for decision-making as well as a means of control. The data gathered by this technology aids management in organizing its upcoming operations. Setting future goals for distinct cost centers is also aided by their historical performance.
Since costs and revenues are linked to specific people for better management and performance evaluation, non-controllable costs are removed from performance reports created in accordance with responsibility accounting.
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If the demand for cucumbers falls when the price of tomatoes rises, then we know that tomatoes and cucumbers are?
Tomatoes and cucumbers are complement goods.
What are complement goods?
Complement goods are goods that are consumed together or used together in the production process. The two goods complement each other in the production process.
If the price of one pair of the complement good increases, the quantity demanded of that good decreases. Because less of that good is being consumed, less of the other complement good would be needed. Thus, the demand for the other good would decline.
Thus, there is a negative relationship between the price of the complement good and the demand for the other complement good.
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time studies are recommended to determine the time needed for procedures. the operative time required to complete procedures is the determining factor.
The statement that "Time studies are recommended to determine the time needed for procedures" is True. The statement that "The operative time required to complete procedures is the determining factor" is False.
Time studies are maximum appropriate for tactics related to sequences of repetitive moves that recur in a cycle. While a procedure can be divided into multiple discrete tasks, time studies are a useful way of measuring how a whole lot of time employees spend on every part of a process.
A time and motion study is an enterprise performance technique combining the Time study paintings of Frederick Winslow Taylor with the movement have a look at the work of Frank and Lillian Gilbreth. It's miles a first-rate part of medical management.
A have a look at of every one of the steps in an operation or manner and the time eaten up by means of them, for the motive of devising methods of growing performance or productiveness of employees. A time study can establish a baseline from which to drive improvement efforts or set a widespread to govern performance. Without simple time study measures, it's far impossible to recognize whether work has improved or whether or not there are differences in performance in a unit.
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after the raptors won the nba championships, consumers bought 8,000 pairs of running shoes and 30,000 pairs of basketball shoes. would this be possible for the firm to produce with their current production capabilities?
No, Since the raptors won the NBA championships, due to the fact that consumers bought 8,000 pairs of running shoes, it would not also be possible for the firm to make with their current production capabilities.
What is production capability?Production is known to be the ability to be able to make something while production capability is seen as man's ability to keep the standard or the level of production.
When you look at the case above, 8000 running shoes were bought out of 30,000 pairs of basketball shoes. This is not a good sign for a producer since about 28 thousand is still left and one cannot produce more in this case.
Hence, Since the raptors won the NBA championships, due to the fact that consumers bought 8,000 pairs of running shoes, it would not also be possible for the firm to make with their current production capabilities.
Therefore, the response is No.
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after the raptors won the nba championships, consumers bought 8,000 pairs of running shoes and 30,000 pairs of basketball shoes. would this be possible for the firm to produce with their current production capabilities?
Yes
No