The cost of quality involves the cost of all the four warranties. rework. scrap and supplies.
The costs of quality of a firm is usually categorized into four types, which includes prevention costs, appraisal costs, internal failure costs, and external failure costs.
The rework costs and scrap costs are involved in the internal failure costs as they are given birth due to internal operations failure.
On the other hand, warranties costs are involved under external failure costs.
Inspection costs are covered under the appraisal costs.
Cost of quality (COQ) is defined as the methodology which allows the organization to determine to which extent resources of the organization are used for activities that prevent poor quality.
It appraises the quality of the organization’s products or services, and which resulted from internal and external failures.
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A(n) ________ change involves introducing a practice that is new to the industry, such as using drones (rather than delivery trucks) to deliver products to customers.
A radically innovative change involves introducing a practice that is new to the industry, such as using drones (rather than delivery trucks) to deliver products to customers.
What is meant by innovation?This is the term that is used to refer to the fact that there is the growth in new ideas in a nation. It is one of the must have qualities of an entrepreneur. Innovation is known to drive change in the nation towards a ore positive goal.
The innovative change would help to bring in a product that is not in the market which would be useful in meeting and solving the problems that are existent in a particular society.
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Using the payback period rule will bias toward accepting which type of investment?
Using payback period rule will tend to be bias toward shorter-term investments.
What is the payback period rule?
Payback is a capital budgeting method that determines the amount of time it takes to recover the amount invested in a project from it cumulative cash flows.
Payback period = Amount invested / cash flow
For example, $100,000 can be invested in either project A or B. Project A will yield a cash flow of 50,000 each year over the next 5 years and project B will yield a cash flow of 20,000 over the next 10 years.
The payback period of project A = 100,000 / 50,000 = 2 years
The payback period of project B = 100,000 / 20,000 = 5 years
The investor would pick project A because of its shorter payback period.
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Visitors can go directly to the advertised website by cliicking an ad in a process called?
Visitors can go directly to the advertised website by clicking an ad in a process called click-through.
Click-through is an the act performed by a visitor by clicking on an advertisement or other link to go to another website. Often a user while browsing on the net, in order to know more about a particular topic click-through a particular website link.
The click-through is often the most immediate response to an advertisement, it is not the only interaction. Visitors may choose to type a company’s URL directly into the browser bar, or type the company’s name into a search engine box.
Hence, this process is called click-through.
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Systems analysis and design is a six-phase problem-solving procedure for examining and improving an information?
Systems analysis and design is a six-phase problem-solving procedure for examining and improving information in System.
System analysis is the technique by which a character (s) research a device such that a facts device can be analyzed, modeled, and a logical opportunity can be chosen. systems analysis initiatives are initiated for three reasons: problems, opportunities, and directives.
systems analysis is "the technique of analyzing a system or commercial enterprise to pick out its goal and purposes and create systems and approaches so that it will correctly acquire them".
The definition of a System analysis is a technique of figuring out the fundamental elements of a venture and determining how to combine them in a nice way to clear up the trouble. An instance of structure evaluation is deciding the fine way to dry clothes without a garments dryer which includes by using placing them on a line inside the sun.
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A ________ pays out cash flows from a collection of assets in different tranches, with the highest.
A collateralized debt obligation (CDO) pays out cash flows from a collection of assets in different tranches, with the highest.
Structured asset-backed security (CDO) is a type of collateralized debt obligation (CDO). CDOs were initially designed as corporate debt market instruments, but from 2002 they were used to refinance mortgage-backed securities. A CDO can be viewed as a promise to pay investors in a specified order based on the cash flow it receives from the pool of bonds or other assets it holds, similar to other private label securities backed by assets.
In contrast, the probability of default (PD) for CDOs is often calculated using bond or asset ratings. A pool of loans and other assets serves as the collateral for the intricately designed financial product known as a collateralized debt obligation.
If the loan defaults, the underlying assets act as collateral. CDOs are a practical tool for transferring risk and freeing up resources while being risky and not suitable for all investors.
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Briefly discuss the main bases of compensation, including hourly, piecework, salaried, and exempt vs. nonexempt.
Salaried: Those who are salaried are paid the same amount each week regardless of how many hours they put in. As mentioned previously, exempt workers must be compensated on a salary basis. Employees who are not excluded from pay may get salaries for a set amount of hours or according to the variable workweek technique. Despite being paid a salary, nonexempt workers are nonetheless entitled to overtime pay under federal and state regulations.
Hourly: A person paid on an hourly basis for services rendered. These people are typically considered nonexempt and are governed by the FLSA's overtime rules due to the way they are paid. Those exempt under the professional exemption, such as teachers, lawyers, and computer experts, may also be compensated on an hourly basis.
Exempt: The FLSA's prohibition on overtime pay does not apply to anyone who meets the requirements to be an executive, professional, administrative, or outside sales employee. Additionally, some computer professionals might not be eligible. Except for a few circumstances, exempt employees need to be paid a wage.
Nonexempt: workers must be paid overtime for any hours beyond 40 in a workweek if they are not exempt from the FLSA's overtime rules (as well as any state overtime provisions). Non-exempt workers may receive a salary, pay on an hourly basis, or any other form of compensation.
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Cindy's car wash has average variable costs of $2 and average fixed costs of $3 when it produces 100 units of output (car washes). the firm's total cost is:_______
a. $300.
b. $500.
c. $100.
d. $200
The correct option is b. the firm's total cost $500.
Total cost:
Total fixed costs are the total of all recurring, fixed costs that a business incurs.
The variable and fixed expenses of providing commodities are combined to create a total using the total cost formula. The equation is:
Total cost = (Average fixed cost x average variable cost) × Number of units produced.
Cindy's Car Wash has average variable costs of $[tex]2[/tex] and average fixed costs of [tex]$3[/tex] when it produces [tex]100[/tex] units of output (car washes).
The firm's total cost is
AFC = $[tex]3[/tex], AVC = $[tex]2[/tex]
Average total cost = AFC + AVC = $[tex]5[/tex]
It produces [tex]100[/tex] units
$[tex]5[/tex] × [tex]100[/tex]= $[tex]500[/tex]
Therefore, option b is the answer $[tex]500[/tex].
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Goldie+and+kurt+are+looking+at+purchasing+their+first+home.+their+credit+history+is+a+little+shaky+and+they+donât+have+enough+money+saved+to+put+down+20%.+what+type+of+loan+seems+most+appropriate?
Goldie and Kurt are looking at purchasing their first home. Their credit history is a little shaky and they don't have enough money saved to put down 20%. FHA loan seems most appropriate.
For those applicants who have trouble getting loans from private lenders, there are FHA loans available.
A house mortgage that is guaranteed by the government and provided by a bank or other lender that has been approved by the Federal Housing Administration (FHA) is known as an FHA loan.
Because FHA borrowers are typically riskier, they must pay higher interest rates as well as PMI.
Banks are more likely to lend money to homeowners with less in the way of down payment money and relatively low credit ratings since they are insured.
For first-time homebuyers, an FHA loan can be the most cost-effective mortgage alternative.
Savings, a monetary gift from a relative, or a grant for down payment help are all acceptable sources of the down payment for FHA loans.
Hence, FHA loans seem most appropriate.
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The extent to which customers recognize and are willing to accept variation in service performance is called the ____________:
The extent to which customers recognize and are willing to accept variation in service performance is called the zone of tolerance.
The zone‐of‐tolerance (ZOT) is an innovative concept which has attracted recent attention in the services marketing domain.
The zone of tolerance represents a wide range of service performance that a customer considers satisfactory which recognizes multiple expectation standards especially adequate and desired expectations.
Exploratory as well as the confirmatory factor analyses were used to assess measurement properties and the regression analysis was used to test the hypotheses regarding the Zone of tolerance.
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Ngu owns equipment that cost $95,300 with accumulated depreciation of $65,200. Ngu asks $35,450 for the equipment but sells the equipment for $33,300. Compute the amount of gain or loss on the sale.
The amount of Gain on the sale is 3200.
First, subtract the equipment cost with accumulated depreciation which will give Book Value then subtract the Book value with the amount at which the equipment is sold if the selling price is more than book value then Gain on sale, if the selling price is less than Book value than Loss on sale.
Machine cost (95300)Less:Depreciation (65200)Book Value (30100)Selling price (33300)Gain on Sale (3200)Depreciation includes the amortization of assets whose useful life is predetermined. Depreciation is allocated to be able to rate a fair proportion of the depreciable amount in every accounting duration during the anticipated useful existence of the asset.
A gain on the sale of assets arises when an asset is sold for greater than its carrying amount. The carrying amount is the purchase fee of the asset, minus any subsequent depreciation and impairment prices. The benefit is assessed as a non-operating object on the income assertion of the selling entity.
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The economic indicator that reflects activity of u. s. entities without regard to where the activity takes place is?
The economic indicator that reflects the activity of the U.S. entitled without regard to where the activity takes place is GNP.
Gross national product (GNP) is an estimate of the total cost of all the final products and services grown to become out in a given duration via the way of production owned by a country's citizens.
Indicators of financial pastime financial signs consist of measures of macroeconomic performance (gross domestic product [GDP], intake, funding, and international alternate) and stability (central authorities' budgets, expenses, the cash supply, and the balance of payments).
Gross Domestic Product is essential as it offers records about the scale of the economy and the way an economy is performing. The increased price of actual GDP is often used as an indicator of the overall health of the economic system. In wide terms, growth in real GDP is interpreted as a sign that the economy is doing properly.
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When using cooperative strategies, firms most frequently develop strategic alliances that:_____.
When using cooperative strategies, firms most frequently develop strategic alliances that create a competitive advantage.
What exactly are cooperative tactics?
A cooperative strategy is a type of planning in which two or more businesses collaborate to accomplish a single goal. Numerous businesses use collaborative tactics to boost their revenues by working with non-competitive companies. Companies that lack competitiveness, expertise, or resources especially benefit from a cooperative strategy. This tactic allows the business the chance to make up for its lack of competitiveness.
Additionally, a cooperative strategy gives businesses the chance to learn through collaboration and access to a wider and newer market. Companies who wish to open their markets and have a liberalist view of negotiating through cooperation have recently used a cooperative strategy.
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A financial report that summarizes the amounts and types of costs that were incurred in the manufacturing process during the period is a?
A financial report that summarizes the amounts and types of costs that were incurred in the manufacturing process during the period is a manufacturing statement.
A manufacturing statement refers to a summary of all of the manufacturing activities and costs. It is also called the schedule of manufacturing activities. During the manufacturing process, manufacturers perform many activities and incur many different costs.
A manufacturing statement is a financial report which summarizes the amounts and types of costs. Thus, in order to calculate the overall cost of manufacturing, and to track each activity and expense, a manufacturing statement is used.
Hence, a manufacturing statement is very useful in an organization.
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The minimum possible short-run average costs are equal to long-run average costs when_______.
The minimum possible short-run average costs are equal to long-run average costs when the long-run curve is a minimum point.
In the short run, costs ultimately depend upon the firm's level of output, the fees of factors, and the portions of things wished for every degree of output. The leader distinction between long- and brief-run prices is there aren't any constant factors ultimately.
The cost of producing any output inside the short run is extra than the long-run cost as the firm is confined in the short run and no longer in the long run. The graph indicates the quick-run general price curve and long-run general fee curve.
Short-run average cost equals average constant prices plus common variable fees. Common constant fee continuously falls as manufacturing will increase in the quick run, because ok is constant in the brief run.
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If the exchange rate rises, then the quantity of dollars demanded ________ because with the higher u. S. Exchange rate, u. S. Exports ________.
If the exchange rate rises, then the quantity of dollars demanded decrease. because with the higher U.S. Exchange rate, U.S. Exports decrease.
What is the Exchange rate?The rate at which one currency will be exchanged for another is known as the exchange rate in the world of finance. Most often, currencies are national ones, but they can also be supra-national ones like the euro or sub-national ones like Hong Kong.The value of one country's currency in respect to another currency is also thought of as the exchange rate.An interbank exchange rate of 114 Japanese yen to the US dollar, for instance, indicates that 114 will be converted into $1 or that $1 will be converted into 114. In this instance, it is said that the cost of a dollar in terms of the yen is 114, or, translated into dollars, that the cost of a yen in terms of the yen is $1/114.What is an export?When it comes to international trade, export is a good made in one nation and sold in another, or a service rendered in one nation to a national or resident of another nation. The person who provides these goods or services is an exporter; the overseas customer is an importer. Financial, accounting, and other professional services, tourism, education, and intellectual property rights are all examples of services that are involved in international trade.Learn more about the Exchange rate here:
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Of the various factors in an operating margin, which one is the most difficult to change?
Of the various factors in an operating margin,fixed cost is one of the most difficult to change.
There are other sorts of profit margins (such as gross versus net), but this discussion concentrates on net profit margin because net earnings are more influenced by a variety of circumstances.
For example, if you are a retailer, your branding and marketing strategy will indirectly effect your profit margin through revenues. Nearly every facet of your business's operations, from management to floor sales strategies, has some bearing on your profit margin.
Simply dividing net profit (or net income—the bottom line in the income statement) by sales yields net profit margin, which is the ratio of net income to revenues (or revenue).
This is a quick approach to figure out what portion of the sale price your business keeps after deducting the costs associated with the transaction.
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How will a firm know if it has grown too large, that is, when it has exceeded its minimum efficient scale of production?
Its long-run average costs begin to increase.
Average Cost is the manufacturing cost determined by dividing Total Cost (TC) by Total Output (TO) (Q). When we refer to the production cost per unit, we indicate that both fixed and variable costs are taken into account when determining the average cost. It is also known as Per Unit Total Cost as a result.
The term "average cost" refers to the production cost per unit, which is determined by dividing the overall production cost by the overall number of units produced. In other words, it calculates how much money is required for each unit of production produced by the company.
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A company's balance sheet shows: cash $38,000, accounts receivable $24,000, office equipment $58,000, and accounts payable $25,000. What is the amount of owner's equity?
The amount of owner's equity is $95,000.
Owner's equity = Total assets - Liabilities
= $38,000+ $24,000 + $58,000 - $25,000
= $95,000
At the end of an accounting period, owner's equity is recorded in the balance sheet. It is calculated as the difference between total assets and total liabilities. The closing equity balance is carried forward and used as the first balance of the next year.
Owner's equity is shown as a net amount on the balance sheet because, in addition to contributing capital to the business, owners can withdraw some funds. The balance sheet's left side displays the assets, and the right side displays the liabilities and owners' equity.
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Explain how to develop professionalism
What are Learning Styles? Explain why Learning Styles are important.
How has society been changed by technology?
The ways to develop professionalism include:
Be productive. Develop a professional image. Take the initiative. Maintain effective work habits. Manage your time efficiently. Demonstrate integrity.Provide excellence. Be a problem-solver.What are Learning Styles?It should be noted that learning styles are the range of theories that aim to account for differences in individuals' learning.
In this case, many theories share the proposition that humans can be classified according to their learning style.
Learning styles are important as understanding learning styles can make it easier to create, modify, and develop more efficient curriculum and educational programs.
This can also encourage students' participation in these programs and motivate them to gain professional knowledge
The society has been changed by technology as it has made it easier to farm, more feasible to build cities, more convenient to travel, etc. It also makes it easier for economies to grow and for companies to do business.
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Eileen is a risk neutral consultant, doing work for acme, inc. The company offers her a choice of two compensation plans. Under plan a she receives $25,000 today. Under plan b she receives $10,000 today, $10,000 one year from today, and 10,000 two years from today. She will be indifferent between these plans if her rate of time discount equals ________ percent. If her rate of time discount is less than this amount she will opt for plan ______.
She will be indifferent between these plans if her rate of time discount is equals 21 percent. If her rate of time discount is less than this amount she will opt for a plan B.
What is discount rate?The bank rate, sometimes known as the discount rate in American English, is the interest rate charged by a central bank on its loans and advances to commercial banks.
In a discounted cash flow (DCF) analysis, the discount rate is the interest rate used to calculate the present value of future cash flows. This helps establish whether the future cash flows from a project or investment will be worth more than the initial capital outlay required to support the project or investment.
The discount rate is an essential measure of an economy's credit situation.
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Industrialized former colonial states that dominate the world economic system are?
Kyle invested $15,000 in a savings account. if the annual interest rate is 5%, how much will be in the account in 10 years for quarterly compounding? round your answer to two decimal places.
Answer: identify the values of each variable in the formulas. Remember to express the percent as a decimal.
Explanation:
The long-run economic level of output, according to the vertical, long-run aggregate supply curve, depends on?
The long-run economic level of output, according to the vertical, long-run aggregate supply curve, depends on the economy's labor, capital, and technology, but not on the overall level of prices.
The level of production produced by enterprises and the price level over the long term are related by the long-run aggregate supply (LRAS) curve.
The long-run aggregate supply curve in Panel, "Natural Employment and Long-Run Aggregate Supply," is a vertical line at the economy's potential production level.
The one real wage at which employment stabilizes is that wage. Only a real wage of e generates natural employment Le in Panel, "Natural Employment and Long-Run Aggregate Supply."
However, any of an indefinitely large number of nominal salary and price-level combinations might be used in the economy to reach this actual wage.
Assume, for instance, that the equilibrium real wage is 1.5, or the ratio of wages to the level of prices.
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What is the impact when the government increases government spending to the price level, output, unemployment, and inflation in the short run?
Answer:
inflation and output will both rise.
Explanation:
Regarding a production possibilities curve, a shift to the right—away from the origin—illustrates?
A production possibilities curve, a shift to the right away from the origin illustrates economic growth. Group of answer choices opportunity cost scarcity of a good economic downturn economic growth.
Given the scarcity of resources, we have our limits, as the curve shows. If the economy grows and all else remains constant, more can be produced, shifting the production possibilities curve outwards or to the right.
A production possibility curve (PPC) is a model used to show the trade-offs in allocating resources between the production of two commodities. PPC can be used to explain the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contraction.
An outward or inward shift in the PPF can be caused by changes in the total amount of available production factors or technological advances. as the total amount of production factors such as labor and capital increases, the economy can produce more goods at any point along its borders.
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What should designers gain from a critique that will enable them to improve their work?
A designer gains a list of actionable items to improve the design from the critique.
As we know that critique in a positive manner blows up positivity. Through that, the designers improve their designs according to the fashion and the requirement of consumers. Consumers most probably like to induce new fashion in accordance with the time. During the critique, actionable products are used to improve the product and improve their work.
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Why is it critical that paralegals know their jurisdiction’s solicitation rules?
Courts have several rules that they apply in determining the admissibility of evidence in judicial proceedings, including ethical values such as honesty.
There are basically only three exceptions to such contact. (2) direct contact with persons with whom the attorney has an established personal relationship;
"Solicitation" or "solicitation" means a communication initiated by or on behalf of an attorney or law firm and directed to a specific individual known to or reasonably directed to the attorney.
In order to commit a crime, you must know that you are in need of legal services in a particular matter and that you provide or can reasonably be understood to provide legal services. In general, soliciting is often associated with prostitution, the crime of soliciting someone to have sex for money.
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A major difference between ifrs and gaap relates to the revaluation surplus account. retained earnings account. share premium account. share capital account
A major difference between IFRS and GAAP relates to the A Revaluation Surplus Account.
A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.
This reserve is only used when the organization prepares its financial statements in accordance with International Financial Reporting Standards. No revaluation reserve is allowed for companies using generally accepted accounting principles.
A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.
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Nor shall ________ property be taken for public use, without just compensation.
Answer:
Nor shall Private property be taken for public use, without just compensation.
Its literally the 5th amendment to the United States Constitution.
Describe the ways in that general and functional managers are different from end users. what purpose do these managers have in regards to information systems at an organization?
General and functional managers are different from end users. what purpose do these managers have in regards to information systems at an organization
General management focuses on the entire business as a whole a top-down organizational view. A functional manager is a person who has management authority over an organizational unit such as a department within a business, company, or other organization.
General management and functional management have many similarities; the primary difference is that a functional manager focuses on one facet of an organization, while the general manager must keep everything in view.
Functional managers are most common in larger organizations with many moving parts, where different business functions are led by managers within those respective fields.
Management is the act or art of managing things.
Department is typically understood as a part of a larger organization.
Organization refers to a collection of people, who are involved in pursuing defined objectives.
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