In a lean environment, the journal entry to record conversion costs would include a debit to the work-in-process inventory account and credit to the manufacturing overhead account. This statement is false.
What is a Lean Environment?A lean environment is one in which the primary goal is to maximize the value delivered to the consumer by reducing waste and minimizing the time and effort required to produce goods and services.
The primary goal is to streamline the process and eliminate any non-value-added processes. Lean is a manufacturing paradigm that emphasizes minimizing inventory and cutting waste in all processes.
To achieve this, a company must adopt a specific approach to inventory accounting that reduces the recording of the work-in-process inventory account and instead emphasizes the finished goods inventory account. This approach is known as Just-In-Time inventory management. Conversion costs are the expenses involved in the transformation of raw materials into finished goods.
The work-in-process inventory account is debited for the cost of direct labor, direct material, and overhead expenses that are included in the work-in-process inventory.
To know more on inventory visit:
https://brainly.com/question/31146932
#SPJ11
Essay questions describe marketing tactics that the credit industry uses to trick people into getting into debt.
a. True
b. False
to calculate your monthly lease payment on a three-year lease using the "residual value" of a $26,500 MSRP car, subtract the 48% residual value from the MSRP and divide the result by the number of agreed upon months. What is the approximate monthly payment on a three-year lease agreement?
Answer:
The approximate monthly payment is $383
Explanation:
Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.
Firstly, we start off by subtracting 48% residual value from the MSRP
48% of 26,500 = 48/100 * 26,500 = $12,720
We subtract this from $26,500
That will be $26,500 - $12,720 = $13,780
We have 3 years and that is 36 months
So the approximate monthly payment will be;
$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit
a person has $3000 to deposit in a financial institution. assuming all options were offered by the same institution, which account is likely to have the lowest interest rate or pay no interest at all? savings account checking account money market account three-year certificate of deposit. A.certificate of deposit
B.checking account
C.money market account
D.savings account
The checking account will likely have the lowest interest rate of all the accounts. Hence, Option B is the right response.
Checking accounts are a sort of bank account that makes it simple to deposit and withdraw money. Cheques can be used to deposit money, while debit cards or direct deposits can be used to withdraw money quickly. Most of these accounts are bank accounts that are liquid.
The money is readily available. Moreover, withdrawals and deposits are both unrestricted, although there is a daily transaction cap. These kinds of accounts are typically used to temporarily store money in a secure location so that it may later be quickly accessed when needed.
Checking accounts shouldn't be utilized as long-term investments because they often offer lower interest rates than savings, money markets, or certificates of deposit.
To know more about Checking Accounts visit:
brainly.com/question/20984186
#SPJ4
Jenner works for a mountain bike manufacturing company. His company is being sued by hundreds of customers who have been injured when the front wheel of the Columbia 4X model becomes loose and makes the bike difficult to control. The customers are demanding monetary damages. This lawsuit is based on
The law suit that The customers are going to give here is based on the product liability.
What is a product liability?This is a suit that is made against a company due to the fact that they allowed a defective good to be bought by a consumer.
The company is being sued due to the fact that the customers are injured fron the defective bicycle.
Read more on product liability here: https://brainly.com/question/25754997
3. A fine-dining restaurant has been making every- thing from scratch for the five years it has been open; it is the only operation in the area known for scratch- cooking. The management hires a new chef who does a make–buy analysis only to discover that she can get much better pricing on many of her products if she buys them premade. After a tasting comparison, she discovers that the premade products are of high quality and taste only slightly different from her own. Should she switch to the premade products? Would your answer be different if this decision took place when the restaurant first opened?
Answer:
No
Explanation:
The premade products could have been contaminated with any type of disease because she doesn't know what went inside whereas making it from scratch means she is able to monitor and remove and contaminated product.
:)
What does it mean when you say scrum separates what from thed how
Scrum separated from thed how means that the team decides what they will inject and is best fitted into the story and the product owner decides how the process will be carry out.
What is scrum?Scrum is a structure put in place to help teams work together effectively. Scrum encourages teams involved to learn from their experiences, reorganize themselves while working on a problem, and this enable them to reflect more on their wins and losses so that they can continue to improve.
Therefore, Scrum separated from thed how means that the team decides what they will inject and is best fitted into the story and the product owner decides how the process will be carry out.
Learn more about Scrum below.
https://brainly.com/question/26701667
If a manager is called upon to hire a new vendor and negotiate the best services for the best price, which type of role is required?
Answer:
decision making role
Explanation:
Management roles vary depending on which type of manager we are talking about: upper, middle or lower management. Management roles include:
Leadership and Interpersonal RolesInformational RolesDecision Making Roles: are themselves divided into 4 categories (entrepreneur, disturbance handler, resource allocator, negotiator). In this case, the manager is allocating resources since labor is a resource.No real question. But anyone know this answer, If your are a doctor, DO ANY of you know how to bring a frozen person back to life. I looked it up and it said a human that is frozen can be brought back to life, I just want to double-check
Answer:
prob melt them with fire but you gotta be careful because you can burn then if not i guess just use potions or something?
Explanation:
If people are finite-lived, Ricardian equivalence can fail because lifetime wealth will change for those currently alive. people cannot predict the future. this implies taxes must be distorting. there is intragenerational redistribution.
True. Ricardian equivalence can fail due to finite lifespans, uncertainty about the future, distorting taxes, and intragenerational redistribution.
Ricardian equivalence is an economic theory that suggests that changes in government borrowing and debt levels have no effect on consumer behavior. However, it can fail in certain circumstances. Finite lifespans mean that individuals cannot predict the future accurately, leading to changes in lifetime wealth for those currently alive.
Uncertainty about the future undermines the assumption that individuals will save or adjust their consumption based on expected future taxes. Distorting taxes, such as progressive income tax, can create intertemporal and intragenerational redistribution, influencing individual consumption decisions.
These factors challenge the validity of Ricardian equivalence and suggest that taxation policies can have real effects on consumer behavior and resource allocation.
Learn more about Income tax here: brainly.com/question/15058781
#SPJ11
Draw a planned aggregate expenditure curve for an economy where autonomous expenditure is $500 billion and the marginal propensity to consume is equal to 0.75. plot values for actual aggregate expenditure of $0, $200 billion, $400 billion, $600 billion, $800 billion, and $1,000 billion.
Y (in $ billions) are 0, 100, 200, 300, 400, 500 and AE (in $ bilions)= 500+0.75Y, 500, 575, 650, 725, 800, 875. By plotting this we get the aggregate expenditure line.
We start with a very simplistic model in which there is neither a government sector nor a foreign sector to demonstrate how the aggregate expenditures model functions. The results from this simplified model are then used to create a more realistic model. The simplified economy's equations are simpler to deal with, and we can easily extrapolate the findings of an analysis of a simplified economy to a more realistic one. We make the assumption that there are only two parts to aggregate expenditures: consumption and investment, in order to create a straightforward model. Real gross domestic product and real gross domestic income are interchangeable terms, as we discovered in the chapter on measuring total production and income. Without a government or international industry, gross.
Learn more about aggregate expenditures here:
https://brainly.com/question/6830586
#SPJ4
when shares of stock that were issued to the public are later bought and sold among investors on the stock exchange, the issuing corporation _____.
When shares of stock that were issued to the public are later bought and sold among investors on the stock exchange,the issuing corporation has offered initial public offering.
An initial public offering (IPO) is when a firm issues common stock or shares to the general public for the first time. They may be issued by large privately held corporations looking to go public as well as smaller, more agile, and younger businesses seeking funding for expansion.
As an illustration of a securities offered on a main market, think about an initial public offering, also referred to as an IPO. A private company selling its stock is known as an initial public offering, or IPO.
To know more about initial public offering please check the following link
https://brainly.com/question/28042460
#SPJ4
The activities of people traveling to and staying in places outside their usual environments for not more than one consecutive year for leisure, business, and other purposes is called _____.
transportation
travel
tourism
hospitality
Answer:
Tourism is the right answer
An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
Read more about business at:
https://brainly.com/question/26106218
#SPJ1
Complete question:
State An innovative business idea that no one has never had
The ability to understand and value a wide variety of people, including persons of both sexes and different ages, races, income groups, and nationalities, is a an example of a _____ skill
A. Conceptual
B. Functional
C. Human Relations
D. Technical
Answer: Human relations C
Explanation:
The ability to understand and value a wide variety of people, including persons of both sexes and different ages, races, income groups, and nationalities, is an example of a Human Relations skill. Thus option C is correct.
What is a Human Relations skill?Human relations abilities are the ability to relate to others in a positive way so that you can productively participate and accomplish shared objectives. It supports establishing and preserving healthy and balanced interactions at work.
The development and maintenance of great workplace culture, employee retention, and productivity stimulation all depend on good human relations.
The success of a firm is influenced by how well its employees get along with one another, and human relations skills are useful in managing and directing these interactions.
These skills have the capacity to appreciate and comprehend a diverse range of people, including those of both sexes and from a variety of age groups, races, socioeconomic classes, and cultures.
Therefore, option C is appropriate.
Learn more about Human Relations skills, here:
https://brainly.com/question/1657284
#SPJ5
there are several types of accounts that impact equity. which of the accounts below cause equity to increase?.
Common Stock as well as Income. Equity is the outcome of common stock less dividends plus revenue minus costs; as a consequence, if the business's common shares and revenues rise, so will its equity.
What does a business's revenue mean?Revenue is the overall profit an organization makes through its primary activities, such as the sale of goods or services, the rental of real estate, regular payments, the interest on loans, etc.
Is revenue net or gross?Because it appears just at top of the statement, revenue, which is known as sales revenue, is sometimes referred as the "top line." A company's overall profits or profit are referred to as income, or net income. Investors and analysts refer to a company's net income, which is the company's profit, when they talk about a company's income.
To know more about revenue visit:
https://brainly.com/question/29567732
#SPJ1
The complete question is:
There are several types of accounts that impact equity. which of the accounts below cause equity to increase?
A. Revenues and assets
B. Common stocks and expenses
C. Dividends and assets
D. Common Stock and Revenues
true or false? the behavior of senior leadership is not as important as the behavior of midlevel managers, because most employees will not interact with senior leaders.
False. The behavior of senior leadership is just as important, if not more important, than the behavior of midlevel managers.
While it is true that most employees may not directly interact with senior leaders on a daily basis, their behavior sets the tone and culture for the entire organization. Senior leaders have the power to make decisions that impact the entire company, including its employees and customers. If they exhibit negative or unethical behavior, it can have a trickle-down effect and affect the behavior and attitudes of midlevel managers and employees as well.
On the other hand, when senior leaders model positive and ethical behavior, it can inspire and motivate midlevel managers and employees to do the same. Senior leaders also have the responsibility to communicate the company's values and vision to all employees, which sets the foundation for the company culture.
In addition, senior leaders are often the face of the company and represent it in the public eye. Their behavior can directly impact the company's reputation and brand image, which can have long-lasting effects on the company's success. In summary, the behavior of senior leadership is crucial in setting the tone and culture of the entire organization, and it is just as important as the behavior of midlevel managers.
For more such question on senior leadership
https://brainly.com/question/27128843
#SPJ11
TRUE/FALSE. changes in net working capital should not be reflected in a capital budgeting cash flow analysis because capital budgeting relates to fixed assets, not working capital
Changes in net working capital should not be reflected in a capital budgeting cash flow analysis because capital budgeting relates to fixed assets, not working capital, this statement is FALSE. Changes in net operating working capital should be considered in cash flows analysis.
Depending on its sign, the Change in Working Capital may be positive or negative and will either boost or decrease the company's Cash Flow (as well as Unlevered Free Cash Flow, Free Cash Flow, and so on).
When this number rises, it indicates that net current assets are rising since net working capital equals current assets minus current liabilities.
Cash eventually has to decrease in order for an asset to increase, hence the FCFF formula deducts the change (or "investment in") working capital.
To know more about working capital, refer;
https://brainly.com/question/13126692
#SPJ4
Which of Electrolux's foreign investments would be horizontal and which would be vertical? What are the advantages of each?
Answer:
The integration or growth of a company can occur horizontally or vertically, depending on whether it acquires competing companies that develop their business in parallel (horizontal integration), or it acquires companies or businesses that are in a different stage of the production process (companies that generate raw materials, transport, marketing, etc.).
Thus, if Electrolux expands its business by acquiring a competitor such as Whirlpool, it will be a case of horizontal integration. In contrast, if Electrolux acquires a company dedicated to the marketing of products, such as Best Buy, it will be a case of vertical integration.
Erica decides to spend $50 on a ticket to a concert with friends instead of buying a new pair of jeans. What is the opportunity cost other decision?
A. the benefit of having a new pair of jeans
B. the benefit of going out with her friends
C. the $50 Erica spent on the ticket
D. the enjoyment of going to the concert
Answer:
The benefit of having a new pair of jeans
Explanation:
Answer:
The benefit of having a new pair of jeans
Explanation:
Fiat money Select one: a. has no intrinsic value. b. is any close substitute for currency such as checkable deposits. c. is a medium of exchange but not a unit of account. d. is backed by gold.
Answer:
is a medium of exchange but not a unit of account
Which position in a business manages cash and cash equivalents?
-financial accountant
-controller
-cost accountant
-treasurer
Answer:
Financial Accountant
Explanation:
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
Learn more at:
https://brainly.com/question/15004115?referrer=searchResults
Employers not infrequently ""mislabel"" employees as independent contractors in order to?
Employers do not infrequently "mislabel" employees as independent contractors in order to avoid liability for payroll taxes.
Employers label employees as "independent contractors" as this would reduce overall liability for payroll taxes.
Independent contractors are not permanent employees, nor are they eligible for employee benefits. These employees who are not on the payroll of the company do not enjoy certain benefits which are given to permanent employees of the company.
Independent contractors provide goods or services under contractual terms negotiated with their employer. Independent contractors are not employees and are therefore exempt from most federal labor laws. People such as doctors, dentists, veterinarians, lawyers, accountants, contractors, subcontractors, public stenographers, or auctioneers.
Learn more about independent contractors at
https://brainly.com/question/7429981
#SPJ4
1. Who is an Antagonist?
Answer:
It's the person in the story who is kind of the 'bad guy'
Explanation:
They oppose the main character
Answer:
Hope it helps
Explanation:
a person who actively opposes or is hostile to someone or something; an adversary.
LO 6.3 BJT Corporation is owned 40 percent by Bill, 30 percent by Jack, and 30 percent by the Trumpet Partnership. Bill and Jack are father and son. Jack has a 10 percent interest in Trumpet Partnership. What is Jack’s total direct and constructive ownership of BJT Corporation under Section 267?
Answer:
Jack’s total direct and constructive ownership of BJT Corporation under Section 267 is 33%.
Explanation:
From the question, we have the following:
Jack's ownership of BJT Corporation = 30%
Jack's interest in Trumpet Partnership = 10%
Jack's share of 30 percent owned by Trumpet Partnership in BJT Corporation = Jack's interest in Trumpet Partnership * 30 percent owned by Trumpet Partnership in BJT Corporation = 10% * 30% = 3%
Therefore, we have:
Jack’s total direct and constructive ownership of BJT = Jack's ownership of BJT Corporation + Jack's share of 30 percent owned by Trumpet Partnership in BJT Corporation = 30% + 3% = 33%
Therefore, Jack’s total direct and constructive ownership of BJT Corporation under Section 267 is 33%.
what is Cardinal Rules to an Effective Raid (9)?
Cardinal rules are fundamental principles that are essential to achieving success in any activity, including conducting a raid. When it comes to conducting an effective raid, there are several cardinal rules that must be followed to ensure the success of the operation.
In cardinal rules, Firstly, proper planning is essential. This includes gathering intelligence on the target location and assessing potential risks and threats. The team should also plan the entry and exit routes, identify potential obstacles, and develop contingency plans in case of unexpected events. Secondly, effective communication is critical during the raid. The team should establish clear communication channels and ensure that everyone understands their roles and responsibilities. This includes using hand signals and code words to communicate silently and minimize the risk of detection. Thirdly, surprise is key to a successful raid. The team should strive to maintain an element of surprise and avoid tipping off the target location before the operation begins. This means conducting surveillance and reconnaissance before the raid to gather intelligence and plan the attack. Lastly, maintaining discipline and focus is essential during the raid. The team must remain calm and composed, follow the plan, and adapt to changing circumstances quickly. Any mistakes or missteps can compromise the operation and put the team at risk.
learn more about fundamental principles here:
https://brainly.com/question/14649820
#SPJ11
Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never
Answer:
A. This common law offer will expire after a reasonable period of time.
Explanation:
Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned
Therefore the correct option is a.
According to taylor's principles, which of these might help to improve workers' productivity?
According to Taylors principles the option that wouldn't help to improve the productivity of workers would be to carefully select workers according to their abilities and give workers training.
What does it mean to give workers training?This has to do with all of the activities that the business would have to carry out by carefully choosing to ensure that the workers are well trained in all of the departments that they are to work. The business would do this by organizing trainings and other forms of seminars foir the the workers.
What it means to work according to ability?This means getting people to work in the areas that they are known to be best suited. Based on the ways that they have shown their skills and their experiences, they can be selected to work in the departments.
Hence we can say that According to Taylors principles the option that wouldn help to improve the productivity of workers would be to carefully select workers according to their abilities and give workers training.
Read more on workers productivity here:
https://brainly.com/question/26722911
#SPJ1
Which is a requirement for an acceptance?
Answer:
Ohhh, this is business related. The requirements for an acceptance, in economics/business, are that both people in the agreement must do what they requested, and the offer must be made with the intent to follow through on the agreement. You can look at Google for a more in depth explanation, but this should help. :)
Question 5 of 10
Mabel, an accountant, discovers that an analyzed transaction has not been
entered into the books. At what step in the accounting cycle is she most likely
to make this discovery?
A. While preparing journal entries
B. While calculating trial balances
C. While posting to the general ledger
D. While preparing a worksheet
Answer: B.
Explanation:
While calculating trial balances