What is a motive force to Implement TQM in your organization?
Explain with a case

Economists and accountants approach the cost of a business differently. Economists consider opportunity costs and the long-term view, while accountants focus on financial records and short-term expenses. Short run and long run costs are distinguished based on time and adjustability of factors of production. Incremental output declines with greater quantities of variable factor inputs due to diminishing returns. Increasing returns are linked to diminishing marginal costs, while diminishing returns lead to increasing marginal costs. The marginal cost curve intersects the average variable cost If a producer operates in an industry with significant economies of scale, it means that as the producer increases its production volume, its average total cost decreases. This is due to various factors that result in cost savings and efficiencies as production scale expands.

In industries with economies of scale, spreading fixed costs, such as infrastructure, equipment, and research and development expenses, over a larger output helps to lower the average cost per unit. For example, a manufacturing company that produces a large number of units can divide its fixed costs among a greater quantity of products, reducing the average cost.

Additionally, larger production volumes often lead to better utilization of resources and improved specialization. As the scale of production increases, it becomes possible to invest in specialized machinery and technologies that enhance productivity and efficiency. This can result in lower labor costs, reduced waste, and improved overall production processes.

Economies of scale can also lead to bulk purchasing advantages, where larger orders allow for better negotiation of prices and discounts from suppliers. This further reduces the average cost of production.

Overall, industries with economies of scale benefit from the ability to lower their average total cost as production volume increases. This provides a competitive advantage, as they can offer their products at a lower price compared to smaller-scale producers while still maintaining profitability and average total cost curves at their respective minimum points, but the quantities where average variable cost and average total cost are minimized may differ. Marginal cost can be calculated by examining the change in total variable cost or total cost.

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EZS is a fast food outlet located in midtown Manhattan that caters primarily to the corporate clientele. The restaurant specializes in customizable sandwiches, along with a variety of drinks, light salads, seasonal fruit, and snacks.

It operates from 10:00 AM to 10:00 PM, with peak demand occurring during the lunch hours from 11:30 AM to 2:00 PM. When a customer arrives at EZS, they join a line and review the sandwich options displayed on a billboard. The customer selects their preferred sandwich by marking their choices on a customized form. They then hand the completed form to one of several assemblers stationed along the line. The assemblers promptly prepare the sandwich according to the customer's specifications.

After ordering the sandwich, the customer proceeds further down the line to choose additional items to accompany their meal. This may include beverages, salads, fruits, or snacks. The customer places these items on their tray as they move along.

Once the customer has gathered all desired items, they proceed to the cash register to make payment for their order. After the payment transaction is completed, the customer proceeds to a designated location where their prepared sandwich awaits them. They collect the sandwich and can then enjoy their meal.

This ordering and assembly process allows customers to make their sandwich selection, choose accompanying items, and complete payment efficiently, minimizing waiting times and ensuring a smooth dining experience at EZS.

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The weighted average cost method will always yield results between FIFO and LIFO. This statement is False

The weighted average cost method calculates the average cost of inventory over a period of time, by dividing the total cost of goods available for sale by the total units available for sale. This method does not depend on the order in which inventory was purchased or sold, unlike the FIFO (first-in, first-out) and LIFO (last-in, first-out) methods. Therefore, the weighted average cost method can yield different results from FIFO and LIFO, depending on the changes in inventory costs and quantities.

The selection of inventory costing method can have a significant impact on a company's financial statements and tax liabilities. The FIFO method assumes that the first units purchased are the first units sold, and the ending inventory consists of the most recent purchases. This method can result in higher cost of goods sold (COGS) and lower ending inventory value during inflationary periods, which can lower the company's taxable income and net income. The LIFO method assumes that the last units purchased are the first units sold, and the ending inventory consists of the earliest purchases. This method can result in lower COGS and higher ending inventory value during inflationary periods, which can increase the company's taxable income and net income.

The weighted average cost method can be a compromise between FIFO and LIFO, as it smooths out the impact of price fluctuations over a period of time. However, this method may not accurately reflect the actual cost of goods sold or ending inventory value, especially if there are significant changes in purchase prices or quantities. For example, if a company purchases a large quantity of inventory at a lower price, the weighted average cost will be reduced, but the FIFO method would result in lower COGS and higher ending inventory value than the weighted average cost method. Similarly, if a company purchases a large quantity of inventory at a higher price, the weighted average cost will be increased, but the LIFO method would result in higher COGS and lower ending inventory value than the weighted average cost method.

Therefore, the choice of inventory costing method depends on various factors such as the nature of the business, the inventory turnover rate, the price fluctuations, and the tax regulations. It is important for companies to understand the implications of each method and select the most appropriate method based on their specific circumstances.

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The recent global crisis has indeed led to changes in the economic landscape and consumer perception. These changes have also affected our relationship with "things" and have facilitated the development of the sharing economy. Here are some of the most relevant global changes and tendencies contributing to this development:

1. Economic uncertainty: The crisis has made people more conscious about their spending habits and the value of their possessions.

They are now more open to sharing resources instead of buying and owning them individually.

2. Technological advancements: The rise of digital platforms and mobile apps has made it easier for people to connect and share resources with one another.

This has enabled the sharing economy to thrive by providing convenient ways to access and utilize shared resources.

3. Environmental concerns: The growing awareness about the impact of consumerism on the environment has led to a shift in mindset. People are now more inclined to choose sharing over owning as it aligns with sustainability goals and reduces waste.

4. Cost savings: The economic crisis has made people more cost-conscious. Sharing economy models often offer cheaper alternatives to traditional ownership, making it an attractive option for those looking to save money.

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Companies that successfully target different consumer groups with different pricing strategies demonstrate superior pricing acumen.

Companies that excel at targeting different consumer groups with different pricing strategies demonstrate superior pricing acumen. This enables them to optimize revenue and profitability by effectively meeting the needs and preferences of diverse consumer segments.Companies that successfully target different consumer groups with different pricing strategies demonstrate superior pricing acumen.
Superior pricing acumen refers to a company's ability to understand the pricing dynamics of different consumer groups and develop effective pricing strategies that align with the needs and preferences of each group.
By tailoring pricing strategies to specific consumer segments, companies can optimize their revenue and profitability. This can be achieved through various pricing techniques such as skimming pricing and functional pricing.
Skimming pricing involves initially setting a high price for a product or service to capture the segment of consumers who are willing to pay a premium. This strategy is often used for innovative or unique products that have a limited initial market.
On the other hand, functional pricing involves setting different prices based on the perceived value or utility that the product or service provides to different consumer groups. For example, a company may offer discounted prices for students or seniors to make their products more affordable and accessible to these segments.
By implementing these pricing strategies effectively, companies can maximize their market share, increase customer satisfaction, and achieve sustainable growth. It requires a deep understanding of consumer behavior, market dynamics, and the competitive landscape.
In conclusion, companies that excel at targeting different consumer groups with different pricing strategies demonstrate superior pricing acumen. This enables them to optimize revenue and profitability by effectively meeting the needs and preferences of diverse consumer segments.

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Explanation:

325 I think buy I am not sure.

A lease that provides for specified changes in the amount of rent at one or more points during the lease term" is called a(n) Graduated Rental lease.

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The common skills needed by lawyers are active listening, speaking, critical thinking and reading comprehension.

The skills can be noted as -

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Answer: A. 49,200

Explanation: Took test on Edge

Based on the fact that Terry had a bankruptcy, the additional interest she will pay over the life of the loan is a. $49,000

This can be found by the formula:

Loan amount = Amount paid x ( 1 - ( 1 + rate) ^-number of periods) / rate

Rate is:                                                             Number of periods

= 11% / 12 months                                              = 25 x 12

= 11/12%                                                             = 300 months

Amount is:

60,000 = Amount x ( 1 - ( 1 + 11/12%)⁻³⁰⁰) / 11/12%

60,000 = Amount x 102.029043745

Amount = 60,000 / 102.029043745

= $588.07

= (Amount Terry pays now - Amount Terry would have paid) x 300 months

= (588.07 - 424.07) x 300

= $49,200

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Answer:

f

Explanation:swsw

Answer:

D) information or action

Explanation:

These are the options for the question

A) settlements to claims

B) recommendations

C) adjustments

D) information or action

E) references

Routine request can be regarded as a request for information, which is been contained in case files, indices,schedules as well as dockets that doesn't look for impounded as well as confidential and sealed information.

When sending a routine email

that give recognizion for a job that is well done, the following should be included;

✓rationale that state work important of the work.

✓closing statement which encourages continued excellence.

✓specific descriptionthat explain purpose of the message.

It should be noted that message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request information or action

in the economy of the island of Bacchus, 40/3 pounds of grapes and 10/3 liters of wine are produced and consumed by 10 laborers.

To solve the input-output system, we need to establish a set of equations based on the given information. Let G represent the quantity of grapes and W represent the quantity of wine. The equations can be written as follows:

Production of Grapes: G = (1/2)G + 10L + 0W

Production of Wine: W = (1/2)G + 1L + (1/4)W

Consumption: 1G + 3W = 10L + 0W

We can simplify equation 1 to 1/2G - 10L = 0 and equation 2 to 1/2G - L + (3/4)W = 0. By substituting the simplified equations into equation 3, we get 1G + 3W = 10L. Rearranging this equation, we get 1G - 10L + 3W = 0.

Solving these equations simultaneously, we find G = 40/3 pounds of grapes, W = 10/3 liters of wine, and L = 10 laborers. These values represent the equilibrium quantities of grapes and wine produced and consumed on the island.

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Answer:

The answer to your question is payee

McDonald's offering a healthy menu to avoid competition is referred to as differentiation positioning.

This is strategy adopted by companies in making their products and services very unique and beneficial to the populace.

This being done ensures that they avoid competition and increase sales and profit to ensure continuous running of the business. McDonald offering healthy menu items depicts this type of positioning.

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Answer:

The correct answer is "$338.52".

Explanation:

The given values are:

Market price,

= $282.10

Earning per share,

= $9.10

Earning increased,

= 20%

As we know,

⇒  \(PE \ ratio=\frac{Market \ price}{Earning \ per \ share}\)

On substituting the given values, we get

⇒                  \(=\frac{282.10}{9.10}\)

⇒                  \(=31\)

Current year earnings,

=  \(9.10\times 120 \ percent\)

=  \(10.92 \ per \ share\)

Thus,

⇒ \(31=\frac{Market \ price}{10.92}\)

⇒ \(Market \ price = 31\times 10.92\)

⇒                        \(=338.52\) ($)

Trade is encouraged and not monitored by the government.

I took the test, I promise you this is the answer. Good luck on the text :D

Correct answer will be option A. Marginal product of labor is the increase in output obtained from a one-unit increase in labor.

The marginal product of labor (MPL) is the transition in outcome that ultimately resulted from employing an additional unit of labor in economics. It is a characteristic of the production function and is determined by the amount of tangible capital and labor already in use. The marginal product of a production factor is usually defined as the variation in amount of variance by a unit or insignificantly small change in the amount of that factor used while going to hold all other input usages constant in the production process. The transformation in outcome (Y) per unit increase in labour is then the marginal result of labor (L).

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In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services whereas a perfectly competitive market is made up of numerous firms.

Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance.

Buyers are aware of the nature of the goods being offered and the prices each firm charges, and the industry is characterized by freedom of entry and departure. In a completely competitive market, all firms sell the same product and are price takers.

The market is dominated by a small number of large suppliers in an oligopoly. Other less significant suppliers with a minor fraction of the oligopoly market share are possible. Oligopoly may stock, produce, or differentiate identical or similar goods.

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Once a cost has been determined, a business uses that sum as the foundation for accounting for the plant asset over the course of its useful life.

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Answer:

the bad debt expense is $900

Explanation:

The computation of the bad debt expense is shown below:

bad debt expense is

= Written off amount + estimated uncollectible amount at the year end

= $650 + $250

= $900

We simply added the above two items so that the amount of the bad debts for the first year could come

Hence, the bad debt expense is $900

When referring to factors of production, skyscraper is an example of land. Thus, the correct option is B.

A skyscraper is an example of land as a factor of production because it is a natural resource used in the production of goods and services. Land includes all natural resources used in the production process, such as buildings, forests, minerals, and land itself.

Typically, a skyscraper has more than 40 or 50 floors, and its design and construction require specialized engineering and architectural skills to ensure its stability, safety, and functionality.

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Debit: Raw Materials Inventory - Lumber $36,000
Debit: Direct Materials Price Variance $6,000
Credit: Accounts Payable $42,000


To record the purchase and unfavorable direct materials price variance, we need to debit Raw Materials Inventory - Lumber for the cost of the purchased lumber and debit Direct Materials Price Variance for the unfavorable variance. We will credit the Accounts Payable account to reflect the amount owed to the supplier.

Debit Raw Materials Inventory - Lumber ($6.00 per foot x 6,000 feet) = $36,000
This increases the value of the Raw Materials Inventory - Lumber account to reflect the cost of the purchased lumber.

Debit Direct Materials Price Variance with the unfavorable variance amount. Since the standard price for direct materials is $5.00 and the actual price paid is $6.00, the unfavorable variance is ($6.00 - $5.00) x 6,000 = $6,000.
This records the unfavorable variance caused by paying more than the standard price for the lumber.

Credit Accounts Payable ($6.00 per foot x 6,000 feet) = $42,000
This reflects the liability created for the amount owed to the supplier for the lumber purchase.


By making these journal entries, we record the purchase of lumber, the unfavorable direct materials price variance, and establish the liability for the amount owed to the supplier.

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Answer:

C.

Explanation:

I believe it is C. because I'm pretty sure its talking about the interest which is where you receive some money from the bank for keeping you money there or whatnot.

The correct option is (C). it grows savings at a faster pace is a higher interest rate important when saving money.

A higher interest rate means that the saver will earn more interest on their savings, which will grow their savings at a faster pace.

Option (A) is incorrect because interest is only paid on principal, not on interest.

Option (B) is incorrect because a higher interest rate will not mean that a person will owe the bank less over time.

Option (D) is incorrect because a higher interest rate does not require a lower amount to be deposited each month.

Here is an example to illustrate this point. Let's say you have $1,000 in a savings account with an interest rate of 1%. After one year, you will have earned $10 in interest.

If the interest rate on your savings account were 2%, you would have earned $20 in interest after one year. Therefore, a higher interest rate will help your savings grow at a faster pace.

A higher interest rate will help your savings grow at a faster pace because you will earn more interest on your savings.

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The regulation of marriages and payments for personal injuries is covered by civil law, a branch of law concerned with private rights.

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Answer:

On average for every $1.00, the credit companies collectection in total is 1.50.

Explanation:

On average for every $1.00, the credit companies collectection in total is 1.50.

Answer:

A firm in this market produces where P > MC ⇒ MONOPOLY, in perfect competition markets, firms produce where P = MC

A firm in this market may earn long-run economic profits ⇒ MONOPOLY, on perfect competition markets firms cannot earn economic profit in the long run

A firm in this market has no market power ⇒ PERFECT COMPETITION

A firm in this market has no competitors ⇒ MONOPOLY (this is the definition of a monopoly)

A firm in this market cannot earn long-run economic profits ⇒ PERFECT COMPETITION

A firm in this market has significant market power ⇒ MONOPOLY, since the firm is the only supplier, it has a lot of bargaining power

A firm in this market is one of many small competitors ⇒ PERFECT COMPETITION

A firm in this market produces where P = MC ⇒ PERFECT COMPETITION

After 1 year, Walter will have more money than Steven. Assuming no additional contributions or withdrawals, with a 2.8% annual return, Steven's inheritance will grow to $41,120, while Walter's inheritance will grow to $42,360 with a 5.9% annual return.

Steven's inheritance, invested in a savings account with a 2.8% annual return, will grow over the course of 1 year. To calculate the final amount, we multiply the initial amount by 1 plus the interest rate:

Steven's Final Amount = $40,000 * (1 + 0.028)

Steven's Final Amount = $40,000 * 1.028

Steven's Final Amount = $41,120

Walter's inheritance, on the other hand, is invested in a CD with a 5.9% annual return. Similarly, we can calculate the final amount:

Walter's Final Amount = $40,000 * (1 + 0.059)

Walter's Final Amount = $40,000 * 1.059

Walter's Final Amount = $42,360

After 1 year, Walter will have $42,360, while Steven will have $41,120. Therefore, Walter will have $1,240 more than Steven.

It's important to note that this calculation assumes no additional contributions or withdrawals during the year and that the interest rates remain constant. Additionally, the actual returns may be subject to taxes or fees depending on the specific investment

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1. Why adopted children should know their biological parents' identities

- it creates a kind of reunion among the involved parties include the children, the biological parents, and the adopted parents

- they can locate and reunate if they want to, once they have grown up

2. Why adopted children shouldn't know their biological parents' identities

- they might get hurt by trying to find the truth

- if they know that they were just adopted they can feel less of themselves even though the adopted parents love them with all their hearts

Answer:

Spiritual

Explanation:

The Human Services career cluster include professional involved in beauty and human wellness. Some job titles in this cluster include psychologists, members of the clergy, social workers,  hairdressers, and cosmetologist.  Working in this cluster requires one to have good interpersonal and listening skills. One has to be patient and show empathy toward others.

The working environment in this cluster revolves around hospitals, worship places, saloons, and beauty parlors.