The difference between lean production and six sigma is that lean production tools are more intuitive and easier to apply by anybody in the workplace, whereas many six sigma tools require advanced training and the expertise of specialists. Thus, option 'D' is the correct option.
What is Lean vs Six Sigma?While Six Sigma is a collection of procedures that aims to significantly lower the rate of errors, Lean manufacturing is a systematic approach to doing away with waste and generating flow in the production process. Every company may need some improvement, but sometimes it's difficult to know where to begin.
Lean and Six Sigma vary primarily in that Lean frequently affects all aspects of an organization rather than being just focused on production. These two strategies are combined by Lean Six Sigma to produce a potent toolset for dealing with waste reduction.
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1. What could the twin sisters have done differently? 2. Should Hanson have targeted more than $10,000? 3. In both cases, were the financial results worth the effort? 4. What would you do differently if you were to run a crowdfunding campaign?
Twin sisters could have used analytics and other tools provided search engine and Hanson shouldn't have targeted for more because believable goal is the better goal for a business.
Additionally, analytics are used to track the visits of different people. Additionally, I would prepare the post-scaling plans and include them in the video so that the investor could assess the viability of the concept.The effort put forth to raise the cash was not worthwhile because the net amount raised was small. Other intangible benefits of this effort could include concept testing for the company from an unidentified audience, which could serve as knowledge for bettering the product or business concept. Additionally, it results in the establishment of a campaign that could be employed in the future, creating value that might extend beyond just the crowd fundraising campaign.To learn more about analytics click here
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true or false?
websites are a good place to research companies before an interview
the answer is true
Explanation:
because sometimes other people can said that it is good or bad. so you can see if it is good or bad
Answer:
I would believe that this is true.
Explanation:
Especially now In the 21st century, we use the internet for a lot of things, and for good reason too. Websites are a great place to start off looking before an interview. Hope this helps!
If a company fails to make an adjusting entry for deferred expense, the assets will be overstated. assume the deferred expense is initially recorded as an asset.
a. true
b. false
True. When a company fails to make an adjusting entry for a deferred expense that is initially recorded as an asset, the assets on the balance sheet will be overstated.
A deferred expense represents a payment made in advance for a future expense. Initially, it is recorded as an asset because it has future economic benefits. However, if the adjusting entry is not made, the expense is not properly recognized, resulting in an overstatement of assets.
Adjusting entries are necessary to ensure that financial statements accurately reflect the company's financial position and performance. Therefore, in this scenario, the assets will be overstated if the adjusting entry for the deferred expense is not made.
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The average revenue for Professional Road Bikes in the US market was $17,362, and in Germany was $19,669. Can you conclude that road bike sales in Germany are significantly higher than in the US? Yes, or no? why? Explain your answer in a few sentences.
Yes. Road bike sales in Germany are significantly higher than in the US.
What is revenue?Revenue can be defined as the income or money generated from the sales of goods and service.
Since the average revenue of Professional Road Bikes in the United States is market was $17,362 while that of Germany was $19,669 , this implies that road bikes sell more in Germany than United States.
Hence, the likely reason for the difference in revenue may be because their are high number of people that make use of rode bike in Germany compare to US.
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The focus on traditional financial statements is -Select- data rather than cash flow. However, cash flow is important to investors, managers, and stock analysts. Therefore, corporate decision makers and security analysts need to modify accounting data provided to them. An important modification is the concept of free cash flow (FCF). Many analysts regard FCF as being the single and most important number that can be developed from the accounting statements, even more important than net income. The equation for free cash flow is:
Answer:
The focus on traditional financial statements is ACCOUNTING data rather than cash flow.
Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital
Explanation:
Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.
Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.
E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.
which of the following is true of mortgage interest rates
Mortgage interest rates can vary based on several factors such as market conditions, borrower's creditworthiness, loan term, and the type of mortgage.
Mortgage interest rates are influenced by a variety of factors, and they can fluctuate over time. One significant factor is the overall condition of the housing market and the economy. When the economy is strong and there is high demand for housing, interest rates tend to rise. Conversely, during economic downturns or when housing demand is low, interest rates may decrease.
Another factor that impacts mortgage interest rates is the borrower's creditworthiness. Lenders assess the risk of lending to individuals based on their credit scores, income stability, and debt-to-income ratio. Borrowers with excellent credit histories and stable financial situations are more likely to qualify for lower interest rates compared to those with lower credit scores or higher risk profiles.
Loan term also plays a role in determining mortgage interest rates. Generally, shorter-term loans, such as 15-year mortgages, tend to have lower interest rates compared to longer-term loans like 30-year mortgages. This is because shorter-term loans present less risk for lenders and require less time for borrowers to repay the debt.
Additionally, the type of mortgage can affect interest rates. For example, adjustable-rate mortgages (ARMs) typically have lower initial interest rates compared to fixed-rate mortgages. However, ARMs come with the risk of interest rate adjustments in the future, which can lead to higher payments.
It's essential for prospective homebuyers to research and compare mortgage interest rates from different lenders to find the most favorable terms for their specific financial situation.
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Think about the implications of 3-D printing. How might this technology affect the broader U.S. economy as it becomes more widely used?
3D printing has the capacity to contribute millions of factory jobs back to the United States and kick start a new wave of economic growth across a variety of industries.
How does 3D printing affect technology?3D printing improves to reduce the complexity and improve time-to-market. It helps to consolidate the different procedures required in printing and manufacturing. It has an impact on the essential global chain.
Thus, 3D printing has the capacity to contribute millions of factory jobs back to the United States
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Write 9.58 times 10^(2) in standard notation. pls help!
its math btw
Which sentence best paraphrases the passage?
Immigrants were examined for physical and mental illnesses.
A doctor’s examination was a quick process.
The doctors were from the United States Health Service.
One doctor looked for physical and mental abnormalities.
Answer:
A). Immigrants were examined for physical and mental illnesses
Explanation:
Answer:
a
Explanation:
A process that exhibits random variability would be judged to be out of control. (True or False)
This claim is untrue. If a process displays random variability, it would not be considered out of control.
What sort of variance is the cause of an uncontrolled process?A particular cause variation is present when the control chart for a process measure shows a pattern of fluctuation that is not random or points that are drawn outside the control borders. A process measure is deemed unstable or out-of-control when a control chart shows unique cause variance.
What does the term "random variation" in quality control mean?Random variation: Unpredictable variations in a process's output caused by a variety of insignificant elements, including variations in temperature and humidity. Process variability resulting from a variety of erratic (and insignificant in isolation) fluctuations or change factors that, in reality, cannot be anticipated, detected, identified, or even eliminated.
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Gaby is motivated to work hard in a capitalistic society, because: ________
Gaby is motivated to work hard in a capitalistic society, because she wants to do well for herself.
What is the name of a capitalist society?Since the end of feudalism, capitalism, also known as the market economy or the free enterprise economy, has dominated in the Western countries. Under capitalism, the majority of the mode of production are privately owned, and production is controlled and income is distributed primarily through the the functioning of markets.
The benefits of capitalismContrary to socialism, marxism, or authoritarianism, capitalism encourages individual initiative and a solid work ethic. By working hard or come up with an original concept, everyone can elevate their position in life. In many nations around the world today, that is still not the case and has hardly shown to be the case through human history.
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The ending balances for an accounting period become the beginning balances of the subsequent accounting period. This statement is:.
It is true that ending balances for an accounting period become the beginning balances of the subsequent accounting period.
Why is this statement true?In accounting, a financial record is prepared on annual base, hence, the ending balance for a particular year will be carry forward for preparation of subsequent year account.
In conclusion, It is true that ending balances for an accounting period become the beginning balances of the subsequent accounting period.
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Assume that a certain business has $1,000 worth inventory, $1,000 cash in bank, and $10,000 receivable from customers in three months. Further, the business needs to pay a short-term loan worth $5,000 in less than six months. What might be the working capital requirement of this business?
A.
$5,000
B.
$6,000
C.
$7,000
D.
$8,000
E.
$12,000
Answer:
A. $5,000
Explanation:
Plato
The working capital requirement of this business is $5,000. Thus, option A is correct.
What is working capital?A financial term known as working capital (WC) measures the operating liquidity that is accessible to a company, organization, or other organization, including governmental agencies.
Working capital is seen as a component of operational capital, along with fixed assets like plant and equipment. Current assets are equal to gross working capital. Current assets less Current Liabilities equals Working Capital. An entity has a working capital deficiency, also known as a working capital deficit and negative working capital, if current assets are fewer than current liabilities. Despite having assets and profits, a business may lack liquidity if its assets cannot be quickly transformed into cash.
Therefore, we can conclude that option A is correct.
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Skippy loves peanut butter. Skippy reads on the internet that 75 percent of the peanut crop in the South has been wiped out by drought, and that this will cause the price of peanuts to more than double by the end of the year. As a result,
a. Skippy’s demand for peanut butter decreases as he considers buying almond butter.
b. Skippy’s demand for peanut butter will increase, but not until the end of the year.
c. Skippy’s demand for peanut butter shifts left today.
d. Skippy’s demand for peanut butter increases today.
Answer:
d. Skippy’s demand for peanut butter increases today.
Explanation:
The taste and preferences of the consumers are one of the factors affecting the demand for the goods. The demand for goods increases according to tastes and preferences. Another factor of an increase in demand is the expectation of a consumer regarding the future prices of the goods.
In the given scenario, Skippy's demand for the peanut butter will increase because of the above mentioned two reasons. Since he is very much fond of the peanut butter, the demand will remain constant. At the same time, after reading about the future unavailability of the peanut butter and the increase in the price of it, the demand for the peanut butter will rise the present day.
to keep your start-up costs low, you decide to hire two salespeople on commission. they have a base salary of $30,000 and receive 6% of all sales in commission. if first year sales are $500,000, what is your total cost for the two salespeople?
The total compensation for two salesmen will be $90,000.
In mathematics, a number or ratio that can be expressed as a fraction of 100 is known as a percentage. In order to calculate a percentage of a number, multiply it by 100 after dividing it by its whole. As a result, the percentage refers to a component per 100. The word "percent" denotes a percentage of 100. It is represented by the symbol "%".
Given, You choose to employ two salesmen on a commission basis in order to minimize your startup costs. In addition to their $30,000 base pay, they also get 6% of every sale as commission.
The basic pay for two salespeople for a year is $30,000.
The basic pay for two salespeople for a year is $60,000.
The basic pay for two salespeople for a year is $60,000
Incentive = commission equal to 6% of all sales.
Due to this, the first year's revenues are $500,000
thus, Their bonus is equal to 6% of 500,000.
Their bonus equals 6*500,000/100.
Their reward is $30,000.
Thus, Basic pay plus incentive make up the two salespeople's total compensation.
Two salespeople make a combined pay of 60,000 + 30,000.
Two salespeople get a combined pay of $90,000
Consequently, the combined pay for the two salespeople will be $90,000.
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Save & Exit A bond has 7 years to maturity, an 8% coupon, a $1,000 face value, and pays interest semiannually. What is the bond's current price if the yield to maturity is 7.32%? Multiple Choice $964.09 $1,000.00 $1.005.46 $1,036 24 $1,036.73
The bond's current price if the yield to maturity is 7.32% is $1,036.73. Therefore, the correct option is option 4.
To calculate the bond's current price, we need to use the present value formula:
PV = (C / (1 + r/2)^t) + (C / (1 + r/2)^(t+1)) + ... + (C + F / (1 + r/2)^(n*2))
Where:
PV = present value of the bond
C = semi-annual coupon payment
r = yield to maturity (annual rate)
t = number of semi-annual periods until maturity
F = face value of the bond
Plugging in the given values, we get:
PV = (40 / (1 + 0.0732/2)^1) + (40 / (1 + 0.0732/2)^2) + ... + (40 + 1000 / (1 + 0.0732/2)^14)
PV = 964.09 + 941.64 + ... + 183.35
PV = 1,036.73
Therefore, the bond's current price is $1,036.73 which corresponds to option 4.
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If someone owes you $100 right now, but they don't pay you for a year, you have lost the opportunity to collect _______________on that money.
Answer:
Interest
Explanation:
Opportunity cost of the money is the Interest that could have been earned on that money has the borrower saved it in the bank. Thus, the missing word here is Interest.
A schedule is identical to a timeline. please select the best answer from the choices provided
true
false
True. The terms "schedule" and "timeline" are sometimes used interchangeably to describe a visual depiction of a list of events, tasks, and their associated due dates.
While a schedule and a timeline both show events or activities in chronological sequence, there are some significant variations between the two. An structured plan with more exact dates, times, and deadlines for work or events is called a timetable. More details regarding each event, such as the place, time frame, and parties in charge, are frequently included. Contrarily, a timeline is a condensed portrayal of events or actions over a period of time, sometimes displayed as a linear graph. Timelines sometimes don't contain as much specificity as schedules and are intended to provide a high-level summary of events or milestones. A timetable and a timeline are similar, yet they have distinct uses and offer various levels of information.
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Answer:
False
Explanation:
A timeline focuses on dates and tasks, while a schedule just focuses on dates.
When reconciling petty cash, you determine that the total withdrawals according the petty cash slips is $169.00. Since the fund started with $200.00, there should be $31.00 remaining in the petty cash box. When the cash is counted, there is $31.00. How is this entered in the journal? Will mark brailiest
A. Since the difference between the established amount and the total cash and withdrawals is zero, each account the disbursements are charged to is debited to total $31.00 and the Cash account is credited $31.00 to replenish the fund. No entry is needed in the Cash Over and Short account.
B. Since the difference between the established amount and the total cash and withdrawals is zero, each account the disbursements are charged to is debited to total $169.00 and the Cash account is credited $169.00 to replenish the fund. No entry is needed in the Cash Over and Short account.
C. Since the difference between the established amount and the total cash and withdrawals is zero, each account the disbursements are charged to is debited to total $169.00 and the Cash account is credited $31.00 to replenish the fund. No entry is needed in the Cash Over and Short account.
D. Since the difference between the established amount and the total cash and withdrawals is zero, each account the disbursements are charged to is debited to total $169.00 and the Cash account is credited $200.00 to replenish the fund. No entry is needed in the Cash Over and Short account.
This transaction is entered in the journal according to Option B:
Since the difference between the established amount and the total cash and withdrawals is zero, each account of the disbursements is charged to Petty Cash. The Petty Cash is debited to a total of $169.00, and the Cash account is credited $169.00 to replenish the fund.No entry is needed in the Cash Over and Short account.What is a petty cash book?A petty cash book is an accounting record for petty cash expenses.
The petty cash book operates on the imprest system, involving the refund of the total cash spent during the period after the physical count of cash in hand.
Total of Petty Cash slips = $169.00
Imprest = $200.00
Petty cash balance = $31.00 ($200.00 - $169.00)
Float = $169 ($200.00 - $31.00)
Thus, the correct journal entry for the petty cash transaction is Option B.
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when purchase costs are (rising/declining) , lifo will report the lowest cost of goods sold yielding the highest gross profit and net income.
When purchase costs are declining, LIFO (last-in, first-out) will report the lowest cost of goods sold, yielding the highest gross profit and net income.
LIFO stands for last-in, first-out, and it is a method of accounting for inventory costing. The last goods obtained are the first to be sold under this approach. As a result, the value of inventory on the balance sheet is based on the oldest inventory items.
LIFO has a big effect on the cost of goods sold and, as a result, net income. When purchase costs are increasing, LIFO will report the highest cost of goods sold and the lowest gross profit, lowering net income. When purchase costs are decreasing, however, LIFO will report the lowest cost of goods sold and the highest gross profit, raising net income. Therefore, when purchase costs are declining, LIFO will report the lowest cost of goods sold, yielding the highest gross profit and net income.
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what are the six steps to be followed in the bank reconciliation process
Answer:
Here are the steps for completing a bank reconciliation:
Get bank records.
Gather your business records.
Find a place to start.
Go over your bank deposits and withdrawals.
Check the income and expenses in your books.
Adjust the bank statements.
Adjust the cash balance.
Compare the end balances.
Explanation:
a monopolist sells 8 units of a product per day at a unit price of $16. if it lowers the price to $15, its total revenue increases by $37. this implies that its sales quantity increases by
a monopolist sells 8 units of a product per day at a unit price of $16. if it lowers the price to $15, its total revenue increases by $37. this implies that its sales quantity increases by 3 units per day .
An individual, organization, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of rival products or services and competition, the monopolist has the ability to command high prices. A company with a monopoly is one where its product is sold exclusively and there are no close substitutes. Unrestrained monopolies have the ability to set prices and exercise market power. Examples include Microsoft and Windows, DeBeers and diamonds, and your neighborhood gas provider. A scenario known as monopoly occurs when there is only one vendor in the market. The monopoly situation is viewed as the polar opposite of perfect competition in standard economic theory.
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With regard to business definition, railroads may have lost business because they:
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
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TRUE OR FALSE? Please help
Compound interest includes interest only on the principle balance
Which pair of financial statements show depreciation expense? O Income statement and statement of owner's equity O Income statement and balance sheet O Balance sheet and statement of owner's equity O Balance sheet and statement of cash flows O Income statement and statement of cash rows
Both the income statement and the balance sheet contain the depreciation phrase. Depreciation expense on the income statement refers to the total amount of depreciation that was charged to expenditure alone for that reporting period.
The term "depreciation" in accounting refers to two different aspects of the same concept: first, the actual decline in fair value of an asset, such as the annual decline in value of factory equipment due to use and wear, and second, the allocation in accounting statements of the asset's initial cost to the periods in which it is used. The process of "writing down" or reallocating the cost of a tangible asset over the length of its useful life is called depreciation. Additionally, it alludes to a decrease in asset worth. For accounting and tax purposes, organizations depreciate long-term investments. The asset's loss in value and the technique of depreciating it have an impact on the balance sheet of a corporation or other entity.
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When it comes to changing consumer behavior, marketers have a tough time
breaking the habits consumers tend to adopt .
True or False
What's the main reason to use a personal budget?
O A. To keep costs below benefits
O B. To stay out of debt
C. To appropriate discretionary funds
O D. To maximize investment returns
Answer: B, stay out of debt
Explanation: A budget reveals areas where you're spending too much money so you can refocus on your most important goals. A budget can keep you out of debt or help you get out of debt. A budget actually creates extra money for you to do use on things that matter to you.
If consumers start to believe they need a product, what is likely to happen?
A. The demand becomes less elastic.
B. The demand becomes more elastic.
С. The supply decreases.
D. The price decreases.
Please select the best answer from the choices provided
Answer:
Option A
Explanation:
Less elastic Demands means ,there will be less effect on the demand of a product if the price of product changes.
A scientist has samples of both nitrogen (N2) and hydrogen (H2). Both of these substances are odorless, colorless gases at room temperature. The scientist places the samples into a closed flask and heats the flask. A colorless gas that has a strong odor forms. Which of these best describes what happened?'
A.
A mixture formed when nitrogen and hydrogen combined.
B.
A pure substance that is chemically identical to both nitrogen and oxygen formed.
C.
A new compound formed when nitrogen and hydrogen chemically reacted.
D.
A new element formed when oxygen and nitrogen atoms turned into new kinds of atoms.
Answer: C. A new compound formed when nitrogen and hydrogen chemically reacted.
Explanation:
Due to the temperature increase, the atoms of both Nitrogen and Hydrogen reacted chemically with one another and formed a new compound which was still colorless but now had a strong odor as well.
This new compound is known as Ammonia with the chemical composition NH₃. It is formed when Hydrogen and Nitrogen react chemically. Ammonia is a colorless gas with a sharp strong odor.
T/F Subsidiaries require major marketing efforts to penetrate the international market because of cultural differences and because the entrant is new and relatively unknown.
The statement " Subsidiaries require major marketing efforts to penetrate the international market because of cultural differences and because the entrant is new and relatively unknown." is ture.
Cultural differences can create challenges in developing effective marketing strategies, and the lack of brand recognition makes it harder for the subsidiary to establish credibility and trust with potential customers.
Moreover, being a new entrant in the market means that the subsidiary may face stiff competition from established players, making it imperative to have a robust marketing plan to penetrate the market successfully.
Overall, subsidiaries need to invest heavily in marketing efforts to establish themselves in the international market and gain a foothold in their respective industries.
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