Cost of Quality Report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms $175,000 Processing lost customer reservations 40,000 Rework incorrectly prepared room service meal 20,000 Employee training 265,000 Total $500,000 Sales are $4,000,000. Prepare a cost of quality report. Round percent of sales to one decimal place. Cost of Quality Report Quality Cost Classification Quality Cost Percent of Total Quality Cost Percent of Total Sales Prevention $fill in the blank 1 fill in the blank 2 % fill in the blank 3 % Appraisal fill in the blank 4 fill in the blank 5 % fill in the blank 6 % Internal failure fill in the blank 7 fill in the blank 8 % fill in the blank 9 % External failure fill in the blank 10 fill in the blank 11 % fill in the blank 12 % Totals $fill in the blank 13 fill in the blank 14 % fill in the blank 15 %
Answers
Answer: Check attachment
Explanation:
Quality cost:
Prevention $265000
Appraisal $175000
Internal failure $20000
External failure $40000
Total $500000
Percent of total quality was calculated as:
Quality cost classification/Total
e.g. Prevention = 265000/500000 × 100 = 53.00%
Check attachment for further information.
Related Questions
a. Simulation can be used to analyze large and complex real-world situations that cannot be solved by using conventional quantitative analysis models b. Simulation can answer what-if types of questions c. Simulation can be used to study the interactive effect of individual components or variables in order to determine which ones are important d. All of the above statements are correct
Answers
Answer:
D). All of the above statements are correct.
Explanation:
Simulation can be described as the process designed to offer a realistic experience in order to know the actual mechanism of a specific behavior or outcome.
As per the question, 'all the given statements' are asserting true claims with respect to simulation. Simulation is characterized as an effective process for evaluating large and complicated actual-world circumstances as it is a realistic environment to know the truth and actual causes behind those situations. Such situations cannot be assessed truly using the traditional quantitative models of analysis. It is able to provide answers to the questions like 'what-if' as it observes the realistic nature and promotes effective decision-making. It is also employed to investigate the collective effect of specific variables or components to categorize them as important or not-important as it closely observes every aspect. Thus, option D is the correct answer.
Grace is a self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year:
Meals where business was conducted $5,000 Greens fees (all business) 500
Tickets to baseball games (all business) 500
Country Club dues (all business use) 6,000
What are the tax-deductible meals and entertainment expenses Grace may claim in the current year? On which tax form should she claim the deduction?
Answers
Answer:
any options?
Explanation:
Answer: Schedule C
Explanation:
A process is in control and centered at nominal. Output from the process is normally distributed and the process capability index, Cp, equals 1.02. Determine the expected number of nonconforming units that will result from a production run of 20,000 units. Assume that all previously stated conditions regarding the process remain as described during the production run of 20,000 units.
Answers
Answer:
44 nonconforming units
Explanation:
Calculate The expected number of nonconforming units
Given that :
Cp = 1.02
number of units ( N ) = 20,000
standard deviation of defective units = 3 * 1.02 = 3.06
proportion of defective units = 1 - P ( -3.06 < Z < 3.06)
= 1 - ( 0.9989 - 0.0011 ) = 1 - 0.9978 = 0.0022
Hence the number of nonconforming units
= N * proportion of defective units
= 20,000 * 0.0022 = 44
The discount rate used to calculate the net present value of a capital budgeting project should be: a. The risk-free rate. b. The weighted average cost of capital. c. LIBOR. d. The internal rate of return.
Answers
Answer:
B
Explanation:
Capital budgeting is the determination of the profitability of proposed investments
One of the capital budgeting methods is the net present value
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
the Weighted cost of capital is used to determine NPV
WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate)
It is the minimum rate of return a company expects from a project
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested. It is a captial budgeting method
The market risk premium is 8 percent. · The beta on Fiscal Cliff's common stock is 2.3. · The company's retained earnings are sufficient so that they do not have to issue any new common stock to fund capital projects. · The company's tax rate is 40 percent. Given this information, what is Fiscal Cliff's WACC? A. 9.21% B. 12.58% C. 8.17% D. 7.63% E. 11.35%
Answers
Answer:
A. 9.21%
Explanation:
WACC = Cost of Equity x Weight of Equity + Cost of Debt x Weight of Debt
Cost of Equity calculation :
Cost of Equity = Interest from risk free security + beta x market premium
= 3.00 % + 2.3 x 8.00%
= 21.40 %
Cost of Debt calculation :
PV = - $700
FV = $1,000
N = 25
PMT = $1,000 x 8% = $80
P/YR = 1
I/YR = ???
The Bond`s yield will be the cost of debt. The cost of debt using a financial calculator i/yr is 11.76 %
But,
We always use the After tax cost of debt,
After tax cost of debt = interest x (1 - tax rate)
= 11.76 % x (1 - 0.40)
= 7.056 %
therefore,
WACC = 21.40 % x 15 % + 7.056 % x 85 %
= 9.2076 or 9.21 %
The balance sheet of Cranium Gaming reports total assets of $380,000 and $680,000 at the beginning and end of the year, respectively. Sales revenues are $1.30 million, net income is $63,000, and operating cash flows are $54,000. Calculate the cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming. (Enter your answers in dollars, not millions (i.e., $10.1 million should be entered as 10,100,000).)
Answers
Answer:
See below
Explanation:
1. Cash return on assets
= Operating cash flow / Average total asset
Operating cash flows = $54,000
Average total asset = [($380,000 + $680,000) / 2] = $530,000
Cash return on assets
= $54,000 / $530,000
= 10.19%
2. Cash flow to sales
= Operating cash flows / Net sales
Operating cash flows = $54,000
Net sales = $1,300,000
Cash flow to sales
= $54,000 / $1,300,000
= 4.15%
3. Asset turnover
= Net sales / Average total assets
Net sales = $1,300,000
Average total assets = $530,000
Asset turnover
= $1,300,000 / $530,000
= 2.5 times
In supply chain, the bullwhip effect produces progressively larger inventories as demand variation increases upstream. A primary reason for this supply behavior is: Select one: a. Suppliers announce price reduction. b. Supply shortages stimulate small lot size production. c. Perceived shortage causes buyers to inflate orders. d. Suppliers increa
Answers
Answer:
c. Perceived shortage causes buyers to inflate orders.
Explanation:
The bullwhip effect phenomenon is when the demand forecasts of buyers of a product results in supply inefficiencies.
Demand and supply are related in that an increase in supply results in lower prices of goods and demand rises, and vice versa.
In the bullwhip phenomenon available inventory of a product varies on the basis of demand.
For example an increase in perceived demand for a product will result in an increase in inventory from the supplier and price goes down.
On the other hand when there is a perceived shortage of a product buyers will tend to inflate orders and price will eventually rise
g Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in 2020, $120,300 of which is ordinary income and $49,000 of which is taxed at a 15% preferential rate. Compute their tax savings from the preferential rate.
Answers
Answer:
$5,860
Explanation:
Computation for their tax savings from the preferential rate
First step is to calculate their tax liability
Using this formula
Tax liability =[Tax amount on $169,300 ordinary income-(Tax Amount on $120,300 ordinary income +Tax amount on $49,000 preferential income)]
Let plug in the formula
Tax Savings=[$35,648-($22,438+$7,350)]
Tax Savings=$35,648-$29,788
Tax Savings=$5,860
Therefore their tax savings from the preferential rate is $5,860
Who creates supply in a capitalist society?
O the seller
O the buyer
O the president
O government
Answers
Answer:
President
Explanation:
The president because they are the ones protecting the country
_____________ planning focuses on delivering products or services to consumers as well as warehousing, delivering, invoicing, and payment collection.
Answers
Answer:
Distribution
Explanation:
Distribution is one of the phases in production. It is often said that production is not complete until goods and services gets to the final consumers. Distribution planning entails getting the goods produced to consumers as well as warehousing them. It also entails delivery, invoicing and payment collections.
As the last chain in production processes, distribution planning makes goods and services produced gets to the final consumes whilst also taking care of the logistics involved and payment collections.
On January 1, Tundo Company borrowed $190,000 to purchase machinery and agreed to pay 8% interest for six years on an installment note requiring equal payments that are due on the last day of the year. What is the carrying value of the loan at the end of the first year (requires use of present value tables)
Answers
Answer: $164,100
Explanation:
Based on the information given, the carrying value of the loan at the end of the first year will be calculated thus:
First, we'll calculate the annual equal installments which will be:
= $190,000 / [1 - (1 + 8%)^-6 / 8%]
= $190,000 / [1 - (1+0.08)^-6) /0.08]
=$41100.
Then, the interest epense for the first year will be:
= $190,000 × 8%
= $190000 × 0.08
= $15,200
The reduction in the principal amount with from borrowing will be:
= $41100 - $15,200
= $25,900
Therefore, the carrying value of the loan at end of first year will be:
= $190,000 - $25,900
= $164,100
4. Suppose that the exchange rate adjusts so that interest-rate parity holds. Further, suppose the interest rate on a one-year South Koran bond is 6 percent and the interest rate on a one-year U.S. bond is 2 percent. a) If you expect the exchange rate in one year to be 1,100 South Korean won per USD, what is the exchange rate today
Answers
Answer:
The exchange rate today is 1,058.5
Explanation:
Interest rate on 1 year South Korean bond = 6% or 0.06
Interest rate on 1 year U.S. bond = 2% or 0.02
Expected Exchange rate in 1 year = 1,100 South Korean won per USD. Let the Exchange rate today = x
[(Interest rate on South Korean bond - Interest rate on U.S. bond)/(1 + Interest rate on 1 year U.S. bond)] + 1 = (Expected Exchange rate in 1 year)/(Expected Exchange rate today)
[(0.06 - 0.02)/(1 + 0.02)] + 1 = 1,100/x
x = [0.04/1.02] + 1 = 1,100/x
x = 1,100/1.0392
x = 1,058.50
So therefore, the exchange rate today is 1,058.5
Waterpark Co. had a decrease in deferred tax liability of $38 million, a decrease in deferred tax assets of $28 million, and an increase in tax payable of $118 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was: Group of answer choices
Answers
Answer:
the total income tax expense is $208 million
Explanation:
The computation of the total income tax expense for the year is shown below;
Income tax expense = Increase in tax payable + decrease in deferred tax assets - decrease in deferred tax liability
= $118 million + $128 million - $38 million
= $208 million
Hence, the total income tax expense is $208 million
Which of these are considered both short- and long-term investments? Select four options.
CDs
stocks
savings accounts
mutual funds
bonds
commodities
Edge answers please
Answers
Answer:
CDs
Stocks
Mutual funds
Commodities
Explanation:
:)
'Investments' are defined as the 'process of allocating money having an aim of receiving a profit.'
The items that can be considered as both the short, as well as, long-term investments would be:
A). CDs
B). Stocks
C). Mutual funds
E). Commodities
A CD or Certificate of Deposit(CD) is characterized as both the 'short, as well as, long-term' investment because it provides interest and offers a lump-sum on its maturity. Stocks are also such an investment as it offers both intra-day trade and long-term holding options as well. Mutual funds are also a good option for generating both regular incomes in the short-term and big capital gain over a time period. Commodities like gold, crude oil, etc. also offer such an option as it is the item whose price keeps growing and thereby providing an opportunity to earn.Thus, options A, B, C, and E are the correct answers.
Learn more about 'short-term investment' here:
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Sonia creates tests for judging product safety and advises companies about how to reduce harm from use or misuse of the product. What is her career?
a) Environmental Restoration Planner
b) Non-Deductive Testing Specialist
c) Materials Engineer
d) Product Safety Engineer
Answers
Answer:
D) Product safety Engineer
Explanation:
Farmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. Merchants Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks? a. 1.56% b. 1.30% c. 0.72% d. 0.91% e. 1.09%
Answers
Answer: d. 0.91%
Explanation:
Farmers Bank
Effective annual rate is calculated with the formula:
= (1 + Rate / number of compounding period in a year) ^ number of compounding periods in a year - 1
= ( 1 + 5%/4 quarters) ⁴ - 1
= 5.09%
Merchants bank's rate is already an annual figure so there is no need for conversion.
Difference is:
= 6% - 5.09%
= 0.91%
the authors cited statistical evidence that the price elasticity of demand for royal crown cola is -2.4, and the price elasticity of demand for coke is roughly -5.5. Which firm likely has stronger brand loyalty among customers that provides greater potential for monopoly power in the cola market
Answers
Answer:
royal crown cola
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
both companies have an elastic demand because their coefficient of elasticities is greater than 1. Coke has a higher elasticity as a result, consumers would respond sharply to changes in price. this makes them enjoy less brand loyalty when compared with royal crown cola that has a lower elasticity of demand
True or False ?
Classifying authority and power is part of the organization process and structure.
Answers
The Federal Open Market Committee a. by law must focus on maintaining low inflation rather than stabilizing output. b. by law must follow a mechanical rule that takes into account deviations of unemployment from its natural rate and deviations of inflation from a target. c. operates with almost complete discretion over monetary policy. d. by law must focus on stabilizing output rather than maintaining low inflation.
Answers
Answer:
c. operates with almost complete discretion over monetary policy.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).
The FOMC are typically responsible for making monetary policy and the determination of the direction of the monetary policy in the United States of America.
Hence, the Federal Open Market Committee (FOMC) are saddled with the responsibility to operate with almost complete discretion of its members over monetary policy in a particular country.
WILL GIVE BRAINLIEST PLS ANSWER
Kato is getting ready to sign a complicated contract at work. What is the BEST advice for him?
A.
Obtain an exact copy of the contract at the time it is signed.
B.
Don’t waste everyone’s time by reading every single word.
C.
Lawyers are not helpful when dealing with contracts.
D.
Leave blank spaces empty, as they will be filled in after you sign the contract.
Answers
The best advice for Kato while signing the contract at work is to obtain an exact copy of the contract at the time it is signed. Thus the correct answer is A.
What is the contract?A contract refers to an agreement chosen by giving an offer and acceptance by both the parties involved with the enforceability of law.
When Kato is getting ready to sign a challenging contract at work, he should make sure to get an exact copy of the document. This helps him to keep evidence so that he can utilize it in future references.
The exact copy of the contract helps him to remember things clearly by revising at home.
Therefore, option A is appropriate.
Learn more about the contract, here:
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On June 1, 20X1, Conner Company, a new firm, paid $4,300 rent in advance for a five-month period. The $4,300 was debited to the Prepaid Rent account. On June 1, 20X1, the firm bought supplies for $7,250. The $7,250 was debited to the Supplies account. An inventory of supplies at the end of June showed that items costing $2,950 were on hand. On June 1, 20X1, the firm bought equipment costing $44,160. The equipment has an expected useful life of 8 years and no salvage value. The firm will use the straight-line method of depreciation. Prepare end-of-June adjusting entries for Conner Company.
Answers
Answer:
No Account and explanation Debit Credit
1. Rent expense ($4,300/5) $860
Prepaid rent $860
(To record adjusted rent expense)
2. Supplies expense (7,250-2,950) $4,300
Supplies $4,300
(To record adjusted supplies)
3. Depreciation expense $460
[(44,160/8)/12]
Accumulated depreciation $460
(To record depreciation)
Young Company has the following assets and liabilities: Assets Cash $35,000 Accounts receivable 15,000 Inventory 30,000 Equipment 50,000 Liabilities Current portion of long-term debt $10,000 Accounts payable 2,000 Long-term debt 25,000 Determine the quick ratio (rounded to one decimal point).
Answers
Answer: 4.2
Explanation:
The quick ratio will be calculated as:
= Current assets / Current liabilities
where,
Current asset = Cash + Account receivable = $35000 + $15000 = $50000
Current liabilities = Long term debt + Account payable = $10000 + $2000 = $12000
Quick ratio = Current assets / Current liabilities
= $50000 / $12000
= 4.2
John Company could buy a machine that costs $72,000. It is estimated that it earn nothing until year five, then earn $150,000 in year 5. If the discount figures are .567 for cash received at the end of five years and 3.605 for payments received every year for five years, what is the net present value for this machine
Answers
Answer:
$13,050
Explanation:
Net present value is a method of capital budgeting.
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Net present value = (cash flow in year 5 x year 5 discount rate) - Initial Investment
($150,000 x 0.567) - $72,000
85,050 - $72,000 = $13,050
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard deviation of 16%. B has an expected rate of return of 8% and a standard deviation of 12%. The risk-free portfolio that can be formed with the two securities will earn a(n) _____ rate of return.
Answers
ILL GIVE BRAINLIEST Jessie has been renting for several years and although many of his friends have purchased a home, Jessie believes renting is best for him. What is one advantage Jessie receives from renting? *
A. privacy
B. tax deductions received
C. greater flexibility in moving
D. ability to make permanent changes to his apartment
Answers
Answer:
B and D
Explanation:
Answer:
maybe it is c greater flexibility in moving
or none of them are that much profit
The Beranek Company, whose stock price is now $30, needs to raise $13 million in common stock. Underwriters have informed the firm's management that they must price the new issue to the public at $25 per share because of signaling effects. The underwriters' compensation will be 6% of the issue price, so Beranek will net $23.50 per share. The firm will also incur expenses in the amount of $165,000. How many shares must the firm sell to net $13 million after underwriting and flotation expenses
Answers
Answer:
858,085 shares must be sold
Explanation:
Net amount to be raised $ 13,000,000
Add: floatation expenses 165,000
Amount to be available after
payment of underwriting compensation 20,165,000
No of shares to be issued at 23.50 $ = 20,165,000/23.50 = shares, rounded off to 858,085 shares.
858,085 shares must be sold
organizing can be defined as
Answers
Organizing simply refers to the execution of plans, by assigning jobs as well as the successful deployment of resources for a specific result/aim/goal.
Feel free to mark as brainliest :D
Two managers in the research and development department of a company disagree on whether their organization should outsource development of a new product or staff it internally. This is an example of _______ conflict.
Answers
Answer:
Intragroup.
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
In this scenario, two managers in the same department of a company disagree on whether to outsource the development of a new product or staff it internally. Thus, this is an example of intragroup conflict because its happening within the same department of an organization having common goals and interests.
An intragroup conflict can be defined as a type of conflict that arises between individuals belonging to the same team or group.
Joelle, a designer for a business
Answers
Answer:
that's really nice to hear but is this suppose to be an English assignment?
In a proposal to install and monitor a security system statements such as "our company has over 25 years of experience" should appear in what section
Introduction
Body
Closing
Appendix