Tqm stands for? total quality management. transforming quality management. total quality manipulation. thomas quinn mann, a famous data quality innovator.

As a direct result of the strategic planning process at ADA inc. They stopped its production of oral care goods after determining apparel production to be its new primary objective. In general, strategic planning is a planning process that applies in the organization in order to understand the goals, directions, and decisions to get good results and according to targets. Usually this strategic plan has the goal of managing or managing all resources in the organization or company as well as possible to get the desired results.

Strategic planning is considered as the main thing in business growth if you want to be successful. The preparation of strategic plans makes the company always ready to face challenges and changes. Not only that, businesses can also seize the opportunities that exist as best they can. The strategic plan itself is a document used to communicate with the organization and its objectives. All strategic plans made in the strategic plan must include an action plan that is able to realize these goals by considering other important business aspects.

#SPJ4

The appropriate journal entry to record this transaction is Debit cash/ credit capital stock. Simply put, you debit an asset or expense account and credit accounts payable when you record a bill or invoice. You debit accounts payable and credit cash when you pay the invoice.

Accounts Payable vs. Accounts Receivable

Basically, accounts payable, or AP, is the sum of money that a company owes to suppliers or other creditors. Accounts receivable, usually known as AR, is the term used to describe unpaid invoices for goods or services that customers owe you money for. As a result, each transaction generates accounts payable and receivable for the buyer and the seller, respectively. Accounts payable, which represents money owing, is seen as a current obligation in accounting.

To know more about  Accounts Receivable , visit : https://brainly.com/question/24848903

#SPJ4

Many firms benefit from an increasing ability to outsource manufacturing or service functions to lower-cost foreign countries. This trend is referred to in the textbook as a(n) Business trend.

You may forecast where your existing business operations and practises will lead you with the aid of trend analysis, which enables you to comprehend how your company has fared. If you do it well, it will inspire you with suggestions for how you might alter your operations in order to steer your company in the right path.

A broad modification in the direction that business is going: The next wave of employment creation is unknown to economists in terms of the specific business trend.

Financial market trends, like those of the NASDAQ or the New York Stock Exchange, are frequently considered to be synonymous with the phrase "business trend." These patterns might also be connected to the performance of stock market indices like the Dow Jones Industrial Average or the Standard and Poor's 500.

To learn more about business trend visit:

https://brainly.com/question/7121152

#SPJ4

No, the company must take into consideration the volatility of short-term rates.

An important indicator of the direction of future short-term interest rates is the yield curve's slope; a curve that slopes upward typically suggests that the financial markets anticipate higher rates in the future, while a curve that slopes downward typically reflects lower expectations.

The rates at which short-term loans are made between financial institutions or the rates at which short-term government paper is issued or traded on the market are known as short-term interest rates. The average daily rates expressed as a percentage, make up most short-term interest rates.

To learn more about short-term rates

https://brainly.com/question/26527161

#SPJ4

Each person’s production possibilities frontier also conveys his or her consumption possibilities when they choose not to trade with one another.

Customers can choose what they want to buy. Their financial situation and the cost of goods and services will influence their decision-making. Budget line displays different product combinations that can be bought using a certain amount of money and knowledge of the pricing of the products.

When people begin trading with one another, a feeling of competitiveness develops. One may occasionally do better than the other. If the two have business ties, competitiveness will become a terrible habit since one person may feel envious of the other's accomplishments. This breeds envy, which may breed even more animosity.

In the modern world, if there are two people and their respective production frontiers indicate their respective consuming potential solely in the absence of trade between them. The best course of action in this situation is self-reliance because trading with another person is useless. They can instead eat everything they create. Since there won't be a third party to make a decision, the complexity is further increased.

Hence,  Each person’s production possibilities frontier also conveys his or her consumption possibilities when they choose not to trade with one another.

The complete question is,

Suppose there are only two people in the world. Each person’s production possibilities frontier also represents his or her consumption possibilities when a. neither person faces trade-offs. b. the frontiers are straight lines. c. the frontiers are bowed out. d. they choose not to trade with one another.

To learn more about consumption possibilities refer to:

https://brainly.com/question/14672090

#SPJ4

Lorna makes an advance rent payment of $36,000 on January 1. These are the outcomes of this transaction. decreasing cash and increasing rent.

Cash in economics refers to currency in its actual, physical form, such as coins and banknotes.

Cash is defined in bookkeeping and financial accounting as current assets made up of money or money equivalents that may be obtained instantly or almost immediately (as in the case of money market accounts). Cash is viewed as a tool to either prevent a decline in the financial markets or as a reserve for payments, in the event of a structural or accidental negative cash flow.

To know more about cash

https://brainly.com/question/24373500

#SPJ4

The length of the cash conversion cycle is 74.54 days.

Given here, the accounts receivable turnover rate is 17.6.

First , we have to calculate the Days sales outstanding with the formula Days sales outstanding(DSO) = 365/Account receivable turnover

                                                 = 365/17.6

                                                 = 20.74days.

Now we have to calculate the cash conversion cycle, with the formula Cash conversion cycle= DSO + DIO - DPO (DSO=Days sales outstanding, DIO = days inventory outstanding, DPO= days payables outstanding) .                

                                                 = 20.74+94.2-40.4

          Cash conversion cycle = 74.54 Days.

The period (in days) it takes for a business to convert its investments in inventory and other resources into cash flows from sales is known as the cash conversion cycle (CCC). Cash Cycle, aims to quantify the length of time that each net input dollar spends in the production and sales cycle before it is turned into received cash. The CCC is one of a number of quantitative metrics that are used to assess how effectively a company's operations and management are conducted.

Rising CCC numbers should prompt more research and analysis based on other criteria, whereas declining or stable CCC values over several periods are a healthy sign. Keep in mind that the CCC only applies to certain industries that depend on inventory management and related activities.

To learn more about cash conversion cycle, refer this link.

https://brainly.com/question/19595232

#SPJ4

The practice of hypothesizing, testing, and validating to create a business model is called B. evidence-based entrepreneurship.

This is by far the best method to engage in entrepreneurship because it calls for one to use evidence based methods to come up with a viable business model.

These evidence-based methods include things like hypothesizing, testing, and validating. This best helps the entrepreneur to find out which model works best for them.

Options for this question include:

Find out more on entrepreneurship at https://brainly.com/question/13628349

#SPJ1

The problem is a false statement, if the demand for a product increases, the price will always increase.

What is shift in both supply and demand?

Demand and supply curves may shift to the left or the right. If the quantity of a product is required grows, it is likely that the price of that product will fall, shifting the demand curve to the right. The quantity supplied will decline as prices fall, shifting the supply curve to the left.

The shifts in both the supply and demand curves are roughly equal when the increase in demand is equal to the reduction in supply. In reality, the equilibrium quantity stays constant while the equilibrium price increases.

Therefore,

In a scenario where we expect a shift in both supply and demand, if the demand for a product increases, the price will always increase. True or false?

The problem is a false statement.

To learn more about shift in both supply and demand from the given link:
https://brainly.com/question/14389373

#SPJ4

Suppose the inverse demand function is:p = 12 - 4q, and cost is given by c(q) = 4q.the profit-maximizing price equals $ Given,  c(Q) = 4Q  MC (Marginal Cost) = c(Q) / Q => MC = 4 P = 12 - 4Q  TR.

The price is a function of the quantity required when the demand curve is inverse. In other words, the inverse of a demand curve, changes in the quantity required cause variations in price levels.

By operating where its marginal income for each country equals the company's marginal cost, the price-discriminating monopoly maximizes its profit. Therefore, MRUS = MC = MRJ, which means that the marginal revenues for the two nations are equal.

The quantity demanded and the quantity delivered are equal (Qs = Qd). The market is open. If the market price (P) is greater than $6, for instance, P=8, Qs=30, and Qd=10 (where Qd = Qs). The market is unclear since there are extra supplies because Qs exceeds Qd.

As an illustration, consider the demand equation Qd = f(P; Prg, Y), where Qd denotes the quantity of a good wanted, P denotes the good's price, Prg denotes the price of a related good, and Y denotes income. The function on the right side of the equation is referred to as the demand function.

To Know more about demand curve

https://brainly.com/question/1915798

#SPJ4

Companies are required by the Sarbanes- Oxley Act to have their internal audit methods evaluated at least annually.

An independent, objective assurance and consulting activity meant to add," is what internal audit technique is. operations of an organization are valued and improved. It benefits a company. achieve its goals by applying a methodical, disciplined approach to. Analyze and boost the efficiency of risk control and management

The audit is thought to be a crucial step in fostering the market's much-needed trust. It aids in proving that there are no significant inaccuracies in the company's financial accounts and that there has been no fraud of any kind committed against the organization.

To know more about internal audit methods

https://brainly.com/question/20713734

#SPJ4

Jill's percentage increase in salary is 5.25 %.

The percentage is a  ratio expressed as a term of 100. Often represented by the percent sign percent. Latin expressions came to English in the 16th century. It was later abbreviated to percent. Ultimately the period was removed and the two parts were combined to produce the modern percent of his one-word form.

Percentages are part of whole numbers and are expressed as numbers from 0 to 100, not fractions. Everything is 100%, half of it is 50%, and nothing is 0%. To determine percentages, divide part of the whole by itself and multiply by 100. Percentages can be calculated by dividing the value by the total and multiplying the result by 100.

Jill's salary in 2013 = $42,650.

Jill's salary in 2014 = $44,890

Difference in salary =  $44,890 -  $42,650.

                                 = $ 2240

Let the percentage increase in her salary is X.

The percentage increase in her salary is $42,650 × X%

                    $42,650 × X%   = $ 2240

                        X =  ( $ 2240 / $42,650  ) × 100

                            = 5.25 %

Learn more about percent here:-https://brainly.com/question/24304697

#SPJ4

Kroger grocery stores have an in-house brand for many products, including butter, ice cream, salad dressing, and cheese,. this is an example of: A line filling Strategy

Line-filling tactics entail adding more goods to an existing product line in order to capitalize on market inefficiencies and lessen competition. Many companies use line filling to complete an already comprehensive product line and to boost the commercial success of new, closely related products.

the act of expanding a product line with new items to make it more comprehensive: Having a full line requires having everything from a calls-only phone to a smart phone that can compete with a netbook in terms of performance.

To learn more about product line filling strategies from given link

https://brainly.com/question/14308690

#SPJ4

Because the supply of capital is highly elastic, taxing the income from capital results in  i, ii, and iii

The elasticity of Supply: Price elasticity of supply gauges how responsively an item or service's supply responds to changes in its market price.

Because the supply of capital is highly elastic, taxing the income from capital results in  i, ii, and iii

Complete Question: Because the supply of capital is highly elastic, taxing the income from capital results in?

i. firms that demand capital paying the greater share of the tax.

ii. a decrease in the equilibrium quantity of capital.

iii. a deadweight loss.

A) i only

B) ii only

C) i and iii

D) ii and iii

E) i, ii, and iii

To learn more about Elasticity of Supply, visit the following link:

https://brainly.com/question/8729849

#SPJ4

When the product or service related to an unearned revenue is delivered, the earned portion of the unearned revenue is transferred to a revenue account.

A revenue account  can be described as the  account  that has  credit balance, this usually encompass all the revenue receipts  which is been regarded as the current receipts of the government.

It should be noted that the  receipts include tax revenues as well as  other revenues of the government, hence When the product or service related to an unearned revenue is delivered, the earned portion of the unearned revenue is transferred to a revenue account.

Find out more on revenue account at https://brainly.com/question/25623677

#SPJ1

He needs to keep up with his financial strategy. He needs to keep reevaluating and amending his strategy.

A financial strategy lays forth a specific plan for how you want to use your money.

It can cover everything from short-term objectives like saving money for a new computer in three years to long-term objectives like how much you'd need to save to retire at 65.

Additionally, it's critical to have a financial strategy because it may keep you on track and enable you to make wiser financial decisions.

For all organizations to be able to plan their financial future, financing plans are essential. You can work toward establishing definite goals and building a financially solid business organization with the help of a financing strategy. It takes into account your financial situation at the moment, your financial goals, and the most effective ways to reach those goals.

Thus, Financial planning is extremely important and should be done properly to maximize our wealth.

For more information on Financial Strategies, refer to the given link:

https://brainly.com/question/1022462

#SPJ4

The venture capital firm is one financial intermediary in our financial system that aids in lowering the moral hazard that results from the principal-agent issue.

A form of private equity and financing offered by investors to start-up companies and small businesses with the potential for long-term growth is known as venture capital (VC). The majority of venture capital is often provided by wealthy individuals, investment banks, and other financial organizations.

However, it doesn't always take the shape of cash; it might also be in the form of technical or management expertise. Startups with exceptional growth potential or companies that have experienced rapid growth and appear to be in a strong position to continue growing frequently receive venture capital.

Learn more about venture capital firm https://brainly.com/question/28346757

#SPJ4

The difference between the entries to record depreciation on office equipment and depreciation on factory equipment is that one: debits Depreciation expense, while the other debits MOH

What is difference between depreciation of office equipment and factory equipment?

It should be noted that factory equipment is asset that is used in the factory, which means that its depreciation should be shown under the manufacturing overhead(MOH) even though does not reflect directly in the goods manufactured, needs to be incurred to in course of manufacturing.

However, for the depreciation on office equipment which is an administrative asset, the accumulated depreciation on office equipment is credited(a contra account in the balance sheet) such that the depreciation expense is debited in the income statement, in essence, one relates to production and the other to administration.

Find out more about depreciation expense on:brainly.com/question/15697260
#SPJ1

PV = $2,242.96

The present value of an ordinary annuity of $500 a year for 6 years assuming an interest rate of 9% is $2,242.96

The fee that a lender assesses on a borrower is known as the interest rate, which is expressed as a percentage of the principal, or the loaned amount. Usually, the annual percentage rate (APR), which is how loans' interest rates are expressed, is noted (APR).

In its simplest form, interest is a charge imposed on the borrower for using a resource. Assets that have been lent include cash, goods, vehicles, and real estate. It is possible to think of higher interest rates as the "cost of money" because they make borrowing the same amount of money more expensive.

The majority of lending and borrowing transactions, therefore, involve interest rates. People take out loans to buy homes, finance initiatives, start or fund businesses, or cover college tuition. Businesses obtain loans to finance capital projects and grow their operations by acquiring long-term and fixed assets like real estate, buildings, and equipment. The repayment of borrowed funds can be made in one lump sum by a specific date or over the course of several payments.

Thus, $2,242.96 is the present value.

For more information on the Interest rates, refer to the given link:

https://brainly.com/question/13324776

#SPJ4

Misrepresenting pertinent policy provisions relating to coverage after a loss is an unfair claim settlement practice.

Pertinent policies are those facts which tend to prove the allegations of the party offering them and those which have no such tendency are called impertinent.

When something is pertinent, it means it is significant. It will have an impact on the decision or the outcome.

Therefore, if the pertinent policy is misrepresented, it becomes an unfair claim settlement practice.

https://brainly.com/question/28474087

#SPJ4

The correct option is (c) life annuity.

The payout increases as the predicted annuity term decreases. The life annuity is the shortest predicted term because it only lasts for the duration of that person's life.

A financial instrument known as a life annuity offers a predetermined periodic payout amount until the annuitant's death. Annuitants purchase a life annuity by paying premiums or a lump amount. In order to complement or provide for retirement income, life annuities are frequently employed.

A joint and last survivor annuity pays the surviving spouse when one person dies; a unit refund annuity gives a lump payment if a person dies early. A life annuity with period certain continues to pay for a set time period if the person dies early.

To know more about Life annuity, visit: https://brainly.com/question/15103837

#SPJ4

Any given risk should be weighed with other risks or lost benefits that can result from attempts to reduce the given risk.

Financially speaking, risk is the possibility that a result or investment won't provide the desired results or return. Risk involves the potential for losing all or a portion of the initial investment. Risk is often quantified by taking past actions and results into account. Standard deviation is a frequent statistic used to measure risk in finance. Overall, it is possible and smart to control investment risks by understanding the fundamentals of risk and how it is assessed. Standard deviation gives a measure of the volatility of asset values in contrast to their historical averages in a certain time frame.

To know more about risk, visit;

https://brainly.com/question/17284407

#SPJ4

the required details "taxation without representation is mentioned below

DEFINITION

The phrase "taxation without representation" refers to being forced by a government to pay a tax without having a vote in its decisions, such as through an elected representative. The Stamp Act, which obliged colonies in what would become the United States to pay duties on printed literature, was approved by the British Parliament in 1765. The issue was that the colonists were denied the ability to choose their Parliamentary representatives. Taxation without representation was one of the colonists' first anti-British catchphrases. Additionally, they started to oppose arbitrary taxes, as seen in the Boston Tea Party.

The expression "taxation without representation" refers to the circumstance of being subject to taxes levied by a government without being included in the decision-making process.

to know more about taxation without representation

https://brainly.com/question/661556

#SPJ4

'In the context of ascertaining the research purpose, the iceberg principle holds that decision makers are aware of only 10 percent of the true business problem.

The Iceberg theory, or abbreviated theory, is a style of writing proposed by the American writer Ernest Hemingway. As a young journalist, Hemingway had to focus his newspaper coverage on the immediate events, with little context or interpretation.

The psychological concept that man's innate desires are also hidden in the subconscious, just like he is 90% of the iceberg under the surface. These desires are usually not met by traditional marketing research and surveys, or by observing current patterns.

Dealing with problems at the event level is often not enough. In many cases the real cause is hidden. The Iceberg Model is a tool that allows you to shift your perspective and look beyond the immediate events that everyone is aware of. It helps clarify the cause behind the occurrence of these events.

Learn more about Iceberg https://brainly.com/question/14494047

#SPJ4

Of the following types, the last objectives that a firm should specify are its Advertising objectives.

Firms are legal entities that work to offer goods and/or services to their customers, government agencies, and other enterprises.

Profit in economics refers to the returns that exceed the opportunity cost. It is also known as the pure profits.

Most businesses' primary goal is to maximize profits. They can reinvest it, increase dividends, reward entrepreneurship, and so forth.

When the marginal cost equals the marginal revenue, profit maximization occurs. When the average cost equals the average income, which is also breakeven, the goal of sales maximization is attained.

When the marginal revenue is equal to zero, revenue maximization happens. The notion of satisficing refers to forsaking earnings in order to please as many essential stakeholders as feasible.

The separation of ownership and control is also known as the Principal-Agent issue.

Of the following, the last objectives that a firm should specify are its _______ objectives .A) marketing objectives.B) promotion objectives.C) company objectives.D) advertising objectives.E) price objectives.

To know more about objectives of organization

https://brainly.com/question/28145077

#SPJ4

According to the information provided, the Marginal Propensity to Save (MPS) of the American is given as 0.1

(a)As we know, Marginal propensity to save=change in savings/change in income. Here,

So, Marginal propensity to save

(b) Tax Multiplier=MPC/(1-MPC)

MPC=1-MPS

=1-0.1

=0.9

Tax multiplier=0.9/0.1 =9

So, Tax Multiplier=9

(c) Given,the government increases the income tax revenues by $100 billion.As we know when government increases the income tax revenues,it affects the households disposable income.

An increase in tax, decreases the disposable income and the consumer spends less and the aggregate demand becomes less.The total possible change in aggregate demand is:

Change in aggregate demand(y)/change in tax(t)=MPC/MPS

y/100=0.9/0.1

y/100=9

$900

Change in aggregate demand=​​​​​​$900

(d) The govemment increases government spending by $200.Aggregate demand increases by $200 billion multiplied by the government expenditure multiplier by the following steps.

The total possible change in aggregate demand:

=>change in aggregate demand (y)/change in government spending (g)=1/MPS

y/200=1/0.1

y=(1/0.1)×200

y=10 ×200

y=$2000

change in aggregate demand=$2000.

Learn more about Marginal Propensity to Save: brainly.com/question/15709251

#SPJ1

The assertion is untrue. In reality, the accountants do not really enter data right away into the financial statements. Thus, the answer is FALSE.

Information is not directly or straightforwardly preserved in the financial statements by the accountants; rather, it is basically maintained in accounts first, from which financial statements are prepared using the data.

There are other intermediary processes in the record-keeping or bookkeeping processes. Also, keep in mind, too, that there are three (3) kinds of financial statements:

Despite the fact that they are all distinct statements, they must all be related. The income statement's revenues and expenses, which determine the company's earnings or losses, must also be influenced by changes in the balance sheet's assets and liabilities.

Learn more about the kind of analytics that is generally used to predict whether a company’s financial statements are fraudulent: https://brainly.com/question/28204582

#SPJ4

This excerpt's main objective is to entertain.

In Rudyard Kipling's endearing tale "The Crab That Played with the Sea," a rebellious crab causes issues. The narrative portrays the universe's maker as a magician.

This passage is from the said story. A literary work's primary goal is often to entertain its audience. To put it another way, a fiction writer always strives to tell a good story that will keep the reader interested.

A writer may write for purposes other than amusement, such as persuasion; however, this was not Kipling's intent when he wrote "The Crab That Played with the Sea," which was primarily designed for the enjoyment of young readers.

To know about 'If' by Rudyard Kipling refer:

https://brainly.com/question/16106580

#SPJ4

'A free market is a market with​ few government restrictions on how a good or service can be produced or sold and with​ few government restrictions on how a factor of production can be employed.

In economics, the free market is an idealized cognitive model of an economic system in which the prices of goods and services are determined by the supply and demand of sellers and buyers. Such market as modeled works without intervention of government or other external agencies.

Economists define a free market as a market in which products are exchanged between willing buyers and sellers. Purchasing food at prices set by farmers is a good example of economic interaction. Paying an employee a monthly salary is another case where economic exchange takes place.

The opposite of a free market economy is a planned, controlled, or command economy. Governments control the means of production and the distribution of wealth, determine the prices of goods and services, and determine the wages received by workers.

Learn more about free market https://brainly.com/question/24519548

#SPJ4

Trade with foreign nations brings in more money for the nation than it expends.

Why is there a trade surplus?

A trade surplus is an economic indicator indicating a favorable trade balance where a nation's exports are more than its imports.

Total Value of Exports minus Total Value of Imports is the trade balance.

When the outcome of the computation above is positive, there is a trade surplus.. It takes place when the outcome of the aforementioned computation is negative and is the opposite of a trade surplus, which denotes a net inflow. The Bureau of Economic Analysis in the US publishes trade balances on a monthly basis.

to know more about trade surplus

https://brainly.com/question/4126723

#SPJ4