Broadway Inc is a leading automobile manufacturer. To achieve customer satisfaction, during the process of producing a product or service, its management continuously gathers information needed by internal customers for process control activities to ensure that the product or service is meeting the critical to quality parameters. The management of Broadway Inc is said to be following the _____
methodology.
a. Six Sigma
b. ISO 9000:2000
c. Baldrige Award Criteria
d. Deming
a
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State the section(s) of the statement of cash flows prepared by the indirect method (operating activities, investingactivities, financing activities, or not reported) and the amount that would be reported for each of the followingtransactions: (a)
Received $120,000 from the sale of land costing $70,000. (b) Purchased investments for $75,000. (c) Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beginningof the year, and $6,000 were payable at the end of the year. (d) Acquired equipment for $64,000 cash. (e) Declared and issued 100 shares of $20 par common stock as a stock dividend, when themarket price of the stock was $32 a share. (f) Recognized depreciation for the year, $37,000. (g) Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash. (h) Issued $500,000 of 20-year, 10% bonds payable at 99. (i) Borrowed $43,000 from Regional Bank, issuing a 5-year, 8% note for that amount.
Which inventory cost flow method assigns the cost of the most recent items purchased to cost of goods sold?
A) Specific identification B) Weighted average C) FIFO D) LIFO
In the closing of a persuasive request, your goal is to prove the merit of your request
Indicate whether the statement is true or false
Which of the following statements best explains the correct handling of depreciation on the statement of cash flows when using the indirect method?
A. Depreciation expense is a noncash expense that is added to net income to derive cash flows from operating activities. B. Depreciation is subtracted in the cash flows from investing activities section because it reduces the book value of the corresponding plant asset. C. Depreciation adds to the company's Cash account to help pay for new equipment. D. Depreciation is subtracted from net income because it causes a loss when the related plant asset is sold.