Describe how quality control affects the triple bottom line
What will be an ideal response?
Quality control ensures that every step of the production process is offering quality output, and in the long run, this saves companies time, money, and other resources, thereby increasing profit. A focus on total quality control and total quality service leads to happier employees who have a positive attitude with regard to their work. Finally, Some ISO standards specifically address a company's environmental management and assess and minimize an organization's carbon footprint.
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Employees earn $6,000 per day, work five days per week, Monday through Friday, and get paid every Friday. If the previous payday was January 26 and the accounting period ends on January 31, what amount is the ending balance in the wages payable account?
a. $18,000 b. $6,000 c. $30,000 d. None of these choices.
In making your personal risk management decisions, which method would be the most feasible and the most economical for handling chipped windshields on your automobile?
A) Avoid (don't drive) B) Retain (pay for them yourself) C) Insure (file a claim under your auto insurance) D) Expose (remove your windshield from your car)
Hoder Corporation manufactures numerous products, one of which is called Gamma45. The company has provided the following data about this product: Unit sales (a) 60,000 Selling price per unit$41.00 Variable cost per unit 29.00 Contribution margin per unit (b)$12.00 Total contribution margin (a) × (b)$720,000 Traceable fixed expense 680,000 Net operating income$40,000 ?Assume that the total traceable fixed expense does not change. How many units of product Gamma45 would Hoder need to sell at a price of $38.95 to earn the same net operating income that it currently earns at a price of $41.00? (Round your answer up to the nearest whole number.)
A. 68,342 B. 72,362 C. 56,667 D. 66,000
Add the following numbers: 7,862 + 813 + 1,320 + 275
A) 10,160 B) 9,270 C) 10,270 D) 11,170