The true statement in regard to performance measurement's role in operations strategy is 2: "Performance measures communicate strategic intentions to the operations personnel".
Performance measures are metrics used to evaluate the efficiency and effectiveness of operations, processes, and activities in an organization. They provide data and insights into how well the organization is achieving its goals and objectives, and help to identify areas for improvement. Examples of performance measures include production rates, cycle time, product quality, customer satisfaction, and costs.
In regard to operations strategy, performance measures provide strategic intentions to operations personnel.
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Ben and Carla Covington plan to buy a condominium. They will obtain a $226,000, 20-year mortgage at 7.0 percent. Their annual property taxes are expected to be $1,100. Property insurance is $660 a year, and the condo association fee is $220 a month. Based on these items, determine the total monthly housing payment for the Covingtons. Use Exhibit 7-7. (Round your intermediate calculations and final answer to 2 decimal places.)
According to the given data, the Covingtons' total monthly housing payment is $1,744.30.
What is payment?Payment is the exchange of monetary products, or services for did agree amounts of accepted products and services from all involved parties. The exchange of services can be used as payment, along with cash, checks, wire transfers, credit cards, debit cards, and cryptocurrencies.
The following factors must be taken into account when determining the Covingtons' total monthly housing payment:
mortgage remittance:
The following calculation can be used to get the monthly mortgage payment:
P is equal to (r(1 + r) / (((1 + r) - 1)). * L\swhere:
P = a recurring payment
(7% over 12 months = 0.00583333)r = monthly interest rate
(20 years times 12 months = 240 payments)
L = $226,00 loan amount
P = (0.00583333 * (1 + 0.00583333)240) / (((1 + 0.00583333)240) - 1) * $226,000 P = $1,377.63 When the numbers are entered, we get:
Real estate taxes
The yearly property tax can be computed by dividing it by 12 months to get the monthly property tax.
$1,100 ÷ 12 = $91.67
Property insurance: The yearly property insurance can be divided by 12 months to determine the monthly property insurance.
$660 ÷ 12 = $55
Condo association charge: The monthly payment of $220 for the condo association fee is already stated in the inquiry.
The total of all payments is $1,377.63 plus $91.67 plus $55 plus $220, which comes to $1,744.30.
Therefore, the Covingtons' total monthly housing payment is $1,744.30.
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Chad Jones is the sole owner and manager of Jones Glass Repair Shop. Jones purchased a truck, to be used in the business, for its market value of $35,000. Which of the following fundamentals requires Jones to record the truck at the price paid to buy it?
a. Separate-entity assumption
b. Revenue principle
c. Stable monetary unit assumption
d. Historical cost principle
To record the truck at the price paid to buy it Jones required historical cost principle.
What is historical cost principle?Under US GAAP, the historical cost principle is a fundamental accounting principle. Most assets must be recorded on the balance sheet at their historical cost under the historical cost principle, even if their value has significantly increased over time. All assets are not held at their historical cost.The historical cost principle is useful because it enables businesses to track the value of their assets over time, even if that value changes. This principle helps to ensure that companies do not inflate their financial statements by taking advantage of changing market values.The historical cost concept treats an asset's original cost basis as its balance-sheet carrying value.To learn more about historical cost principle refer to :
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Which of the following terms is defined as the attempt to measure, in objective terms, the impact and effectiveness of human resource management (HRM) practices in terms of metrics such as a firm's financial performance?
a. Job analysis
b. Utility analysis
c. Market basket analysis
d. Open-book management
b. Utility analysis, Utility analysis is the process of attempting to quantify the impact and efficacy of human resource management (HRM) policies using indicators like a company's financial performance.
Utility analysis is the process of attempting to quantify the influence and efficacy of human resource management (HRM) practises using indicators like a company's financial performance. The value and contribution of HRM practises to a firm's overall financial performance and success are evaluated using utility analysis. This strategy aims to quantify the financial effects of HRM procedures, including hiring and firing, training and development, pay and benefits, and so on, and to evaluate their worth in terms of the bottom line of the business. Organizations may more efficiently allocate resources and make more informed decisions about their human resource management strategy by analysing the financial impact of HRM activities.
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We can think of equity as a degree of ownership in any asset after subtracting all debts associated with that asset. shareholder equity is calculated as total equity minus total liabilities
Shareholder equity is a financial statistic that shows a company's remaining ownership stake.Also, its assets after obligations have been removed.
It is the amount of assets accessible to shareholders in the case of a liquidation. The difference between total assets and total liabilities is used to determine shareholder equity. It shows shareholder contributions in the form of investments and cumulative earnings throughout time.
The number for shareholder equity is an important measure of a company's financial health and stability. A high level of shareholder equity is a good indicator of a company's capacity to create profits, pay dividends, and weather economic downturns.
A low amount of shareholder equity may suggest a higher level of financial risk for the firm and its shareholders.
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demand curves slope downward because, other things equal, multiple choice 2 a decrease in a product's price raises mu per dollar and makes consumers wish to purchase more units. a decrease in a product's price lowers mu. an increase in a product's price raises mu per dollar and makes consumers wish to purchase more units. an increase in a product's price lowers mu.
Demand curves slope downward because, other things equal, a decrease in a product's price raises MU per dollar and makes consumers wish to purchase more units. Thus, option A is correct.
What is Demand curves slope?The relationship between a commodity's price and the quantity demanded is represented graphically by a demand curve. A demand curve displays the price on the left axis and the quantity demanded on the right.
Given that the demand curve is a graphical representation of the demand schedule, it is also sometimes referred to as the demand schedule. They could be either straight or curved.
The negative slope of the demand curve is the result of such an inverse relationship between price and quantity demanded. Additionally, the downward slope of the demand curve emphasises the asymmetry between price and quantity demanded.
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Dietrick Corporation produces and sells two products. Data concerning those products for the most recent month appear below: Product B32L Product K84B Sales $ 46,000 $ 27,000 Variable expenses $ 13,800 $ 14,670 Fixed expenses for the entire company were $42,550. If the sales mix were to shift toward Product B32L with total sales remaining constant, the overall break-even point for the entire company: would not change. would increase. could increase or decrease. would decrease.
The overall break-even point for the entire company would decrease.
The break-even point is where total cost and revenue become equal, meaning there is no gain or loss for your small business. In other words, a business has reached the level of production at which the costs of production become equal to the revenues for a product.
In the context of the given questin, the break-even point would decrease in the case the sales mix had to shift toward 'Product B32L' with total sales remaining constant.
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Kathy Myers frequently purchases shares and bonds, but she is uncertain how to determine the rate of return that she is earning. For example, five years ago she paid $153,000 for 900 common shares of Malti Company. She received a $3,060 cash dividend on the shares at the end of each year for five years. At the end of five years, she sold the shares for $198,900. Kathy would like to earn a return of at least 8% on all of her investments. She is not sure whether the Malti Company shares provided a 8% return and would like some help with the necessary computations.
Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables.
Required:
Determine the net present value. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.)
Did the Malti Company shares provide a 8% return?
multiple choice
Yes
No
The present value of the first year's dividend = $2,831
The present value of the second year's dividend = $2,624
And so on for the next three years
The present value of the sale price of the shares = $162,093
How did we get the values?To determine the net present value, we need to calculate the present value of the cash inflows (dividends and the sale price of the shares) and subtract the present value of the outflow (the initial investment).
Dividends:
The present value of the first year's dividend can be calculated as follows: $3,060 / (1 + 0.08)^1 = $2,831
The present value of the second year's dividend can be calculated as follows: $3,060 / (1 + 0.08)^2 = $2,624
And so on for the next three years.
Sale price of shares:
The present value of the sale price of the shares can be calculated as follows: $198,900 / (1 + 0.08)^5 = $162,093
Investment:
The present value of the investment can be calculated as follows: $153,000
Net Present Value (NPV):
NPV = sum of present value of cash inflows - present value of outflow
= $2,831 + $2,624 + $2,428 + $2,239 + $2,058 + $162,093 - $153,000
= $17,183
Since NPV is positive, it means that the investment generated a return greater than 8%. So, the answer is "Yes, the Malti Company shares provided a 8% return".
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What is the equation?
Two expressions joined by an equal sign form a mathematical statement known as an equation.
What is the use of equations in real life?It can be applied to address issues related to aging. It is used to figure out how fast, how far, and how long something is moving. Problems involving geometry can be resolved. It is employed to solve problems involving money and percentages.
Mathematical equations with two expressions on either side of the "equal to" sign are referred to as simple equations. This type of equation consists of a variable, which is typically represented by x or y. Rearranging is frequently necessary to solve simple equations.
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