what is the purpose of benchmarking? often, benchmarking involves visiting other organizations that have applied the system under consideration. why?
Answers
The purpose of benchmarking is to measure how a proposed system performs relative to the needs of the organization and relative to comparable systems. Visiting other organizations that have adopted the system under consideration may help set realistic expectations.
Benchmarking is the following of comparing business methods and performance metrics to business bests and best practices from alternative companies. Dimensions usually measured are quality, time, and cost. Benchmarking is employed to live performance employing a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure, or defects per unit of measure) leading to a metric of performance that's then compared to others.
Also brought up as "best practice benchmarking" or "process benchmarking", this process is used in management within which organizations evaluate varied aspects of their processes with respect to best-practice companies' processes, sometimes among contemporaries outlined for the purposes of comparison.
Learn more about Benchmarking here: https://brainly.com/question/5561623
#SPJ4
Related Questions
Material requirements plus an allowance for normal inefficiencies are added together to determine the.
Answers
Material requirements plus an allowance for normal inefficiencies are added together to determine the Quantity Standard of a direct material per unit of output.
What is direct material ?The cost of direct materials, which may be easily recognised with the unit of production. In the manufacture of light bulbs, for example, the cost of glass is a direct material cost. Material was required as the primary component in the creation of items or goods.
Direct material refers to the physical components of a product. A baker's direct materials, for example, include flour, eggs, yeast, sugar, oil, and water. The direct materials concept is utilised in cost accounting, where this expense is categorised independently in various types of financial analysis.
Direct materials are those that are essential to the manufacturing process and can be traced back to the specific product manufactured.
To know more about direct material follow the link:
https://brainly.com/question/26245657
#SPJ4
risk of having a dog walking business
25 POINT!
Answers
Answer:
if anything happened to the dogs the people would be responsible
What are the 3 Building Blocks of Debt
Answers
Answer: Earning, saving, and spending
Explanation:
Answer:
The three building blocks of debt are:
EarningSpendingSaving
Which of the following statements is correct? Multiple Choice A transaction that is properly recorded in the cash payments journal will always include the recording of an amount in the Cash Debit column. The entry to record the payment of an invoice within the cash discount period would include a debit to the Purchases Discounts account. The entry to record a cash purchase of merchandise would include a debit to Purchases and a credit to Cash. Purchase discounts is a contra revenue account.
Answers
susan is the owner of a 35-unit apartment complex. she spends 950 hours a year managing the property. in addition, she works part-time for a mortgage company. she spends 1,150 hours a year as a bookkeeper at the mortgage company. the apartment complex generated a loss of $32,000, and susan's adjusted gross income for the current year, before considering the apartment complex, is $48,000. how much of the loss can susan deduct?
Answers
Susan meets both criteria for being a real estate professional, and she may be able to deduct the full amount of the $32,000 loss from the apartment complex against her other income.
To determine how much of the loss Susan can deduct, we need to first determine whether she meets the IRS criteria for being a real estate professional. If she meets this criteria, she may be able to deduct the full amount of the loss. Otherwise, the amount of the loss she can deduct may be limited.
To be considered a real estate professional, Susan must meet two criteria:
More than half of her personal services during the year must be performed in real property trades or businesses in which she materially participates.
She must perform more than 750 hours of services during the year in real property trades or businesses in which she materially participates.
Based on the information provided, we know that Susan spends 950 hours a year managing the apartment complex. However, we do not know if she meets the material participation requirement, which requires her to be involved in the day-to-day operations of the property.
We also know that Susan works part-time as a bookkeeper for a mortgage company, but this work is not considered a real property trade or business, so it is not relevant to the real estate professional determination.
Assuming that Susan meets the material participation requirement, we can calculate the percentage of her personal services that are performed in real property trades or businesses as follows:
Total personal services = 950 hours + 0 hours (bookkeeping) = 950 hours
Real property personal services = 950 hours
Percentage of personal services in real property trades or businesses = 950 / 950 = 1 or 100%
Since Susan's percentage of personal services in real property trades or businesses is 100%, she meets the first criteria for being a real estate professional.
We also know that Susan spends 950 hours managing the apartment complex, which exceeds the 750-hour requirement for the second criteria.
Find out more about real estate professional,
brainly.com/question/15459302
#SPJ4
Type the correct answer in the box. Spell all words correctly.
Which form of marketing do firms use when they market their products to all consumers alike, even when not all of them constitute the target audience?
When firms market their products to all consumers alike, even when not all of them constitute the target audience, they exhibit (___?___) marketing.
Answers
Answer:
Outbound Marketing is the correct answer
Explanation:
Answer:
outbound marketing - I just took the test this is correct
Explanation:
What do most businesses use to store information for future use?
Answers
Answer:
Flash Memory Thumb Drives.
Explanation:
For storing information in the future, most businesses make use of Flash Memory Thumb Drives. With Flash Memory Thumb Drives, you can connect to a PC USB port in an attempt to back up your files on the go.
which of the following refers to the group of consumers born between 1946 and 1964?
Answers
The group of consumers born between 1946 and 1964 is commonly referred to as the "Baby Boomer" generation.
The Baby Boomers generation is named as such due to the significant increase in birth rates following World War II. This generation experienced various cultural shifts and societal changes throughout their lives, including significant economic prosperity and advancements in technology. Baby Boomers have had a profound impact on the economy and consumer behavior, shaping markets in areas such as housing, healthcare, and leisure activities.
Learn more about consumers here:
brainly.com/question/15869639
#SPJ11
what is a business plan
Answers
Answer:
a document setting out a business's future objectives and strategies for achieving them
Explanation:
(Please no links! and help ASAP!) An extract of a balance sheet is given. What are the debt-equity ratio and the quick ratios?
The debt equity ratio is ___. (correct to 2 decimal places)
A. 1.56
B. 2.10
C. 1.38
The quick ratio is ___. (correct to 2 decimal places)
A. 0.92
B. 0.91
C. 0.25
I'd love to see all the math done as well if possible.
Answers
Answer:
Explanation:
i think
1. its c
2. a
tb mc qu. 13-50 (algo) trini inc. bases its manufacturing overhead...trini inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the direct labor budget indicates that 9,700 direct labor-hours will be required in may. the variable overhead rate is $3.00 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $116,440 per month, which includes depreciation of $10,510. all other fixed manufacturing overhead costs represent current cash flows. the may cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Answers
The May cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $130,730. The correct option is 130730.
The May cash disbursements for manufacturing overhead can be calculated using the given information about Trini Inc. First, we need to determine the variable manufacturing overhead and the cash-based fixed manufacturing overhead for May.
Step 1: Calculate the variable manufacturing overhead
Variable overhead rate = $2.80 per direct labor-hour
Direct labor-hours required in May = 9,500 hours
Variable manufacturing overhead = Variable overhead rate × Direct labor-hours
= $2.80 × 9,500 hours
= $26,600
Step 2: Calculate the cash-based fixed manufacturing overhead
Total fixed manufacturing overhead = $114,440
Depreciation amount (non-cash expense) = $10,310
Cash-based fixed manufacturing overhead = Total fixed manufacturing overhead - Depreciation amount
= $114,440 - $10,310
= $104,130
Step 3: Calculate the May cash disbursements for manufacturing overhead
May cash disbursements = Variable manufacturing overhead + Cash-based fixed manufacturing overhead
= $26,600 + $104,130
= $130,730
The correct option is 130730.
The complete question is:
Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 9,500 direct labor-hours will be required in May. The variable overhead rate is $2.80 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $114,440 per month, which includes depreciation of $10,310. All other fixed manufacturing overhead costs represent current cash flows. The May cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
$141,040.
$26,600.
$104,130.
$130,730.
For more about manufacturing overhead:
https://brainly.com/question/31960867
#SPJ4
Predict: How might learning tasks that are not part of your regular job make you a more valuable employee ?
Answers
Answer:
Success, Power, and Politics in the Workplace.
Strive to Understand and Support His Goals.
Communicate at the Right Volume.
Be Careful With the Water Cooler Conversations.
Save Her From Unwelcome Surprises.
Always Go in With a Plan.
Build Bridges Across the Organization.
Show off Your Work Without Being Obnoxious.
Explanation:
Answer:
Learning other tasks makes u more efficient your boss will begin to value u and your efforts to make his work better
Random variations represent either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes and income shifts.
Answers
Answer:
FALSE
Explanation:
THIS IS THE COMPLETE QUESTION
Trends representing either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes, and income shifts are a component of a time series called "Random Variations"
Random Variation can be regarded as
tendency of an estimated size/ value of a parameter to undergo deviation randomly away from the real/ true magnitude/ value of the parameter.
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
Which of the following is NOT a part of reviewing and revising the financial plan?
-developing an action plan which identifies ways to achieve the goals
-regularly assessing the financial decisions
-taking a complete review of finances at least once a year
-making priority adjustments which will being financial goals in like with current life situation
Answers
Answer:
Developing an action plan which identifies ways to achieve the goals.
Explanation:
Reviewing & Revising the Plan
Involves:
regularly assessing the financial decisions
taking a complete review of finances at least once a year
making priority adjustments which will bring financial goals in line with current life situation
Entries for installment Note Transactions On the first day of the fiscal year, Shiller Company borrowed $22,000 by giving a five-year, 12% Installment note to Soros Bank. The note requires annual payments of $6,207, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $2,640 and principal repayment of $3,567. Journalize the entries to record the following: a1 Issued the installment note for cash on the first day of the fiscal year. If an amount tox does not require an entry, leave it blank. a2. Pald the first annual payment on the note. If an amount box does not require an entry, leave it blank. b. How would the notes payable be reported on the balance sheet at the end of the fiscal year?
Answers
a1. Issued the installment note for cash on the first day of the fiscal year:
Journal entry:
Date: [First day of fiscal year]
Debit: Cash $22,000
Credit: Notes Payable $22,000
Explanation: Shiller Company borrowed $22,000 by issuing a five-year, 12% installment note to Soros Bank. The company received cash of $22,000 from the bank, which increased its cash balance. At the same time, the company incurred a liability in the form of a notes payable.
Conclusion: The journal entry records the increase in cash and the corresponding increase in notes payable.
a2. Paid the first annual payment on the note:
Journal entry:
Date: [Last day of fiscal year]
Debit: Notes Payable $3,567
Debit: Interest Expense $2,640
Credit: Cash $6,207
Explanation: Shiller Company made the first annual payment on the note, which consists of both principal repayment and interest expense. The principal repayment amount of $3,567 reduces the notes payable balance. The interest expense of $2,640 represents the interest cost for the first year of the note.
Conclusion: The journal entry reflects the reduction in the notes payable balance due to the principal repayment and the recognition of interest expense.
b. How would the notes payable be reported on the balance sheet at the end of the fiscal year?
The notes payable would be reported as a long-term liability on the balance sheet at the end of the fiscal year. Specifically, it would be classified under long-term liabilities, along with other obligations that are not due within the next year. The balance of the notes payable would be reduced by the principal repayment made during the fiscal year, reflecting the remaining outstanding balance that is due beyond the next year.
To know more about Fiscal ,visit:
https://brainly.com/question/28762118
#SPJ11
A 2-column table with 6 rows titled Your Monthly Net Pay. Column 1 has entries Monthly gross pay, federal withholding, social security, Medicare, state tax, net pay. Column 2 has entries question mark, 238 dollars, 232 dollars and 50 cents, 54 dollars and 38 cents, 236 dollars, question mark.
You have just graduated from college and accepted a position. The salary is $45,000 annually. You have decided to plan your future and see if you can afford a house and a family of three on this salary, or if it is best to wait a couple of years to get more experience and advance in your career. Your first step is to figure out your monthly take-home pay.
Your monthly gross pay is
Answers
So, for a salary of $45,000 per year, your monthly gross pay would be $3,750.
To calculate your monthly gross pay, you need to divide your annual salary by 12.This is the amount of money you earn before any taxes or other deductions are taken out.It's important to understand your monthly gross pay as it forms the basis for calculating your net pay, which is the amount of money you take home after taxes and other deductions are taken out. By looking at the table provided, you can see that federal withholding, social security, Medicare, and state tax will all be deducted from your gross pay, which will leave you with your net pay.Knowing your net pay is crucial for budgeting and planning your financial future, especially if you are considering buying a house or starting a family.
To know more about monthly pay visit:
https://brainly.com/question/20441495
#SPJ1
Answer:
$3,750,
Explanation:
edge 2023
You are a network administrator for your company. A user calls and tells you that after stepping on the network cable in her office, that she can no longer access the network.
You go tot he office and see that one of the user's stiletto heels has broken and exposed some of the wires in the Cat 5 network cable. You make another cable and attach it from the wall plate to the user's computer.
What should you do next in your troubleshooting strategy?
- Establish what has changed.
- Recognize the potential effects of the solution.
- Document the solution.
- Test the solution.
Answers
Answer: Test the solution
Explanation:
Since the user called and said that she can no longer access the network after she steeped on the network cable, and another cable was made and attached from the wall plate to the user's computer, the next thing that should be done is to test the solution.
The solution should be tested in order to be sure that the solution that was provided worked. After this has been done, then documenting he solution and recognizing the effects can be done.
what is 349/36 + 34x6
Answers
Answer:
349/36= 9.694
34x6= 204
9.694 + 204= 203.694
Please I need help with this as soon as possible please
PLEASE I NEED TO TURN THIS IN TOMORROW MORNING DEADLINE : 10:25AM
Answers
To analyze a Student Aid Report (SAR), you should first review the demographic and financial information to ensure its accuracy.
What next should you do?You should then examine the Expected Family Contribution (EFC) to determine your eligibility for financial aid.
Next, review the financial aid award letter to understand the types and amounts of aid you are eligible for. Familiarize yourself with the application process and deadlines for submitting the SAR and any additional documentation required.
Finally, review the terms and conditions of the aid to understand any requirements, such as maintaining academic progress or repayment obligations. It's essential to understand the information in the SAR to make informed decisions about your education and finances.
Read more about Student's Aid Report here:
https://brainly.com/question/24998450
#SPJ1
At work, Mario was trying to show Jenessa the new procedure for stocking the shelves. Jenessa kept working as he explained and quickly became frustrated because Mario kept telling her she was doing it wrong. What could Jenessa have done first to be a better active listener?
She could have read the employee memo that explained the new procedure.
She could have asked clarifying questions to make sure she understood.
She could have stopped what she was doing to give Mario her full attention.
She could have restated what he said in her own words.
Answers
Answer:
She could have stopped what she was doing to give Mario her full attention.
Answer:
C, she could have stopped what she was doing to give Mario her full attention.
Explanation:
Good luck on your test:)
suppose that family a borrows money when its car breaks down and saves money when the wife receives a holiday bonus from her employer. suppose that family b borrows money to buy elaborate birthday presents for the children and spends the husband's holiday bonus on a vacation to florida. which of the following is correct? a. both family a's and family b's spending habits suggest that they base their purchasing decisions on permanent income. b. family a's spending habits suggest that it bases its purchasing decisions on permanent income rather than transitory income. family b's spending habits suggest that it bases its purchasing decisions on transitory income rather than permanent income. c. both family a's and family b's spending habits suggest that they base their purchasing decisions on transitory income. d. family a's spending habits suggest that it bases its purchasing decisions on transitory income rather than permanent income. family b's spending habits suggest that it bases its purchasing decisions on permanent income rather than transitory income.
Answers
Family a's spending habits suggest that it bases its purchasing decisions on transitory income rather than permanent income. Family b's spending habits suggest that it bases its purchasing decisions on permanent income rather than permanent income.
What is permanent income?According to the permanent income hypothesis, people will spend money at a rate that is consistent with their anticipated long-term average income.
The amount of anticipated long-term income is then regarded as the maximum amount of "permanent" revenue that can be spent without risk.
In order to protect against future income decreases, a worker will only save if their present salary exceeds the level of expected permanent income.
Milton held that, contrary to what Keynesian economics said, people will consume based on an estimate of their future income; people will consume based on their current after-tax income.
A temporary rise in income will be preserved rather than spent.
Learn more about permanent income, here
https://brainly.com/question/18722046
#SPJ1
9. when buying a product online,
a. only use debit cards for increased protection.
b. call the seller to see if they will give you a cash discount.
c. use a credit card or charge card for increased protection.
d. send the seller a check because someone could steal your credit card number,
Answers
The recommended option when buying a product online is to use a credit card or charge card for increased protection. So, the correct answer is (c). Credit cards and charge cards offer more security features and fraud protection, which can help keep your financial information safe during online transactions.
When buying a product online, it is important to use a:When buying a product online, it is important to use a credit card or charge card for increased protection. This is because these payment methods offer fraud protection and dispute resolution options in case of any issues with the transaction.
It is not recommended to use a debit card as it may not offer the same level of protection. It is also not advisable to send the seller a check as there is a risk of it being lost or stolen in transit. It is not common for sellers to offer cash discounts, and if they do, it is important to verify their legitimacy before making any payments.
To know more about Credit cards
visit:
https://brainly.com/question/28111074
#SPJ11
If innovation is lacking, risk aversion is prevalent, and the entrepreneurial spirit is gone, a business may exhibit stalled or halted growth. This is referred to as:
A) the end of the organizational life cycle
B) deterioration
C) business mummification
D) ossification
E) desecration
Answers
When a business experiences a lack of innovation, prevalent risk aversion, and the absence of entrepreneurial spirit, it may encounter stalled or halted growth. This phenomenon is commonly referred to as (D) ossification.
Ossification is the term used to describe the state of a business when it becomes rigid, resistant to change, and incapable of adapting to new market demands. It signifies a lack of innovation and entrepreneurial drive within the organization. When a company reaches this stage, it becomes risk-averse, preferring to maintain the status quo rather than taking calculated risks to explore new opportunities. The absence of a dynamic and innovative approach hinders growth and leaves the business stagnant. Consequently, the organization loses its competitive edge and fails to keep pace with evolving market trends and customer expectations.
Hence, when a business exhibits stalled or halted growth due to a lack of innovation, prevalent risk aversion, and the absence of the entrepreneurial spirit, it can be referred to as (D) ossification. This state signifies a rigid and stagnant condition that hampers growth potential and inhibits the company's ability to thrive in a dynamic business environment.
Learn more about market demands here:
https://brainly.com/question/29703449
#SPJ11
briefly explain two factors which might influence demand for digital cameras in business
Answers
Answer:
Explanation:
1. The raise of influencer marketing applied on small businesses will demands digital cameras specially when the business owners managed their brands.
2. Every eCommerce must buy digital cameras because the costs for external photographers at long term it is not redituable.
Increase in GDP per capita means economy is growing
true or false
Answers
Answer:
true it is true
Explanation:
if the price index has a value of 100 in year x, then year x must be the base year. true or false?
Answers
if the price index has a value of 100 in year x, then year x must be the base year. True.
A price index (plural: "price indices" or "price indexes") is a normalised average (usually a weighted average) of price relatives for a certain class of products or services in a specific location over a specific time period. It is a statistic that may be used to compare how these price relatives change over time periods or geographical areas.
Price indices can be used for a variety of purposes. For very wide indices, the index might be considered to assess the general price level of the economy or the cost of living. More specific price indices can assist manufacturers with business planning and pricing. They can sometimes be effective in guiding investment.
Learn more about price index
https://brainly.com/question/4513076
#SPJ4
I want to become doctor and I'm from nepal..which may be the best country for me to study
Answers
Answer:
the best would always be the USA in doctoring.
it has the best colleges etc.
Explanation:
What white coat investor?
Answers
The White Coat Investor is a financial website and online community founded by Dr.James Dahle, an emergency physician turned personal finance expert.
The website is primarily aimed at helping high-earning medical professionals and other high-income earners to build wealth, reduce debt, and achieve financial independence. The White Coat Investor provides a wide range of educational resources, including articles, podcasts, and online courses, on topics such as investing, retirement planning, student loan management, and tax strategies. The site also offers a variety of financial products, such as mortgage refinancing and disability insurance, specifically tailored to the needs of high-income earners. In addition to its online resources, the White Coat Investor community includes a forum where members can connect with each other and exchange advice and support. The site also hosts an annual conference for physicians and other high-income earners interested in personal finance and investing.
learn more about finance expert here:
https://brainly.com/question/14975376
#SPJ4
industrial information is important in making smart investment decisions. which online resources provide the most comprehensive overview of industry sales and data?
Answers
There are several online resources that provide comprehensive industry sales and data to help investors make smart investment decisions like Statista, IBISWorld, Yahoo Finance and Bloomberg.
Some of the most useful resources include:
Statista: This is a data analytics platform that provides statistics and insights across various industries. It offers a wide range of data on topics like market size, growth rates, and consumer behavior.
IBISWorld: This is an industry research firm that provides reports on thousands of industries. The reports include information on industry performance, trends, and forecasts.
Yahoo Finance: This is a financial news and data website that provides information on individual stocks, as well as broader market trends. It also offers data on industries and sectors, including key metrics like revenue and earnings.
Bloomberg: This is a financial news and data service that provides real-time market data, news, and analysis. It also offers comprehensive data on industries and sectors, including historical trends and comparative analysis.
Investors can use these resources to gain a deeper understanding of specific industries and make informed investment decisions. By analyzing industry sales and data, investors can identify emerging trends, spot potential risks and opportunities, and make more informed investment decisions.
To learn more about decision making click on,
https://brainly.com/question/28329166
#SPJ4