modern management accounting is about ever-improving customer-focused processes. true or false?
Answers
True. Modern management accounting emphasizes the importance of customer-focused processes and continuous improvement in order to meet the changing needs and expectations of customers.
This approach is known as lean accounting or lean management accounting, and it emphasizes the identification and elimination of non-value-added activities, streamlining of processes, and a focus on adding value to the customer. By understanding and meeting the needs of customers, organizations can improve their competitive position, increase customer satisfaction and loyalty, and achieve long-term success. Modern management accounting also emphasizes the use of technology and data analytics to gather and analyze customer data and insights, which can be used to improve processes and enhance customer value. Overall, customer-focused processes and continuous improvement are key components of modern management accounting.
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Related Questions
white sold his business to phipps. as part of the sale contract, phipps agreed to pay off a bill white owed to one of his suppliers. this supplier is what type of beneficiary of the sales contract?
Answers
The supplier is a third-party beneficiary of the sales contract between White and Phipps.
A third-party beneficiary is a person or entity who benefits from a contract even though they were not directly involved in the agreement.
In this case, the supplier is a third-party beneficiary because they are receiving the benefit of having a debt owed to them paid off as a result of the contract between White and Phipps.
The contract between White and Phipps specifically mentions that Phipps has agreed to pay off a debt owed to the supplier, so the supplier is entitled to the benefit of having that debt paid, even though they were not party to the contract. This is an example of how contracts can impact people who were not directly involved in the agreement.
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A food worker washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers
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What the food worker, who washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers, has done is an example of practicing good personal hygiene.
What is personal hygiene?Personal hygiene involves the following activities: bathing, washing hands, brushing teeth, etc.
The purpose of personal hygiene, especially for a food worker or handler is to prevent biological, chemical, and physical hazards that make food unsafe.
Thus, since food workers come into contact with millions of germs and viruses daily, they must practice personal hygiene.
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As the economy weakens, one would expect investment in ____________ funds to increase and investment in _____________ funds to decrease, all else held constant.
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As the economy weakens, it would be expected that investment in money market mutual funds to increase while that in equity fund to decrease.
Whenever ever the economy weakens, people tends to invest in money market mutual funds since it is still considered as safe investment compare with equity fund.In money market mutual funds, loans usually due within a very short period of time like 90 days.Therefore, correct terms are money market mutual; equity.
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According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answers
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
Critical thinking using the lens of economics a. Since children have value they could, on occasion, be classified as inferior "goods." Do you agree or disagree? Explain your answer. b. During the real estate boom between the early 2000 s through to 2007 the prices of homes rose year after year yet people purchased more homes year after year. A TV commentator said, "This economic event, the real estate boom, was an exception to the law of demand." Do you agree or disagree with the commentator? Explain your answer. Indicate whether the following change in economic circumstance, ceteris paribus, will increase, decrease, or have no effect on the supply of product X. a. Increase in the price of resources used to produce product X b. Technological advance increases labor productivity c. Decrease in the number of firms producing product X d. Decrease in the number of people buying product X e. Decrease in the price of X
Answers
a. I disagree with classifying children as inferior "goods." While economics may analyze the costs and benefits associated with raising children, classifying them as goods undermines their inherent value as human beings and their rights as individuals.
Children are not commodities to be bought or sold but are to be nurtured and provided with care, education, and support for their well-being.
b. I disagree with the TV commentator's statement. The real estate boom was not an exception to the law of demand. While prices of homes were rising, the demand for homes also increased. The law of demand states that as prices rise, quantity demanded tends to decrease. However, in this case, the demand for homes increased despite rising prices, indicating that other factors such as low-interest rates, speculation, or market expectations were influencing the demand for housing.
c. Increase in the price of resources used to produce product X: This change would generally decrease the supply of product X. As the cost of resources used in production increases, it becomes less profitable for firms to produce product X, leading to a decrease in its supply.
d. Technological advance increases labor productivity: This change would likely increase the supply of product X. Increased labor productivity allows firms to produce more output with the same resources or fewer inputs, leading to an increase in the supply of product X.
e. Decrease in the number of firms producing product X: This change would generally decrease the supply of product X. With fewer firms producing the product, the overall quantity available in the market would decrease, leading to a decrease in supply.
f. Decrease in the number of people buying product X: This change would decrease the demand for product X, but it would have no direct effect on the supply of the product. Supply refers to the quantity of a product that producers are willing and able to offer for sale, while demand refers to the quantity that consumers are willing and able to purchase. A decrease in the number of people buying the product would lead to a decrease in demand but would not directly impact the supply of the product.
g. Decrease in the price of X: This change would not directly affect the supply of product X. The price of a product primarily influences the quantity demanded by consumers rather than the quantity supplied by producers. However, a decrease in price may indirectly impact supply if it affects the profitability or incentives for firms to produce the product. For example, if the price decrease makes it less profitable to produce X, some firms may reduce their supply or exit the market altogether.
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The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going to serve the best interests of the investing public?", refers to concerns about:
Answers
Answer:
The correct answer is "Conflict between professionalism and commercialism".
Explanation:
As a professional service rather than partnership presents a condition that may impede the implementation including its independent review-this statement generates possible interest confliction as the impairment of the conclusion of the investigation contributes to the violation of conduct.A professional service produces a condition that may well compromise impartial judgment - The journalistic integrity of an external auditor should not be compromised according to the standard prohibition claim. This can then cause friction.So that the given statement refers to the above solution.
who determines whether a good is normal or inferior?
a-individual.
b-sellers
C-government
tions
d-all the above.
Answers
Answer:
A.
Explanation:
Determining whether a good is normal or inferior depends on individuals. When there is a rise in the income of a person and he/she buy more of a good, it shows that good is normal. When there is a rise in a person income and there is a decrease in the demand for goods, then the product is inferior.
Therefore, it is an individual who determines whether a good is normal or inferior. Thus option A is correct.
A contract is valid only if both of the parties entering into it have the capacity to do so. true false
Answers
The law considers three groups of people as being incapable of signing contracts: children, people with psychological disorders, and people who are intoxicated.
What are psychological disorders?Examples of psychological impairments include manic depression, bi-polar disorder, schizophrenia, personality disorders, PTSD, anxiety disorders, delusional disorders, and eating disorders. Different psychological conditions may hinder education in different ways.
A mental sickness is a pattern of behavior or thought that considerably hinders human functioning or results in extreme misery. It is also referred to as a mental illness or psychiatric condition. These traits could be constant, relapsing, or only noticeable during particular episodes. There have been many illnesses identified, and each one has a different set of signs and symptoms.
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Which is the equilibrium for an economic perspective
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Mario is a skilled jet flyer that was recently hired by Meagan who is starting an airline business that allows travelers to travel to small cities at half the price of Delta Airlines flights. Which factor of production is Mario?
A . Entrepreneurship
B . Labor
C . Capital
D . Land
Answers
Answer:
B . Labor
Explanation:
Labor refers to human efforts or contribution to the production process. Human beings provide skills, knowledge, experience, energy, and time in making products or in the provisions of services. Human beings are compensated with salaries, wages, and other benefits in exchange for labor.
Marion will be employed as a pilot. Meagan requires the skills of a person to offer services to customers. Mario will be providing labor services.
fid the higest common factor of
21a²b and 49ab²
Answers
Answer:
7ab
Explanation:
21a²b = 7ab * 3b
49ab² = 7ab * 7b
Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in which three of the following cases?
1. Using Simplified Acquisition Procedures above or below the micro purchase threshold against Federal Supply Contract vehicles
2. At or below the micro purchase threshold from any vendor
3. At or below the micro purchase threshold against Federal supply Schedule contracts, FedMall, or other ordering systems that are authorized in component procedures
4. Above or below the micro purchase threshold against contract vehicles issued for the component by a contracting officer that contain a provision authorizing order and payment by the Governmentwide Commercial Purchase Card
Answers
Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in option 1, 3 and 4.
What is the Simplified Acquisition Threshold?The simplified acquisition threshold (SAT), which in federal acquisition is seen or is one that is expressed as the anticipated award value of a contract, is the financial number above which contracting officers are instructed to solicit and award contracts using streamlined methods.
Note that the Commercial Purchase Card for the Government as a Whole - The Purchase Card is used as a convenient way to spend money while buying products and services. It is given to approved agency employees and resembles a commercial credit card in nature. It is not the same as the Government Travel Card.
Therefore, in context of the above, one can say that a program that manages a component is known as a component procedure (or procedure). A component procedure may be used to install, remove, or manage a component.
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3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answers
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
How important are non-U.S. Sales to GM? What implications does this have for GM's global and business strategy? Think about the integration- response framework to inform global strategy and different strategic positions to inform business strategy.
Answers
Answer:
Throughout the clarification segment elsewhere here, the definition including its query is mentioned.
Explanation:
Non-the-U.S. GM sales become highly significant throughout China because GM currently dominates the US market, therefore there is not much growth potential for GM throughout America. With either a community of 1.4 billion although currently just 11 vehicles among 100 individuals relative to a traffic volume of 81 per 100 throughout the U.S, China provides the automobile industry potential enormous investment opportunities.The domestic car industry has expanded exponentially although China came into the world Trade Organization throughout the year 2001, and it has now surpassed the U.S as the world's largest. This encourages GM to extend the organization across the outside regions and win the market penetration as that of the global growing corporate policy of GM. GM started its business suddenly, according to some of its key rivals. Throughout 1997, GM entered into a joint venture with another of the "big 4" Chinese car manufacturers, Shanghai Automotive Company. It's one of the world's leading corporations which numbered 60th mostly on the Fortune Top 100 list. GM has been able to build guanxi, social media platforms, and partnerships over nearly 20 years that foster commercial ties with some of its Chinese business owners as well as government leaders.Who is someone who organizes, operates, and assumes the risk of a business venture?.
Answers
Answer:
Entrepreneur is some one who organizes,assumes a business venture
Which of the following is the basis of all slides in a presentation?
O Placeholders
O Slide Masters
O Theme
O Variant
Answers
Explanation:
The Placeholders is the basis of all slides in a presentation.
The Placeholder is a feature on the presentation interface which is a pre-formatted content for text, graphics, video, clip arts etc
The Placeholder allows the user to format their slides easily and consistently.
Therefore, the Option A is correct because the Placeholders is the basis of all slides in a presentation.
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ok so plz do not take these points.
if ur reading this plz listen to ghost by badflower and then answer and tell me what u think and if u have also recently felt like that.
Answers
Answer:
its a good song i think its touching and yes i have recently felt like that.
Explanation:
Determine the correct sequence of the following events from start to finish.
-The kitchen staff prepares the dishes.
-Fatima, the expediter,checks the order before the server picks them up.
-Lara then transmits the order to the kitchen
-Lara takes the order from the customer and notes down.
-Brian, the chef, estimates the time each dish will require for preparation
-Lara retrieves the order and delivers it to her customer
Answers
The correct sequence of the events from start to finish is:
-Lara takes the order from the customer and notes down.Lara then transmits the order to the kitchenBrian, the chef, estimates the time each dish will require for preparationThe kitchen staff prepares the dishes.Fatima, the expediter,checks the order before the server picks them up.Lara retrieves the order and delivers it to her customerWhat is the sequence of ordering food in a restaurant?The first thing that happens is that the waiter picks up the order from the customer and takes note of it. The order will then go to the kitchen where the chef will estimate how long the order will take to be prepared.
The expediter will then check the order when the meal is done but before the waiter picks it up. The waiter than delivers to the order.
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the state of texas has one of the highest sales tax rates in the nation at 6.25 percent. this – tax can have another – added to it to help fund county and local governments.
Answers
During the 1930s, property values fell, rendering property taxes ineffective revenue sources.
Which state has the highest tax burden, Texas?With a sales tax rate of 6.25 percent, Texas ranks among the highest in the nation.
Why are Texas taxes so high?Texas does not have a state income tax, which is the primary reason why property taxes are so high; It is one of just seven states in the country that does not have one. Instead, there are two main ways we pay for government: property tax and sales tax.
For tax reasons, why do people move to Texas?Texas is without a doubt one of the most tax-friendly states in the nation. In addition to its affordable cities and low cost of living, Texas does not require residents to pay personal income taxes. Instead, it depends on property and sale taxes.
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A form of economic efficiency called _ is achieved when resources are directed toward their highest-valued use. (Enter one word in each blank.)
Answers
A form of economic efficiency called allocative efficiency is achieved when resources are directed toward their highest-valued use.
What is meant by Economic efficiency ?There are two major schools of thinking about economic efficiency, each of which places emphasis on the distortions brought about by markets and governments, respectively (and minimized by reducing government involvement) (and reduced by increasing government involvement).
They are either discussing the overall level of government participation or the results of particular government activity; they are occasionally complementary, sometimes competitive.
This discussion generally refers to economic liberalism or neoliberalism, although these terms are frequently used more specifically to describe specific viewpoints, particularly those that support laissez-faire.
Also, there are varying opinions on the relative merits of macroeconomic vs microeconomic efficiency, with some supporting a more prominent role for government in either one.
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Explain how the firm obtains, and then disposes of, its cash flow
Answers
The firm obtains cash flow through various sources such as sales revenue, investments, loans, and other income-generating activities. Once the cash flow is received, the firm manages it by allocating it to various functions such as operating expenses, debt payments, investments, and other financial obligations.
The firm also manages its cash flow by implementing cash management strategies that involve forecasting future cash needs and maintaining adequate cash reserves.
In terms of disposing of cash flow, the firm can use it to repay debt, distribute dividends to shareholders, invest in new projects or acquisitions, or simply hold onto it as cash reserves. The decision to dispose of cash flow is based on the company's financial goals and objectives and must be done in a way that maximizes the value of the firm.
Ultimately, the firm's ability to manage its cash flow effectively is critical to its financial success and sustainability.
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If the Federal Reserve wants to lower the interest rate to 4 percent, it must _____ the money supply to _____.
Answers
If the Federal Reserve wants to lower the interest rate to 4 percent, it must increase the money supply to lower interest rates.
Why the federal reserve wants to prevent a recession?If the federal reserve wants to prevent a recession which means an economic condition when GDP falls or economy faces a low or negative economic growth.
Thus, first of all aggregate demand should increased to boost up the economy and money supply should increase to lower the interest rate then business will take more loans at lower rate and invest more in production to meet up the aggregate demand and increasing employment opportunities.
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Explain the hipp of the primary sources below source: letter written by john rolfe
Answers
The correct answer to this open question is the following.
Explain the HIPP of the primary sources below source: "letter written by John Rolfe."
"H" stands for Historical context. John Rolf was an important component in the foundation and success of the Jamestown, Virginia colony, in the North American territory. In the letter, he explains the Governor of the colony, Thomas Dale, his reasons to marry Pocahontas, a Native American Indian woman.
"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.
"P" stands for Purpose. Rolfe wanted the approval of the Governor, knowing that in those years, Native American Indians were considered savages that first needed to be converted to the Christian religion to be accepted in the colonial society.
"P" stands for Point of view. In this part, we have to understand the point the author is trying to convey. In this case, John Rolfe, an English man, and an important figure that brought the toc¿bacco seed from the Caribbean Islands to grow tobacco crops in Jamestown and made tobacco the king of crops in Virginia wanted to justify his actions but not wanted to compromise his position before the Jamestown society.
Why would South Africa’s import value be higher than export value
Answers
South Africa exports of items and services as proportion of GDP is 30.47% and imports of items and services as proportion of GDP is 25.53%.
Why import is greater than export?A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a sturdy home forex hampers exports and makes imports cheaper. Higher inflation can also influence exports via having a direct have an effect on on input fees such as materials and labor.
Imports become extra expensive. Exports and AD make bigger causing demand-pull inflation.
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https://brainly.com/question/27899202#SPJ13explain the safety and ethics that are involved in being a martial-arts instructor
Answers
A high degree of socially conscious behavior that exemplifies the essence of martial arts is what is meant by ethics.
How a competent teacher can act ethically:Maintain a consistently professional and suitable demeanor.Make sure they have the necessary training, knowledge, and qualifications to teach their art.Observe the rights, attributes, and skills of every pupil.Teach approaches that are reliable and secure to use.understand their own and their students' limitsKeep all students away from needless physical contactBe sincere and fair whenever you interact with students.Verify that all services promoted and paid for are provided.Adopt ethical, just, and transparent business conductMaintain consistency with each pupil.Three requirements for safety in martial arts instructionBody Consciousness-Pay attention to how your body is moving.Equipment- Wear appropriate protection gear when sparring.Conditioning- To prepare the body for the pressures of training, you must build stronger muscles and condition them.Learn more about martial-arts: https://brainly.com/question/17728092
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Choose the correct version of the following sentence. a. The Head of International Funding and the Account Manager will meet at 2 p.m b. The head of International Funding and the account manager will meet at 2 p.m. c. The head of international funding and the account manager will meet at 2 p.m.
Answers
The correct version of the given sentence is option c: "The head of international funding and the account manager will meet at 2 p.m." Therefore the correct option is C. The head of international funding and the account manager will meet at 2 p.m.
In the given sentence, we need to select the correct version based on capitalization and punctuation.
The sentence is discussing a meeting between two individuals: the head of international funding and the account manager. In this case, we should capitalize the first letter of each person's title (i.e., "head" and "account manager").
Other words in the sentence, such as "of," "and," and "will," should be written in lowercase as they are not proper nouns.
Additionally, the sentence should end with a full stop to indicate that it is a complete sentence.
Therefore, option c is the correct version of the sentence.
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A ______ is a visual display of the essential information related to achieving a marketing objective.
Answers
A marketing dashboard means the visual display of the essential information related to achieving a marketing objective.
What is a marketing dashboard?This refers to the visual display of the most relevant information necessary to keep track of key marketing metrics and to achieve some more marketing objectives.
These dashboards can be used to track the performance of your business's online marketing activities and they lets one monitor campaigns and other digital marketing efforts in real-time.
In conclusion, it means the visual display of the essential information related to achieving a marketing objective.
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if a company uses _____ to measure taxable income, they must use the same method for external financial reporting.
a. Average cost
b. LIFO
c. FIFO
Answers
If a company opts for fifo for tax purposes, they should also apply the fifo method in their external financial reporting to maintain consistency and ensure that the financial statements reflect a true and fair view of the company's financial position and performance.
if a company uses the fifo (first-in, first-out) method to measure taxable Income , they must use the same method for external financial reporting. fifo assumes that the items or inventory acquired first are sold or used first, leading to the recognition of the oldest costs in the calculation of taxable income.
consistency between tax reporting and external financial reporting is generally required to maintain transparency and comparability in financial statements. using different inventory valuation methods for tax and financial reporting could result in discrepancies and make it challenging for stakeholders to evaluate a company's financial performance accurately.
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In an argument, what do we call a reason why the
claim is true?
Answers
Answer:
a side of a argument which a person thinks they are right
Explanation:
cus im hispanic
Answer:
im not sure if this is multiple choice
Explanation:
Maybe you have seen it for yourself
A college graduate has a Job with a monthly gross pay of 4000. He takes home less than 4000 because
Answers
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.
What do you mean by gross pay?Gross pay refers to the amount received by the employee without any tax deductions.
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.
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