Provide an overview of the objectives and goals of Total Quality Management

How might the Total Quality Management (TQM) be used in a Supply Chain environment?

11. What is the amount of total paid - in capital and total retained earnings?

Prefered stock - $ 270,000

Paid in capital excess of par - preferred - $ 32,000

Common stock - $242,000

Paid in capital excess of par - common - $80,000

retained earnings - $183,000

12. A corporation originally issued $5 par common stock for $10 per share. What is the journal entry to record the purchase of 200 shares of their own stock for $8 per share?

TOTAL ASSETS $_____________ = TOTAL LIABILITIES AND OWNER’S EQUITY $____________

A. Elvis Li opened a business bank account for his cleaning supplies company on March 1 with a deposit of $10,000.

B. Elvis Li Cleaning Supplies Co. sold $1,900 supplies to its customers on account. Cost of supplies sold was $1,200.

C. Elvis Li Cleaning Supplies Co. bought inventory for $10,000 on account suppliers on March 7.

D. Elvis Li Cleaning Supplies Co. sold inventory on account to customers on March 15 for $3,000. Cost of supplies sold was $2,500.

E. Elvis Li Cleaning Supplies Co. paid trucking fee of $500 in cash on March 16 to deliver goods to customers.

F. Elvis Li withdrew $4,000 cash from the company for personal use on March 29.

G. Company paid March trucking fee of $3,000 in cash on March 29.

H. On March 30, Elvis Li invested $5,000 more of his own cash in Elvis Li Cleaning Supplies Co.

Determine the total cash inflows, the total cash outflows, and the expected change in cash for each month from January to July, 2019. Show your work in excel using excel functions. Based the findings, explain in your own words whether the company should borrow/invest and how much and in which months.

The management estimates total sales for the period January, 2019 through June 2019 based on actual sales from the immediate past six months. The following assumptions are made:

The Sales were $125,000 in July 2018 and then the sales grew by 8% each month for the first three months (i.e., August to October 2018) and by 6% for the next two months (i.e., November and December 2018). The sales are expected to grow by 3% each month thereafter.

35% of the Sales are collected in the same month. 33% of the sales are collected in the following month. 31% in collected after and the remainder are not collected.

The Purchases are 60% of each month’s sales and paid in the same month.

Wages and Salaries are $25,000 each month and paid in the same month.

Other administrative expenses are $15,000 and paid in the same month.

Depreciation expense is $5,000 each month.

An electrical device worth $150,000 will be purchased on credit in April 2019. $75,000 will be paid immediately and the balance will be paid in May, 2019.

The company had previously taken a loan of $125,000. The annual interest rate is 5%. The interest is paid twice a year in June and December each year. Assume that no principal repayments are made in this period, only interest payments are made.

The company pays rent of $2,500 quarterly (in March, June, September, and December each year).

At the beginning of the year, Swifty Company had total assets of $862,000 and total liabilities of $600,000. Answer the following questions.

(a) If total assets increased $137,000 during the year and total liabilities decreased $70,000, what is the amount of stockholders’ equity at the end of the year?

(b) During the year, total liabilities increased $120,000 and stockholders’ equity decreased $84,000. What is the amount of total assets at the end of the year?
(c) If total assets decreased $77,000 and stockholders’ equity increased $101,000 during the year, what is the amount of total liabilities at the end of the year?

1.Explain what is meant by economies of scale and economies of scope.

2. Give two examples of what would cause the short-run average total cost to shift up. Give two examples of what would cause the short-run average total cost to shift down. Draw both scenarios.

Write a program that computes the tax and tip on a restaurant bill for a patron with $44.50 meal charge. The tax should be 6.75% of the meal cost. The tip should be 15% of the total after adding tax. Display the meal cost, tax amount, tip amount, and total bill on the screen. (I need this to be in OOP using C++)

A wholesaler uses the last-in first-out (LIFO) method of pricing inventory issues at each month end. The following details, relating to Product Z, are provided for a month:

Opening balance 860 units at a total cost of £1,892

Purchases 750 units at a total cost of £1,800

Sales 933 units

What is the cost of sales of Product Z in the month?

A £2,067·20

B £2,114·36

C £2,139·52

D £2,202·60

Jan Sport produces school bags. The demand for school bag is 10 per day. Machine set up cost for production of school bag is $120, and total material and labor cost per bag is $10, storage and handling costs are $15 per bag per year. Suppose there are 250 working days per year. Compute the EOQ as well as the total annual cost for school bag production and storage in Jan Sport.