1.
Introduction: Speed to market determines the amount of time taken by the companies to introduce or launch new products into the market. The highly competitive market requires companies to be proactive in introducing new products into the market.
The action taken by the research and development department to improve the average amount of time taken to develop the product.
2.
Introduction: Elapsed time is the time consumed from the start of an event to the end of the event. Average elapsed time is the average time gap between the airplane landing and unloading the entire luggage from the airplane.
The performance measure taken to reduce the average elapsed time.
3.
Introduction: The shipment of the order will be considered a late shipment if the company is unable to ship the product within the promised date. This would lead to customer dissatisfaction and a bad reputation for the company.
The performance measure to avoid the late shipment of the orders.
4.
Introduction: Revenue per employee is an efficiency ratio that is used to determine the revenue generated per employee. It helps to determine the efficiency of an employee to generate revenue for the company.
The performance measure to increase the revenue per employee.
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Chapter 12 Solutions
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- John was a civil servant with the Trinidad & Tobago (T&T) Government for over 30 years and retired 5 years ago. He is in receipt of a monthly pension. John also received a lump sum on retirement and invested part of this in a small retail business in downtown San Fernando. He retails designer clothing and perfumes and manages to make a modest profit, after deduction of business expenses. John invested the remainder of his pension lump sum in the Unit Trust Corporation of Trinidad and Tobago and is in receipt of monthly dividends. John receives a monthly pension of $6,000. The retail business has a financial year- end of 31 December and in the fiscal year 2011 he made a taxable profit of $100,000. In the fiscal year 2011 in T&T there is a personal allowance of $60,000 and the rate of Income tax is 25%. John no longer qualifies for any of the other deductions available to individuals and receives his pension after deduction of tax under the P.A.Y.E. system. In 2011, John…arrow_forwardHi expert please give me answer general accounting questionarrow_forwardCalculate the total revenuearrow_forward
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