Sales = 2,500,000 COGS = 1800 operating expenses = 300 tax= 140 net income =260
therefore, operating cash flow = 460
What is operating cash flow?Operating cash flow is an important benchmark to determine the financial success of a company's core business activities as it measures the amount of cash generated by a company's normal business operations.
What is a good operating cash flow ratio?A ratio less than 1 points short-term cash flow problems; a ratio more than 1 points good financial health, as it indicates cash flow more than is sufficient to meet the short-term financial obligations.
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a software package developed to handle information requirements for a specific type of business is called a(n) .
'A software package developed to handle information requirements for a specific type of business is called horizontal application.
A software package is a collection of files and information about those files. Linux distributions are typically installed as separate software packages, each representing a specific application. B. A web browser or development environment.
A package is a collection of files and directories required by a software product, typically designed and created by an application developer after the application code has been developed.
Packaged software is developed by computer engineers. This is a compilation of programs grouped together to publicly offer various tools within the same group. Even if necessary, it cannot be modified or changed.
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Take notes during the car salesman interview. What should you be on the lookout for when buying a car? how should you prepare when you’re getting ready to buy a car?.
There are several things one should lookout while buying a car.
Some of the notes one take while the car salesman interview are the dimensions , ground clearance and mileage given per kilometre by the car.
The other things one should keep in mind is the safety gear information from the salesman interview, the maintenance it would need with its servicing and the insurance policies and warranty of free services.
One must also ensure the on road price and the showroom price in mind with the tax and the charges involved in it. What kind of fuel and emergency protocols should be prepared its also important.
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the state transferred ownership of property to roger and pauline. which transfer document would the state agency use?
The state transferred ownership of property to Roger and Pauline, the transfer document that the state agency will use us a deed of assignment.
What is a deed of assignment?It should be noted that the deed of assignment simply means an instrument that's used to illustrate that a transfer has taken place.
Any property transaction needs a deed of assignment because it serves as the primary record between the seller and the buyer proving that all negotiations, inquiries, and other required due diligence have been made, the purchase price has been paid, and all other prerequisites have been met.
In this case, the state transferred ownership of property to Roger and Pauline, the transfer document that the state agency will use us a deed of assignment.
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a country with a low cost of labor would be attractive to an investor business for which two reasons?
A country with a low cost of labor would be attractive to an investor business for the country might help the company compete better. The country would provide a way to lower production costs.
The economic analysis involves evaluating or investigating a topic or issue from an economic perspective. Economic analysis is the study of economic systems. It is also the study of production processes and industries. The purpose of the analysis is to determine how effectively the economy, or something within it, is functioning.
To estimate labor market potential, managers need data on the magnitude and rate of change of economic and socioeconomic factors. When an international operator considers where to do business, one of the first considerations is economic size.
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You own a lawn care business. you have employees who work long hours laboring often exceeding 40 hours per week. they also would short hours when the weather is bad, sometimes they can't work at all. you do all of the sales for your business. which two types of compensation would be appropriate for these landscape employees?
The two types of compensation would be appropriate for these landscape employees are Commission and Salary.
What is your definition of compensation?The term compensation is known to be a form of monetary payment that is known to be given to any person in exchange for any kind of services.
Note that in the workplace, compensation is one that can be earned by employees as well as salary or wages and therefore, The two types of compensation would be appropriate for these landscape employees are Commission and Salary.
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Commission
Equity
Hourly
Salary
Piece work
which geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually?
Landslides is the geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually.
What is a landslide?The landslide can be defined to be the movement of the mass of rock that would cause the downward sloping movement of the soil and the rock that is underneath.
Gravity is the main cause of landslides. They are a form of what is called land wasting. Hence we can say that Landslides is the geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually.
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waterloo, ltd. manufactures a component used in aircraft navigation systems. demand has been strong and the executive staff at waterloo is planning for next year. yesterday, you were called into a budgeting meeting where production plans were being reviewed. you learn that the inventory policy at waterloo is to hold one and one-half months’ worth of sales (to avoid issues with transportation disruptions). the sales budget for next year is 660,000 units, spread evenly over the year. because of an unexpected increase in demand, inventory at the end of this year is expected to be only 30,000 units. the capacity of the plant is 700,000 units annually.
To meet the target the projected output level for next year required is 712,750.
What is sales budget ?
A sales budget is a financial strategy that projects the entire income of a business over a given time frame. To forecast the performance of the company, it relies on two factors: the volume of products sold and the price at which they are sold.
The calculation of the production level required to accomplish the goals for the following year is presented below:
Ending Inventory (662,000 ÷ 12 × 1.5) 82,750
Sales Budget 662,000
Total inventory required 744,750
Less Beginning Inventory -32,000
Production 712,750
Question:
Waterloo, Ltd. manufactures a component used in aircraft navigation systems. Demand has been strong and the executive staff at Waterloo is planning for next year. Yesterday, you were called into a budgeting meeting where production plans are being reviewed. You learn that the inventory policy at Waterloo is to hold one and one-half months’ worth of sales (to avoid issues with transportation disruptions). The sales budget for next year is 662,000 units, spread evenly over the year. Because of an unexpected increase in demand, inventory at the end of this year is expected to be only 32,000 units. The capacity of the plant is 702,000 units annually.1. What production level next year will be required to meet the targets? (Do not round intermediate calculations.)
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Salaries and wages expense should have been accrued on december 31st, but the entry was not made. The result of this oversight is that.
The result of this oversight is that obligations are underestimated.
Adjusting Journal is an accounting journal that is used to make adjustments to certain account balances or post transactions to match the actual situation in the process of preparing financial statements. Examples of adjusting entries for merchandise inventory and office supplies. Adjusting entries are used by trading, service, manufacturing and other entities.
The basic concept of adjusting entries is the basic accounting concept used as the basis for making adjusting entries.
Examples of transactions recorded in adjusting entries are:
Prepaid lease transactions,Prepaid insurance,Prepaid income,Depreciation of fixed assets,Bad debts,Bank reconciliationSupplies on handIncome SummaryAllowance for loss of receivablesMerchandise inventoryYou can learn more about Adjusting Journal here brainly.com/question/14895809
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one product line at spearman fishing industries has turns per year and an annual sales volume (at cost) of $. how much inventory is being held, on average?
The inventory is being held on average is $80,400.
What is Inventory Management?
The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This covers the storage and processing of such commodities as well as the management of raw materials, components, and completed goods.
One of a company's most crucial assets is its inventory. The core of an organization's activities in sectors with substantial inventories, such as retail, manufacturing, food services, and others, is its raw materials and completed items. A shortage can be quite damaging depending on when and where merchandise is required.
The inventory turnover ratio. In order to calculate the average amount of inventory, the sales volume (at cost) is divided by the quantity of turns.
=($1,447,200/18)
= $80,400
So,the average inventory is $80,400
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the children’s health insurance program (chip) was implemented in accordance with the balanced budget act (bba) to allow states to create or expand existing insurance programs, providing more federal funds to states for the purpose of expanding eligibility to include a greater number of currently uninsured children.
The State Children's Health Insurance Program(SCHIP) was implemented in accordance with the balanced budget act (BBA) to allow states to create or expand existing insurance programs providing more federal funds to states for the purpose of expanding MEDICAID eligiablity to include a greater number of currently uninsured children.
Insurance is a way to manipulate your hazard. when you buy coverage, you buy safety against unexpected financial losses. The insurance business enterprise pays you or someone you pick if something bad takes place for you. If you have no insurance and a coincidence occurs, you'll be responsible for all associated expenses.
Insurance is an agreement that transfers the threat of economic loss from an individual or enterprise to an insurance organization. They acquire small amounts of money from customers and pool that money together to pay for losses. coverage is split into two main categories: assets and Casualty insurance (percent).
Insurance plans are beneficial to everyone trying to protect their family, property/property, and themselves from financial risk/losses: coverage plans will assist you to pay for clinical emergencies, hospitalization, contraction of any ailments and remedies, and hospital treatment required within the destiny.
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Take notes during the car salesman interview. What should you be on the lookout for when buying a car? how should you prepare when you’re getting ready to buy a car?.
The thing that one need to on the lookout for when buying a car are:
Before you examine the car, make sure it is on a level surface.Keep an eye out for dents, scratches, and rust spots while you inspect the paint work.Make sure it's still in good shape by having a look inside the trunk.Remember to check the tires.The car's frame is very important. How should you prepare when you’re getting ready to buy a car?.Having the following available:
Your driver's license. Proof of insurance. The Form of payment. New utility bills. Credit score as well as history. Discount information.A list of any form of references.The act of buying a car is one that entails a person using their money or the use of a loan so as to make the purchase.
Therefore, follow the above steps before and when buying a car.
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industrialized nations have become societies and emploers used diplomas and detrees to determine who is elegible for jobs
Industrialized nations have become credential societies. Employers use diplomas and degrees as sorting devices to determine who is eligible for a job. Schools will "weed out the incapable"
Degrees and diplomas are employed to determine employment suitability in a credential society. Employers, particularly in urban areas, require a method for determining who is and are not capable of working from a pool of anonymous applicants. Those with a college diploma have demonstrated obligation, consistency, and, supposedly, basic skills. Some occupations require highly specialized training that employers are unable to provide.
The demand for credentials has increased to the point where it is changing the face of higher education. Many students who go to college for a year or two (or even a two-year associate degree) and then begin working in an entry-level job may discover that a four-year degree is needed.
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cost of universality: a comparative study of the overhead of state distillation and code switching with color codes
Cost of universality: a comparative study of the overhead of state distillation and code switching with color codes One of the most important steps in creating scalable quantum computers is optimising and estimating the overhead of current fault tolerance systems.
One of the most important steps in creating scalable quantum computers is optimising and estimating the overhead of current fault tolerance systems. Numerous of the most promising schemes are based on two-dimensional (2D) topological codes, such as the surface and colour codes, and use a universal gate set that combines the inexpensive T-gate with easily implementable Cliffords. In this work, state distillation and code switching—two popular approaches—are used to assess the costs of fault-tolerantly implementing the T-gate in colour codes.State distillation is more resource-efficient than code flipping in terms of both qubit overhead and space time overhead, while being viewed less favourably in our research.To know more about Code switching visit:
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What is the main difference between japanese capitalism and capitalism in the united states?.
The main different between Japanese capitalism and capitalism in the United States is Japan's gov is highly involved in day-to-day business management.
Business management makes a specialty of organizing and handling a employer's resources (which includes human capital). business control is humans-centric. Business management ranges put a lot of emphasis on verbal exchange, human useful resource management and preferred-management theories.
What are the 4 types of business management?
The four maximum commonplace varieties of managers are top-level managers, middle managers, first-line managers, and team leaders.
Is business management a good course?
For the aspiring entrepreneurs and enterprise leaders, a commercial enterprise management diploma is constantly a famous choice. It gives the instructional information and abilities everyday pursue worldwide career possibilities and facilitates you broaden a vast expertise of companies and specific regions along with finance and human sources.
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suppose you have $12,000 in the bank and plan to spend $10,000 to buy a car. one opportunity cost of buying the car would be
suppose you have $12,000 in the bank and plan to spend $10,000 to buy a car. one opportunity cost of buying the car would be the interest you cannot earn on your $10,000.
What is opportunity cost?
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
Therefore,
suppose you have $12,000 in the bank and plan to spend $10,000 to buy a car. one opportunity cost of buying the car would be the interest you cannot earn on your $10,000.
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in the planning process, what is the role of strategic goals and plans? links strategy and operations sets company direction sets purpose of business guides day-to-day activities
Correct option is B. In the planning process, what is the role of strategic goals and plans is sets company direction.
What is the strategic planning process?
Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the company attain its stated vision.
Though it can run longer, strategic planning generally reflects mid- to long-term objectives with a life period of three to five years. This is distinct from business planning, which usually focuses on immediate, tactical objectives, including how a budget is allocated. A business plan may encompass a period of time that lasts from a few months to several years.
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at the beginning of the year, addison company's assets are $170,000 and its equity is $127,500. during the year, assets increase $80,000 and liabilities increase $56,000. what is the equity at year-end?
Assets increase $80,000 and liabilities increase $56,000. The equity at year-end is $151,500
What is Equity?
The sum of money that would remain in a company's shareholders' possession if all of its assets were sold and all of its liabilities were paid in full is known as equity, sometimes known as shareholders' equity or owners' equity for privately held enterprises. The worth of a company bought is calculated based on its sales less any liabilities that were not transferred with the sale of the company. Additionally, shareholder equity may be used to illustrate a company's book value. On rare occasions, equity may be given in return for money. It also represents the equitable ownership of a company's shares. Equity, which can be found on a company's balance sheet, is one of the data points that analysts use the most frequently to assess a company's financial health.
Main Content Assets = Liabilities + Equity
Beginning = $170,000 $42,500 $127500
Change = $80,000 $ 56,000 $24000
Ending = $250,000 $ 98,000 $151,500
Ending Equity = $151,500
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understanding that a benefit of ethical conduct is profits, how is unethical conduct detrimental to profitability?
Unethical conduct is detrimental to profitability as the customers will not trust the business and as there are no or fewer customers the profit will go down.
Ethical conduct refers to the behavior of the organization with the public should be ethical. It is very easy to make more money by cheating the customer because the customer does not know you. The question arises will this customer ever come back to us? So in making a profit for the one-time deal we sill lose a customer forever.
So ethical conduct results in profit for the organization on a long-term basis. Not only will this customer buy from us they will also refer other customers to buy from us. In this way, the profit of an ethical organization increases manifold. The customers of the unethical conduct organization will not only not come back to us but if anyone asks them they will advise them also not to approach the organization.
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you have discovered that an employee has been conducting illegal activities using his workplace computer. you have taken possession of the employee's laptop according to your company's procedures and are waiting to give it to law enforcement authorities. what should you do when turning over the laptop to the police? maintain the chain of custody quarantine the system document the changes preserve the evidence see all questions back next question
Maintain the chain of custody while you turning over the laptop to the police.
In crook regulation, someone is in custody while–after being arrested or convicted of a criminal offense–they're held in jail or prison. Such humans are under country manage till they may be acquitted of their alleged crime or the belief in their jail sentence. An example of custody is a determine having complete rights to his child after a divorce. An example of custody is a robber being held by way of the police.
Care and Custody method the prison authority of a determine or mum or dad to supervise or otherwise be liable for a minor, or the specific authority given from such determine or criminal mother or father of a minor to a responsible grownup to oversee or in any other case be chargeable for the sports and care of the minor.
A person is stored in police custody after he's arrested on the premise of an FIR or suspicion. A person is kept in judicial custody after the public prosecutor makes the court accept as true with that such custody is essential for in addition research. Police Custody manner that police has the bodily custody of the accused at the same time as Judicial Custody way an accused is inside the custody of the involved magistrate.
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what percentage of loss would a seller in deerfield beach have if he paid $18,000 for a vacant lot, built a home on the lot that cost $145,000, and then sold the property for $153,000? round your answer to the nearest percent.what percentage of loss would a seller in deerfield beach have if he paid $18,000 for a vacant lot, built a home on the lot that cost $145,000, and then sold the property for $153,000? round your answer to the nearest percent.
Add the cost of the lot and the cost of the house together to get the total cost ($163,000). Next, subtract the sales price from the total cost to get the amount of loss ($10,000) he took. Finally, divide the total cost by the loss amount ($10,000 ÷ $163,000).
The definition of cost is to be valued at something or to lose. A loaf of bread costing $3 is an example of a cost. Giving up your freedom in order to grant freedom to another person is an illustration of the cost.
A company's cost is the amount of money it had to spend to create its goods or services. It is calculated as the sum that the business spends to create a specific number of a product. Simply put, it is the cash that a business spends on things like labour, services, raw materials, and other costs.
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select the correct answer. what is the most likely explanation for sarah maintaining a log of each time she spends or receives money? a. making a note each time she receives money so that she does not forget where it came from b. making a note of each expense so that she does not repeat purchases c. preparing a report for her bank on how she spends money d. preparing a budget to review her expenses
Preparing a budget to review her expenses is the most likely explanation for sarah maintaining a log of each time she spends or receives money.\
What is expenses ?The operational costs a business bears in order to make money are referred to as expenses. According to a proverb, "making money costs money."
Paying suppliers, paying employees, leasing facilities, and depreciating equipment are examples of frequent costs. Businesses are permitted to deduct tax-deductible expenses from their taxable revenue on their income tax returns in order to reduce their tax liability. However, there are tight guidelines set forth by the Internal Revenue Service (IRS) regarding which costs companies may deduct.
The operational costs a business bears in order to make money are referred to as expenses.
Businesses may deduct tax-deductible expenses on their income tax returns as long as they comply with IRS regulations.
Using one of two accounting methods—cash basis or accrual basis—accountants report expenses.
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Normally a company closes its books and then adjusts its records to update the account balances before preparing the financial statements. This statement is.
This statement is false.
The company can adjust the records to update the account balances to show a true and fair view of the financial records even before closing its books and can update the records when and where required so as to have a true picture of the ledgers. It is not required to post adjusting entries after closing books only.
What are financial statements?A financial statement (or financial reports) is the formal record of the financial activities and status of a company, person, or other entity.
Relevant financial information is presented in a structured, easy-to-understand format. These typically include four basic financial reports with management discussion and analysis.
A balance sheet or balance sheet reports a company's assets, liabilities, and equity at a particular point in time.Income Statement, or Income Statement (P&L) Statement, Comprehensive Income Statement, or Income Statement, reports a company's revenues, expenses, and profits for a specified period. The income statement provides information about the company's operations. This includes sales and miscellaneous expenses incurred during the specified period.A statement of changes in equity, statement of changes in equity, or statement of retained earnings reports changes in a company's equity over a period of time.A cash flow statement reports a company's cash flow activities, specifically, its operating, investing, and financing activities over a period of time.The statement of comprehensive income includes other comprehensive income items that are not included in determining net income.To learn more about financial statements, visit:
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Firms that disingenuously market products as environmentally friendly with the goal of gaining public approval and sales, rather than actually improving the environment, are guilty of.
Firms that disingenuously market products as environmentally friendly with the goal of gaining public approval and sales, rather than actually improving the environment, are guilty of greenwashing.
Green PR and green marketing are deceptively utilized to convince the public that an organization's products, objectives, and policies are environmentally beneficial. This practice is known as "greenwashing," sometimes known as "green shine." Companies that purposefully engage in greenwashing communication tactics frequently do so to separate themselves from their own or their suppliers' environmental transgressions.
Greenwashing detractors contend that the development of the tactic, coupled with ineffectual regulation, contributes to consumer mistrust of all green claims and lessens the ability of consumers to influence businesses toward more environmentally friendly production methods and business practices.
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Firms that disingenuously market products as environmentally friendly with the goal of gaining public approval and sales, rather than actually improving the environment, are guilty of greenwashing.
What is greenwashing.?Greenwashing is when a company or firms says or project that their products or goods are environmentally friendly, that their products are not causing any harm to the environment just so that they get a positive impression of their company being eco friendly. But actually these claims that companies make are false and they themselves are guilty of this. And they make zero to no efforts in improving the environment
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skills are the most important for accountants when presenting their
work to clients.
O A. Communication
O B. Multitasking
OC. Social media
OD. Math
how has desertification affected the land in africa? choose all that apply. a it forces migration for farmers and livestockit forces migration for farmers and livestock b low productivity in agriculturelow productivity in agriculture c it improves securityit improves security d poor soil structurepoor soil structure e it creates more jobs
Desertification affected the land in Africa are:
Poor soil structurelow productivity in agricultureIt forces migration for farmers and livestockWhat is the primary reason for Africa's desertification?Desertification is greatly facilitated by agricultural practices related to poverty. Desertification is accelerated by ongoing cultivation without supplemental fertilizer, excessive grazing, a lack of water and soil conservation infrastructure, and indiscriminate bushfires.
How is Africa affected by desertification?A form of land degradation known as desertification occurs when fertile areas become acrider and rider and acrider arid as a result of biological productivity being lost as a result of biotic procedures or as a result of human activity.
What impact does desertification have on Africa?People who are unable to longer survive off the land in Africa's drylands are being compelled to relocate to urban areas by the degradation of those areas. The UN Population Division projects that Lagos, Ni.geria's population will increase from 13.4 million in 2000 to 23.2 million in 2015, in part because of an influx of displaced rural communities.
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I understand that the question you are looking for is:
How has desertification affected the land in Africa? Choose all that apply.
A). poor soil structure
B). it improves security
C). it creates more jobs
D). low productivity in agriculture
E). it forces migration for farmers and livestock
Maria is an industrial engineer at a nissan plant. Indicate how maria should change her production plans in response to each change in market conditions. A. An engine supplier decreases the price it charges nissan by 50%
As a result, Nissan's cost of production will decrease, and Nissan should increase its supply.
The professional engineer program is a higher education program after the undergraduate program to build engineering competence. After passing the engineer profession program, you are entitled to a professional engineer certificate and recorded by PII. Therefore, it should be noted that today's engineer degrees are no longer used by universities as academic degrees but rather as professional degrees.
To obtain a professional engineering degree, one must graduate from the engineering profession program. While the requirements to join the professional engineer program are:
Obtain a bachelor's degree in engineering or an applied bachelor's degree in engineering, both graduates from domestic universities and equivalent foreign universities; or
Bachelor of engineering education or Bachelor of Science equivalent to a Bachelor of Engineering or applied degree of engineering through an equivalency program.
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a new restaurant recently opened and the owner wants to create an ad promoting the curbside delivery service.
A new restaurant has recently opened, and the owner wishes to make an advertising curbside delivery. Brand awareness marketing objective does this ad align with.
What is Brand Awareness Marketing?
The degree to which consumers can recall or recognise a brand under various circumstances is known as brand awareness. The associative network memory model of brand knowledge has two aspects, one of which is brand awareness. Consumer behaviour, advertising strategy, and brand management all heavily rely on brand awareness. The choice to buy something is mostly based on the consumer's capacity to recognise or recall a brand. Consumers must first be aware of a product category and a brand within it in order to proceed with a purchase.
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Complete question
A new restaurant recently opened and the owner wants to create an ad promoting the curbside delivery service.
suppose that the market for labor is initially in equilibrium. an increase in immigration will cause the equilibrium wage
Suppose that the market for labor is initially in equilibrium. An increase in immigration will cause the equilibrium wage to will fall, and the equilibrium quantity of labor will rise.
someone should sponsor you or file an immigrant petition for you. Wait until the petition is accepted and there's a visa to be had in your class. Then observe for an inexperienced Card from in the U.S. you may nonetheless need to get a scientific exam, visit an interview, and watch for a selection for your utility.
Immigration regulation refers back to the national statutes, rules, and legal precedents governing immigration into and deportation from a rustic. Strictly talking, it's far distinct from different matters which include . Naturalization and citizenship, although they may be on occasion conflated.
Immigration is the procedure of transferring to a new us of a location with the intention of staying and living there. human beings may also select to immigrate for a selection of motives, such as employment possibilities, to escape a violent conflict, environmental factors, educational purposes, or to reunite with family.
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xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. at one of their parties a guest is injured on a piece of equipment. the guest sues xavier and shawn, and they find they're personally liable for any damages. what kind of business structure do they have?
Xavier and Shawn are the general partners in this case. All partners in this structure have equal accountability for the company, making them both accountable for any losses.
Their personal assets would be shielded from this kind of lawsuit by an LLC. Given that there are several owners, it is clear that this is not a sole proprietorship.
What is general partnership?A general partnership, which is the fundamental type of partnership under common law, is, in the majority of nations, a grouping of people or an unincorporated business having the main characteristics listed below: Estoppel, proof of existence, and agreement are all necessary for creation.
Let's take the case of Fred and Melissa opening a bakery as an illustration. F&M Bakery is the name of the store. Fred and Melissa became general partners in the company F&M Bakery by founding a shop together.
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Why did steel, electricity, chemicals, and petroleum take the place of textiles, railroads, iron, and coal in making the second industrial revolution successful?.
Steel, electricity, chemicals, and petroleum were needed to make business more productive.
The second Industrial Revolution is typically dated between 1870 and 1914, though some of its hallmark events can be traced back to the 1850s. It is clear, however, that the rapid rate of pathbreaking inventions slowed after 1825, before picking up steam once more in the final third of the century. This says little about the speed of technological progress as typically recognized in terms of increased productivity and product quality, which is much more dependent on smaller, cumulative, anonymous changes.
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