Kaoru Ishikawa Was Fundamental in Helping Toyota to Reduce Waste

question 90

True/False

Kaoru Ishikawa was fundamental in helping Toyota to reduce waste.

Comprehend the concept of risks and rewards of ownership of an asset in the context of leasing.

Execute proper journal entries for the initial recognition of finance and operating leases by lessors.

Recognize how initial direct costs are handled in operating leases.

Understand the classification and accounting treatment of finance leases vs. operating leases.

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Definitions:

Basic Earnings Per Share

A measure of a company's profitability on a per-share basis, calculated by dividing net income by the number of outstanding ordinary shares.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number.

Short-term Creditor

A creditor that provides loans or credit to a business or individual with an expectation of repayment within a short period, typically less than a year.

Liquidity

The ability of an asset to be quickly converted into cash without losing its value.