Answer:
The correct answer is E
Explanation:
Offensive strategy or minded is the kind or type of strategy, in which it comprise or involved of the actively trying to follow the changes in the industry.
Companies or business which follow the offensive minded or strategy, mostly invest in the R&D area (Research and Development) and the technology, so that could stay ahead in the competition.
So, the other offensive minded or strategy companies ,which have the war chest of the securities which are marketable and the cash is not the good kind of rival for targeting.
Final answer:
Struggling enterprises that are on the verge of going under are not good targets for offensive-minded companies.
Explanation:
The type of rival that is not a good target for an offensive-minded company is:
Market leaders that are vulnerableRunner-up firms with weaknesses in areas where the offensive-minded challenger is strongSmall local and regional companies with limited capabilitiesStruggling enterprises that are on the verge of going underOther offensive-minded companies with a sizable war chest of cash and marketable securitiesTargeting struggling enterprises on the verge of going under would not be beneficial for an offensive-minded company because they may not have the resources or stability to offer a significant challenge.
An employee is dissatisfied with the resolution of an ethical conflict with his supervisor at his place of employment. According to the Institute of Management Accountants, the employee's next step should be to Select one: a. contact the IMA. b. contact the next level of management who is not involved in the ethical conflict. c. make the president of the company aware of the ethical conflict. d. report the incident to the State Board of Accountancy. e. resign from the company.
Answer and Explanation:
b. contact the next level of management who is not involved in the ethical conflict.
Suppose a banking system has a required reserve ratio of 0.15. How much can the money supply increase in response to a $1 billion increase in excess reserves for the whole banking system?
Answer:
the money supply increase in response to a $1 billion increase in excess reserves for the whole banking system is $6.67billion.
Explanation:
Increase in money supply = 1/0.15
Increase in money supply = $6.67 billion
Therefore, the money supply increase in response to a $1 billion increase in excess reserves for the whole banking system is $6.67billion.
Baggage fees. An airline charges the following baggage fees: $25 for the first bag and $35 for the second. Suppose 54% of passengers have no checked luggage, 34% have one piece of checked luggage and 12% have two pieces. We suppose a negligible portion of people check more than two bags. (a) Build a probability model, compute the average revenue per passenger, and compute the corresponding standard deviation. (b) About how much revenue should the airline expect for a flight of 120 passengers
Answer:
a) on average 15.70 dollar per person on baggage fees
b) a 120 passangers flight will generate 1,884 dollars on baggage fees
Explanation:
We multiply the probability by the outcome withthe bjective to create a weighted average based on probability of success:
P(x) revenue
no bag: 54% $ 0 0
a bag: 34% $ 25 8.50
two bag: 12% $ 60 7.2
average revenue 15.70
Now, for the fligh of 120 passangers we use this estimation:
120 x 15.70 = $ 1,884
Final answer:
A probability model was constructed for baggage fee revenues, calculating an average revenue per passenger of $15.70 and a corresponding standard deviation of approximately $32.92. For a flight of 120 passengers, the expected revenue is $1,884.00.
Explanation:
To answer the student's question about building a probability model, calculating the average revenue per passenger and its corresponding standard deviation, and estimating the expected revenue for a flight with 120 passengers based on the given baggage fees, we will start by defining the random variable X, which represents the revenue in dollars from a single passenger.
No checked luggage (54% of passengers): $0
One piece of checked luggage (34% of passengers): $25
Two pieces of checked luggage (12% of passengers): $25 + $35 = $60
The probability model for X can be expressed as:
P(X = $0) = 0.54
P(X = $25) = 0.34
P(X = $60) = 0.12
To compute the average revenue per passenger, we use the expectation of X:
E(X) = (0 × 0.54) + ($25 × 0.34) + ($60 × 0.12) = $0 + $8.50 + $7.20 = $15.70
To calculate the standard deviation, we need to find the variance of X, and then take the square root:
E(X²) = (0² × 0.54) + ($25² × 0.34) + ($60² × 0.12) = $1331.50
Variance = E(X²) - [E(X)]² = $1331.50 - ($15.70)² = $1331.50 - $246.49 = $1085.01
Standard Deviation = √Variance = √$1085.01 ≈ $32.92
To estimate the expected revenue for a flight with 120 passengers, we multiply the average revenue per passenger by the number of passengers:
120 passengers × $15.70 = $1,884.00
The five steps in the process of conversation, in sequential order, are __________.
(A) closing, feedback, business, feedforward, opening
(B) opening, closing, middle, business, transitions
(C) feedforward, feedback, business, transitions, closing
(D) opening, feedforward, business, feedback, closing
Answer:
Letter D is correct. Opening, feedforward, business, feedback, closing.
Explanation:
Every conversation goes through certain stages, regardless of whether the relationship is formal or personal between the interlocutors.
There are 5 stages that determine a conversation process, they are:
Opening, feedforward, business, feedback, closing.Opening begins with a greeting, which can be verbal or nonverbal.Some basic and trivial considerations such as asking how a person is are also part of opening.
Feedforward is the transition to the focal point of the conversation. It is the visualization of what you will say next.
Business already sets up as the stage where the main focus of the conversation is said. This is the central stage of a conversation, where interlocutors discuss ideas and opinions.
Feedback is the stage in which there is a retroactive effect, ie the information or response that the sender has from the receiver and serves as an evaluation parameter of the result of a message.
Closing is the final stage of a conversation, occurs when all the other stages of the conversation have already been developed and satisfied, and can end with a greeting.
The five steps in the process of conversation, in sequential order, are opening, feedforward, business, feedback, closing.
Explanation:The correct order of the five steps in the process of conversation is (D) opening, feedforward, business, feedback, closing.
Opening: The first step is to establish a conversation by greeting the participants and setting the tone. Feedforward: This step involves providing any necessary background information or context to guide the conversation. Business: The main part of the conversation where the topic is discussed, questions are asked, and information is exchanged. Feedback: The step where participants reflect on the conversation, summarize the main points, and address any concerns or questions. Closing: The final step is to bring the conversation to a close, express gratitude, and confirm any next steps or follow-up actions. Learn more about Conversation process here:https://brainly.com/question/37283672
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Which of the following individuals would NOT be considered part of the labor force? a. Aileen, who is a full-time student working part-time b. Lisa, who is working part-time but wants to be working full-time c. Kimberly, who has retired from the military and now works at the post office d. Charles, who is in the Marines and is currently deployed to Iraq e. Thomas, who is unemployed but has given up searching for a job
Answer:
e. Thomas, who is unemployed but has given up searching for a job
Explanation:
The term "labor force" refers to people in an economy that are either employed or unemployed and searching for employment.
From the options provided, Thomas is the only one who is not employed and not looking for a job hence, he should not be considered as part of the labor force.
The labor force includes individuals who are either employed or actively seeking employment. Therefore, out of the individuals listed, Thomas is the one not considered part of the labor force as he is unemployed and has given up searching for a job.
Explanation:In the context of labor economics, the labor force consists of persons who are either employed or unemployed (actively seeking work). This highlights a crucial aspect of the labor force definition; it's not just about whether a person is working, but also includes whether they're actively seeking employment. In the given options:
Aileen, Lisa, Kimberly, and Charles all fall into the labor force because they are either working or willing to work.However, Thomas is not considered part of the labor force. Although he is unemployed, he has given up searching for a job, therefore placing him outside of the labor force.It's essential to differentiate between types of unemployment and those who constitute the 'out of labor force' group. For example, a person out of work but actively seeking is still considered part of the labor force as opposed to someone who is also out of work but has stopped looking for employment.
Learn more about Labor Force here:https://brainly.com/question/13962639
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Developing a new automobile requires the services of many types of experts such as design and electronics engineers, procurers, metallurgists–the list is extensive. Rather than employ these individuals directly, the automaker will outsource the work. The specialists then work at facilities owned by the automaker rather than at their own employers' places. This demonstrates a type of _____.
Answer: Boundaryless organization
Explanation:
Boundaryless organization is an organization that is not hindered or limited by boundaries created through established structures.
It could also mean an organization whose operation is not confined to a particular location or the confine of their office complex.
The idea of boundaryless organization was first conceptualized by Jack Welch who wanted to eliminate any form of barrier (both internally and externally) in the way General Electrics carried out its operations.
•Note that in order to achieved the concept of a boundaryless organization, flexibility and adaptability must be considered.
•Latest technology for getting work done must also be adopted over traditional mode of operation
If your dog normally lives outside your home, which of the following preparedness activities offers the most practical protection when winter storms threaten?
a) Expand the dog house to a larger size so it can hold more heat.
b) Heat dog houses with electric blankets and space-heaters.
c) Insulate dog houses and put straw inside.
d) Allow the dog to sleep on the floor in the garage.
The most practical protection you can do to your dog is: C. Insulate dog houses and put straw inside.
Insulation is the easiest and fastest way among the choices that would really help to keep your dog warm inspite that he lives outside your home.
But if you really want to ensure for the safety of your dog, you let him sleep inside your home until the cold season is over. Dogs are family and they should be kept safe.
Final answer:
The most practical protection for a dog normally living outside in winter storms is to insulate the dog house and add straw, as it traps air to reduce heat loss and allows the dog to maintain body heat safely and steadily.
Explanation:
When preparing for winter storms to protect a dog that normally lives outside, it's important to consider the best methods for retaining heat and providing insulation. The most practical protection in this scenario would be to insulate dog houses and put straw inside (option c). Insulation helps to reduce heat loss and straw is a good material for maintaining warmth. Increasing the size of the dog house (option a) may actually make it harder to keep warm, and heating with electric blankets or space heaters (option b) can present fire hazards and may not be practical for outdoor settings. Allowing the dog to sleep in the garage (option d) could be an alternative, however, insulating the dog house and using straw provides consistent, safe warmth for the animal directly in its usual environment.
Insulation works by trapping air, which is a good insulator, reducing heat transfer through conduction. Similarly, straw also traps air and provides a warm bedding that can help the dog increase its body temperature through natural means such as the dog's own body heat. Thinking of examples where animals seek shelter to maintain body heat can help understand this concept. For instance, on cold nights, animals like horses will sleep under large trees to minimize heat loss. The method of insulation used for a dog house is akin to how well-designed homes maintain warmth with thick insulation.
The negotiation process involves several steps such as: preparing for negotiation; knowing your walk-away point; and working towards a common goal.
a. True
b. False
Answer:
(A) True.
Explanation:
In the negotiation process, there are two parties with different goals that can be incompatible. If the expected outcome is not satisfactory that will be the walk-away point. If it is satisfactory they can adjust theirs positions to achieve a common goal.
The negotiation process can be said to be in four stages, which are:
preparation
opening
bargaining
closure.
Diversification works because:I. unsystematic risk exists.II. combining stocks into a portfolio reduces the standard deviation of each stock in the portfolio.III. firm-specific risk can be dramatically reduced if not eliminated.A) I onlyB) III onlyC) I and II onlyD) I and III onlyE) I, II, and III
Answer:
D) I and III only.
Explanation:
II is false because the standard deviation of each stock is an inner characteristic of the stock and cannot be affected by combining it with other stocks in an investment portfolio. I. is true because each stock risk answer to the sector risk and company risk essentially, and by having stock of different sectors and companies is expected that unsystematic risks as these are off-setted. By having a portfolio with wide not-correlated stocks is expected that the risk can be reduced dramatically.
When using the IDRC to assess the external environment the company will look at which of the following?
A. Rules
B. Leadership
C. Knowledge
D. Economy
Answer: Knowledge
Explanation: IDRC engages in expertise, creativity, and strategies to increase the quality of life in developing countries as a segment of Canada's international affairs and development activities. IDRC aims to address realistic development issues with the brilliant minds in Canada and across the globe.
In addition to promoting global stability and development, partnering with local academic institutions and financing agencies effectively decreases reliance on assistance while establishing political leadership.
Thus, from the above we can conclude that the primary focus in the program is on knowledge.
Answer:
Geography
Explanation:
Choices were:
Leadership
Technology
Geography
Knowledge
SAP Inc. received a $1.5 million grant under its Small Business Innovation program. SAP invested the grant money and developed a system to remove metal contaminants from storm water in shipyards. The firm estimates that each shipyard spends $500,000 a year on storm water clean-up efforts. If SAP is able to sign up and retain four shipyards in the first year onwards, what is the present value (PV) of the project (net of investment) if the cost of capital for SAP is 14% per year? Assume a cost of operations and other costs for SAP equal 50% of revenue.A) $4.80 million
B) $5.64 million
C) $4.51 millionD) $5.93 million
Answer:
B) $5.64 million
Explanation:
SAP inc can receive $500,000/ shipyard and 4 shipyards a year yields gross cash flows of 500*4 = $2,000,000. Half of these are costs that give us a Net cash flow of $1,000,000/ year.
Since there is no maturity of the project we calculate present value of cash flow with the following formula
PV of cash flow = 1,000,000/0.14 = $7.14 million rounded off
NPV = 7.14-1.5 = 5.64 million
Hope that helps.
At the end of 2011, the government of China's debt was yen12.2 trillion. (yen is yuan, the currency of China). In 2012, the government spent yen12.7 trillion and ended the year with a debt of yen11.6 trillion. How much did the government receive in tax revenue in 2012? The government received ¥61 trillion in tax revenue in 2012.
Answer:. Y 13.6 trillion
Explanation:. Y
Total debt 2011 12.2 trillion
Expenditures 2012. 12.7
Total. 24.9
Less debts 2012. (11.6)
Balance. 13.6
The goverments spending if not from tax is supposed to increase the debts to Y24.9 trillion it's reduction to Y11.6 trillion means Y13.6 which is the difference was earned from tax to make expenditures.
Final answer:
The government received ¥61 trillion in tax revenue in 2012.
Explanation:
The government received ¥61 trillion in tax revenue in 2012.
To calculate the tax revenue, we need to find the difference between the beginning and the end of the government's debt for that year: ¥12.2 trillion - ¥11.6 trillion = ¥0.6 trillion. This means that the government's debt decreased by ¥0.6 trillion in 2012. The amount of tax revenue received is equal to the decrease in debt, which is ¥0.6 trillion. Therefore, the government received ¥0.6 trillion or ¥61 trillion in tax revenue in 2012.
Suppose the reserve requirement is currently 20%. Instructions: Enter your answers as a whole number. a. Assume Second Bank has deposits of $300 million. Calculate the required reserves for Second Bank. $ million b. At the end of the day, Second Bank has $65 million of reserves. Will Second Bank be a borrower or lender in the federal funds market? Second Bank will reserves of $ million in the federal funds market.
Final answer:
To calculate the required reserves for Second Bank, multiply the deposits by the reserve requirement. If Second Bank has $65 million of reserves, it will be a lender in the federal funds market.
Explanation:
To calculate the required reserves for Second Bank, we need to multiply the deposits by the reserve requirement.
a. Required reserves = Deposits x Reserve Requirement
Deposits = $300 million
Reserve Requirement = 20%
Required reserves = $300 million x 20% = $60 million
Therefore, the required reserves for Second Bank are $60 million.
b. If Second Bank has $65 million of reserves, which is greater than the required reserves of $60 million, it will be a lender in the federal funds market. Second Bank can lend the excess reserves of $5 million.
Suppose France can produce 9,000 potatoes or 3,000 lemons per day, and that Italy can produce 3,000 potatoes or 3,000 lemons per day. Which of the following statements in this context is true?a.Italy has a comparative advantage in producing potatoes.b.Italy would be willing to trade one lemon for anything greater than one potato.c.Both countries would be willing to trade at a rate of one lemon for one potato.d.France has a comparative advantage in producing lemons.e.France has an absolute advantage in producing lemons
Answer:
a. Italy has a comparative advantage in producing potatoes
Explanation:
Let us compute opportunity costs (OC).
In France,
OC of potato = 3000/9000
= 0.33 lemon
OC of lemon = 9000/3000
= 3 potato
In Italy,
OC of potato = 3000/3000
= 1 lemon
OC of lemon = 3000/3000
= 1 potato
France can produce potato at a lower OC than Italy, so France has comparative advantage in potato. Italy has a comparative advantage in producing lemons.
Trade is mutually beneficial if terms of trade (relative price) lies between the OC.
0.33 < Relative price of potato < 1 lemon, Or
1 potato < Relative price of lemon < 3 potato
Therefore, Italy has a comparative advantage in producing potatoes.
Suppose the government were to replace the income tax with a consumption tax so that interest on savings was not taxed. The result would be that the interest rate
a. and investment both would increase.
b. and investment both would decrease.
c. would increase and investment would decrease.
d. would decrease and investment would increase.
Answer:
d. would decrease and investment would increase.
Explanation:
In a free market mechanism where investment is equal to savings in aggregate level, and interest rate is the consequence of supply and demand of savings, a change in income tax rules would incentivize people to increase the level of savings. An increase in savings would decrease the interest rate
The _______________ and the _____________________ along with the Funding Plan should be established early on in the Joint Capabilities Technology Demonstration (JCTD) to ensure that preparations are developed to facilitate movement of the JCTD into the acquisition process. Please choose from below to fill in the blanks.
A. Program Management Office and an Acquisition Strategy
B. Technical Support IPT and a Technical Integration Plan
C. Management Plan and Transition Plan
D. Contracting Officer and an Acquisition Plan
Answer:
The correct answer is A
Explanation:
Program Management Office is a function within a firm or organization, it is defined as the standards of the project management . And its main motive is to make sure that the project and the programs run in a standardized and in repeatable manner.
Acquisition strategy is the strategy or a plan which is comprehensive and integrated plan that is developed as a part of activities of the acquisition planning. It sates the technical, support and business strategies in order to manage the program risks and also to meet the objectives or goals of the program.
Therefore, the Program Management Office and the acquisition strategies with the Funding plan need to be created on the JCTD.
Suppose Amazon.com has offered you free shipping on your next purchase of more than $35. This offer is an example of ________.
A) sales promotionB) personal sellingC) a public relations strategyD) horizontal diversificationE) a pull strategy
Answer: Option A
Explanation: Sales promotion is the method of convincing a prospective consumer to buy the commodity. Sales promotion is intended to be used as a brief-term tool to boost sales – it is seldom appropriate as a way to develop long-term customer retention.
Giving discount, rebates and other such special offers are some of the many examples of sales promotion. In simple words,it is done to boost the sales for the current period.
In the given case, Amazon is also offering money saving offers to attract customers. Hence we can conclude that this is an example of sales promotion.
The financial manager for Eastern Bay Brewery is working with the firm's marketing department to bring out a new line of pumpkin ale. The new product development and subsequent production will require a long-term investment of funds by the company. Which of the following sources of financing would be representative of such a long-term funding requirement?
a. Commercial paper
b. Issuance of bonds
c. Line of credit
d. Factoring
Answer:
The correct answer is letter "B": Issuance of bonds.
Explanation:
Firms tend to issue bonds when they need to raise funds to continue with their operations or to start the massive production of a new good. Bonds work like a loan between financial institutions and the companies. Financial institutions, typically banks, agree with the firms in providing an amount of money so that the firm will pay back within a specific time in the long term.
Reuben Rubino is a Tax Professional working during the Emerald Advance offer period before tax season starts. He has taken and passed the financial product compliance course. He wants to apply for an Emerald Advance. What should he do?
a. Reuben can complete his own product application.
b. Reuben needs to have another associate complete his application because self-preparation of product applications is prohibited.
c. Reuben is ineligible to apply for H&R Block Emerald Advance.
d. None of the above.
Answer and Explanation:
b. Reuben needs to have another associate complete his application because self-preparation of product applications is prohibited.
Calculator Atlas Company provided the following information for last year: Operating income $ 92,000 Sales 235,000 Beginning operating assets 410,000 Ending operating assets 440,000 Which of the following is Atlas's return on investment (ROI) for last year? (Note: Round answer to two decimal places.)
a.0.50
b.0.22
c.0.15
d.0.32
e.0.41
Answer:
b.0.22
Explanation:
Return on investment (ROI) = Operating income/ Beginning Operating Asset = $ 92,000/ $440,000 = 0.22
Andrews Corporation uses a process costing system for manufacturing. The following information is available for the February in its Polishing Department:Equivalent units of production—direct materials 110,000 EUPEquivalent units of production—conversion 95,000 EUPCosts in beginning Work in Process—direct materials $49,000Costs in beginning Work in Process—conversion $36,000Costs incurred in February—direct materials $414,000Costs incurred in February—conversion
The cost per equivalent unit of production for conversion is:A. $9.26B. $4.21C. $5.85D. $5.05E. $4.97
Answer:
C. $5.85
Explanation:
The computation of the conversion cost per equivalent unit is shown below:
= (Costs in beginning Work in Process - conversion + Costs in beginning Work in Process—conversion) ÷ (Equivalent units of production -conversion)
= ($36,000 + $520,000) ÷ (95,000 units)
= ($556,000) ÷ (95,000 units)
= $5.85
Simply we divide the total conversion cost by the conversion equivalent units
Jackson foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required.
1. Compute Jackson's predetermined overhead allocation rate (Formula needed)
2. Prepare the journal entry to allocate manufacturing overhead. (Debits first then credits)
3. Is manufacturing overhead under-allocated or over-allocated? By how much?
4. Prepare the journal entry to adjust for the under-allocated or over-allocated manufacturing overhead. (debits first, then credits). Does your entry increase or decrease cost of goods sold?
At the beginning of the month, the company expected to incur the following:
- Mfg. overhead costs $880,000
- Direct labor costs 1,540,000
- Machine hours 80,000 hours
At the end, these are actual results:
- Direct labor $1,210,000
- Depreciation on mfg. plant and equip. 530,000
- Property taxes on plant 36,500
- Sales salaries 29,500
- Delivery wages 20,500
- Plant janitor's wages 24,000
- Machine hours 60,000 hours
Answer:
1) $ 11 per hour
2) Work in Process (Debit) 660,000
Manufacturing overhead clearing (credit) 660,000
3) Manufacturing overhead is over-allocated by $ 69,500
4) Manufacturing overhead clearing (debit) 69,500
Cost of good sold 69,500
Yes, the entry decreases the cost of goods sold as the actual overhead expenses are less than the applied over head cots.
Explanation:
1) Overhead rate = Expected manufacturing overhead / Estimated number of machine hours
Overhead rate: 880,000 / 80,000 = $ 11 / machine hour
2) Journal entry is recorded based on every hour worked during the period. Since 60,000 hours are worked so total of 660,000 manufacturing overheads are recorded using following entry.
Work in Process (Debit) 660,000
Manufacturing overhead clearing (credit) 660,000
3) Under-application results when actual manufacturing overheads are higher than expectation and vice versa. In question provided total hours were 60,000 instead of 80,000 budgeted hours, further actual cost amounted to $590,500 (530,000 for depreciation, 36,500 for property taxes, 24,000 plant janitor), thus there is over application by 660,000 - 590,500 = 69,500.
Note: Sales salaries and delivery wages are not included in overhead expenses as they are not part of manufacturing overheads.
4) Manufacturing overhead clearing (debit) 69,500
Cost of good sold 69,500
As there is over application of overhead expenses so there is a credit in manufacturing overhead account, so in order to clear the clearing account balance is transferred to cost of goods sold resulting in net profit to bottom line.
Final answer:
Jackson's predetermined overhead allocation rate would be $11 per machine hour. The company over-allocated manufacturing overhead by $69,500. The adjustment journal entry decreases the cost of goods sold by the same amount.
Explanation:
To compute Jackson's predetermined overhead allocation rate, we use the formula:
Overhead Rate = Estimated Manufacturing Overhead Costs / Estimated Total Units in the Allocation Base
In this case, the allocation base is machine hours.
Thus, the overhead rate = $880,000 / 80,000 hours = $11 per machine hour.
The journal entry to allocate manufacturing overhead when the overhead is applied to a job would be:
Debit: Work in Process
Credit: Manufacturing Overhead
Assuming the company uses all the estimated machine hours, if 60,000 machine hours were actually used:
Debit Work in Process $660,000 (60,000 hours x $11)
Credit Manufacturing Overhead $660,000
To determine if manufacturing overhead is under-allocated or over-allocated, we compare the estimated overhead costs with the actual overhead costs. We sum up the actual overhead costs: depreciation on manufacturing plant and equipment $530,000, property taxes on the plant $36,500, and plant janitor's wages $24,000, which equals $590,500. Since this is less than the applied overhead of $660,000, there is an over-allocation of $69,500 ($660,000 - $590,500).
The journal entry to adjust for the over-allocated manufacturing overhead would be:
Debit: Manufacturing Overhead $69,500
Credit: Cost of Goods Sold $69,500
This entry would decrease the cost of goods sold, as it corrects the over-applied overhead.
Compute the takt time for a service system that intended to perform a standardized service. The system will have a total work time of 358 minutes per day, two 19-minute breaks, and an hour for lunch. The service system must process 88 jobs a day. (Round your answer to 2 decimal places.) Takt time minutes per cycle
Answer:
2.95 minutes
Explanation:
For computing the takt time minutes per cycle, first we have to determine the available time which is shown below:
= Total work time - break time
= 358 minutes - 98 minutes
= 260 minutes
The 98 minutes is come from
2 × 19 minutes = 38 minutes
1 hour lunch = 60 minutes
Total break time = 98 minutes
Now the takt time minutes per cycle would be
= Total available time ÷ number of jobs in a day
= 260 minutes ÷ 88 jobs
= 2.95 minutes
An investor is analyzing the risk of a possible investment by producing three different scenarios. Under a pessimistic scenario, the property would produce a BTIRRp of 8%; a most-likely scenario would produce a BTIRRp of 12%; and an optimistic scenario would produce a BTIRRp of 16%. The investor assigns the pessimistic scenario a 25% chance of occurring, the most-likely case a 60% chance of occurring, and the optimistic scenario a 15% chance of occurring. What is the standard deviation of the returns?
Answer:
Scenario R(%) P ER R - ER (R - ER)2 (R - ER)2.P
Optimistic 16 0.15 24.0 -17.2 295.84 44.376
Most-likely 12 0.60 7.2 -21,2 449.44 269.664
Pessimistic 8 0.25 2.0 -25.2 635.04 158.760
ER 33.2 Variance 472.80
Standard deviation of the return
= √472.80
= 21.74%
Explanation:
The expected return is the product of return and probability. The total expected return is the aggregate of individual expected return. R - ER is the difference between individual return and total expected return. Variance is (R - ER) raised to power 2 multiplied by probability.
Final answer:
The standard deviation of the investment's returns is calculated using the weighted average of the possible returns to determine the expected return, then calculating the variance for each scenario, and finally, taking the square root of the total variance to get the standard deviation.
Explanation:
The student is asking how to calculate the standard deviation of the returns for an investment under three different scenarios with different probabilities. To find the standard deviation, we first calculate the expected return, which is the weighted average of the possible returns, and then use this to calculate the variance and the standard deviation. The expected return E(R) can be calculated as follows:
E(R) = (0.25 × 8%) + (0.60 × 12%) + (0.15 × 16%)Once we have the expected return, we calculate the variance σ1(R) using the formula:
σ1(R) = Σ[probability × (return - expected return)^2]
For each scenario:
Variance for pessimistic scenario = 0.25 × (8% - E(R))^2Variance for most-likely scenario = 0.60 × (12% - E(R))^2Variance for optimistic scenario = 0.15 × (16% - E(R))^2Summing these gives the total variance, from which the standard deviation is the square root.
This process is a measure of risk and represents the volatility or uncertainty of returns from an investment. It's important for the investor to understand this concept, as higher standard deviation indicates greater risk and potential for variance in actual returns.
Economies and companies could improve their "wealth" by:
allowing specialization of tasks.
Answer:
Economies of scale
Explanation:
Economies of scale is a situation where there is a reduction in cost as more output is produced. Continuous production of output ultimately leads to specialization of task.
Digby's balance sheet has $85,185,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also expecting to issue $4,000,000 in new stock. If there are no dividends paid what will beDigby's book value?
Answer:
Digby's Book Value: $
Book value of existing equity 85,185,000
Book value of additional equity 4,000,000
Net income 3,000,000
Digby's total book value 92,185,000
Explanation:
The book value of Digby is the aggregate of book value of existing equity, book value of additional equity issued and net income.
____ leaders cause changes in individuals and social systems.
a. Transactional
b. Transformational
c. Transnational
d. Transregional
Answer:
b. Transformational leader
Explanation:
Transformational leadership in itself is an inspiring leadership style in which the leader encourages teams to identify areas and processes that need change. This enhances innovation and helps to create a vision to guide the change. This type of leader also ensures that the employees are thoroughly trained and gives them autonomy and room to be creative. It is most likely to result in company growth as it discourages complacency.
Last year, Buckner & Jones Company incurred the following costs: Direct materials $42,000 Direct labor 63,000 Manufacturing overhead 94,500 Selling expenses 25,200 Administrative expenses 23,100 Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero. The total period expense was: a.$250,000. b.$24,000. c.$190,000. d.$48,300.
Answer:
Option (D) is correct.
Explanation:
Given that,
Direct materials = $42,000
Direct labor = 63,000
Manufacturing overhead = 94,500
Selling expenses = 25,200
Administrative expenses = 23,100
Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each.
Total period expense:
= Selling expenses + Administrative expenses
= $25,200 + $23,100
= $48,300
Therefore, the total period expense was $48,300.
The total period expense for Buckner & Jones Company is the sum of selling expenses and administrative expenses, which equals $48,300.
To calculate the total period expense for Buckner & Jones Company, we need to identify which costs are considered period expenses. Period expenses include selling expenses and administrative expenses. According to the given data, the selling expenses are $25,200 and the administrative expenses are $23,100. By adding these two together, we get the total period expense.
Total period expense = Selling expenses + Administrative expenses
Total period expense = $25,200 + $23,100
Total period expense = $48,300.
Therefore, the correct answer is d. $48,300.
The pension plan for GL Inc. requires a contribution to the plan administrator equal to 11% of employee salaries. Salaries were $575,600 for the period. The journal entry to record the pension benefit would include a.a debit to Cash for $63,316. b.a credit to Cash for $63,316. c.a debit to Postretirement Benefit Expense for $63,316. d.a credit to Salary Expense for $63,316.
Final answer:
The correct journal entry to record the pension contribution would be a debit to Postretirement Benefit Expense and a credit to Cash for $63,316, reflecting the pension plan's expense and the outflow of cash, respectively.
Explanation:
The student is dealing with a journal entry related to pension plan contributions in a business setting. With salaries totaling $575,600 and a pension contribution rate of 11%, the calculation for the contribution is $575,600 * 0.11, which equals $63,316.
The correct journal entry to record the employer's contribution to the pension plan would include a debit to Postretirement Benefit Expense for $63,316 and a corresponding credit to Cash for the same amount because the company is incurring the expense now and will be paying the amount to the plan administrator. Hence, the correct answer is: c. a debit to Postretirement Benefit Expense for $63,316.
1. A simple random sample of size 15 is drawn from a normal population whose standard deviation is assumed to be 8. What's the margin of error if you're going to construct a 95% confidence interval for the population mean?
Answer:
± 4.05
Explanation:
Data provided in the question:
Random sample size = 15
Standard deviation = 8
Confidence level = 95%
Now,
Margin of error is given as:
Margin of error = ± [ ( z × s ) ÷ √n ]
Here,
From standard z table for 95% confidence level z = 1.96
Margin of error = ± [ ( 1.96 × 8 ) ÷ √15 ]
or
Margin of error = ± [ 15.68 ÷ 3.873 ]
or
Margin of error = ± 4.05
The margin of error for constructing a 95% confidence interval for a population mean with a sample size of 15 and a standard deviation of 8 is approximately 4.05.
To find the margin of error for constructing a 95% confidence interval for a population mean when the standard deviation is known, you can use the following formula:
Margin of error (EBM) = Z × (σ / √n)
Where:
Z is the Z-value from the standard normal distribution for a 95% confidence level, which is 1.96.σ (sigma) is the population standard deviation, which is 8 in this case.n is the sample size, which is given as 15.Using these values, you can calculate the margin of error as follows:
EBM = 1.96 × (8 / √15)
First, calculate the standard error:
σ / √n = 8 / √15 ≈ 2.065
Then, calculate the margin of error:
EBM = 1.96 × 2.065 ≈ 4.05
Thus, the margin of error for constructing a 95% confidence interval for the population mean is approximately 4.05.