Correct/Complete Question:
What is the time of the slowest workstation in a production system?
A. utilization
B. bottleneck time
C. effective capacity
D. throughput time
Answer:
B, bottleneck time
Explanation:
A bottleneck in a production system refers to a constraint in the production system where supply takes the longest time to meet up with demand for a particular good.
In the production processes, bottleneck time is the time takencapacity of the ful in a certain process of production as a result of the limited capacity of the process, thereby reducing the entire production chain.
Simply put, a bottleneck is a delay in time of one of the production process thereby slowing down the entire production system.
Cheers.
Answer:
d. They coordinate dosely with suppliers and service providers to reduce customer wait times.
Explanation:
Companies that use agile style of operations focus on incremental delivery of service, continual planning, team collaboration, and continuous learning.
This gives the company the ability of responding quickly to market changes by coordinating closely with suppliers and service providers to reduce customer wait times.
Clothes Unlimited is an example of an agile company that integrates agility into their supply chains. The company employs regular small-batch deliveries to all of its stores twice a week and uses real-time data to assess customer preferences
Answer:
Present value of the cashflow discounted at 5% per year 76,815.65
Explanation:
First, we calculate the present value of the 4 years 15,000 dollar annuity:
C 15,000.00
time 4
rate 0.05
PV $53,189.2576
Now, we discount two more year as lump sum as this is two year after the invesmtent:
Maturity 53,189.26
time 2.00
rate 0.05000
PV 48,244.2245
Finally we also discount the 30,000 by one year
30,000 / 1.05 = 28571.43
<em><u>We add up both to get the present value:</u></em>
48,244.22 + 28,571.43 = 76,815.65
Answer: $50,301
Explanation:
If they offered the new terms of 2/10, net 30 then 45 percent of their customers would pay on day 10 with the remainder paying on average in 32 days.
The collection period would therefore be;
= 0.45 * 10 + 0.55 * 32
= 22.1 days
Currently the Average Daily sales are;
= Average Receivables/ Average collection period
= 211,410/29
= $7,290
With the new collection period their Average receivables would be;
= 7,290 * 22.1
= $161,109
Potential cash to be freed up = Current Receivables - New receivables
= 211,410 - 161,109
= $50,301
Depreciation is a way not only to recognize the lost value over time of an asset, but also a way to recognize the expense of the asset over time. To this end, we want to see the value of the asset get smaller, and a piece of the asset on the the income statement ever period.
The depreciation base is 95,000 -5,000 = 90,000, and the depreciation period is 90,000/15,000 = 6 years.
The journal entry every year will be
Dec. 31
Debit: Depreciation expense 15,0000
Credit: Accumulated Depreciation (15,000)
Accumulated depreciation is a *contra-asset* account on the balance sheet that reduces the value of the the depreciable asset.
