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s344n2d4d5 [400]

1 year ago

12

A manager is requested to help whenever there is a breakdown in a firm's production line. Which primary skills does this manager

need to apply when such breakdowns occur

1 answer:

exis [7]1 year ago

7 0

Answer:

engineering

Explanation:

if there is a break down the manager should be able to fix it using engineering.

You might be interested in

A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 120,500 $ 12

vesna_86 [32]

Answer:

<u>Absorption income 114, 610 127,500 127,320 </u>

Explanation:

Year 1 Year 2 Year 3

Beginning finished

Goods inventory (units) 0 1,550 1,050

Ending finished

Goods inventory (units) 1,550 1,050 1,150

Change in Inventory 1550 500 100

Fixed manufacturing

<u> Overhead per unit $ 3.80 $ 3.80 $ 3.80 </u>

<u>Absorption Income Less</u>

<u>Variable Income $ 5890 ($ 1900) $ 380</u>

Variable costing income $ 120,500 $ 125,600 $ 127,700

<u> Difference $ 5890 ( $ 1900 ) $ 380</u>

<u>Absorption income 114, 610 127,500 127,320 </u>

<u />

When inventory increases or decreases income differs under absorption and variable costing and is calculated by the following formula

Difference in fixed expense overhead expensed under absorption and variable costing = Change in inventory units * Predetermined overhead rate

When the inventory units increase the fixed manufacturing overhead cost is released from inventory and deducted from variable income.

Similarly when the inventory units decrease the the fixed manufacturing overhead cost is deferred from inventory and added to variable income.

8 0

2 years ago

The participants in a television quiz show are picked from a large pool of applicants with approximately equal numbers of men an

IgorLugansk [536]

Answer:

a) $P(X \leq 2)= P(X=0)+P(X=1)+P(X=2)$

$P(X=0)=(11C0)(0.5)^0 (1-0.5)^{11-0}=0.00049$

$P(X=1)=(11C0)(0.5)^1 (1-0.5)^{11-1}=0.0054$

$P(X=2)=(11C0)(0.5)^2 (1-0.5)^{11-2}=0.027$

And adding we got:

$P(X \leq 2)= 0.033$

b) $P(X \geq 2)= 1-P(X$

And replacing we got:

$P(X \geq 2)= =1-[0.00049 +0.0054] = 0.994$

c) $P(X \leq 1)= 1-P(X$

And replacing we got:

$P(X \leq 1)=0.00049 +0.0054= 0.0059$

Explanation:

Previous concepts

The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".

Solution to the problem

Let X the random variable of interest "number of women", on this case we now that:

$X \sim Binom(n=11, p=0.5)$

The probability mass function for the Binomial distribution is given as:

$P(X)=(nCx)(p)^x (1-p)^{n-x}$

Where (nCx) means combinatory and it's given by this formula:

$nCx=\frac{n!}{(n-x)! x!}$

Part a

For this case we want to find this probability:

$P(X \leq 2)= P(X=0)+P(X=1)+P(X=2)$

$P(X=0)=(11C0)(0.5)^0 (1-0.5)^{11-0}=0.00049$

$P(X=1)=(11C0)(0.5)^1 (1-0.5)^{11-1}=0.0054$

$P(X=2)=(11C0)(0.5)^2 (1-0.5)^{11-2}=0.027$

And adding we got:

$P(X \leq 2)= 0.033$

Part b

For this case we want this probability:

$P(X \geq 2)$

And we can use the complement rule and we got:

$P(X \geq 2)= 1-P(X$

And replacing we got:

$P(X \geq 2)= =1-[0.00049 +0.0054] = 0.994$

Part c

For this case we want this probability:

$P(X \leq 1)$

And we can use the complement rule and we got:

$P(X \leq 1)= 1-P(X$

And replacing we got:

$P(X \leq 1)=0.00049 +0.0054= 0.0059$

6 0

1 year ago

On January 1, Year 1, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on J

mel-nik [20]

Answer:

The cash received from bond issuance is journalized as follows:

Dr Cash $285,600

Cr Bonds payable $280,000

Cr Premium on Bonds payable $5,600

The June 30 and 31 December Year 1 interest on the bonds are recorded thus:

30 June

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

31 December

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

The June 30 and 31 December Year 2 interest on the bonds are recorded thus:

30 June

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

31 December

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

Explanation:

The amount realized from the bond is calculated thus:

$280,000*102%=$285,600

Premium on bond=Bonds proceeds-par value

=$285,600-$280,000

=$5,600

Semi-annual amortization of bond premium=$5,600/5*6/12

=$560

Semi-annual interest payment=$280,000*6%*6/12

=$8,400

5 0

1 year ago

In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a current ratio of 1.80. Assume t

svetlana [45]

Answer:

Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67

Current Ratio - Transaction 2 = 1.6388 rounded off to 1.64

Explanation:

The current ratio is a measure of liquidity which measures the amount of current assets a business has to pay off each $1 of current liability. It is calculated as follows,

Current Ratio = Current Assets / Current Liabilities

We know the initial current ratio and current assets. The initial current liabilities will be,

1.8 = 54000 / Current Liabilities

Current Liabilities = 54000 / 1.8

Current Liabilities = $30000

Transaction 1

The result of transaction 1 will be that the current assets will increase by $6000 as inventory increases and the current liabilities will also increase by $6000 as accounts payable are increasing. The new current ratio will be,

Current Ratio - Transaction 1 = (54000 + 6000) / (30000 + 6000)

Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67

Transaction 2

The result of transaction 2 will be that the current assets will decrease by $1000 as payment for truck which is a fixed asset is made partly by cash and the current liabilities will not increase as the note signed for the remaining payment of the truck is due after 2 years thus it is a non current liability. The new current ratio will be,

Current Ratio - Transaction 2 = (54000 + 6000 -1000) / (30000 + 6000)

Current Ratio - Transaction 2 = 1.6388 rounded off to 1.64

5 0

1 year ago

Thoro Clean, a firm providing house-cleaning services, began business on April 1. The following accounts in its general ledger a

natta225 [31]

Answer:

Thoro Clean

a. Using the accounting equation, record each of the transactions in columnar format:

April 1

Cash $11,500 + Accounts Receivable + Supplies + Prepaid Van Lease + Equipment = Accounts Payable + Notes Payable + Common Stock $11,500 + Retained Earnings

April 2

Cash $11,500 - $2,850+ Accounts Receivable + Supplies + Prepaid Van Lease $2,850 + Equipment = Accounts Payable + Notes Payable + Common Stock $11,500 + Retained Earnings

April 3

Cash $11,500 - $2,850 + $10,000 + Accounts Receivable + Supplies + Prepaid Van Lease $2,850 + Equipment = Accounts Payable + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings

April 3

Cash $11,500 - $2,850 + $10,000 - $3,500 + Accounts Receivable + Supplies + Prepaid Van Lease $2,850 + Equipment $5,500 = Accounts Payable $2,000 + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings

April 4

Cash $11,500 - $2,850 + $10,000 - $3,500 - $4,300 + Accounts Receivable + Supplies $4,300 + Prepaid Van Lease $2,850 + Equipment $5,500 = Accounts Payable $2,000 + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings

April 7

Cash $11,500 - $2,850 + $10,000 - $3,500 - $4,300 - $350 + Accounts Receivable + Supplies $4,300 + Prepaid Van Lease $2,850 + Equipment $5,500 = Accounts Payable $2,000 + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings - Advertising Expense $350

April 21

Cash $11,500 - $2,850 + $10,000 - $3,500 - $4,300 - $350 + Accounts Receivable $3,500 + Supplies $4,300 + Prepaid Van Lease $2,850 + Equipment $5,500 = Accounts Payable $2,000 + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings - Advertising Expense $350 + Cleaning Fees Earned $3,500

April 23

Cash $11,500 - $2,850 + $10,000 - $3,500 - $4,300 - $350 - $1,500 + Accounts Receivable $3,500 + Supplies $4,300 + Prepaid Van Lease $2,850 + Equipment $5,500 = Accounts Payable $2,000 - $1,500 + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings - Advertising Expense $350 + Cleaning Fees Earned $3,500

April 28

Cash $11,500 - $2,850 + $10,000 - $3,500 - $4,300 - $350 - $1,500 + $2,300 + Accounts Receivable $3,500 - $2,300 + Supplies $4,300 + Prepaid Van Lease $2,850 + Equipment $5,500 = Accounts Payable $2,000 - $1,500 + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings - Advertising Expense $350 + Cleaning Fees Earned $3,500

April 29

Cash $11,500 - $2,850 + $10,000 - $3,500 - $4,300 - $350 - $1,500 + $2,300 + $1,000 + Accounts Receivable $3,500 - $2,300 + Supplies $4,300 + Prepaid Van Lease $2,850 + Equipment $5,500 = Accounts Payable $2,000 - $1,500 + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings - Advertising Expense $350 + Cleaning Fees Earned $3,500 + Dividends $1,000

April 30

Cash $11,500 - $2,850 + $10,000 - $3,500 - $4,300 - $350 - $1,500 + $2,300 - $1,750 - $255 + Accounts Receivable $3,500 - $2,300 + Supplies $4,300 + Prepaid Van Lease $2,850 + Equipment $5,500 = Accounts Payable $2,000 - $1,500 + Notes Payable $10,000 + Common Stock $11,500 + Retained Earnings - Advertising Expense $350 + Cleaning Fees Earned $3,500 + Dividends $1,000 - Wages $1,750 - Gasoline $255

b. Use Journal entries to record the transactions:

DATE DESCRIPTION DEBIT CREDIT

April 1 Cash Account $11,500

Common Stock $11,500

To record Randy Storm's investment of cash

April 2 Prepaid Van Lease $2,850

Cash Account $2,850

To record payment for six months' lease on a van.

April 3 Cash Account $10,000

Notes Payable $10,000

To record the borrowing of $10,000 from a bank.

April 3 Cleaning Equipment $5,500

Cash Account $3,500

Accounts Payable $2,000

To record purchase of cleaning equipment.

April 4 Cleaning Supplies $4,300

Cash Account $4,300

To record the purchase of cleaning supplies.

April 7 Advertising Expense $350

Cash Account $350

To record the payment for advertisements.

April 21 Accounts Receivable $3,500

Cleaning Fee Earned $3,500

To record the cleaning fees earned.

April 23 Accounts Payable $1,500

Cash Account $1,500

To record the payment on account.

April 28 Cash Account $2,300

Accounts Receivable $2,300

To record the receipt from customers on account.

April 29 Cash Account $1,000

Dividends $1,000

To record the receipt of dividends.

April 30 Wages Expense $1,750

Cash Account $1,750

To record the payment of wages for April.

April 30 Gasoline Expense $255

Cash Account $255

To record the payment for gasoline used during April.

Explanation:

The accounting equation is given as Assets = Liabilities + Equity. This equation is always in balance with each transaction affecting at least one or two accounts in either side of the equation. This equation explains that the assets owned by a company are made up of either owings to creditors or owners of the business.

5 0

1 year ago