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Sergio039 [100]
2 years ago
13

Problem 2-14 As operations manager, you are concerned about being able to meet sales requirements in the coming months. You have

just been given the following production report: JAN FEB MAR APR Units produced 2,300 1,800 2,800 3,000 Hours per machine 325 200 400 320 Number of machines 3 5 4 4 Find the average of the monthly productivity figures (units per machine hour). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average productivity units per machine hour HintsReferenceseBook
Business
1 answer:
Gala2k [10]2 years ago
7 0

Answer and Explanation:

For calculating the average of the monthly productivity, first, we have to determine the total hours, and then units per machine hours

Therefore, the formula to figure out  the total hours is

=  Hours per machine × Number of machines

For JAN = 325 × 3 = 975 hours

For FEB = 200 × 5 = 1,000 hours

For MAR = 400 × 4 =  1,600 hours

For APR = 320 × 4 = 1,280 hours

Now, the units per machine hours equivalent to  

= Units produced ÷ total hours

For JAN = 2,300 units  ÷ 975 hours = 2.36

For FEB = 1,800 units  ÷ 1,000 hours = 1.8

For MAR = 2,800 units  ÷ 1,600 hours = 1.75

For APR = 3,000 units  ÷ 1,280 hours = 2.34

Now, the average of the monthly productivity equals to

= (2.36 + 1.8 + 1.75 + 2.34) ÷ 4

= 2.06 units per machine hour

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A major lottery advertises that it pays the winner $10 million. However, this prize money is paid at the rate of $ 500,000 each
My name is Ann [436]

Answer:

We have to discount these payments to find the present value

500,000

500,000/1.1

500,000/1.1^2

500,000/1.1^3

We keep on doing this until we reach 500,000/1.1^19

After that we add all the payments and get the value. A less time consuming way of doing it is using a financial calculator

Pv=?

N=19

FV=0

PMT=500,000

=4,182,460.05 we add 500,000 to this because the first payment was not discounted=4,682,460.05= Present Value.

Explanation:

8 0
2 years ago
Individual employees have little influence over ethical expectations and behavior.a. Trueb. False
Oksana_A [137]

Answer:

False.

Explanation:

In Business management, it is very important, essential and necessary that the top executives or management of an organization design, develop and establish a set of ethical codes, principles, laws, rules, regulations and standards that serve as guidelines, procedures and moral compass to all the employees working in an organization. These set of rules help the employees to understand what is acceptable or allowed while working with the company, as well as understanding the difference between right and wrong behaviors in their actions and decision-making.

Hence, individual employees do not have any influence over ethical expectations and behavior because it is out of their control and are primarily being defined by the top executives or management of the company.

5 0
2 years ago
During the current month, Grey Company transferred 60,000 units of finished production out of the Mixing Department at a cost of
denis23 [38]

Answer:

a. Finished Goods 360,000

Work in Process 360,000

Explanation:

During transfer, de-recognize the cost of finished and transferred production from the Work In Process Account of the Mixing Department (Credit) and accumulate the cost in the Finished Goods Account (Debit).

When the units are <em>finally sold</em>, Cost of Goods Sold is recognized (Debit) and the Finished Goods Account is De-recognized (Credit).

3 0
2 years 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
2 years ago
World-class performance measures can be used in different functional areas of a firm to satisfy objectives, enhance the value of
Alex777 [14]

Answer:

D) All of these

Explanation:

World class performance measures can be used in different functional areas, for example International Organization for Standardization (ISO) norms apply to all the functional areas of a company:

  • ISO 9000 - Quality Management
  • ISO 27000 - Information Security Management Systems
  • ISO 14000 – Environmental Management
  • ISO 31000 - Risk Management
  • ISO 50001 - Energy Management
  • ISO 26000 - Social Responsibility
  • ISO 28000: 2007 – Specifications for Security Management Systems for the Supply Chain
  • ISO 37001: 2016 Anti-Bribery Management Systems
  • ISO 45001 – Occupational Health and Safety
  • ISO 22000 – Food Management Systems

Other types of world class performance measures that are not as established and recognized as ISO norms, but are gaining momentum in modern management like World Class Manufacturing (WCM) framework focus on four main areas:

  • Manufacturing competitive products: measure quality performance
  • Manufacturing product mix and volume: measure cost performance  
  • Short lead-times and make-to-order: measure delivery performance  
  • New product introductions: measure flexibility performance

5 0
2 years ago
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