Answer:
The production exhibit both scope economics and scale economics. They are not mutually exclusive.
Explanation:
Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.
In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.
Answer:
360
Explanation:
Kanban is a method that is used to mange workflow in order to assist in visualizing the work and maximize the efficiency of a workers as well as making the workers agile.
The formula for calculating the number of Kanban is given as follows:
Number of Kanban = (Dd × LT × (1 + SS)) ÷ QC .................. (1)
DD = Daily required production level = 250
LT = Lead Time (in minutes) = 30
SS = Safety Stock = 20% = 0.2
QC = Number of squidgets in a container = 25
Substituting the values above into equation (1), we have:
Number of Kanban = (250 × 30 × (1 + 0.2)) ÷ 25
= (250 × 30 × 1.2) ÷ 25
= 9,000 ÷ 25
= 360
Therefore, the number of kanbans to be circulated between Sandy's process and the previous operations is 360.
Answer:
If the company makes 8 deposits, one per year earning 7% per year, in order to get $375000 at the 8 year, the company has to deposit $34,874.16 each year.
Explanation:
To get this number the best option is to use a excel spreadsheet and solver add-in. In a table with 8 columns (8 years), organize the payments and the rule of interest: payment year 1*(1+7%)^8+payment year 2*(1+7%)^7+payment year 3*(1+7%)^6+payment year 4*(1+7%)^5+payment year 5*(1+7%)^4+payment year 6*(1+7%)^3+payment year 7*(1+7%)^2++payment year 8*(1+7%)^1 where all the payments are equal (payment 1=p2=p3...=P8)
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