answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kobusy [5.1K]
2 years ago
14

Which of the following statements about operations management processes is NOT true? Group of answer choices Inputs to operation

s management processes can be materials, people, and/or information. Outputs of operations management processes are always tangible goods. Operations management processes involve transformation of inputs into valuable outputs. Design of operations processes should reflect what customers want.
Business
1 answer:
jenyasd209 [6]2 years ago
4 0

Answer:

Outputs of operations management processes are always tangible goods.

Explanation:

Operations management focuses on the production and distribution processes of both goods and services. Its main goal is to improve the efficiency and effectiveness of the processes involved.

When applying operations management o service processes, you  must pay attention to how the service is delivered to customers, e.g. procedures, schedules, activities, etc.

You might be interested in
Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the
omeli [17]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Month - Lease cost - Machine hours

April: $15,000 - 800

May: $10,000 - 600

June: $12,000 - 770

July: $16,000 - 1,000

Using the high-low method, first, we need to determine the unitary variable cost. We need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (16,000 - 10,000) / (1,000 - 600)

Variable cost per unit= $15 per unit

Now, we can calculate the fixed costs:

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 16,000- (15*1,000)

Fixed costs= $1,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 10,000 - (15*600)

Fixed costs= $1,000

6 0
2 years ago
A quantitative method used to evaluate multiple locations based on total cost of production or service operations is called:
Sergeeva-Olga [200]

Answer:

Load-distance method.

Explanation:

Load-distance method is a technique of making facility location decisions by an organization. In this method, different facility locations are assigned a load-stance value (it is a measure of the weight of the load to be transported and the distance) and the different facilities are evaluated on the basis of this value. The location with the minimum load-distance will have minimum transportation cost; so, this location will be preferred over the other locations.

5 0
2 years ago
People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March, 2009). Assume this is the true populati
Marina CMI [18]

Answer:

Consider the following calculations

Explanation:

People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March, 2009). Assume this is the true population proportion and that you plan to take a sample survey of 540 grocery shoppers to further investigate their behavior.

a- Show the sampling distribution of ( p¯ ), the proportion of groceries thrown out by your sample respondents

sampling distribution of ( p¯ ) is normal with

mean = 0.12   and

standard error = sqrt(p(1-p)/n) = sqrt(0.12*0.88/540) =0.0140

b- what is the probability that the sample proportion will be within ±.03 of the population proportion?

z value for 0.03 difference, z=0.03/0.014 =2.14

The required P= P( -2.14<z<2.14) = P( z <2.14) – P( z <-2.14)

=0.9838 - 0.0162

=0.9676

c- what is the probability that your survey will provide a sample proportion within ±.015 of the population proportion?

z value for 0.015 difference, z=0.015/0.014 =1.07

The required P= P( -1.07<z<1.07) = P( z <1.07) – P( z <-1.07)

=0.8577 - 0.1423

=0.7154

d- What would be the effect of taking a larger sample on the probabilities in parts (b) and (c)? Why?

Taking a larger sample will decrease the standard error. The probabilities in parts (b) and (c) will increase.

8 0
2 years ago
Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1-a. Calculate the current
jasenka [17]

Answer:

Find the appendix attached:

Current ratio improved in 2018 from 1.83 in 2017 to 2.00 in 2018

Acid test ratio improved in 2018 from 1.10 in 2017 to 1.18 in 2018

The payment of $100 million accounts payable  would make  current ratio in 2017 improve from 1.83 to 2.03 and in 2018 from 2.00 to 2.25

The payment of $100 million accounts payable  would make  acid test ratio in 2017 from 1.10  to 1.12 and in 2018 from 1.18 to 1.22

Find computations below.

Explanation:

                                                                                2018                2017

Current ratio

Current assets/current liabilities

$968,530/$485,221                                               2.00

$901,229/$493,783                                                                       1.83

Current ratio improved in 2018 from 1.83 in 2017 to 2.00 in 2018

                                                                            2018                2017

Acid test ratio

(Current assets-inventory)/current liabilities

($968,530-$398,213)/$485,221                        1.18                                          

($901,229-$358,446)/$493,783                                                 1.10

Acid test ratio improved in 2018 from 1.10 in 2017 to 1.18 in 2018

Impact of $100,000,000 cash used in settling accounts payable:

                                                                              2018                2017

Current ratio

Current assets/current liabilities

($968,530-$100,000)/($485,221-$100,000)      2.25                                          

($901,229-$100,000)/$493,783-($100,000)                          2.03                                                            

The payment of $100 million accounts payable  would make  current ratio in 2017 from 1.83 to 2.03 and in 2018 from 2.00 to 2.25

                                                                                          2018                2017

Acid test ratio

(Current assets-inventory)/current liabilities

($968,530-$398,213-$100,000)/($485,221-$100,000)    1.22                                                            

($901,229-$358,446-$100,000)/($493,783-$100,000)                    1.12    

The payment of $100 million accounts payable  would make  acid test ratio in 2017 from 1.10  to 1.12 and in 2018 from 1.18 to 1.22

Download xlsx
5 0
2 years ago
Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses thi
vazorg [7]

Answer:

D) 3.48

Explanation:

Current Year Sales = $700

Growth rate = 15%

Projected Sales=$700*15% +$700

Which is $805

Required inventory = $30.2 + 0.25*projected sales

Req.Inv = $30.2 + 0.25($805)

Req.Inv = $231.45

Inventory turn over = projected sales/Req.inv

$805/$231.45

Inventory turn over = 3.48 times

8 0
1 year ago
Other questions:
  • Marjorie has to email her manager at the end of each week to describe what she worked on, any problems she had, and what she has
    6·2 answers
  • Sanborn company rents space to a tenant for $3,100 per month. the tenant currently owes rent for november and december. the tena
    9·1 answer
  • Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D
    11·1 answer
  • To help finance a major expansion, Castro Chemical Company sold a noncallable bond several years ago that now has 20 years to ma
    8·1 answer
  • Wholesome Wheat Bakery buys $10.00 worth of flour from Mikes’ Mill and uses the flour to make bread. Wholesome Wheat sells the b
    15·1 answer
  • Poorer developing countries which often produce and export primary commodities tend to face unfair _____________________ in rela
    12·1 answer
  • Tryon Corp. and Sandoval, Inc. were joint owners of the former Sandy Glass manufacturing facility. An environmental assessment f
    5·2 answers
  • Business products that are purchased routinely, do not become part of finished goods, and are expense items rather than capital
    13·1 answer
  • 1)If the firm's advertising budget is $32,000 (instead of $40,000) and the firm allocates it optimally over the four quarters, t
    13·1 answer
  • Hannah and Ellen rely on consistent messages received via word of mouth and are older and more conservative than other customers
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!