Answers
Answer:
A. 1.111
B. The process is not capable
Explanation:
Part A
Capacity index help todetermine the performance of a process and how it could perform in the future. A capacity index of above 1.33 means that the process is capable but a capacity index below 1.33 means that the process is not capable. The capacity index can be calculated using equation 1;
From the mean which is 0.5, it can be determined that the process is a centered process.
For centered process, the mean = 0.5 x (Upper s. - Lower S.) = 0.5 x 0,02 = 0.04
so the capacity index for centered mean will be used
................................................1
Given standard deviation = 0.003
upper specification = 0.05
lower specification = 0.03
Therefore the capacity index of the process is 1.111
Part B
The capacity index of the process is 1.111 and it is less than 1.33, this means that the process is not capable.
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Problem 10-13 (Algorithmic) Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,800 copies. The cost of one copy of the book is $13.5. The holding cost is based on an 17% annual rate, and production setup costs are $135 per setup. The equipment on which the book is produced has an annual production volume of 26,000 copies. Wilson has 250 working days per year, and the lead time for a production run is 14 days. Use the production lot size model to compute the following values: Minimum cost production lot size. Round your answer to the nearest whole number. Do not round intermediate values.
The average lead time of a unit of product through a manufacturing station is 18 minutes. The average work in process inventory at this station has been 30 pieces. What is the production rate?a. 3.0 pieces/minb. 0.33 pieces/minc. 1.66 pieces/mind. 0.83 pieces/min
Suppose a tax of $3 per unit is imposed on a good. The supply curve is a typical upward-sloping straight line, and the demand curve is a typical downward-sloping straight line. The tax decreases consumer surplus by $3,900 and decreases producer surplus by $3,000. The tax generates tax revenue of $6,000. The tax decreased the equilibrium quantity of the good from A. 2,400 to 2,000. B. 2,600 to 2,000. C. 3,000 to 2,400. D. 2,000 to 1,500.
Answers
Answer:
Explanation:
The journal entries are shown below:
1. Allowance for Doubtful Accounts A/c Dr $ 13,300
To Accounts receivable A/c $ 13,300
(Being written off amount is recorded)
2. Accounts receivable A/c Dr $3,200
To Allowance for Doubtful Accounts A/c $3,200
(Being reverse written off)
3. Cash A/c Dr $3,200
To Accounts receivable A/c $3,200
(Being amount collected)
4. Bad debt expense A/c Dr $19,300
To Allowance for doubtful debts $19,300
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
Ending balance of Allowance for Uncollectible Accounts = Beginning balance of Allowance for Uncollectible Accounts + 2019 bad debts - 2019 write off amount + collected amount
$27,200 = $18,000 + 2019 bad debts - $13,300 + $3,200
$27,200 = $7,900+ 2019 bad debts
So,2019 bad debts = $27,200 - $7,900 = $19,300
$80,000
Cleaning Supplies Used
22,000
Wages Expense
19,350
Office Rent Expense
5,150
Depreciation Expense—Machinery
550
Calculate the contribution margin and the contribution margin ratio. (Round your contribution margin to the nearest dollar, and your contribution margin ratio to two decimal places.)
A) $38,650; 48.31% B) $74,850; 93.56%
C) $60,650; 75.81% D) $32,950; 41.19%
Answers
Answer:
A) $38,650; 48.31%
Explanation:
The computation of the contribution margin and the contribution margin ratio is shown below:
Contribution margin = Service Revenue - Cleaning Supplies Used - wages expense
= $80,000 - $22,000 - $19,350
= $38,650
The variable cost is Cleaning Supplies Used + wages expense
And, the contribution margin ratio equals to
= (Contribution margin ÷ sales) × 100
= ($38,650 ÷ $80,000) × 100
= 48.31%
Answers
Answer:
Explanation:
The journal entry to record the note payable at discount
Cash A/c Dr $497,000
Discount on Note payable A/c Dr $12,000
To Note Payable A/c $509,000
(Being the note payable is recorded at discount)
Now we know that the discount is for 3 months but we have to calculated for 2 months only i.e from November 1 to December 31
So, the discount would be
= $12,000 × 2 months ÷ 3 months
= $8,000
And the journal entry is
Interest Expense A/c Dr $8,000
To Discount on Note payable A/c $8,000
(Being the interest expense is recorded)
Answers
Answer:
Y = 83.2 + 2.29x1 + 1.30x2
Y = 83.2 + 2.29(4) + 1.30(1.5)
Y = 83.2 + 9.16 + 1.95
Y = 94.31(thousand)
Y = $94,310
The gross revenue is $94,310
Explanation:
In this case, the estimated regression equation has been given. Since x1 is $4,000 and x2 is $1,500, then, we will substitute these values for x1 and x2 in the equation. The addition of all values after the substitution gives the gross revenue.
Answers
Answer:
The answer is D.
Explanation:
Net investment equals Gross investment minus depreciation.
Net investment equals Investment at the beginning of the year minus Investment at the end of the year.
Net investment = $105 million - $100 million.
Net investment = $5million.
Depreciation = 20% of investment at the start of the year
= 20% of $100million
= $20million.
Gross investment is therefore,
$5million + $20million
=$25 million
Answer:
Option D,$25 million is the correct answer.
Explanation:
The net investment formula can be used to compute gross investment by changing the subject of the formula as shown below:
Net investment = gross investment minus depreciation
Net investment =Closing capital stock minus opening capital stock
closing capital stock is $105 million
opening capital stock is $100 million
net investment=$105 million-$100 million=$5 million
Gross investment is unknown
depreciation=opening capital stock* depreciation %
depreciation=$100 million*20%
=$20 million
$5 million=gross investment-$20 million
gross investment =$5 million+$20 million
gross investment =$25 million
B.free enterprise.
C.international trade.
D.business competition.
Answers
Answer:
C.international trade
Explanation:
In business, resources are tangible materials used in the production process. Natural resources are valuable materials found beneath, above, or on the earth's surface. These materials are naturally occurring and are distributed unevenly across the globe. They include Minerals, forests, fertile lands, water, oil and gas, plants, and animals.
Some resources, such as minerals and water, become raw materials, while others, such as land, facilitate the production process. Because resources are unevenly distributed, regions with plenty can use them to produce goods and services and sell to areas with scarcity. No single region has the resources it requires. International trade makes it possible for regions to sell what they have in plenty and buy what they luck.