The organization that developed the standards to judge corporate performance is the International Organization for Standards (ISO). The International Organization for Standardization (ISO) is the organization that has developed standards to judge corporate performance, including economic aspects.
ISO is the International Organization for Standardization, and it has developed over 20,000 standards for businesses, governments, and other organizations around the world. ISO Standards were created to help organizations improve their products, services, and processes while also reducing costs and increasing efficiency. They can be used by any organization, regardless of its size or sector, to improve its operations.
ISO standards help businesses with the following: Reducing costs and improving efficiencyImproving customer satisfactionEnhancing risk managementIncreasing globally trade encouraging innovation and sustainable developmentIn conclusion, the main answer to this question is the International Organization for Standards (ISO), and the explanation of its purpose has been given above.
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give four basic functions of the government
the 4 functions of government are:
1.maintain and make laws
2.raise taxes
3.protect environment
4.national defence
Answer:
listening to the citizens before making decisions .Helping in the development activities .making suitable rules and regulations for the country .Providing citizenship cards to the every citizens of the country .hope it is helpful to you
How are goods made by ceramics?
Write a generalization about the relationship between price and the quantity supplied
Answer:
PRICE CHANGES
Price and quantity supplied are directly related. As price goes down, the quantity supplied decreases; as the price goes up, quantity supplied increases. Price changes cause changes in quantity supplied represented by movements along the supply curve.
The act that has its own definition and remedial steps for mistakenly created e-commerce contracts:
Answer:
Electronic Signatures in Global and National Commerce Act (ESIGN)
Explanation:
The act with its definition and remedial steps for mistakenly created e-commerce contracts is" Electronic Signatures in Global and National Commerce Act (ESIGN)."
The United States Congress passed the Electronic Signatures in Global and National Commerce Act (ESIGN) in 2000. It has its definition by defining some keywords or phrases such as "Electronic," "Electronic Record," Electronic Signature," etc., under section 106 of the act.
It also states the remedial steps for mistakenly created e-commerce contracts under another section.
wilson electric reports income tax expense of $151,000. income tax payable at the beginning and end of the year are $20,200 and $25,300, respectively. what is the cash paid for income taxes during the year?
according to the question $104,700 is the cash paid for income taxes during the year.
Why is there an income tax?An individual must pay the individual income tax, sometimes known as the personal income tax, on all of their annual income, including wages, wages, dividends, interests, and other types of income. The state where the income is derived often levies the tax.
How is income tax such a big deal?Taxes are used by the government to pay for a range of social welfare, including measures to create jobs. The government is responsible for covering the administrative expenses for the different departments' thousands of employees.
Briefing:cash paid = income tax expense - (income tax payable at the beginning + end of the year)
= $151,000 - ($20,200 + $25,300)
= $105,500
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You work for REV and check your work email on your mobile phone. You have decided to resign
your job and take a position with a different company. Regarding RDM on your mobile phone,
what should you do?
A. Turn your phone to IT Services
B. Take your phone to IT Services, and they will wipe it clean
C. Download RDM to your personal computer
D. Call IT Services for support, and they will assist
E. Nothing. IT Services will automatically remove all data
If you checked your work email on your mobile and you are leaving REV to work elsewhere, you should B. Take your phone to IT Services, and they will wipe it clean.
What should you do when leaving a company?You are to return all devices that the company gave you unless specified otherwise.
All personal devices that you used for work, should be given to the IT department so that they can wipe it clean of company information. This includes personal mobile phones.
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what is the square root of 378
Trade between nations can be mutually beneficial if one country has:.
Trade between nations can be mutually beneficial if one country has a comparative advantage.
What do you mean by a comparative advantage?
The model of comparative advantage is one of the basic concepts that underlies the theory of international trade and shows that countries tend to specialize in the production and export of those goods that they manufacture at a relatively lower cost than the rest of the world.
Those that are comparatively more efficient than others and that tend to import goods in which they are more inefficient and therefore produce with costs that are comparatively higher than the rest of the world.
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Mark+takes+a+bank+loan+of+$2400+to+start+up+a+business+at+an+annual+interest+rate+of+7%.+how+much+will+he+have+to+repay+in+4+months?
Mark took a bank loan of $2400 to start up a business at an annual interest rate of 7%. The question asks how much he will have to repay in 4 months.
To calculate the amount Mark will have to repay in 4 months, we need to consider the interest that will accrue during this time period. First, let's calculate the monthly interest rate. Since the loan has an annual interest rate of 7%, we divide this by 12 (the number of months in a year) to get the monthly interest rate: 7% / 12 = 0.5833%. Next, we multiply the loan amount by the monthly interest rate to find out how much interest will accrue in one month: $2400 * 0.5833% = $14.00.
Now, we multiply the monthly interest amount by the number of months (4) to calculate the total interest that will accrue over the 4-month period: $14.00 * 4 = $56.00.Finally, we add the total interest to the loan amount to find out how much Mark will have to repay: $2400 + $56.00 = $2456. Therefore, Mark will have to repay a total of $2456 in 4 months.
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Scenario 4:
You just got the keys to your first apartment. You also have a new credit card with a $4,000 limit and you use it to
furish your new place. Before you know it, you've bought a TV, a couch and a dining room table. When you get the credit card bill, you realize you’ve spent your full credit limit of $4,000.
the credit card bill, you realize you've spent your full credit limit of $4,000.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?
Answer:
Explanation:
Scenario 1:
You want to purchase a new vehicle and you have your heart set on a brand new SUV. You take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees.
1. Does your credit score go up or down?
Your Credit Card score will go down.
2. Why does it go up or down?
It went down because you were late on your payments.
3. If your score goes down, how can you fix it?
Pay your payments on time.
Scenario 2:
You’ve been eager to buy a new cell phone for months, and now you’re ready to make it happen. You use your credit card to purchase the phone and you set up automatic billing to pay the monthly expenses. At the end of each month, you pay the credit card bill in full.
1. Does your credit score go up or down?
It goes up.
2. Why does it go up or down?
You pay your bills on time.
3. If your score goes down, how can you fix it?
It doesn't go down.
Scenario 3:
Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.
1. Does your credit score go up or down?
Your score will go up.
2. Why does it go up or down?
You will pay the loan back in full.
3. If your score goes down, how can you fix it?
It doesn't go down.
The credit score of the person is going to go down because it would mean that they have no credit left.
What is a credit score?This is a score that tells how a person is performing based on the credit that they apply for from financial services.
The credit score is going to go down because it would mean that they would be needing more credit.
If the score goes down the best way to make it rise is by making payments on time for the credit collected.
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Suppose the owners of the bank borrow $100 to supplement their existing reserves. This would increase the reserves account and:.
When the owners of the bank borrow $100 to supplement their existing reserves, it'll increase the reserves account and debt account.
What is a reserve account?It should be noted that a reserve account simply means the accumulation of funds that are used for future purpose.
In this case, when the owners of the bank borrow $100 to supplement their existing reserves, it'll increase the reserves account and debt account.
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Morten Food Products, Inc. Is a regional manufacturer of salty food snacks. The firm competes directly with the national brands including Frito-Lay, but only in the U. S. Southeast. Last year Morten sold $300 million of its various chip products and hopes to increase its sales in the coming year by offering a new line of baked chips. The new product line is expected to generate $40 million in sales next year. However, the firms analysts estimate that about 60 percent of these revenues will come from existing customers who switch their purchases from one of the firms existing products to the new healthier baked chips.
a. What level of incremental sales should the company analyst attribute to the new line of baked chips?
b. Assume that 20 percent of Mortens existing customers are actively looking for a healthier snack alternative and will move to another company baked chip offering if Morten does not introduce the new product. What level of incremental sales would you attribute to the new line of baked chips in this circumstance?
Introducing a new line of baked chips offers Morten Food Products, Inc. the potential to increase sales and appeal to health-conscious customers, but the level of incremental sales will depend on factors such as customer behavior and competition.
a. To calculate the level of incremental sales attributable to the new line of baked chips, we need to consider the proportion of sales that will come from new customers versus existing customers. According to the analysts' estimates, 60% of the $40 million in expected sales will come from customers who switch from Morten's existing products to the new baked chips. This equates to $24 million in sales from existing customers. Therefore, the level of incremental sales attributable to the new line of baked chips would be $40 million - $24 million = $16 million.
b. In this scenario, we need to consider the potential loss of sales from existing customers who are actively looking for a healthier snack alternative and may switch to a competitor's baked chip offering if Morten does not introduce the new product. Assuming that 20% of Morten's existing customers fall into this category, we can estimate that the potential loss of sales is 20% of $300 million, which is $60 million. Therefore, if Morten does not introduce the new line of baked chips, they stand to lose $60 million in sales.
Introducing the new product line is likely to mitigate some of this potential loss by attracting some of these health-conscious customers to Morten's new offering. Assuming that Morten can capture 50% of these health-conscious customers with their new line of baked chips, this would equate to $60 million x 50% = $30 million in incremental sales. Therefore, in this scenario, the level of incremental sales attributable to the new line of baked chips would be $30 million.
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Which one of the following is not needed in preparing a production budget?
a. Budgeted unit sales.
b. Budgeted raw materials.
c. Beginning finished goods units.
d. Ending finished goods units.
In preparing a production budget, beginning finished goods units are not typically needed. The correct answer is option c.
The production budget focuses on estimating the number of units to be produced during a specific period to meet the sales demand and maintain desired inventory levels. The key components of a production budget include budgeted unit sales (option a), budgeted raw materials (option b), and ending finished goods units (option d).
Budgeted unit sales determine the quantity of goods that need to be produced to meet customer demand.
Budgeted raw materials are necessary to estimate the amount of materials required for production. Ending finished goods units are essential to calculate the desired ending inventory levels. By considering these factors, a production budget can effectively plan and control the production process.
The correct answer is option c.
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What is formed by organized groups of cells with similar structures and a common purpose?.
Cells grouped together into tissues have a similar structure and cooperate to carry out a certain task. Organs are made up of many tissues. An organ system is made up of various organs working together.
What is organ system?The integumentary, muscular, respiratory, digestive, nervous, endocrine, cardiovascular, urinary, and reproductive systems are among the 11 organ systems.
Other organ systems include the lymphatic, skeletal, muscular, lymphatic-lymphatic, respiratory, and digestive-gastro-intestinal-nervous systems.
A group of organs that cooperate to carry out one or more functions is known as an organ system in biology. Each organ in a plant or animal body is composed of certain tissues and serves a specific purpose.
Muscular system and skeletal system.digestive system and muscular system.reproductive system and endocrine systemurinary system and cardiovascular system.To learn more about organ systems refer to:
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Will we ever live in a world without scarcity? Explain.
Answer:
No, as some items are limited and its supply may not be able to meet the demand
Explanation:
e.g. water
there is limited water on earth and recycling water takes time and money
some places may experience drought, increasing demand of water more than what is available
water is then considered scarce in that area, at that point in time
Answer:
Maybe and no.
Explanation:
To answer this question, one must first understand and define scarcity. In one's definition, scarcity is the limited access to a needed supply or the inability to obtain a needed supply.
Following this definition, we can apply this to disparity found throughout the world. The two types of scarcity that are faced daily are natural scarcity and artificial scarcity. Natural scarcity is simply the lack of the necessary resources needed to provide a certain supply, think gold. Artificial scarcity is simply the control of a resource that isn't readily available to the masses although it could be easily, think drinking water.
As there are a finite amount of resources on the planet, the answer to the question "Will we ever live in a world without natural scarcity?" would be no since we can only harvest resources so quickly, and eventually, the resources will be depleted. The only way to solve this long term, it to find resources from other terrestrial bodies, such as asteroids. In the short term, this could be solved by increasing production, but that could lead to other potential problems.
As there will always be the unaccountable "human factor", the answer to the question "Will we ever live in a world without artificial scarcity?" would be maybe. As humans don't place the same value on things or each other, it's impossible to say if we as a species will ever eliminate artificial scarcity. An assumed large portion of artificial scarcity comes from human greed or indifference, since we as a species have the means to help one another, but for some reason or another choose not to.
One could hope that in the future, artificial scarcity will be eliminated, and an alternative resource stream can be found to extend the inevitable natural scarcity.
Hope this helps.
Cheers.
John and Fred owned, as joint tenants with right of survivorship, business property that they purchased for $40,000. John furnished one fourth of the purchase price and Fred furnished three fourths of the purchase price. Depreciation deductions allowed before Fred's death were $8,000. Under local law, each had a one half interest in the income from the property. At the time of Fred's death, the fair market value of the property was $80,000, three fourths of which is includable in Fred's estate. What is John's basis in the property at the date of Fred's death
Answer:
$66,000
Explanation:
Given the following :
Property pur has price = $40000
John's portion of purchase price = 1/4 = (1/4 * 40000) = $10,000
Fred's portion = 3/4 = 0.75 * 40,000 = $30,000
Depreciation allowed before Fred's death = $8000
Each beared half :
That is ; (0.5 * $8000) = $4000 each
Fair market value of property at the time of Fred's death = $80,000
Portion owned by Fred at the time = 3/4
0.75 * $80,000 = $60,000
At this time, John has taken up full ownership :
Basis = $6000 + $60,000 = $66,000
Which behavior would NOT be considered a positive post-divorce coping strategy?
Reminiscing about the former spouse
Her number of roles will increase.
parent's education and family income
Lack of time with a parent
Reminiscing about the former spouse would not be considered a positive post-divorce coping strategy.
Reminiscing about the ex-spouse is not a recommended post-divorce coping technique. This kind of behaviour frequently results in unhappiness, regret, and a desire for the past, which might impede one's ability to move on and come to terms with life after divorce. Positive coping techniques, on the other hand, can include reaching out for social support, partaking in self-care activities like exercise or meditation, picking up new hobbies or interests, and putting an emphasis on personal growth and development.
Additionally, variables like parental education and family income can affect the resources accessible to people before and after divorce, while a child's adjustment and well-being can suffer from a parent's absence.
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merchandise is sold for cash. the selling price of the merchandise is $2,900 and the sale is subject to a 7% state sales tax. the journal entry to record the sale would include a credit to
The entry would include a credit to Sales tax payable for $420 in the accounts
When a business is compelled to collect sales tax, the buyer must also pay the sales tax in addition to the item's price. Once the sales tax is required to be paid to the taxing authority, the company maintains the money in a payable account. The business essentially serves as a "pass-through" for the purpose of collecting and sending the sales tax.
The journal entry would be passed in the books of accounts as follows:
Cash A/c.........Dr. $6420
Sales A/c........Cr. $6000
Sales tax payable......Cr. $420
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The gross domestic product (GDP) of a country was $112 billion in 2001. If the GDP grows at a constant rate of 4.3% per year, in what year will the GDP be greater than $200 billion
Answer:
The GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.
Explanation:
To calculate the GDP in a particular year after 2001, we know the equation will be,
GDP = 112 * (1+0.043)^t
Where,
t is the time in yearsIf we want to calculate the year in which GDP will be greater than 200 billion, we need to substitute the GDP part in the equation with amount of say 200 billion.
200 = 112 * (1+0.043)^t
200 / 112 = (1.043)^t
1.785714286 = (1.043)^t
Taking log on both sides and dividing the equation for t.
log(1.785714286) / log(1.043) = t
t = 13.772 years rounded off to 14 years
So, the GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.
the sarbanes-oxley act requires that companies must: group of answer choices pay taxes owed to the internal revenue service by the tax filing date. devise a budget each year to ensure cash outflows are not greater than cash inflows. conduct customer surveys each year to ensure satisfaction with products and services. document internal controls and assess their adequacy each year.
The Sarbanes-Oxley Act (SOX) was enacted in 2002 to prevent corporate scandals by increasing the accountability of companies and their officers to pay taxes owed to the internal revenue.
One of the key requirements of SOX is the documentation of internal controls and assessing their adequacy each year. This means that companies must document and evaluate their financial reporting processes, including the control environment, risk assessment, control activities, information, and communication, and monitoring. This helps ensure that financial statements are accurate and reliable, and that the company is complying with laws and regulations.
SOX also requires companies to have an independent auditor attest to the effectiveness of their internal controls over financial reporting. This helps provide assurance to investors and stakeholders that the financial statements are accurate and reliable.
While SOX does not specifically require companies to pay taxes owed to the Internal Revenue Service (IRS), it does require them to have effective internal controls over financial reporting, which includes tax reporting. Additionally, SOX does not require companies to devise a budget or conduct customer surveys each year, although these may be good business practices.
In conclusion, the Sarbanes-Oxley Act requires companies to document and assess the adequacy of their internal controls each year to ensure accurate financial reporting and compliance with laws and regulations. This helps increase transparency and accountability, which can ultimately lead to increased revenue and shareholder value.
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building a positive customer attitude toward the brand is a key component of _____advertising.
Building a positive customer attitude toward the brand is a key component of effective advertising. The customer is the ultimate target of advertising, and creating a positive impression of the brand in their minds is crucial for the success of any advertising campaign.
By highlighting the unique features and benefits of the brand, advertising can help build a strong brand identity and establish customer loyalty. Therefore, the customer is a vital component in any advertising strategy, and a positive attitude toward the brand is essential for achieving marketing goals. Building a positive customer attitude toward the brand is a key component of persuasive advertising.
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You own a coffee shop where a cup of coffee sells for $2.99. Your cost on the cup of coffee is $0.90. Calculate the margin
per cup of coffee.
Answer:$2:09
Explanation: If you subtract the 2 you will get your answer! :)
(Sorry I just read the question wrong)
The margin per coffee cup is $2.09
What is cost?In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service. In business, the amount of money expended to acquire something is considered as cost.
Margin per coffee cup = Selling Price - Cost Price
= $(2.99-0.90)
= $2.09
Therefore the margin on selling one cup pf coffee is $2.09.
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List and describe six (6) rules for communicating verbally and in writing with
someone.
1.
2.
3.
4.
5.
6.
What might be an example of corporate social responsibility
funding water conservation technologies.
An example of corporate social responsibility is funding for planting trees in the city or country.
What is corporate social responsibility?Corporate social responsibility is kind of a social responsibility of business owners and organizations towards the betterment of the society and environment. There are many ways to fulfill corporate social responsibility, such as planting trees, giving jobs to the underprivileged, funding for water and sanitation facilities, and many more.
At present times, this act of corporate social responsibility is being taken really seriously by business people, and they are fulfilling this responsibility with great zeal. There are dedicated departments in organizations that look after these activities.
Thus, planting trees is one example of corporate social responsibility.
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17)A company's amount of cost of goods sold reported on the income statement will be the same with a periodic inventory system as it would be with a perpetual system.
True
False
The statement is false. The cost of goods sold (COGS) reported on the income statement can differ between a periodic inventory system and a perpetual inventory system.
In a periodic inventory system, the COGS is calculated periodically at the end of an accounting period. It is determined by taking the beginning inventory, adding purchases made during the period, and subtracting the ending inventory. This approach does not track inventory on a real-time basis and relies on physical counts and periodic adjustments. On the other hand, a perpetual inventory system tracks inventory in real-time, continuously updating the inventory records with each purchase and sale. With a perpetual system, the COGS is calculated based on the specific costs associated with the items sold and the quantities recorded in the system. This allows for more accurate and immediate tracking of inventory costs.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUWhy are so many Americans quitting their jobs recently?
Multiple factors. A lot of states with elevated quits are states with higher-than-average c*ovid cases, but a lot of it is due to work market stress
the exponential form of 6×6×6×6 is 6 the base is 4 True or False?
In aggregate planning the use of reservations is a supply side variable in matching supply to demand. Select one: a. False b. True
**b. True**, in aggregate planning, the use of reservations is a supply side variable in matching supply to demand.
The **aggregate planning** process involves determining the most efficient way to match supply with demand in order to minimize costs and meet customer needs. Reservations, as a supply side variable, help organizations manage their resources more effectively by allowing them to allocate capacity and plan for future production. This not only ensures that demand is met, but also helps to maintain a steady level of inventory, reducing stockouts and excess inventory. By using reservations as a tool for managing supply, businesses can better align their operations with customer demand, leading to improved customer satisfaction and overall efficiency.
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Gary’s Gears is a production facility that produces metal gears. The first step is stamping, which happens at a press. There are two identical presses that operate simultaneously (gears can be stamped on either press). A press stamps one part at a time. It takes 1 minute to stamp a part, including loading and unloading. Before beginning a new batch of parts, there is a 20-minute setup involving die change. The batch size is 100 parts. In other words, after stamping 100 parts, the press must be set up again. The stamped parts are stored in a buffer area, called as the work-in-process (WIP) inventory rack. From here, the parts are taken to the furnace, where they are annealed (heat treated). Parts from different batches can be annealed together. To perform annealing, a boat (a type of fixture for holding stamped parts) loaded with parts is inserted into the furnace. While those parts are being annealed, newly stamped parts are loaded onto a spare furnace boat. Each boat can hold 70 parts. Once the boat is full, additional stamped parts are placed in the WIP inventory rack. After annealing is completed, the boat in the furnace is swapped with the boat outside the furnace and the next annealing cycle begins. Each annealing cycle takes a total of 30 minutes. The time to load and unload parts from a boat is very short, and can be neglected. The above system operates 8 hours a day, Monday through Friday. On Mondays, however, the furnace and both boats are cleaned. Thus, all parts stamped by the presses go straight to the WIP inventory rack on Mondays.
Questions
1. What is the throughput capacity of this system, in parts per week? In other words, how many parts can be processed per week?
2. What is the required buffer capacity of the WIP inventory rack?
3. What is the average inventory level in the WIP inventory rack (averaged over the factory operating hours)?
4. What is the system throughput capacity if the WIP inventory rack can hold only 500 parts?
5. What is the average number of factory operating hours that a part spends in the WIP rack in question 2? (Parts that do not wait in the WIP rack should be included in this average, and have zero waiting time by definition.)
6. What is the average number of factory operating hours that a part spends in the WIP rack in question 4? (Parts that do not wait in the WIP rack should be included in this average, and have zero waiting time by definition.)
1. The throughput capacity of this system is 4,480 parts per week. 2. The required buffer capacity of the WIP inventory rack is 100 parts. 3. The average inventory level in the WIP inventory rack is 0 parts. 4. The system throughput capacity is 700 parts. 5. The average number of factory operating hours that a part spends in the WIP rack in question 2 is 0 hours. 6. The average number of factory operating hours that a part spends in the WIP rack in question 4 is 0.714 hours.
1. The throughput capacity of this system is determined by the number of parts that can be annealed in a week. Each annealing cycle takes 30 minutes, and each boat can hold 70 parts. Therefore, the maximum number of parts that can be annealed in an hour is 140 (70 parts per boat x 2 boats per hour). The system operates for 8 hours a day, 5 days a week, but on Mondays the furnace is cleaned and no parts are annealed.
Therefore, the throughput capacity of this system is 140 parts per hour x 8 hours per day x 4 days per week = 4,480 parts per week.
2. The required buffer capacity of the WIP inventory rack is determined by the maximum number of parts that can be stamped but not annealed during the time it takes to complete one annealing cycle. Each press can stamp 100 parts in 120 minutes (100 parts per batch x 1 minute per part + 20 minutes for setup), so the maximum number of parts that can be stamped in 30 minutes (the time it takes to complete one annealing cycle) is 50 parts per press x 2 presses = 100 parts.
Therefore, the required buffer capacity of the WIP inventory rack is 100 parts.
3. The average inventory level in the WIP inventory rack is determined by the difference between the number of parts that can be stamped and the number of parts that can be annealed during the factory operating hours. The maximum number of parts that can be stamped in 8 hours is 800 parts (100 parts per batch x 8 hours per day x 2 presses), and the maximum number of parts that can be annealed in 8 hours is 1,120 parts (140 parts per hour x 8 hours per day).
Therefore, the average inventory level in the WIP inventory rack is 800 parts - 1,120 parts = -320 parts, or 0 parts (since the inventory level cannot be negative).
4. If the WIP inventory rack can hold only 500 parts, the system throughput capacity is determined by the number of parts that can be annealed before the WIP inventory rack is full. The maximum number of parts that can be stamped in 500 minutes (the time it takes to fill the WIP inventory rack) is 500 parts (100 parts per batch x 5 batches x 2 presses), and the maximum number of parts that can be annealed in 500 minutes is 700 parts (140 parts per hour x 500 minutes / 60 minutes per hour).
Therefore, the system throughput capacity is 700 parts.
5. The average number of factory operating hours that a part spends in the WIP rack in question 2 is determined by the average inventory level in the WIP inventory rack divided by the throughput capacity of the system. The average inventory level in the WIP inventory rack is 0 parts, and the throughput capacity of the system is 4,480 parts per week.
Therefore, the average number of factory operating hours that a part spends in the WIP rack in question 2 is 0 parts / 4,480 parts per week = 0 hours.
6. The average number of factory operating hours that a part spends in the WIP rack in question 4 is determined by the average inventory level in the WIP inventory rack divided by the throughput capacity of the system. The average inventory level in the WIP inventory rack is 500 parts, and the throughput capacity of the system is 700 parts.
Therefore, the average number of factory operating hours that a part spends in the WIP rack in question 4 is 500 parts / 700 parts = 0.714 hours.
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