What trade-offs are involved in shifting from a traditional operations system to a lean system for a manufacturing firm?
Answers
The lean system has many trade-offs compared to traditional systems. The lean system is focused on efficiency and reducing waste from the system. At times, it may cause losses in other forms.
A tradition is a belief or behavior (folk custom) that has a symbolic or special meaning and is passed down within a group or society that has its origins in the past. [1][2] As part of cultural expression and folklore, common examples include holidays and impractical but socially significant clothing (such as lawyer's wigs and officer's spurs) But this idea also applies to social norms such as greetings. Traditions can persist and evolve for thousands of years.
The word tradition itself is derived from the Latin word trader, which literally means to transfer, deliver, or give for safekeeping. Although it is commonly believed that traditions have ancient histories, many traditions It was deliberately invented in a short time politically or culturally. Different scientific disciplines also use the word in different ways.
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Related Questions
What type of relationship do a lawyer and a client have?
A) an administrative relationship
B) a labor relationship
C) an agency relationship
D) a tort relationship
Answers
Answer:
An Agency relationship but it's D on Edge
Explanation:
The type of relationship a lawyer and a client have is an agency relationship. Thus option (C) is correct.
What is an agency?An agency is a business, firm, or organization that provides a specific service. Sometimes but not always the agencies also work on behalf of another group, business, or person.
Some agencies work for the private sector like an advertising agencies, employment agencies, and travel agencies. Some are government agencies for example they are part of the public sector.
The advertising agencies, add agencies, or creative agencies are firms that focus on creating, planning, and handling advertising. In fact, some employment agencies belong to the government; therefore, they may also be in the public sector.
The type of relationship a lawyer and a client have is an agency relationship. Therefore, option (C) is correct.
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Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a $400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000
Answers
Answer:
A. $300
Explanation:
The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;
= Opening balance + purchase made - credit received - payment made
= $1,200 + $1,500 - $400 - $2,000
= $300
Hence, the amount will go into the schedule of accounts for Custom Motors is $300
Therefore the option a is correct
And, the same would be considered
Answer:
A 300
Explanation:
Identify a recent business trend that could be contributing to the increased number of collusive frauds.
a. Increasing frequency of supplier alliances, and closer relationships between buyers and suppliers.
b. Reducing costs and product quality by using same suppliers.
c. Increased competition amongst suppliers.
d. Advances in technology that simplify the process of conducting business.
Answers
Supplier alliances are occurring more frequently, and suppliers and customers are getting to know one another better.
Fraud Collusion Dangers.
The standard acknowledges the dangers of collusion as well as the increased risk for the auditor in expressing an incorrect opinion, or "audit failure."
The issues with asset misappropriation and financial statement misstatement are brought up by the amended standard for auditors to consider.
Employees, suppliers, customers, and other parties must enlist the help of their co-conspirators in the first type of fraud, or at the very least work together to plan it. This is not a simple task, as it will be discussed below; in an asset theft scheme, coordination and recruitment demand a certain level of risk from the participants.
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A business must decide whether to open a new office in China. If it opens the
branch, it will increase its chances of selling a high volume of its products in
China. On the other hand, the business will have to spend a lot of money to
make the branch operational.
What would be an opportunity cost for the business if it chooses to open the
new branch in China?
A. The business could not use the money it spends on the new
branch for something else.
B. The business would be able to increase the selling prices for most
of its products.
C. The business would have to spend all its money making new
Chinese products.
D. The business would be able to easily sell its products to many new
customers.
Answers
Answer: A. The business could not use the money it spends on the new
branch for something else.
Explanation:
Opportunity cost simply means the cost of what one forgoes when an alternative decision is taken.
Since the business chooses to open a new branch in China, the opportunity cost will be the money that the business could have spent on something else.
Therefore, the correct option is A.
The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) ______ marginal-utility-to-price ratio to ipads as a way to increase total utility.
Answers
The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) lower marginal-utility-to-price ratio to ipads as a way to increase total utility.
Consumer's Equilibrium can be defined as the satisfaction a consumer derived from using a product.
Total utility and marginal utility work together or hand in hand as it tend to determine the satisfaction a consumer derived after a product consumption.
Therefore an increase in total utility can tend to lower marginal utility.
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Nadeem is considering several expenses: getting his car fixed, buying the suit, or buying a new game console, Nadeem has enough cash on hand for two of these, but not all three. The trip to Las Vegas would require him to put charges on his card and pay them off over the next several months with interest. If you were a friend of Nadeems, how would you help him prioritize these expenses? Think about what Nadeem can afford right now and what he really needs. Also think about how he can get some of the more expensive things he wants without taking on too much debt.
Answers
Nadeem should prioritize his expenses and make responsible financial decisions.
First, I'd advise Nadeem to focus on essential needs, so getting his car fixed should be the top priority as it's crucial for transportation.
Next, between buying the suit and the game console, I'd suggest Nadeem consider the suit if it's necessary for work or an important event, making it a more pressing need than the game console. Since Nadeem has enough cash for two expenses, he can avoid taking on debt for now.
For the trip to Las Vegas, I'd recommend that Nadeem save money over time and plan the trip later when he can comfortably afford it without incurring interest charges.
By addressing immediate needs and saving for future wants, Nadeem can make responsible financial decisions.
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What is cold calling?
A. Calling people who have not shown interest in the product and asking them to buy it
B. Performing customer profile surveys over the telephone
C. Calling competitors and pretending to be a potential customer
D. Asking past customers whether they are satisfied with the product
Answers
Answer:
Explanation:
It's A and it is very hard to do. You are talking to someone whom you don't know and interrupting their day when they might be expecting someone important to them to be calling.
The others might be describing something, but it is not cold calling.
D is a survey
C is potentially a hazard. If the competitor ever finds it out, you can be in a pile of trouble.
B might be a cold call. It might be the reason for making a cold call, but you have to define the term more generally.
A stock had returns of 12 percent, 6 percent, 13 percent, -11 percent, and -2 percent over the past five years. What is the geometric average return for this time period?
A: 4.35%
B.3.19%
C.3.29%
D.4.08%
E. 4.57%
Answers
4.35% is the geometric average return for this time period. Thus, option A is the correct option.
To calculate the geometric average return, you multiply the individual returns and then take the fifth root of the result, considering a 5-year period.
Geometric Average Return = (1 + r1) * (1 + r2) * (1 + r3) * (1 + r4) * \((1 + r5) ^ {(1/5)}\) - 1
Given the returns: 12%, 6%, 13%, -11%, and -2%, in decimal form they are: 0.12, 0.06, 0.13, -0.11, and -0.02.
Calculating the geometric average return:
Geometric Average Return = (1 + 0.12) * (1 + 0.06) * (1 + 0.13) * (1 - 0.11) * \((1 - 0.02) ^ {(1/5)}\) - 1
≈ 0.0435
Converting the result back to a percentage:
Geometric Average Return ≈ 4.35%
Thus, option A is the correct option.
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recommend practical strategy that could be implemented to ensure the effectiveness of the campaign
Answers
One of the most practical strategy that could be implemented to ensure the effectiveness of the campaign is to leverage on wideness of social media platforms.
How can social media improve campaign effectiveness?Today, platform of social media serves as essential tool for reaching a large audience quickly and cost-effectively. By using platforms like Face/bo/ok, Tw/it/ter etc, the campaign organizers can reach a broader audience and engage with their supporters.
They can also encourage audience to to share the campaign with their followers. Also, the tool allows for more targeted advertising, so campaigns can be directed to specific demographics which increases the likelihood of reaching their intended audience.
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if the actual purchase quantity will be 84,500 and supplier 1’s price is $1.95, what is the highest price at which supplier 2 will still be the lower-cost vendor for computech?
Answers
The highest price at which Supplier 2 will be the lower-cost vendor for Computech as long as the price per unit is less than $1.95.
To determine the highest price at which supplier 2 will still be the lower-cost vendor for Computech, we need to compare the costs of supplier 1 and supplier 2.
First, let's calculate the total cost from supplier
1. We multiply the actual purchase quantity (84,500) by the price per unit ($1.95):
Total cost from supplier 1 = 84,500 units * $1.95/unit
Next, we need to calculate the cost from supplier
2. Let's denote the price from supplier 2 as x (in dollars per unit).
The total cost from supplier 2 will then be:
Total cost from supplier 2 = 84,500 units * x/unit
To determine the highest price at which supplier 2 will still be the lower-cost vendor, we need to find the value of x that makes the total cost from supplier 2 lower than the total cost from supplier 1.
So, we set up the following inequality:
84,500x < 84,500 * $1.95
To solve this inequality, we can divide both sides by 84,500:
x < $1.95
Therefore, supplier 2 will be the lower-cost vendor for Computech as long as the price per unit is less than $1.95.
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Which career is likely to earn the highest salary?
a) Hairdresser
b)Dentist
c)News Anchor
d)Flight attendant
Answers
Answer:
b.) Dentist
Explanation:
Hope it helps!
Can someone please help me with this!!!!
Answers
Answer:
Eh easy aall you have to do is pay 4,305 dolllars
Explanation:
Presented below is information from Perez Computers Incorporated.
| July 1 | Sold $23,500 of computers to Robertson Company with terms 2/15, n/60. Perez uses the gross method to record cash discounts.
| 10 | Perez received payment from Robertson for the full amount owed from the July transactions.
| 17 | Sold $217,300 in computers and peripherals to The Clark Store with terms of 1/10, n/30.
| 30 | The Clark Store paid Perez for its purchase on July 17.
Prepare the necessary journal entries for Perez Computers.
Do not copy from Chegg and give complete answer with explanation
Answers
Perez Computers Incorporated would make the following journal entries: On July 1, a debit to Accounts Receivable for $23,500 and a credit to Sales for $23,500.
On July 1, when Perez Computers sold $23,500 of computers to Robertson Company, the journal entry would include a debit to Accounts Receivable (assets) for $23,500 and a credit to Sales (revenue) for $23,500, reflecting the increase in accounts receivable and sales. On July 10, when Perez received payment from Robertson for the full amount owed, the journal entry would include a debit to Cash (assets) for $23,500, reflecting the increase in cash, and a credit to Accounts Receivable (assets) for $23,500, reflecting the decrease in accounts receivable due to payment received.
On July 17, when Perez sold $217,300 in computers and peripherals to The Clark Store, the journal entry would include a debit to Accounts Receivable (assets) for $217,300 and a credit to Sales (revenue) for $217,300, reflecting the increase in accounts receivable and sales. On July 30, when The Clark Store paid Perez for its purchase, the journal entry would include a debit to Cash (assets) for $217,300, reflecting the increase in cash, a debit to Sales Discounts (contra-revenue) for $2,173 (1% of $217,300), reflecting the discount given for early payment, and a credit to Accounts Receivable (assets) for $219,473, reflecting the decrease in accounts receivable due to payment received after the discount.
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other things equal, an increase in the equilibrium interest rate will: group of answer choices rise when the supply of loanable funds increases. decrease purchases of capital goods and reduce r
Answers
Other things being equal, an increase in the equilibrium interest rate will result in a decrease in purchases of capital goods and reduce the equilibrium interest rate (r).
The equilibrium interest rate is determined by the interaction of the supply and demand for loanable funds in the financial market. When the supply of loanable funds increases, ceteris paribus (other things equal), it leads to a decrease in the equilibrium interest rate. This is because a larger supply of funds means there is more money available to be lent out, which creates competition among lenders and drives down the interest rate. Consequently, borrowers can obtain funds at a lower cost, leading to a decrease in the equilibrium interest rate.
The relationship between the equilibrium interest rate and purchases of capital goods is influenced by the cost of borrowing. An increase in the interest rate makes borrowing more expensive for businesses and individuals. As a result, businesses may reduce their purchases of capital goods since the cost of financing those investments has increased. The decrease in purchases of capital goods can have a broader impact on the economy, potentially leading to reduced investment, slower economic growth, and a decrease in the equilibrium interest rate.
Therefore, in the given options, the correct answer is that an increase in the equilibrium interest rate will decrease purchases of capital goods and reduce the equilibrium interest rate (r).
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Why does the Federal Reserve focus on targeting the federal funds rate?
Answers
Answer:
The Federal Reserve uses certain tools to adjust this rate, because it influences other interest rates, such as those you pay on credit cards, mortgages, and bank loans. It also affects the value of the U.S. dollar and other household and business assets. That makes it the most important interest rate in the world.
Explanation:
Because
2. Which type of work — a job or a career — do you think demands more emotional energy, and why?
Answers
Answer:
doctor
Explanation:
Making sure everyone is well taken care of and prescribed the right medication
Both jobs and careers can demand emotional energy, but the level of emotional energy required may vary.
What is a jobA job is typically short-term and may not provide a strong sense of purpose, leading to a lower emotional investment. On the other hand, a career involves long-term goals and personal development, leading to a deeper commitment and sense of purpose, which can require a higher level of emotional energy.
Individual circumstances, job responsibilities, and personal motivations can also influence the emotional energy demanded by a job or career. Ultimately, emotional energy is an important consideration in both professional pursuits, as it impacts job satisfaction, motivation, and overall well-being.
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Which is NOT one of the four common approaches to determine R&D budget allocations?A) Finance as many project proposals as possible.B) Budget for R&D about what competitors spend.C) Use a percentage-of-costs method.D) Decide how many successful new products are needed and work backwards to estimate the required R&D investment.E) Use a percentage-of-sales method.Ch 4 p. 111
Answers
The option that is NOT one of the four common approaches to determine R&D budget allocations is option A) Finance as many project proposals as possible.
The four common approaches mentioned in the question are B) Budget for R&D about what competitors spend, C) Use a percentage-of-costs method, D) Decide how many successful new products are needed and work backwards to estimate the required R&D investment, and E) Use a percentage-of-sales method.
Option A) is not a recommended approach because financing every project proposal without considering the potential return on investment can lead to a waste of resources and a lack of focus on the most promising projects. It is important for companies to prioritize their R&D projects based on their potential for commercial success and allocate resources accordingly. The other options mentioned provide more structured and strategic approaches to R&D budget allocation.
Using a percentage-of-sales method is another common approach where companies allocate a percentage of their sales revenue towards R&D activities. This approach ensures that R&D investments are tied to the company's overall financial performance and growth objectives. However, this method can also be limiting as it does not consider the potential for new market opportunities or the need to invest in breakthrough technologies.
Overall, companies must carefully consider their R&D budget allocation strategy and choose an approach that aligns with their business objectives and growth ambitions.
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Compare and contrast three structures of tax system
Answers
The three structures of a tax system are progressive, regressive, and proportional. Each of these structures has different implications for how individuals and businesses are taxed.
Progressive taxes are those that increase in rate as income increases. This means that individuals with higher incomes pay a higher percentage of their income in taxes. Examples of progressive taxes include income taxes and estate taxes.
Regressive taxes, on the other hand, decrease in rate as income increases. This means that individuals with lower incomes pay a higher percentage of their income in taxes. Examples of regressive taxes include sales taxes and excise taxes.
Proportional taxes, also known as flat taxes, are those that remain the same regardless of income. This means that all individuals pay the same percentage of their income in taxes. Examples of proportional taxes include property taxes and some corporate taxes. Overall, the main difference between these three structures of the tax system is how they affect individuals with different levels of income. Progressive taxes tend to benefit those with lower incomes, while regressive taxes tend to benefit those with higher incomes. Proportional taxes, meanwhile, have the same impact on all individuals regardless of their income level.
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If the buyer, who has signed a buyer broker contract, finds a For Sale by owner, then?
Answers
Answer:
Then the buyer must tell the broker and have him set up an appointment and handle the negotiations.
Explanation:
If you sign for a buyer-broker contract, then you should know that the broker must be the essential 'lead' when it comes to, say, buying a house.
PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
When comparing financial institutions, price is an important factor. What is TRUE about prices in financial institutions?
A. Interest rates on CD accounts are lower than on other types of accounts.
B. Higher interest rates will give you a higher return on your money.
C. It is illegal for financial institutions to have fees attached to checking accounts.
Answers
hope this helps you :)
Higher interest rates will give you a higher return on your money.
Prompt
What is the difference between liquid and illiquid assets?
Answers
Answer:
Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. While on the other hand, Illiquid or fixed assets are possessions of value that are held long-term such as a home, land or equipment.
Hope this helps
Answer:
Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. ... Illiquid or fixed assets are possessions of value that are held long-term, such as a home, land, or equipment
Explanation:
I think it will help But if im wrong Its ok:)
Write the definition in your own words
Cash Basis of Accounting:
Accrual Basis of Accounting:
Matching Principle:
Time-Period Principle:
Accounting Period:
Answers
The definition in my own words are:
Cash Basis of Accounting: is type of accounting that that makes use of revenues and expenses at the time cash is received.Accrual Basis of Accounting: The accrual basis of accounting focus on recording revenues .Matching Principle: can be regarded as accounting concept that focus on companies report expenses .Time-Period Principle: is one that a business should report the states that financial results of its activities .Accounting Period: serves as the period of time that is used for accounting functions, this can be a fiscal year.What is accounting?Accounting serves as the process which involves the recording as well as summarizing business and financial transactions.
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the following question asks you to analyze the monopolistically competitive market structure, which has some characteristics of both a monopoly and a competitive market.
Answers
The monopolistically competitive market structure, which has some characteristics of both a monopoly and a competitive market. Both competitive and monopolistically competitive markets are easy to enter and exit in the market. The goods in a monopolistically competitive market is slightly variated or there is product-differentiation while those in competitive markets are homogenous.
What is a monopolistic competition?Monopolistic competition is a sort of market structure in which numerous businesses are present in a given sector and make comparable but distinctive goods .
None of the businesses has a monopoly, and they all run their own businesses without taking into account what other businesses are doing .
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The table below shows the measurements M1 and M2 taken by the same analyst. Draw a scatter plot of the data.
M1 0.243 0.352 0.357 0.469 0.444 0.555 0.552
M2 0.245 0.348 0.361 0.470 0.439 0.560 0.548
a.
C.
0.75
0.75
0.625
0.625
.
0.5
0.3
.
0.375
0.375
2
0.23
0.25
0.125
0.125
0.125
0.25
0.375
0.5
0.62
0.125
0.25
0.375
0.5
0.62
Answers
Answer:
Its C
Explanation:
Answer:
C
Explanation:
ifunny is dankreloaded
Choose the answer.
Miguel is planning a teleconference that involves people from New York, Los Angeles (three hours behind New York), and Paris (six hours ahead of New York). He wants to avoid making anyone participate when people in that time zone are typically asleep. When is the best time for him to plan this teleconference using New York (Eastern) time?
Question 2 options:
6:00 a.m.
noon
4:00 p.m.
6:00 p.m.
Answers
Answer:
4:00 p.m or
by noon
Because it would be too early by 6:00am in the morning but by noon or 4:00pm everyone would have been ready by then.
At a production and sales level of 3,000 units, Clarkson Company incurred $60,000 of fixed cost and $36,000 of variable cost. When 4,000 units of product are produced and sold, the company's total cost is expected to be:a. $116,000b. $108,000.c. $128,000.d. $96,000
Answers
We must compute the entire fixed expense and all variable expenses in order to establish the overall cost for the manufacturing process and sale level of 4,000 units. $108,000. Option B.
Since we are aware that the fixed expense is $60,000, we may conclude that it is unaffected by the quantity of units made and sold.
We must find the variable expenses per unit and multiplied it by the quantity of units made and sold in order to determine the variable cost.
This is how the variable price per unit is calculated: Total variable cost / Number of units produced equals variable cost per unit. $12 per unit is the variable price per unit ($36,00/3,000).
The variable cost of producing and marketing 4,000 units is as follows: Variable cost is calculated as Variable price per unit times the quantity produced. 4,000 times $12 equals $48,000 in variable costs.
Fixed cost plus variable cost equals total cost $60,000 + $48,000 = $108,000 is the total price.
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What’s the answer????
Answers
Answer:
Economics is the answer
What is meant by the economic problem?
Answers
Answer:
hey! hope this helps love! Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity.
Which knowledge area has been identified by architects, carpenters, and building inspectors as important in their work?
mathematics
building and construction
design
customer and personal service
Answers
Answer:
Building and Construction
Explanation:
Edg
In most cases, a distribution channel is a(n) _____ between the products a brand manufactures and the customers that buy the product.
Answers
Most of the time, we can explain distribution channel is an intermediary which exist and serves as gap between products a brand manufacturer as well as customers that consumes product.
Intermediary in distribution channel is very crucial because they are the ones that makes the products from manufacturer to get down to the final consumers.They includes: The wholesaler, The retailers and these people makes the channel to be completed.Therefore, intermediary is the correct term.
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