The primary benefit of assembly lines is that they allow workers and machines to specialize at performing specific tasks, which can increase productivity. Large-scale assembly lines can allow for mass production of goods that would not be possible if products were made from start to finish by a single worker.
Answer: current liability for any portion due within one year
Explanation:
Notes payable are referred to as the written agreements whereby one party agrees to pay the other party a certain amount of money.
It should be noted that on the balance sheet, notes payable will appear as liabilities. In a situation when the amount is due within a year, then it's considered to be current liabilities while it's regarded as a long-term liability when it's more than a year,
It should be noted that a five-year note payable would appear on the balance sheet as current liability for any portion due within one year.
Concurrent control takes place while an activity is in progress so problems can be corrected before they get out of hand.
Concurrent control is the method of observing and modifying ongoing operations and procedures. While not always proactive, these controls can stop issues from getting worse. Because it works with the present, concurrent control is frequently referred to as real-time control. Concurrent control can be demonstrated by changing the water's temperature while taking a bath.
Concurrent controls entail spotting and stopping issues as they emerge in an organization. This implies that systems are continuously monitored. Concurrent controls start with standards, against which all employee behavior is evaluated. These frequently include criteria for quality control. This implies that goods and services can be examined as they are created or rendered to guarantee that only the best goods or services are created or rendered. Concurrent controls are significant since they take place instantly.This emphasizes continuous procedures or things that an organization may alter immediately to ensure that the goals can be achieved.
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Finishing this job could cost as low as $222,000 in total. If the project is finished in 45 weeks, the final cost will be $400,000. If the project is completed in 46 weeks, the overall cost will be $405,000. The project is finished in 45 weeks, which has the lowest overall cost.
This project can be finished for as little as $222,000 overall. This is so that there is no penalty if the project is finished in 45 weeks. A $5,000 fine is imposed if the project is finished in less than 46 weeks. Thus, completing the project in 45 weeks results in the lowest overall cost. Examining the costs associated with each action is one method to approach this. The first activity will cost $40,000 to complete. The second activity will cost $60,000 to complete. The third activity will set you back $80,000. The fourth action will set you back $100,000. The sixth activity will set you back $120,000. The project will cost $400,000 in total. The overall cost, if the project takes 45 weeks to complete, is $400,000. The whole expense is $405,000 if the project is finished in 46 weeks. Thus, completing the project in 45 weeks results in the lowest overall cost.
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