Answer:
<em>The management of Elextric Corp., a computer manufacturing company, wants the employees in the organization to contribute to the quality of the firm by making gradual, continuous improvements in their departments. Given this information, Elextric Corp. embraces an approach known as </em><em><u>Six </u></em><em><u>sigma</u></em>
<em>What</em><em> </em><em>is </em><em>Six </em><em>sigma?</em><em> </em>
<em>Six </em><em>sigma </em><em>refers</em><em> </em><em>to </em><em>a level quality that is near perfection.</em><em> </em><em>It </em><em>strives </em><em>for </em><em>a </em><em>detect </em><em>level </em><em>that </em><em>is </em><em>no </em><em>more </em><em>than </em><em>3</em><em>.</em><em>4</em><em> </em><em>parts </em><em>per </em><em>million</em><em>.</em><em> </em><em>As </em><em>a </em><em>methodology</em><em>,</em><em> </em><em>Six </em><em>sigma </em><em>refers </em><em>to </em><em>DMA</em><em>I</em><em>C </em><em>or </em><em> </em><em>D </em><em>M </em><em>A </em><em>I </em><em>C </em><em>a </em><em>methodology</em><em> </em><em>for </em><em>improvement</em><em> </em><em>named </em><em>after </em><em>its </em><em>five</em><em> </em><em>phases </em><em>of </em><em>d</em><em>efine</em><em>,</em><em> </em><em>measure,</em><em> </em><em>analyze,</em><em> </em><em>improve,</em><em> </em><em>and </em><em>control.</em>
Answer:
Statement of Cost per equivalent unit
Particulars Materials Conversion
Cost of beginning work in process $8,130 $9,128
Add: Costs added during the month <u>$226,500</u> <u>$284,232</u>
Total cost A $234,630 $293,360
Number of equivalent units B <u> 9,900 </u> <u> 9,400 </u>
Cost per equivalent unit (A/B) <u>$23.70 </u> <u>$31.21 </u>
Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce
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Answer:
<em>Regular savings account </em>
Explanation:
<em>One requires to commit small amounts of income each month on a regular savings account.</em>
In exchange for providing your savings provider a fixed level of income every month, they normally pay you a higher rate of return than, for instance, if you invest a lump sum in a cash ISA or easy access account.
However, the best regular savings rates also exceed the prices on the longer fixed-rate offers offered.
This type of account has rigorous terms of service that may cause you to lose your competitive rate if you fail to adhere to them.
Answer:
1. Accept deposits;make loan;deposits.
2. Commercial banks, savings banks, savings and loan associations (thrifts), and credit unions.
Explanation:
Depository institutions are required to accept deposits and make loans although the general terms used to describe these financial products may vary across the various types of institutions. Non-depository institutions, in contrast, accept cash contributions from their customers, but the cash inflows are not called deposits instead, they're called shares or premiums.
Depository institutions include commercial banks, savings banks, savings and loan associations (thrifts), and credit unions.
Non-depository financial institutions include mortgage banks, pension funds, insurance companies, mutual fund, securities firms etc.
