Answer:
3,300 defects
Explanation:
If there are 5 defect opportunities per unit, and 2,000 units were inspected, the number of defects per opportunity observed was:
Therefore, the number of defects per 1 million opportunities (DPMO) is:
The number of defects per 1 million opportunities (DPMO) for this process is 3,300.
Answer:
$1,295.03
Explanation:
To find the answer, we will use the present value of an annuity formula:
PV = A ( 1 - (1 + i)^-n) / i
Where:
- PV = Present Value of the investment (in this case, the value of the loan)
- A = Value of the Annuity (which will be our incognita)
- i = interest rate
- n = number of compounding periods
Now, we convert the 7.9 APR to a monthly rate. The result is a 0.6% monthly rate.
Finally, we plug the amounts into the formula, and solve:
75,500 = A (1 - (1 + 0.006)^-72) / 0.006
75,500 = A (58.3)
75,500 / 58.3 = A
1,295.03 = A
Thus, the monthly payments of the car loan will be $1,295.03 each month.
Answer:
The effective rate of interest in the fifth year is 6.15%
Explanation:
Mathematically, the effective rate of interest can be calculated as follows;
Reff = (1 + r/y)^y - 1
where;
r is the interest rate = 6% = 6/100 = 0.06
y is the period = 5 years
Substituting these values;
Reff = (1 + 0.06/5)^5 - 1
Reff = (1 + 0.012)^5 - 1
Reff = 1.012^5 - 1
Reff = 1.061457 - 1
Reff = 0.0615 which is 6.15%
Answer:
Ending inventory is greater than beginning inventory when purchases are less than cost of goods sold.
Explanation:
Ending inventory is greater than beginning inventory when purchases are less than cost of goods sold is the wrong answer option
Ending inventory is the amount of inventory a company has in stock at the end of it's fiscal year. It is the beginning inventory plus net purchases minus cost of goods sold.
When the beginning inventory is greater than the ending inventory, then has been sold in the period than you bought.
Answer: Fraud is the use of misrepresentation or deception to receive money or an item of value. Kiting and Lapping are common techniques used to defraud a second party of cash.
Explanation:
Kiting: a method of defrauding banks involving drawing a check against an account which does not have any, or adequate amount. For instance, paying a check from Account A into account B and then drawing against the account from an account C in another bank, when there is actually no/insufficient money in account A, which should be paying the initial check.
Lapping: a method of defrauding an employer by modifying sales records to hide a theft. It typically involves the use of subsequent cash payments to cover the missing cash and this can be continuous unless there is a segregation of duties between employees in charge of cash collection and recording.
