How can an organization develop strategic flexibility?

The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams) and a box of six

joja [24]

Answer:

A) ≈ 3.509 grams

B) The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( NO )

c) 1.051 ounces

Explanation:

A) The largest standard deviation ( in grams)

This can be calculated applying the capability index formula and according to the capability index formula the value at which a process is capable is at : 1.33

hence the largest standard deviation = upper limit - lower limit / 6 * 1.33

( 354 - 326 ) / 7.98 = 3.5087 ≈ 3.509 grams

B) we first calculate the process mean and std of the box

standard deviation = $\sqrt{variance }$

std of the six-bar box = $\sqrt{6*0.86^2}$ = 2.106

process mean = 6 * ( 1.03 * 28.33) = 175.079

the mean is not centered between the upper specification and the lower specification hence we will apply the formulae used in calculating the capability index for an uncentered process

Cpk = (upper value - process mean) / (3 * std of box),

= (187 - 175.079) / ( 3 * 2.106) = 11.921 / 6.318 = 1.89

Cpk = (process mean - lower value ) / (3*std of box)

= ( 175.079 - 153 ) / (3 * 2.106) = 22.079 / 6.318 = 3.49

The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( N0 )

c ) lowest setting

calculate the value of the mean using capability index of 1.33

Cpk = (upper value - mean ) / 3 * std

mean = 187 - 1.33 * 3 * 2.106

= 187 - 8.40 = 178.60 grams

Cpk = ( process mean - lower value ) / 3 * std

mean = 1.33 * 3 * 2.106 + 153

= 8.40 + 153 = 161.40 grams

the lowest setting in ounces

= 178.60 / ( 6 bar * 28 .33)

= 178.60 / 169.98 = 1.051 ounces

5 0

3 years ago

McGriff Dog Food Company normally takes 30 days to pay for average daily credit purchases of $9,730. Its average daily sales are

Nookie1986 [14]

Answer:

The net credit position is -28,420 (thus, is i na debit position)

if the payment cycle increases to 37 days then, net credit position 40,800

The company improve its cash flow as is now delaying the paying of the purchases for more days thus, redducing his overall cash needs per year.

Explanation:

The net credit position is the difference between accounts receivable and accounts payable

Accounts receivable = average daily credit sales X average collection period receivable

Accounts receivable: 10,010 x 32 = 320,320

Accounts payable = average daily credit purchases X average payment period payable

Account Payable: 9,730 x 30 = 291,900

Accounts Receivable - Accounts Payable:

320,320 - 291,900 = 28,420

If the tiem period increases; then:

A/P = 9,730 x 37 = 361,120

position: 320,320 - 361,120 = 40,800

3 0

3 years ago

While making organizational decisions, managers should take into consideration the needs and interests of the employees, supplie

Art [367]

Answer:

Stakeholders.

Explanation:

Stakeholders are the group of people who may be interested in the processes of a particular company. They are formed by the group of employees, suppliers and customers, who are the stakeholders in the organization.

Therefore, it is necessary that strategic actions and business processes are aimed at satisfying the interests and needs of stakeholders, who are the company's public, that is, the reason for the existence of a company.

It is important for the company to identify who its stakeholders are and how they directly impact the business, so that it can shape a strategy that is aligned with its interests and what they expect from the company.

Satisfying stakeholders and adopting corporate governance, contributes to the company having a strong market position and achieving several competitive and strategic advantages in the market, increasing its results and profitability.

4 0

3 years ago

You just purchased two coins at a price of $790 each. Because one of the coins is more collectible, you believe that its value w

Novosadov [1.4K]

Answer:

$3,233.12

Explanation:

Data given in the question

Purchase value of two coins = $790

First coin rate = 7.3%

Second coin rate = 6.7%

So, after considering the above information, the amount worth in 20 years

= Purchase value of two coins ×(1 + interest rate)^number of years

= $790 × (1 + 0.073)^20

= $790 × 4.0925541961

= $3,233.12

4 0

3 years ago

Chicago Company reported the following information at the end of the current year

Nookie1986 [14]

Answer:

37,000 common stock outstanding

preferred stock dividends = $82,000 x 10% = $8,200

Case A The preferred stock is noncumulative, the total amount of dividends is $32.000

dividends distributed to preferred stockholders = $8,200
dividends distributed to common stockholders = $32,000 - $8,200 = $23,800

since the preferred stocks are non-cumulative, if dividends are not paid during a certain they are "lost" and will not be recovered.

Case B The preferred stock is cumulative, the total amount of dividends is $24,600

dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
dividends distributed to common stockholders = $0

Case C The pretend stock is cumulative, the total amount of all dividends is $90,200

dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
dividends distributed to common stockholders = $90,200 - $24,600 = $65,600

5 0

3 years ago

How can an organization develop strategic​ flexibility?

How can an organization develop strategic flexibility?