An operator wants to determine the standard deviation for a machine she operates. To do this, she wants to create a p-chart. Ove
r a month's time, she collects 30 samples of 75 observations each and records the number of errors. The average proportion defective is found to be 0.024. Which of the following is the standard deviation () of the machine?a. Less than or equal to 0.1b. More than 0.1 but less than or equal to 0.5c. More than 0.5 but less than or equal to 1.0d. More than 1.0
Answer: The answer is C. Inspection requires both product tear down and product reassembly.
Explanation: The aim of quality-control inspections is to ascertain whether a product has been made according to specifications, and whether there are any defects in the products.
Therefore quality-control inspections will involve product tear down, in order to check the component parts of a product for quality assurance, and product reassembly is carried out after the product tear down to reassemble the products if it is discovered that it meets quality standard.
At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price
Since in the question, the land was purchased at $40,000. Moreover, for the tax purpose, the land is valued at $27,000 and the qualified appraiser appraise the value at $48,000. The cash payment is also offered for $46,000
But at the time of recording or reported, the balance sheet would show at the purchase price i.e $40,000
