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quester [9]
3 years ago
14

Critically analyze the difference and points of convergence between floor inspection and functional inspection

Business
1 answer:
r-ruslan [8.4K]3 years ago
4 0

Answer:

Please refer to the below;

Explanation:

Difference between Floor inspection and Functional inspection.

• Floor inspection is usually conducted in a production environment. It involves checking of materials while processing in the machine by inspectors. Rather than checking the materials in the machine at the beginning of production, floor inspection checks the materials while in process inorder to ensure that the defected ones are quickly detected and expunged. It also ensure that the equipments used in processing are properly functioning.

• Functional inspection is an inspection that checks the overall function of a product rather than what makes up the component parts. For instance the load capacity and speed of a vehicle can be checked for optimal performance whereas individual parts that make up the vehicle are not checked, yet bring out satisfactory performance when combined together. This form of inspection is concerned with verification of final output and does not provide details about different sections instead provides a wider understanding of comfort that emanate from inspecting same item.

Points of Convergence between Floor inspection and Functional inspection.

• The key objective of both floor and functional inspection is quality output having reviewed and examined their expectations.

• Both floor and functional inspection work to prevent defective product from flowing down the successive operations and avoid loss to the company

• Both floor and functional inspection aim at meeting customers requirements, wants and needs.

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Angela is a project manager who leads a curriculum project. She is creating an outline of what each team member needs to complet
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Answer:

Planning

Explanation:

Project planning refers to all you do to set up a successful project. It's the process you're going through to set the steps needed to define your project goals, clarify the scope of what needs to be done and develop the task list to do that.

6 0
3 years ago
Read 2 more answers
How does payroll withholding help a company's employees? (1-2 sentences. 2.0 points)
Rudiy27

Answer:

It helps them to get their money without attending to their work places

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3 years ago
8-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the
nexus9112 [7]

Answer:

Current price of bond is $1060.47

Explanation:

Coupon payment = 1000 x 8% = $80 yearly = 80/2 = $40 semiannually

Number of periods = n = 8 years x 2 periods per year = 16

Yield to maturity = 7% yearly = 7% / 2 = 3.5%

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond =$80 x [ ( 1 - ( 1 + 3.5% )^-16 ) / 3.5% ] + [ $1,000 / ( 1 + 3.5% )^16 ]

Price of the Bond = $80 x [ ( 1 - ( 1.035 )^-16 ) / 0.035 ] + [ $1,000 / ( 1.035 )^16 ]

Price of the Bond = $483.76 + $576.71

Price of the Bond = $1,060.47

7 0
3 years ago
The liquidity of a company with significant amounts of obsolete inventory is best measured by the ______ ratio.
Mariulka [41]

<u>Answer: </u>

The liquidity of a company with significant amounts of obsolete inventory is best measured by the inventory turnover ratio.

<u>Explanation: </u>

  • Depending on how functional the inventories are, the ratios of inventory turnover would bulk or shrink.
  • To have a clear picture of the amounts of obsolete inventory, an examination of the inventory turnover ratio would help greatly as it would dispense the necessary comparative data related to all the inventories.
  • The functionality of the inventories can thus be clearly devised from the inventory turnover ratio.
7 0
3 years ago
Roger Fox made deposits of $900 semiannually to Reed Bank at the end of each period, which pays 6% interest compounded semiannua
Molodets [167]

The balance in the account eight years after the last deposit is $24,676.68

What is an ordinary annuity?

Ordinary annuity means a fixed amount that would be paid over a period of time, with payments being made at the end of each period.

Like in this scenario, the $900 would be deposited every six months into the Reed Bank account for 7 years, in essence, our first task is to determine the balance in the account as at the time of last deposit in 7 years using the future value formula of an ordinary annuity as shown below:

FV=annuity payment*(1+r)^N-1/r

annuity payment=$900

r=semiannual interest rate=6%/2=0.03

N=number of semiannual payments in 7 years=7*2=14

FV=$900*(1+0.03)^14-1/0.03

FV=$900*(1.03)^14-1/0.03

FV=$900*(1.51258972485511-1)/0.03

FV=$900*0.51258972485511/0.03

FV=$15,377.69

The balance in the account eight years after the last deposit can be computed using the future value formula of a single cash of $15,377.69

FV=PV*(1+r)^N

PV=balance at the time of last deposit=$15,377.69

r=semiannual interest rate=6%/2=0.03

N=number of semiannual periods in 8 years=8*2=16

FV=$15,377.69*(1+0.03)^16

FV=$24,676.68

Find out more about the future value of an ordinary annuity on:brainly.com/question/5303391

#SPJ1

6 0
2 years ago
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