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4 years ago

Is a production process that generates customized products in high volumes?

1 answer:

4 0

The production process is called Mass Customization and it is defined as an example of the assemble-to-order strategy, where a firm's flexible processes generate customized products or services in high volumes at reasonably low costs. Basically it combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

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Twilight Company uses the aging of accounts receivable method to estimate Bad Debt Expense. The balance of each account receivab

AnnZ [28]

Answer:

a. Acct. receivable % uncollectible Est. uncollectible

1-30 days old $63,000 3% $1,890

31-90 days old $12,000 14% $1,680

> 90 days old $5,000 37% $1,850

Total $5,420

b. Date General journal Debit Credit

Dec 31 Bad debts expenses $5,150

Allowance for doubtful accounts $5,150

($5,420 - $270)

6 0

3 years ago

From 2000 to 2003, the number of employees at a certain company increased by a factor of 1/4. From 2003 to 2006, the number of e

Rina8888 [55]

Answer:

Let's assume that "X" be the number of employees in 2000.

∵ it's given :

From 2000 to 2003: the number of employees increased by a factor of 1/4

From 2003 to 2006: the number of employees decreased by a factor of 1/3

∴ We can equate the following details:

X×(increase in employee)×(decrease in employee) = 100

X×( $1+\frac{1}{4}$ )×( $1-\frac{1}{3}$ ) = 100

X×( $\frac{5}{4}$ )×( $\frac{2}{3}$ ) = 100

X×( $\frac{10}{12}$ ) = 100

X = 100×( $\frac{12}{10}$ )

X = 120

Therefore, the correct option is (b)

6 0

3 years ago

His income increased dramatically;from$5000 a year to $60,000 a year. Jim decides that instead of using the bus, he would buy a

svet-max [94.6K]

Answer:

This implies that bus is an inferior good and car is a normal good.

Explanation:

Initially, Jim's income was $5000 a year.

As his income increases to $60,000 a year, he decides to buy a car instead of using the bus.

In other words, with the increase in income, the demand for traveling by bus is declining.

This implies that it is an inferior good.

The demand for the car is increasing with an increase in income.

So, the car is a normal good.

An inferior good can be defined as a product that shows negative elasticity. This means with an increase in income its demand declines an vice versa.

A normal good can be defined as a product that shows positive income elasticity. That is, its demand increases with rise in income and vice versa.

4 0

3 years ago

Scott Corporation produces a part for use in the production of one of its products. The per-unit costs associated with the annua

denpristay [2]

Answer:

It is cheaper to buy the part. The company will save $5,000.

Explanation:

Giving the following information:

UNitary production cost:

Direct Materials $10.50

Direct labor $24.00

Variable factory overhead $ 5.50

Total avoidable Fixed factory overhead= (12*1,000) - 5,000= 7,000

Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit.

First, we need to calculate the total cost of making the units:

Total cost= (10.5 + 24 + 5.5)*1,000 + 7,000= $47,000

Now, the total cost of buying them:

Buy= 1,000*42= $42,000

It is cheaper to buy the part. The company will save $5,000.

3 0

3 years ago

Businesses often spend significantly more money on creating customer access for their products/service than they spend on advert

Ksivusya [100]

Answer:

The correct answer is:

True (A)

Explanation:

Customer access strategy is a framework or a set of standards, guidelines and processes, which defines the means by which a customer and the organization can interact, and means by which the customer has access to:

the relevant information needed to make purchases
the right logistics for the execution of a purchase

The arear of access are mainly information (value of the product, price of products, how products work) and logistics (means of getting the products, customer service on the after-purchase needs etc).

It has been studied extensively that companies are spending 3 to 4 times as much money on creating customer access than they do on advertising, this is because even if advertising is successful, the results will not be seen if customer access is not successful, and having an efficient customer access strategy can provide a competitive advantage to the producers.

5 0

3 years ago