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jeyben [28]
3 years ago
14

Jack Ward is working in product development for an auto parts contractor. Ward’s firm received a large contract last summer to m

anufacture transaxles to be used in a new line of front wheel drive cars which a major auto manufacturer plans to introduce in the near future. The contract is very important to Ward’s firm, which has recently fallen on hard times. Just prior to obtaining the contract, half of the firm’s employees, including Ward, had been scheduled for an indefinite layoff. Final testing of the assemblies ended last Friday. The first shipments are scheduled for three weeks from today. As Ward began examining the test reports, he discovered that the transaxle tended to fail when loaded at more than 20% over the rated capacity and when subjected to strong torsion forces. Such a condition could occur with a heavily loaded car braking hard for a curve down a mountain road. The results would be disastrous. The manufacturer’s specifications call for the transaxle to carry 130% of its rated capacity without failing. Ward showed the results to his supervisor and the company president, who indicated that they were both aware of the report. If they did not deliver the assemblies on time, they would lose the contract. Ward must now decide whether to show the test results to the auto manufacturer. If you were Ward, what are the chances that you would notify the auto manufacturer?
1. Explain the reason why you would or would not notify the auto manufacturer in 150-500 words.
Business
2 answers:
77julia77 [94]3 years ago
6 0

Answer: I will notify the auto manufacturer.

Explanation:

I will notify the auto manufacturer if I find myself in such situation. The impact of a good communication in organization should not be underestimated. The ideal thing to do is to make the auto manufacturer aware of the present situation. Communication effectively ensures that the auto manufacturer receive information regarding the transaxle and helps in building a positive relationship.

Not informing the auto manufacturer about the situation with the transaxle will lead to lack of trust and enhance a negative relationship when he eventually founds out about it. One's reputation is also affected if one doesn't inform him and the trans axle eventually breaks down as envisioned.

It is essential that I give him timely updates and adequate information regarding the project.

otez555 [7]3 years ago
5 0

Answer:

So ya. I went to the park yesterday and saw a dog.

Explanation:

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The variance of a sample of 121 observations equals 441. The standard deviation of the sample equals 1.91. 231. 21. 11.
Cloud [144]

The standard deviation of sample equals: 11

Explanation:

Given:

                                 variance of sample (S^{2}) = 121

                                 no, of observations made = 441

                                         standard deviation = ?

By using the formula:

                          Standard deviation (S) = \sqrt{variance}

                                                                 = \sqrt{S}

                                                                 = \sqrt{121}

                                                                 = 11

Hence the standard deviation is equal to 11.

 

6 0
3 years ago
Kyle works for national sporting goods, where he manages critical data elements, such as identifying and acquiring new data sour
amid [387]
<span>Kyle is a Data Analyst. Data analysts do a variety of tasks involving data including organizing and structuring data for a business, search for patterns among data sets, write reports to help executives make decisions, and analyze data to inform business practices.</span>
8 0
3 years ago
A firm has sales of $1.8 million, and 20 percent of the sales are for cash. The year-end accounts receivable balance is $225,000
Juliette [100K]

Answer:

The average collection period is 56.25 days

Explanation:

The average collection period is the number of days' sales in receivables and calculated by using following formula:

The number of days' sales in receivables = 360/Accounts receivable turnover ratio

Accounts Receivable Turnover = Net Credit Sales/Accounts Receivable

Net Credit sales = Total Sales - the sales are for cash = $1,800,000 - 20% x $1,800,000 = $1,440,000

Accounts Receivable Turnover = $1,440,000/$225,000 = 6.4 times

The number of days' sales in receivables = 360/6.4 = 56.25 days

7 0
2 years ago
Which of the following statements best reflects a price-taking firm? a The firm has an incentive to charge less than the market
MatroZZZ [7]

Answer:

b

Explanation:

A price taking firm is a firm that must sell at the price determined by the forces of demand and supply. This is typical of firms that in industries that sell identical products.

If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.

There would be no incentive for a firm to sell below equilibrium price because it would be earning losses.

An example of an industry characterised by price taking firms are perfectly competitive industries.

For example, a farmer selling oranges is an example of a price taking firm

5 0
3 years ago
At the beginning of fiscal 2017, Wooster Company acquired a small savings and loan association for $102 million. The book value
bija089 [108]

Answer:

C. $17.25 million

Explanation:

In case of an acquisition, the assets are valued at their fair value and we will also include all unrecorded liabilities. Goodwill will be the excess payment over the net assets of the company. Excess fair value of land means that assets would increase by that amount to arrive at their fair value. Also, We have to include unrecorded liabilities in the total liabilities

Net Assets = Fair value of assets - Total liabilities

Or, Net Assets = (Book value of assets + Excess Fair value of land) - (Book value of liabilities + unrecorded liabilities)

Or, Net Assets = ($261 million + $3 million) - ($172.50 million + $6.75 million) = $84.75 million

Amount paid to acquire = $102 million

Goodwill = $102 million - $84.75 million = $17.25 million

4 0
3 years ago
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