1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
postnew [5]
2 years ago
8

There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er

rors can be detected and eliminated. However, the inspector is paid $8 per hour and can inspect units in the process at the rate of 30 per hour. If no inspector is used and defects are allowed to pass this point, there is a cost of $10 per unit to correct the defect later on. Should an inspector be hired?
Business
1 answer:
xenn [34]2 years ago
5 0

Answer:

Yes the inspector should be hired

Explanation:

Defective average = 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost is $10 each

No inspection = 9/30

= 0.300

Inspector = 8/30

= 2.67

Yes the inspector should be hired

You might be interested in
Presented below are selected account balances for Homer Winslow Co as of December 31, 2014.
Ronch [10]

Answer:

Sales Revenue 410,000 debit

        Income Summary    410,000 credit

--to close revenues accounts--

Income Summary               95,000 debit

      Administrative Expenses          38,000  credit

      Income Tax Expense                30,000  credit

      Sales Returns and Allowances 12,000  credit

      Sales Discounts                         15,000 credit

--to close expenses and other--

Income Summary     18,000 debit

Dividends                                   18,000 credit

--to close dividends--

Income summary    297,000 debit

   Retained Earnings      297,000 credit

--to close the income summary against RE--

Explanation:

We have to close against income summary he temporary accounts:

To close this accounts we need to post them in their opposite side of the normal balance. Revenues will be debited while expenses credited.

At last, we solve for the income summary balance and close it against retained earnings

410,000 - 95,000 - 18,000 = 297,000

4 0
3 years ago
How could an accident impact production quality and affect your company's profits?
notka56 [123]

Answer:

The correct options could be 2, 3 and 4.

Explanation:

When an accident happens in a production unit, usually the work is stopped to make the things up and put them back to work. If workers gets injured due to that accident, they are replaced with the new workers immediately, and to hire the workers for this job immediately may result in the hiring of less competent workers that might do the same job in more time, thus reducing the productivity and can harm the quality of the product due to less knowledge or training about the job. Secondly, when accident happens, the work is stopped up till all security checks are done. So a lot of time is wasted and when the work gets start again, the quality could slip in effort to make up for the lost time. In this way the quality of the product may be affected and the profits of the organization may get down.

7 0
3 years ago
Blossom Company purchases a patent for $158,000 on January 2, 2017. Its estimated useful life is 8 years. (a) Compute amortizati
ohaa [14]

Answer:

a. 19.750 b. 138.250

Explanation:

A. We divide 158.000 by 8 to get the amount per year

158.000/8= 19.750

  • Amortization expense (Db) 19.750
  • Accumulated amortization (Cr)                       19.750

B. On the balance sheet at the end of the first year, we would subtract those 19.750 to the gross value of the patent and the value of the patent would be

158.000 - 19.750 = 138.250

<u><em>Net carrying amount of the patent:</em></u><em> 138.250</em>

6 0
2 years ago
A well-written job description should:
Yakvenalex [24]
C. clearly outline the job's responsibilities.
I hope that helps! :)<em />
6 0
3 years ago
Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp
Nitella [24]

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price  or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.  

7 0
2 years ago
Other questions:
  • What is your advertising objective if you want to ensure your content catches the eye of the people who want what you offer?
    9·1 answer
  • The degree of operating leverage at a specific level of sales helps the managers calculate the effect that potential changes in
    13·1 answer
  • Leaders with a large span of control tend to display more consideration and use more personal approaches when influencing follow
    14·1 answer
  • What determines how a change in prices will affect total revenue for a company?
    13·1 answer
  • Define job rotation​
    8·2 answers
  • 81. The forward rate of the Swiss franc is $.50. The spot rate of the Swiss franc is $.48. The following interest rates exist: U
    8·1 answer
  • How you will gather and formulate your data
    6·1 answer
  • The constraint at Rauchwerger Corporation is time on a particular machine. The company makes three products that use this machin
    13·1 answer
  • Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in full in the first month follow
    8·1 answer
  • all of the following people would be considered insureds under the liability section of a homeowners policy except
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!