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MrRissso [65]
3 years ago
13

Consider consecutive processes A-B-C, where process A has a capacity of 20 units per hour, process B has a capacity of 25 units

per hour, and process C has a capacity of 30 units per hour. Based on the principle of a lean system, where would an operations manager want any inventory?
Business
2 answers:
g100num [7]3 years ago
7 0

Answer:

The operation manager would want the inventory in front of process A based on the lean system.

Explanation:

To fully understand the basis on which we chose the answer, we need to define what a lean system is.

A Lean system refers to a business process plan. More a of business model canvass that meticulously deal with business process plan and development for the purpose of achieving maximum value in production, client and customer satisfaction while still at a reduced cost of running business.  It should also be noted that the lean system is mostly a continuum of existing process and subsequent process progress are mostly determined by the level of integrity attained by the primary design stage.

With the understanding gotten from the definition above, it then obvious from the narrative of the question that the process is consecutive. As such, follows a pattern of A to B to C and thus the level of integrity of process design achieved at A will be passed down to B and C.

This is the more reason why the operation manager will prefer to to want an inventory at A which is the primary point of start.

Ksenya-84 [330]3 years ago
4 0

Answer:

Inventory should not exist anywhere.

Explanation: An inventory is a term used in Production and supply chain to refer to the store value of finished goods or raw materials.

Lean manufacturing tends to promote JIT(JUST IN TIME) in terms of inventory management,JIT is trying to show that a lean manufacturing process should only have as much inventory as it requires Inna given period of time.

That is why Toyota ensured that all its suppliers located their factors close to its facilities.

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Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are the tax con
ycow [4]

Answer:

(a) Brittany loss due to taxes = Basis - fair market value

                                                = $184,000 - $160,000

                                                = $24,000

Therefore, Brittany will have a $24,000 loss that is not deductible.

(b) Tax consequences to Ridge if he later sells the stock for $190,000 are as follows:

  • Realized gain = $30,000 and Recognized as a gain for tax payers = $6,000
  • Realized and recognized loss = $8,000
  • There is no recognized gain for Ridge and unrecognized loss of $10,000. It is permanent lost.
6 0
3 years ago
Which one of the following is an example of a "flexibility" option? Group of answer choicesA company has an option to close down
mixas84 [53]

Answer:

A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change.

Explanation:

Real option analysis

This is simply described as a form of an analysis of capital budgeting projects. It is often used by managers so as to influence the size and riskiness of a project's cash flows. And this can be done only by taking different actions or at the end of the project's life.

It uses the usual NPV capital budgeting analysis along with an analysis of opportunities as a result of manager's responses to changing circumstances that can change a project's outcome.

Examples of Real Options

1. Investment timing

2. Abandonment/shutdown

3. Flexibility

4. Growth/expansion

Flexibility Option

This type of re option simply allows operations to be changed based on how conditions change during a project's life. It is said to exists when it is useful spending money today, which therefore helps one to maintain flexibility down the line. That is, either inputs or outputs (or both) can be altered.

3 0
3 years ago
Which of the following is a required financial statement? 1 point Statement of Auditor Independence Statement of Cash Flows Stat
kondor19780726 [428]

Answer:

statement of revenues

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3 years ago
Suppose that the equilibrium price of greeting cards declined at the same time the equilibrium quantity of greeting cards increa
lorasvet [3.4K]

Answer:

The answer is: A) A decrease in the price of paper used to make greeting cards.

Explanation:

In normal market conditions, an increase in the equilibrium quantity of greeting cards means that the quantity demanded and the quantity supplied of greetings cards increased. Usually an increase in the quantity supplied will result in an increase of the price of the good or service. But on this specific case something else made the price of the cards decrease. The only one of the four possible options that can explain an external cause for a decrease in the price of greetings cards, is a decrease in the price of paper used to manufacture them.  

3 0
3 years ago
Sarasota Company sold $8,780 of its specialty shelving to Elkins Office Supply Co. on account. Bridgeport estimates that an addi
Debora [2.8K]

Answer:

See explanation section.

Explanation:

A) Accounts Receivable                                              $8,780    

   Sales Revenue                                                                      $8,780

<em>Sarasota Company sold its specialty shelving to Elkins Office Supply Co. on account.</em>

(b) Sales Returns and Allowances                              $215  

Allowances for Sales Returns and Allowances                      $215

<em>To record an additional $215 in allowances to Elkins. </em>

(c) Allowance for Sale Returns and Allowances        $706  

Accounts Receivable                                                               $706

<em>To record an allowance of $706 when some of the shelving does not meet exact specifications. It means the products were damaged or defected.</em>

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4 years ago
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