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Maru [420]
3 years ago
13

The benefit of a flexible manufacturing system is that: a. the necessary skill levels of workers are reduced, allowing the firm

to reduce costs. b. it captures the cost savings of economies of scale. c. it lends itself to empowerment of employees. d. the lot size needed to manufacture a firm's product efficiently is reduced.
Business
1 answer:
galben [10]3 years ago
8 0

Answer:

<h2>The answer in this case would be the option b. or it captures the cost savings of economies of scale.</h2>

Explanation:

  • Flexible manufacturing system basically implies the ability of the production or manufacturing system to respond to any predictable or unforeseen changes.Hence,it measures the flexibility level of firms or companies to adjust the production or manufacturing mechanism or procedures to any current or potential changes.
  • In this regard,the firms or companies can alter the productive efficiency of the entire manufacturing or production system by employing innovative and productive technological inputs which can influence the productive capacity or efficiency level of the factors/inputs of production.This might be essential as various requirements of production or manufacturing can change periodically.
  • Flexible manufacturing system can essentially reduce the per unit production cost or the average cost of production of any firm or company by enhancing the productive efficiency of the factors/inputs of production thereby,increasing the overall production or output volume.This can lead to higher long term profitability of any firm or company.This phenomenon is known as Economies of Scale in Economics which refers to gradual reduction or decrease in the per unit production cost with a simultaneous increase in the production or output level.
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A stock has an expected return of 11.85 percent, its beta is 1.24, and the expected return on the market is 10.2 percent. What m
prisoha [69]

Answer:

The risk free rate is 3.325%

Explanation:

The required rate of return or cost of equity of a stock can be calculated using the CAPM. The CAPM estimates the required rate of return of a stock based on three factors- risk free rate, stock's beta and the market risk premium. The equation of required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

  • rRF is the risk free rate
  • rM is the return on market
  • (rM - rRF) gives us the risk premium of market

We already have the values for r, Beta and rM. Plugging in these values in the formula, we calculate the rRF to be,

Let rRF be x.

0.1185 = x + 1.24 * (0.102 - x)

0.1185 = x + 0.12648 - 1.24x

1.24x - x  =  0.12648 - 0.1185

0.24x = 0.00798

x = 0.00798/0.24

x = 0.03325 or 3.325%

3 0
3 years ago
Patagonia donates at least 1% of profits to support environmental causes. There products are also produced under safe, fair, leg
Alchen [17]

Answer: corporate social responsibility practice

Explanation:

Corporate social responsibility occurs when organizations contribute to societal goals by supporting practices that are ethically oriented and have a positive effect on the economy.

Since Patagonia donates at least 1% of profits to support environmental causes and is contributing positively to the economy, then Patagonia is practicing corporate social responsibility practices.

6 0
3 years ago
assume a company uses the weighted average method in its processing costing august 1 balance 62000 and materials 310,000 consist
gayaneshka [121]

Answer:

see explanation

Explanation:

<em>Hi, your question is incomplete, I tried to look for it online but I could not find it. Here is an explanation on the steps to solve the problem.</em>

Step 1 : Determine the Total Materials Cost

Total Materials Cost

Opening WIP cost                                      $310,000

Costs added during the period                  $40500

Total                                                           $350,500

Step 2 : Total Equivalent units for materials

Equivalent units for materials = Completed units + Equivalent units in ending work in process inventory.

Step 3 : Unit equivalent cost for materials

Unit equivalent cost = Total Cost ÷ Total equivalent units

Step 4 : ending work in process inventory cost

Ending work in process inventory = Unit equivalent cost x equivalent units in ending work in process with respect to materials

6 0
3 years ago
The Terme Corporation is contemplating the purchase of new equipment, which may potentially increase revenues by 25%. Currently,
vekshin1

Answer:

The increase in gross profit is  $12,374.93

Explanation:

The increase in sales due to purchasing this new equipment is 25% of current sales figure of $750,000

increase in sales=$750,000*25%=$187,500

variable cost on the increase in sales is 55%=$187500 *55%=$103,125

The annual depreciation charge on the new equipment=cost of the new equipment-salvage value/useful life

cost of the new equipment is $357,500.37

salvage value is $0

useful life of the new equipment is 5 years

annual depreciation charge=($357,500.37-$0)/5=$ 71,500.07  

Increase/(decrease) in annual gross profit=$187,000-$103,125-$ 71,500.07  =$12,374.93  

4 0
3 years ago
Which fees was John charged on his checking account during this statement period?
Zigmanuir [339]

The overdraft fee is the fee that John was charged on his checking account.

<h3>What is an overdraft fee?</h3>

This is a fee that has to be paid due to the fact that a payment has been authorized.

The overdraft fee is usually paid to cover transactions if there are not enough funds in the account.

<h3>The checking account</h3>

This is a current account that lets deposit and easily withdraw for the sake of transactions.

Read more on  the overdraft fee here: brainly.com/question/25532516

7 0
2 years ago
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