Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. - True.
Operations management (OM) is the administration of enterprise practices to create the very best level of efficiency viable inside an business enterprise. it's far concerned with converting materials and exertions into items and offerings as effectively as viable to maximize the income of an business enterprise.
What are the three kinds of operations management?
Operations management consists of three ranges: strategic, tactical, and operational
What are the key factors of Operations management?
The important thing elements of Operations management are; Product choice and layout: The proper sort of products and accurate designs of the goods are crucial for the achievement of an agency. A wrong choice of the product and/or negative design of the products can render the employer's operation useless and non-competitive.
What do you examine in operations management?
Blanketed in operations management is the whole thing involved in turning raw materials into deliverable service or product. this may include designing manufacturing structures, employee schooling, centers planning, deliver chain control, stock control, product layout, best control and much more.
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Answer:
The Huckabee's 2018 average collection period (rounded) is 5 times
Explanation:
To find out the average collection period for Huckabee's 2018, we have to use the formula of the average collection period which is presented below:
Average collection period = Net credit sales ÷ Average accounts receivable
where,
Net credit sale is $400,000
And, the average accounts receivable is calculated by applying the equation which is shown below:
= (2017 accounts receivable + 2018 accounts receivable) ÷ 2
= ( $72,000 + $80,000 ) ÷ 2
= $76,000
Now apply the above values to the formula
So, the answer would be equal to
= $400,000 ÷ $76,000
= 5.26 times
The other things like opening balance of merchandise inventory and cost of goods and the ending balance of merchandise inventory and cost of goods is irrelevant. Thus, it is not to be considered.
Hence, Huckabee's 2018 average collection period (rounded) is 5 times
Based on the direct materials, the direct labor, and the manufacturing overhead, the cost of finished goods on hand is $33,600.
<h3>What is the cost of finished goods on hand for this job?</h3><h3 />
Cost of goods on hand is:
= Cost of goods per unit x Number of goods on hand
Cost of goods per unit is:
= (44,000 + 24,000 + 16,000) / 3,000 units
= $28 per unit
Cost of goods on hand:
= 28 x (3,000 - 1,800)
= $33,600
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That should be false because it says never and the person is student
