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Tanzania [10]
3 years ago
15

Tyler Apiaries sells bees and beekeeping supplies. Bees​ (including a​ queen) are shipped in special packages according to weigh

t. Suppose Tyler changes its processes so that the average package weight is 1.9​kg, with a new standard deviation of0.14 kg. Tyler markets the packages of bees as weighing 1.8 ​kg, and the lower and upper tolerance limits are 1.1 kg and 2.5 ​kg, respectively. Calculate the process capability index for the weight of the bee packages. Is Tyler able to meet the tolerance​ limits?
Business
1 answer:
Sergio039 [100]3 years ago
3 0

Answer: 0.143

Explanation:

Given the following :

Average package weight(m) = 1.9kg

Standard deviation(sd) = 1.4kg

Upper Tolerance Limit (UTL) = 2.5kg

Lower Tolerance limit (LTL) = 1.1kg

Cpk = min[( average weight -Lower Tolerance Limit / 3 (standard deviation) , (UTL- average weight / 3(Standard Deviation)]

Cpk = min[( 1.9 - 1.1 / 3 (1.4)) , (2.5 - 1.9 / 3(1.4))]

Cpk = min[(0.8 / 4.2), (0.6 / 4.2)]

Cpk = min[0.190, 0.143])

Hence,

Process capability index = 0.143

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Because all people ( the public ) can fully enjoy this good/service without competing for it.
7 0
3 years ago
Without buying points, a monthly mortgage payment will be $958. Buying 1 point at closing would reduce the payment to $948. 75.
d1i1m1o1n [39]

The time taken to break even at buying 1 point will be in<u> 9 years</u>.

Given,

  • Monthly mortgage payment =$958
  • Monthly payment will be reduced to buy 1 point =$948.75
  • Cost of each point =$1,000

Computation:

1. The computation of the reduced amount in the monthly mortgage payment:

\begin{aligned}\text{Reduced Amount}&=\text{Original Payment}-\text{Reduced Payment}\\&=\$958-\$948.75\\&=\$9.25\end{aligned}

2. The computation of yearly mortgage payment:

\begin{aligned}\text{Yearly Mortgage Payment}&=\text{Reduced Amount}\times\text{Total Months in a Year}\\&=\$9.25\times12\\&=\$111\end{aligned}

3. The computation of the number of years for the break-even by buying 1 point:

\begin{aligned}\text{Number of Years}&=\dfrac{\text{Cost of Point}}{\text{Amount og Yearly Mortgage Payment}}\\&=\dfrac{\$1,000}{\$111}\\&=9.00\;\text{Years}\end{aligned}

Therefore, to break even by buying 1 point the holder requires 9 years to reach.

To know more about mortgage payments, refer to the link:

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4 0
2 years ago
The following terms relate to the fundamental qualities of useful information. Match the key letter of the correct term with the
Bumek [7]

Answer:

1. Providing information that is not biased toward one position or another.

  • c. Neutral

As an accountant, you cannot prepare, record or select information in order to favor someone's personal interests.

2. Providing information before it loses its capacity to influence decisions.

  • d. Timely

Information must be available when it can influence future decisions. E.g. having a 2010 cost report today is useless if you are preparing next year's  budget.

3. Providing information that is proven to be free from error.

  • b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

4. Providing information that would make a difference in a business decision.

  • g. Relevant

Relevant information should be material and be either predictive or confirmatory.

5. Provide information that accurately depicts what really happened.

  • b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

6. Providing information that confirms or corrects prior decisions.

  • a. Confirmatory value

It can be used to check, confirm or correct prior reports or evaluations.

7 0
2 years ago
The Whistling Straits Corporation needs to raise $72 million to finance its expansion into new markets. The company will sell ne
Alisiya [41]

Answer:

1,390,718 shares

Explanation:

Amount to be raise = $72 million

Underwriters charges = 5%

Filling Fee = $700,000

After deducting the underwriters charges the amount remains 95% of the total value. The company needs to raise exact $72 million after all charges deducted so, will take this amount as 95% of the total and gross up this value to 100%.

Total Amount to be raised = Amount including the underwrites charge + Filling charge = ( $72,000,000 / 100% - 5% ) + $700,000 = $76,489,474

Share price = $55

Numbers of share = $76,489,474 / $55 = 1,390,718 shares

8 0
3 years ago
Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr
klasskru [66]

Answer:

beginning WIP                800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

<u><em>We first, solve for the start and completed: </em></u>

Unit Stated                     25,200

Ending WIP(incomplete)<u>  2,000   </u>

start and complete        23,200

<em><u>Now, we solve for the WIP: </u></em>

<em><u /></em>

Transferred units      24,000

start and complete<u>  (23,200)  </u>

beginning WIP                800

7 0
3 years ago
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