Answer:
1. The company's manufacturing cycle time is 17.4 days.
2. The company's manufacturing cycle efficiency is 0.40
Explanation:
1. Manufacturing cycle time
= Process time + inspection time + move time + wait time
= 7 + 0.6 + 4.8 + 5
= 17.4 days
Therefore, The company's manufacturing cycle time is 17.4 days.
2. manufacturing cycle efficiency
= process time/manufacturing cycle time
= 7/17.4
= 0.40
Therefore, The company's manufacturing cycle efficiency is 0.40
Answer:
d. inventory is sold at a profit
Explanation:
Net working capital increases when <u>inventory is sold at a profit</u>
Net working capital = Current Assets - Current Liabilities
. Cash, Inventory and receivables are part of current assets
Hence, when inventory is sold at profit, cash received is more than decrease in inventory and hence, current asset increase and hence, working capital increases. When it is sold at cost, it remains the same. Purchase of inventory on credit will lead to same amount increase in current assets and current liabilities. Payment by customer will lead to increase in cash and decrease in accounts receivable, Hence, no impact
The 4 P's:
Price - cost of the product
Product - the type of good being sold
Place - how the product will get to the consumer (store, internet, etc)
Promotion - what marketing activities will be used to communicate the product (advertising, sales, etc)
Answer:
A) and goes further than necessary to ensure full coverage
If the government takes this approach, consumer surplus would increase.
A monopoly is when there is only one firm operating in an industry. A natural monopoly occurs when there is a high start-up cost associated with opening a business or a firm enjoys economies of scale.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good. As the price of a good declines, consumer surplus increases. P2 is lower than P1, this means that if price is regulated to P2, consumer surplus would increase.
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