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3 years ago

What is lean six sigma all about?

Business

1 answer:

Anarel [89]3 years ago

5 0

Answer:

A method that relies on a collaborative team effort to improve performance by systematically removing waste and reducing variation.

Explanation:

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A company invests $1 million to clear land and plant pine trees. The trees will mature in 10 years and the company expects to se

Len [333]

Answer:$300,000

Explanation:if the company sells the trees at the rate of $3000000 in 10 years, the annual rate of return on $ 1000000 investment will be $300000 ($3000000/10=$300000).

7 0

3 years ago

Assume that Japan and Korea each has 2400 hours available. Originally, each country divided its time equally between the product

Pavlova-9 [17]

Answer: The answer is b

Explanation:

Since 60minutes = 1 hour

2400 ÷ 60

= 40

The total output of cars increased by 40

The law of comparative advantage states that a country will specialise in producing commodities in which the country has greatest comparative advantage. Therefore a country will produce for export those commodities she can produce cheaply than other countries.

5 0

4 years ago

What do you think are the main pros and cons of conservatism in financial accounting?

Artemon [7]

Answer:

Negative revenues fully reflect the entire profit during the time they occur. When working under the principle of conservatism in financial accounting, there is an asymmetric timeline of profits.

5 0

3 years ago

A suburban taxi company is considering buying taxis with diesel engines instead of gasoline engines. The cars average 80,000 km

liraira [26]

Answer:

Diesel engine taxis should be chosen.

Explanation:

Useful life = 5 years

Annual distance covered = 80000 km

For a diesel car

Annual fuel cost = (80000/16)*.88 = $4400

Present value of total cost = vehicle cost + present value of the fuel cost + present value of annual repair cost + present value of annual premium – present value of resale value

Present value of total cost = 24000 + 4400*(1-1/1.06^5)/.06 + 900*(1-1/1.06^5)/.06 + 1000*(1-1/1.06^5)/.06 - 4000/1.06^5

Present value of total cost = $47548.86

Let, uniform annual cost = EUAC1

Then, EUAC1 = 47548.86/((1-1/1.06^5)/.06)

EUAC1 = $11287.93

For a gasoline car

Useful life = 4 years

Annual fuel cost = (80000/11)*.92 = $6690.91

Present value of total cost = vehicle cost + present value of the fuel cost + present value of annual repair cost + present value of annual premium – present value of resale value

Present value of total cost = 19000 + 6690.91*(1-1/1.06^4)/.06 + 700*(1-1/1.06^4)/.06 + 1000*(1-1/1.06^4)/.06 - 6000/1.06^4

Present value of total cost = $43322.83

Let, uniform annual cost = EUAC2

Then, EUAC2 = 43322.83/((1-1/1.06^4)/.06)

EUAC2 = $12502.6

Conclusion: The diesel engine taxis should be chosen because it offers relatively lower uniform annual cost compared to the gasoline engine taxis

3 0

3 years ago

Rocky River Company is a price-taker and uses target pricing. Refer to the following information: Production volume 602,000 u

uranmaximum [27]

Answer:

$26.59

Explanation:

Data provided in the question:

Production volume = 602,000 units per year

Market price = $30 per unit

Desired operating income = 15% of total assets

Total assets = $13,700,000

Now,

Target profit = 15% of $13,700,000

= $2,055,000

Sale value = 602,000 × $30

= $18,060,000

Therefore,

Total cost = sale value -target profit

= $18,060,000 - $2,055,000

= $16,005,000

Thus,

Price per unit = $\frac{\textup{Total cost}}{\textup{Production volume}}$

= $\frac{\$16,005,000}{602,000}$

= $26.586 ≈ $26.59

5 0

4 years ago