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HACTEHA [7]
3 years ago
10

Carol Cagle has a repetitive manufacturing plant producing trailer hitches in​ Arlington, Texas. The plant has an average invent

ory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one​ component, the safety chain​ clip: Setup labor cost ​$25 per hour Annual holding cost ​$13 per unit Daily production 960 ​units/8 hour day Annual demand 23,000 ​(250 days eachtimes×daily demand of 92 ​units) Desired lot size 120 units​ (one hour of​ production)
To obtain the desired lot size, the set-up time that should be achieved = ___ minutes.
Business
1 answer:
lions [1.4K]3 years ago
8 0

Answer:

0.1472 hours or 8.832 minutes

Explanation:

Annual demand- 23,000 units

Daily demand – 92 units

Daily production – 960 units  per 8 hour day

Desired lot size - 120 units

Holding cost per unit per year - $13 per unit

Set up labor cost per hour - $25 per hour

Set up cost:

= {(120 × 120) × $13 × [1 - (92 ÷ 960)]} ÷ [2 × (23,000) ]

= $169,260 ÷ 46,000

= $3.68

Set up time:

= Set up cost ÷ Set up labor cost per hour

= $3.68 ÷ $25 per hour

= 0.1472 hours or 8.832 minutes

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The first part of setting strategic direction for an organization is to analyze the external and internal environments by prepar
ivanzaharov [21]

Answer:

Vision Statement

Explanation:

The first part of setting strategic direction for an organization is to analyze the external and internal environments by preparing a SWOT {Strengths , Weakness , Opportunities , and Threats } analysis. Once the SWOT is complete , the next step is to create a clear and compelling statement describing the inspirational long-term desired change resulting from an organization's work , called <u>Vision Statement.</u>

Vision Statement is a important point in strategical  planning. It tells what an organization intended to achieve or we can say it highlight the objective of the organization .

Vision Statement should we s<u>hort , simple and clearly specified.</u> It plays an i<em>mportant role</em> in an organization .    

3 0
3 years ago
whiche one of the following are not elements of an insurable risk a) determinable probability distribution b) calculate chance o
ankoles [38]

Answer:

okay

Explanation:

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5 0
3 years ago
Read 2 more answers
Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?
Alborosie

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

Equity = Assets - Liabilities

Therefore to calculate the equity above, we have:

Equity = $64,342 - $47,266

Equity = $17,076.

4 0
3 years ago
On january 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several years. the equipment had cost
Tema [17]
Book value on the date of disposal
Cost of the equipment - accumulated depreciation
45000-20000=25000

Gain on disposal of the equipment
Proceeds from sales - book value on the date of disposal
30000-25000=5000

The amount of gain on disposal (5000) is reported under “Other revenues and
gains” section of the income statement which increase the profit which transferred into shareholders equity. Also, the account of the equipment will be zero

So the answer is d

Hope it helps!
3 0
3 years ago
A stock expects to pay a dividend of $5.49 per share next year. Dividends are expected to grow at 20 percent per year for the fo
navik [9.2K]

Answer:

The annual dividend expected to be paid by the stock nine years from today (D9) is $11.27 per share.

Explanation:

Note: See the attached excel file for the calculations of annual dividends expected to be paid the stock for Years 1 to 9.

In the attached excel file, the following formula is used:

Current year dividend = Previous year dividend * (100% + Growth rate)

From the attached excel file, the annual dividend expected to be paid by the stock nine years from today (D9) is $11.27 per share (Note: see the bold red color under the Year's 9 Current Year Dividend).

Download xlsx
5 0
3 years ago
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