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IceJOKER [234]
3 years ago
12

Statistical process control (SPC) is the application of statistical techniques to determine whether a quantity of material shoul

d be accepted or rejected.True / False.
Business
1 answer:
makkiz [27]3 years ago
8 0

Answer:

True

Explanation:

Statistical process control (SPC) is a method of quality control which employs statistical methods to monitor and control a process. This helps to ensure that the process operates efficiently, producing more specification-conforming products with less waste (rework or scrap).

By implementing statistical process control, the goal of eliminating or greatly reducing costly product recalls is realized. This is done by analyzing manufacturing data as it happens so that problems are stopped as they happen—instead of being caught after deployment.

The aim of Statistical Process Control (SPC) is to establish a controlled manufacturing process by the use of statistical techniques to reduce process variation. A decrease in variation will lead to: better quality; lower costs (waste, scrap, rework, claims, etc.).

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The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Titl
postnew [5]

Answer:

Service Revenue           881,105

Wages Expense           (529,000)

Supplies Expense          (42,000)

Rent Expense                 (59,500)

Utilities Expense               (8,000)

Depreciation Expense  (150,000)

Interest Income            <u>     (5,500)   </u>

Net Income                        87,105

Explanation:

We list the revenue account and then, substract the expenses leaving the net income. As this is a single-step income statemnt we do not solve for operating and non-operating income.

7 0
3 years ago
A cash equivalent is: Multiple Choice Generally within 3 years of its maturity date. Close to its maturity date but its market v
11111nata11111 [884]

Answer:

An investment readily convertible to a known amount of cash

Explanation:

Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.

Examples of cash equivalents include commercial papers, bank certificate of deposit, treasury bills usually with a tenor of 3 months or less etc.

Cash equivalents are assets and help improve the company's liquidity.

6 0
2 years ago
QUESTION 10
melisa1 [442]

Answer:

business

Explanation:

Business is a term that generally describes a firm, company, or individual's combined activities, or system that deal with the creation of commodities or services for the purpose of meeting the targeted consumers' demands.

In order to meet the targeted consumers' demands, businesses transform lower-value inputs into high-value outputs.

Hence, in this case, the correct answer is BUSINESS

5 0
3 years ago
A property title search firm is contemplating using online software to increase its search productivity. Currently an average of
Brrunno [24]

Answer:

Explanation:

Productivity per unput dollar=Fees charged from clients/total cost to firm

There are 3 options:

1. Using current software:

Av time=40 min

Researcher's cost=$2 a min

Total cost=40*2=80

Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5

2.

Using company A's software

Av time=30min

Cost of reducing av time=$3.5

Researcher's cost=$2

Total =30*2+3.5=63.50

Productivity per dollar input=400/63.5=6.3

3.

Using company B's software

Av time = 28 min

Cost of reducing av time=$3.6

Researcher's cost=$2

Total cost=28*2+3.6=59.6

Productivity per dollar input=400/59.6=$6.71

Answer - Using company B's software

3 0
3 years ago
The term ssr/ss total is also called the select one:
GaryK [48]

Answer : coefficient of determination.

In the regression analysis results on MS excel the SSR/ SS total is called as " coefficient of determination"

6 0
3 years ago
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