It will result in an increase in average inventory as larger batches require more time to be completed.
<h3>What is Operations Management?</h3>
Operations management (OM) is the administration of business practices within an organization to achieve the highest level of efficiency possible. It is concerned with converting materials and labor as efficiently as possible into goods and services in order to maximize an organization's profit.
At its most basic, management is a discipline comprised of five general functions: planning, organizing, staffing, leading, and controlling. These five functions are part of a larger set of practices and theories about how to be a good manager.
To learn more about Operations Management from the given link
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Answer:
The below additional piece of information is missing from the question:
In its 2018 income statement, what amount of interest expense should Hernandez report from this lease transaction?
The interest expense for 2018 is $150,000
Explanation:
Interest expense for 2018 is the implicit interest 10% multiplied by the difference present value of $1,800,000 minus annual payment of $300,000.
In order to compute the interest expense,the annual payment must be deducted first since the annual payment was made at the start of the year,hence interest is only due on the net amount of $1,500,000($1,800,000-$300,000).
Interest expense=$1,500,000*10%=$150,000
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.
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Answer:
$2,678
Explanation:
Calculation for what is Steve's refund or balance due
Refund or balance due=3461 - [(24,000-18,660)*.1598]
Refund or balance due= 2607-(570-500)
Refund or balance due= $2,678
Therefore Steve's refund or balance due is $2,678
B because a is too short and c is in the future