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Leya [2.2K]
3 years ago
14

Which of the following best describes operations management? (1 point)

Business
2 answers:
ArbitrLikvidat [17]3 years ago
5 0

Answer

Operations management is the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

Explanation

Operations management is majorly concerned with planning, organization and supervision in the area of production, manufacturing or provision of services. It ensures that the inputs into the organization are efficiently used to produce successful output. The inputs represent material, equipment, technology and human resources. Operations management has firm foundation in supply chain management and logistics.



Alexandra [31]3 years ago
3 0

The systematic control and direction...

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On December 31, 2021 Sun Devils Company has outstanding bonds payable with a face value of $700,000, discount on bonds payable o
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Answer:

current liabilities = $75,000

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Explanation:

Current liabilities includes a company`s obligation due for payment within a period of 12 months and long-term liabilities are company's obligation due for payment for period exceeding 12 months.

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Over 50% of Americans have no long-term savings. Why do you think it's so
Iteru [2.4K]

Answer:

because they cant stop spending money

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In relation to the time value of money, what is interest?
djyliett [7]
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4 0
1 year ago
The annual budgeted conversion costs for a lean cell are $180,000 for 1,000 production hours. Each unit produced by the cell req
iren2701 [21]

Answer: Please see in explanation column

Explanation:

Budgeted Conversion Cost   $ 180,000      

Total Production hours = 1,000 hours      

Conversion cost per production hour = 180,000/1,000  = $ 180 per hour  

Production time per unit produce = 20 minutes    

Conversion cost per unit -- first mins change to hrs

60min = 1 hour

20 min= 20/60=0.33hr

$ 180 x 0.333333 = $ 59.999per unit  

Material cost per unit = $ 30 per unit      

Total cost per unit production =

Material cost per unit+ conversion cost per unit = 30+ 59.999= $ 89.999per unit

a)Material Required per unit = $30 per unit      

Material purchase for 500 units =30 x 500 = $15,000    

b)Conversion cost per unit produce = $ 59.999 per unit    

number of units for conversion= 600

Conversion Cost applied for 600 units =( 600 x 59.999 = $35,999.4  rounded to $36,000

Total cost of goods complete per unit = $ 89.999 per unit    

Number of units completed = 450 units

Total Cost of Goods completed =  450  x 89.999= $ 40,499.55    =$40,500

A) JOURNAL ENTRY For purchase of raw material for 500 units at  $30        

Accounts title                         Debit                   Credit

Raw and In process Inventory   15,000    

Accounts Payable                                                             15,000  

B)JOURNAL ENTRY For applied conversion cost to in process inventory for 600 units at $59.999                                

Raw and in process inventory            $36,000

Conversion Cost                                                            $36,000  

C)JOURNAL ENTRY For completing 450 units at a total cost of $89.999

Finished Goods Inventory        $ 40,500   

Raw and in Process Inventory                              $ 40,500    

6 0
3 years ago
Candy is trying to decide between two job offers. The compensation package for job A includes a $300 per-month health insurance
krok68 [10]

Answer:

Job A's health insurance benefit = $2,460 per year

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Explanation:

we have to calculate the net monthly benefits for each health insurance plan offered to Candy = total insurance plan benefit - candy's contribution.

Then we multiply the monthly benefit by 12 months to find the yearly value.

Job A's health insurance benefit = $300 - $95 = $205 x 12 months = $2,460 per year

Job B's health insurance benefit = $400 - $105 = $295 x 12 months = $3,540 per year

5 0
2 years ago
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