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Citrus2011 [14]
3 years ago
14

Which of the following is TRUE regarding the significant events in operations​ management? A. The concept of linear programming

first appeared in the Lead Production Era. B. Charles Sorensen was instrumental in the development of the moving assembly line. C. The Mass Customization Era focused on quality. D. The Globalization Era will start approximately in 2025. E. Eli Whitney initiated the revolution of Industry 4.0
Business
1 answer:
andrey2020 [161]3 years ago
7 0

Answer: B. Charles Sorensen was instrumental in the development of the moving assembly line.

Explanation:

Charles Sorensen was Ford's Production Chief for over 40 years and while popular history barely mentions him, he is credited with having given an immense contribution to the development of the Moving Assembly Line.

It was this brilliant man that came up with the idea that the car should move through different work stations with one employee focusing on one thing to do in the car. This way the car's production moved faster. He also contributed heavily to the development of the Automated process at Ford's three main production plants and is said to have kept trying to invent even better methods till he met his end.

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Eaton Electronics uses a periodic inventory system.
aev [14]

The cost of ending inventory of Eaton Electronics on June 30 is $13,600.

<h3>What is the LIFO method?</h3>

The LIFO method values the cost of goods sold based on the assumption that goods sold are from the latest stock.

For example, using LIFO, Easton would have the two TVs sold based on the cost of the May Purchases instead of specific identification.

<h3>Data and Calculations:</h3>

Beginning inventory (2 x $1,500) = $3,000

April Purchases (4 x $1,450) = $5,800

May Purchases (5 x $1,600)=  $8,000

Cost of goods available for sale = $16,800

Cost of goods sold (2 x $1,600) = $3,200

Ending inventory = $13,600 ($16,800 - $3,200)

Thus, the cost of ending inventory is $13,600.

Learn more about the LIFO method at brainly.com/question/10026597

#SPJ1

6 0
2 years ago
Suppose that Spain and Sweden both produce fish and wine. Spain's opportunity cost of producing a bottle of wine is 4 pounds of
Darya [45]

Answer:

A) 9 Pounds of Fish Per Bottle of Wine

Explanation:

A few things should be explained

1. Opportunity Cost - this is the benefit or value of the next best choice that has to be sacrificed when a choice is made between several alternatives.

2. Comparative Advantage: This describes the advantage when a business, individual or even a nation is able to maunfacture a good or offer a service at an opportunity cost that is lower than other competitors in the business. It simply means the ability to produce a good or service at a cost cheaper than one's competitors.

Step 1: By comparing the opportunity cost of producing wine in the two countries, you can tell that Spain (ability to produce a bottle for 4 pounds of fish as compard to 10 pounds by Sweden) has a comparative advantage in the production of wine

Also Comparing the opportunity cost of wine as well, Sweden has the comparative advantage in the production of fish (10 pounds of fish as compared to 3 pounds that can be produced by Spain for a bottle of while).

Step 2: The Trading of wine and fish between Spain and Sweden

a) as long as Spain is able to get more than 4 pounds of fish (what it can produce) for every exported bottle of wine, then it can gain from a trade with Sweden.

b) Also , as long as Sweden is able to receive more than 1/10 bottles of wine for each pound of fish it exports to Spain, it can gain from the specialization and trade.

Step 3: Prices of trade (of wine in terms of fish) will allow both Sweden and Spain gain from Trade.

The correct answer is 9 Pounds of Fish per bottle of Wine. This is correct because Spain can get more than the minimum 4 pounds of fish it needs and Sweden can receive more than 1/10 the bottles of wine it needs to make a gain.

5 0
2 years ago
At January 1, 2019, Deer Corp. has beginning inventory of 2,000 surfboards. Deer estimates it will sell 10,000 units during the
coldgirl [10]

Answer:

The correct answer is $1,881,600

Explanation:

According to the scenario, the computation of the given data are as follows:

Unit sells = 10,000 units

Growth rate = 12%

Selling price = $150 per unit

Costing = $100 per unit

So, we can calculate the budget sales revenue by using following formula:

Budget sales unit for quarter 3 = (10,000 × 112%) × 112% = 12,544

So, budget sales amount for quarter 3 = 12,544 × $150

= $1,881,600

4 0
3 years ago
Prepaid expenses require what type of adjusting entry?
AleksAgata [21]

Answer:

MATCHED

Explanation:

TOOK THE TEST

"Expenses should be matched with revenues. A deferred expense or prepayment, prepaid expense, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period."

7 0
2 years ago
A personal trainer is advising a client on caloric distribution. Which of the following falls within the Acceptable Macronutrien
Aleonysh [2.5K]

Answer: C. 0.3

Explanation: The Acceptable Macronutrient Distribution Range (AMDR) usually expressed as percentage of total daily intake of energy is defined as the range of intakes for a particular energy source (protein, fat, carbohydrate etc) that is associated with reduced risk of chronic disease while providing adequate intakes of essential nutrients required by the body. For proteins this is within the range of 10 to 35%, expressed as fraction, 0.1 to 0.35. Option C falls within this range and therefore is the correct answer.

8 0
2 years ago
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