Answer:
Purchasing
Explanation:
In the purchasing function, the company purchased the products and services from the manufacturer at a lesser cost and then sell the goods at higher prices in order to earn the profit.
When someone purchases, when the price is less and quality is best as compared with the competitors dealing in the same industry
Therefore in the given case, Cedric Stein orders aluminum component parts that are used in the Audi card production so here the purchasing function is used
Answer:
Net Income $574
Explanation:
Calculation of Nueva's net income if it elects FIFO will be :
Net sales$7,400
Less Cost of goods sold ($4,806)
($5,610 − $804)
Gross profit 2,594
Operating expenses (1,638)
Income before taxes 956
(2,594-1,638)
Income tax 382.4
(40%×956)
Net income $574
(956-382.4)
Therefore the Nueva's net income if it elects FIFO would be $574
Answer:
I'd say A!
Explanation:
hope this helps! sorry if it's wrong
Answer:
Answer:
1. MCE = 21.42%
2. Delivery Cycle Time 22 days
Explanation:
The Manufacturing Cycle Time is given by the formula:
Manufacturing cycle time = Inspection Time + Process Time + Move Time + Queue time
Here we have
Inspection time =1.5 days
Processing time =3.0 days
Move time =2.5 days
Queue time= 7.0 days
Wait time= 8.0 days
Manufacturing Cycle Time = 1.5+3.0+2.5+ 7.0= 14.0 days
MCE= Manufacturing Cycle Efficiency Time= Process Time/ Processing Time + Inspection Time + Move Time + Queue time
MCE = 3/ 14=0.2142= 21.42%
It means that MCE consists of 21.42 %actual processing and 79 % consists of non value added activities.
2. Delivery Cycle Time= Manufacturing Cycle Time + Wait time
Delivery Cycle Time= 14.0 days + 8.0 days= 22.0 days
The difference between wait time and queue time is that wait time is the time when the customer places an order until it is delivered.And queue time from the start of the production of the order.
Answer:
Option A is correct
Explanation:
In the question above, we have:
- 15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000
A. The median price for the 15 vehicles was $13,000.
If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.