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gogolik [260]
2 years ago
7

Which of the following is true about specification ?

Business
1 answer:
IceJOKER [234]2 years ago
7 0

Answer:

b. Specifications should not be set arbitrarily. If you set a specification to loosely, the customer will be dissatisfied or upset with the performance of what you provided, even though it meets the specification.

Explanation:

Specification is defined as a set of requirements that needs to be met when producing a product. They give a value that seperate this product from others in performance.

Specification should be narrowly defined as this will help effectively meet the customer needs.

When specifications are too loosely defined the product might not meet customer needs.

For example if a developer requires a laptop with high processing power and the company decides to provide a more generic and lower processing power, the target customer will not be satisfied

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Primus Corp. is planning to convert an existing warehouse into a new plant that will increase its production capacity by 45%. Th
Lelechka [254]

Answer:

1.  3 years and 9 months

2. $16,439,325

3. 20.33 %

Explanation:

The Summary of the Cash Flows for this project will be as follows :

Year 0      - $7,125,000

Year 1         $1,875,000

Year 2         $1,875,000

Year 3         $1,875,000

Year 4         $1,875,000

Year 5         $1,875,000

Year 6         $1,875,000

Year 7         $1,875,000

Year 8         $1,875,000

Payback Period

$7,125,000 = Year 1 ($1,875,000) + Year 1 ($1,875,000) + Year 1 ($1,875,000) + $1,500,000 / $1,875,000

                   = 3 years and 9 months

Net Present Value (NPV)

Calculation using a financial calculator :

- $7,125,000 CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

I/YR                12%

Shift NPV      $16,439,325

Internal Rate of Return (IRR)

Calculation using a financial calculator :

- $7,125,000 CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

$1,875,000   CFj

Shift IRR      20.33 %

7 0
3 years ago
At wich step is a solution implemented in the decision-making process of solving a workplace problem ?
DerKrebs [107]

The decision making process of solving a workplace have seven steps: Identification of the problem, understanding interests, list of possible solutions, evaluating the options, selecting the options, documenting of the agreements and agreeing on contingencies, monitoring and evaluation. The solution is implemented on the last step which is agreeing on contingencies, monitoring and evaluation because in here there are opportunities that are created to evaluate the agreements and the implementation of the solutions.

7 0
3 years ago
Read 2 more answers
Beaverton Lumber purchased a milling machine for $35,000. In addition to the purchase price, Beaverton made the following expend
salantis [7]

Answer:

$41,500

Explanation:

Calculation to determine What was the initial cost of the machine to be capitalized

Purchase price $35,000

Add Freight $1,500

Add Installation $3,000

Add Testing $2,000

Total Cost $41,500

Therefore the initial cost of the machine is $41,500

3 0
2 years ago
China is a highly efficient manager. This implies that she:________ a. minimizes the amount of input resources without compromis
devlian [24]

Answer:

a. Minimizes the amount of input resources without compromising quality.

Explanation:

Efficiency is when productive resources are measured inorder to achieve goal. Task are performed at its best with the least cost and less energy in measuring efficiency

Effectiveness measures goals completeness selected by managers for the organization. It means doing the right thing as expected of the organization.

For China to be efficient, she must minimize the amount of input resources without compromising quality. An efficient manager must perform a task qualitatively with the available resources, least cost and in the best way possible.

8 0
3 years ago
Olsen Outfitters Inc. believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate i
e-lub [12.9K]

Answer: 12.5%

Explanation:

Amount that will be raised with Equity = 65% * 5,700,000 = $3,705,000

This is more than the retained earnings so new equity will have to be issued at cost of 16%

Amount raised by debt = 35% * 5,700,000 = $1,995,000

Less than $2 million so cost of debt is 10%

WACC = cost of equity * weight of equity + weight of debt * cost of debt * ( 1 - tax rate)

= (16% * 65% ) + (35% * 10% * (1 - 40% tax))

= 12.5%

7 0
3 years ago
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