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3 years ago

15

The goal of operations management is to produce a good or service at the highest possible cost while maintaining the lowest poss

ible quality.
-True
- False

2 answers:

Sophie [7]3 years ago

4 0

That answer is True because it says that the lowest possible quality and it is true

IRISSAK [1]3 years ago

4 0

I believe the answer is true

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Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen requires new product to have a profit of 20%.

devlian [24]

Answer:

$80

Explanation:

Brosen incorporation has just designed a new product.

The target cost of the new product is $64

Let y represent the target price

Broken requires the new product to have a profit of 20%

= 20/100 × y

= 0.2×y

= 0.2y

Therefore, the target price can be calculated as follows

Target cost+ Target profit= Target price

64 + 0.2y= y

64= y-0.2y

64= 0.8y

y= 64/0.8

y= 80

Hence the target price for the new product is $80

3 0

3 years ago

Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be di

rodikova [14]

The Carlson Auto Dealers Inc.'s 2021 cost of ending inventory is $252,000 based on the <em>specific identification inventory method.</em>

2. The Carlson Auto Dealers Inc.'s Cost of Goods Sold for 2021 is $729,300 using the <em>specific identification inventory method.</em>

Data and Calculations:

Beginning Inventory of cars:

Car ID Cost

203 $78,000

207 78,000

210 81,000

Total = $237,000

Cost of Ending Inventory:

Car ID Cost

213 79,500 not sold

216 82,500 not sold

219 90,000 not sold

Total $252,000

Cost of Goods Sold:

Car ID Cost

203 $78,000

207 78,000

210 81,000

211 78,000

212 78,000

214 81,000

215 84,000

217 87,000

218 84,300

Total Cost = $729,300

Learn more: brainly.com/question/18522650

4 0

3 years ago

"Between 2000 and 2008, the price of oil increased from $30 per barrel to $140 per barrel, and the price of gasoline in the Unit

KiRa [710]

Answer:

C) There was no price control on gasoline at the time.

Explanation:

During the 1970s the US government established a price ceiling on gasoline, but as all price ceilings set below the equilibrium price, it results in both a deadweight loss and a supply shortage.

Since the price is "too cheap", then the quantity demanded will be more than the quantity supplied. Rising costs in gasoline production made things worst, since suppliers were constantly reducing their supply of gasoline, while consumer demand was constantly increasing.

3 0

3 years ago

Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street

crimeas [40]

Options :

a. mistake.

b. opinion.

c. an adhesion contract.

d. fraud.

Answer: Fraud

Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.

5 0

4 years ago

Jane is the manager of a local bank branch in College Station where he consumes bundles of two commodities x and y. Prices in Co

Sholpan [36]

Answer:

Remain the same

Explanation:

$U(x,y) = xy^{2}$ ......................................................... (1)

ICS = Income in College Station = $6,000

CSpx = Price of x in College Station = 1

CSpy = Price of y in College Station = 5

ID = Income in Dallas = ?

Dpx = Price of x in Dallas = 4

Dpy = Price of y in Dallas = 5

Step 1

Assume that Jane always divides his income in College Station equally into two, i.e. $3,000 each, to buy x and y, the quantities of x and y he can buy in College Station can be calculated by dividing the $3,000 by the prices of x and y. This is calculated as follows:

CSqx = Quantity of x in College Station = $3,000 ÷ 1

= 3,000 units

CSqy = Quantiy of y in College Station = 3,000 ÷ 5

= 600 units

Jane's utility in College Station can be calculated by amending equation (1) and substituting 3,000 units for x and 600 units for y as follows:

$CSU(CSqx,CSqy) = (CSqx.CSqy^{2})$

$CSU(3000,600) = (3000*600^{2})$

= 3,000 * 360,000

CSU(3000, 600) = 1,080,000,000 utils .......................... (2)

Step 2

Since Jane is guaranteed a salary in Dallas with which he would be able to buy exactly what he buys in College Station, this implies that the salary in Dallas will make him to be able to buy 3,000 units of good x and 600 units of good which he currently buys in College Station.

Since

CSpx = 1, which is less than Dpx = 4

But

CSpy = 5, is equal to Dpy = 5

We need to calculate how much his Income will increase in Dallas to be able to buy 3,000 units of good x in Dallas given that its price is $4. Therefore, his income will increase by multiplying $4 by 3000 units and deduct $3,000 he was spending in College Station on x as follows:

IID = Increase in Income in Dallas = (3,000 * $4) - $3,000

= $12,000 - $3,000

= $9,000

Therefore, ID (Income in Dallas) is the addition of IDD and ICS (Income in College Station) calculated as:

ID = IID + ICS

= $9,000 + $6,000

= $15,000

Conclusion

With the ID of $15,000, Jane will be spending $12,000 to buy 3,000 units of good x in Dallas and continue to spend $3,000 to buy 600 units of good y in Dallas.

This will make Jan's utility in Dallas (DU) to be equal to 1,080,000,000 utils as obtained in equation (2) above.

Therefore, Jane's utility will remain the same based on the tangency rule which states that a consumer will choose a combination of two goods at which an indifference curve is tangent to the budget line, i.e. his income.

5 0

3 years ago