We talked about many different categories of manufacturing. List and define the different types. Explain how they work and the Pros and Cons of each. Next, match determine which category of manufacturing the following products best belongs in. Meaning, of the types of manufacturing systems you just defined, which system do expect it is best to make each product in and explain your reasoning: Nylon, Submarine, Custom Fit Suits, Laptop, Replacement Car door handles.
Answers
There are several categories of manufacturing systems like Job Shop Manufacturing, Batch Manufacturing, Continuous Manufacturing, and Mass Production. Nylon production typically falls under continuous manufacturing. Submarine manufacturing is complex and requires customization.
There are several categories of manufacturing systems. Let's define and discuss each type, along with their pros and cons:
Job Shop Manufacturing:
Job shop manufacturing involves the production of custom or small-batch products.
The workflow is flexible and can handle a wide variety of products and customer requirements.
Pros: Allows for customization, can handle complex and unique products, and offers flexibility in production.
Cons: Longer production lead times, higher costs due to customization, and potential inefficiencies in workflow.
Batch Manufacturing:
Batch manufacturing involves producing a limited quantity of similar products.
Products are manufactured in groups or batches, which can be more efficient than job shop manufacturing.
Pros: Higher production efficiency compared to job shop manufacturing, economies of scale for batch production, and reduced setup times for similar products.
Cons: Limited customization, the potential for excess inventory, and longer lead times compared to continuous manufacturing.
Continuous Manufacturing:
Continuous manufacturing involves the production of high-volume, standardized products with continuous flow.
Products move through the production line without interruption, and the process is highly automated.
Pros: High production efficiency, lower production costs per unit, reduced labor requirements, and shorter lead times.
Cons: Limited flexibility for product customization, higher initial setup costs, and challenges in managing variations or changes in product demand.
Mass Production:
Mass production is characterized by the large-scale production of identical products.
The focus is on achieving high volumes and economies of scale.
Pros: Very high production efficiency, low unit costs, streamlined processes, and high output rates.
Cons: Limited product variety, lack of customization, high setup costs, and potential for excessive inventory if demand fluctuates.
Now, let's match the products to the most suitable type of manufacturing system:
Nylon: Nylon production typically falls under continuous manufacturing. It involves the continuous flow of raw materials through automated processes to produce standardized nylon products.
Submarine: Submarine manufacturing is complex and requires customization. It aligns with job shop manufacturing, as each submarine is unique and tailored to specific requirements.
Custom Fit Suits: Custom fit suits require individual measurements and customization. Job shop manufacturing is the best fit, as it allows for the production of tailored suits based on customers' specific measurements and preferences.
Laptop: Laptop production is a combination of batch and mass manufacturing. The initial setup and customization of components can be done in batches, while the assembly and mass production of standardized components can be achieved through mass production.
Replacement Car Door Handles: Replacement car door handles are typically produced in batch manufacturing. While the design and production process can be standardized, replacement parts are manufactured in batches based on demand and specific car models.
The choice of manufacturing system depends on factors such as product complexity, customization requirements, production volume, cost considerations, and lead time. Each system has its advantages and disadvantages, and selecting the most appropriate system ensures efficient production and meets customer needs.
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Related Questions
The financial statements for Highland Corporation included the following selected information:
Common stock $ 465,000
Retained earnings $ 830,000
Net income $ 1,030,000
Shares issued 93,000
Shares outstanding 80,000
Dividends declared and paid $ 720,000
The common stock was sold at a price of $31 per share.
What is the amount o f additional paid-in capital?
What was the amount of retained earnings at the beginning of the year?
How many shares are in treasury stock?
Answers
The financial statements for Highland Corporation included the following selected information: Common stock $ 465,000; Retained earnings $ 830,000; Net income $ 1,030,000; Shares issued 93,000; Shares outstanding 80,000; Dividends declared and paid $ 720,000
The common stock was sold at a price of $31 per share.
What is the amount of additional paid-in capital? Amount of additional paid-in capital: $1,108,000.$465,000/15 = 30,000, and $31 x 30,000 = $930,000.$930,000 - $465,000 = $465,000.$1,108,000 - $465,000 = $643,000.
What was the amount of retained earnings at the beginning of the year? The amount of retained earnings at the beginning of the year is $847,000. Retained earnings are carried over from the prior year as part of the ending balance, therefore,$830,000 - $1,030,000 + Dividends paid = $720,000
$Dividends paid = $720,000 – ($830,000 - $1,030,000)
$Dividends paid = $720,000 – $200,000 Dividends paid = $520,000
Retained earnings beginning balance = $847,000
Shares in treasury stock: The number of shares in Treasury Stock is 13,000 shares.
Explanation: Retained Earnings are the portion of a corporation's net profit that is stored in the company rather than paid out as dividends to shareholders. It is also referred to as Reserves, Accumulated Earnings, or Unappropriated Earnings.
Additional Paid-In Capital is the money raised by an organization in excess of par value from its shareholders. APIC is the money paid by shareholders for shares in excess of their face value. It includes equity paid in by shareholders in exchange for shares of stock.
Therefore, the amount of additional paid-in capital can be calculated using the formula:
Additional Paid-In Capital = (Issue Price per Share - Par Value per Share) x Number of Shares Issued.
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in the petition of the candlemakers, frédéric bastiat argues that the government of france should impose trade barriers against which foreign competitor?
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In the petition of the candlemakers, frédéric Bastiat argues that the government of France should impose trade barriers against the Sun.
The eminent French economist Frederic Bastiat wrote The "Candle Maker's Petition," which is a satire of protectionist taxes. Bastiat's critique of mercantilism extended in many ways to Adam Smith's defense of free trade, but he focused on government tariffs imposed to shield native sectors from foreign competition.
The French government is petitioned for protective action against unfair competition from the sun by all of the industry participants, including "the manufacturers of candles, tapers, lanterns, sticks, street lamps, snuffers, and extinguishers, and from producers of tallow, oil, resin, alcohol, and generally of everything connected with lighting."
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Rylee runs a factory that makes DVD players. Each S100 takes 6 ounces of plastic and 4 ounces of metal. Each G150 requires 2 ounces of plastic and 8 ounces of metal. The factory has 172 ounces of plastic, 368 ounces of metal available, with a maximum of 20 S100 that can be built each week. If each S100 generates $13 in profit, and each G150 generates $1, how many of each of the DVD players should Rylee have the factory make each week to make the most profit? S100: G150: Best profit:
Answers
To maximize profit, Rylee's factory should produce 20 S100 DVD players each week. This combination ensures the optimal utilization of available resources and accounts for the profitability of each DVD player model. By producing 20 S100 DVD players, the factory can generate the highest profit of $260.
Considering the resource constraints and profitability, producing 20 S100 DVD players yields the highest profit. The plastic and metal constraints limit the number of S100 and G150 DVD players that can be manufactured. With 172 ounces of plastic available, only 28 S100 DVD players can be made, while with 368 ounces of metal, up to 92 S100 DVD players are possible. However, the production constraint of 20 S100 DVD players per week further limits the optimal choice. Comparing the profitability, where each S100 generates $13 in profit and each G150 generates $1, it becomes clear that focusing on S100 DVD players maximizes the overall profit. Therefore, producing 20 S100 DVD players per week results in the best profit of $260.
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purchased her primary residence on March 15, year 4, for $550,000. She sold it on October 15, year 7, for $240,000. What amount of loss from the sale is recognized on her year 7 income tax return
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Answer:
300,000 is the amount of loss from the sale......
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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can pottery be a job?? what would i major in for that…
Answers
Answer:
Yes, pottery can be a job. You would need a degree in ceramics to get a lasting job in pottery
Explanation:
you were visiting your grandpa and you happened to find $5000 stashed in an old shoe box. he told you that he had been saving this money for over 20 years. a. explain to him other options he has.
b. explain and demonstrate the principles of compounding interest.
Answers
Answer:
(only a) the best option would be investing in stocks
Explanation:
Document 3: What happens to competition in a communist system?
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Answer:
Explanation:
In a communist system the central authority dictates the means and quantity of production , and gives strict rules on businesses. Since there is no competition amongst firms , each is given the amount of money and each wo0rker is paid the same with same expectations of each.
What is comprehensive auto insurance
Answers
Answer:Your comprehensive car insurance coverage, also known as other than collision coverage, can help pay the costs of damage to your car for non-accident related claims. ... This insurance helps cover damage up to your car's actual cash value minus any deductible amount
Explanation:
Agency authority directly communicated by the principal to the agent is called
O Express authority
O Implied authority
O Power of attorney
O Apparent authority
Answers
Answer:
O Express authority
Explanation:
In express authority, the principal communicates directly to the agent. The principal instructs the agent, either in writing or orally, to act on their behalf. In express authority, the directives given are for the agent to represent the principle on a specific matter. The scope of authority entrusted is clearly defined and understood by both parties.
5. Paulie Mateja purchased a digital camera for $699.99. The store charged 4.65% sales tax. What was the camera's total pur- chase price? A $703.64 B $732.54 C $753.64 D $767.54
Answers
Answer:
B : 732.54
Explanation:
1. 4.65% over 100% times with 699.99 = 32.55
2. plus 32.55 with 699.99
What do you mean by a facilitator? What are the major jobs of a facilitator of non formal educational programme
Answers
Explanation:
It is important to note that much of the intermittent formal learning throughout people's....Part of being an effective facilitator of informal learning ( and non-formal education) involves.
Answer:
The definition of facilitate is "to make easy" or "ease a process." What a facilitator does is plan, guide and manage a group event to ensure that the group's objectives are met effectively, with clear thinking, good participation and full buy-in from everyone who is involved.
1. A central bank makes the decision to inject the economy with more money, in a one time policy choice, to attempt to alleviate some pain during a recent recession. Using the asset approach, what will happen to exchange rates in the short run?
2. Outline the key differences between the Asset and Monetary approaches to exchange rates. What types of conclusions do they reach? How can they be used in unison?
Answers
The conclusion of this approach is that exchange rates adjust to equate the relative supplies and demands for money across different currencies. Both approaches can be used in unison by taking into account their respective conclusions. This means that in the long run, exchange rates are determined by the expected returns on comparable assets across different currencies, while in the short run, exchange rates are determined by the relative supplies and demands for money across different currencies.
1. Using the asset approach, the decision of the central bank to inject the economy with more money, in a one-time policy choice, to alleviate some pain during a recent recession, will result in a decrease in the exchange rates in the short run.
This is because the increase in money supply will lead to an increase in demand for domestic assets, thus, increasing their price relative to foreign assets, leading to a depreciation of the currency in the foreign exchange market.
2. The key differences between the Asset and Monetary approaches to exchange rates are outlined below:Asset Approach- The asset approach is a long-term approach to the exchange rate, which takes into account the present value of the future streams of income and compares them between countries.- This approach views the exchange rate as the price of assets that are traded in the foreign exchange market.-
The conclusion of this approach is that exchange rates adjust to equate the expected returns on comparable assets across different currencies. Monetary Approach- The monetary approach is a short-term approach to the exchange rate, which takes into account the relative money supplies and money demand between countries.- This approach views the exchange rate as the price of money, which is affected by the relative supply and demand for money in different countries.-
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mark, vice president of human resources at executive corporation, is a(n) ____ level manager.
Answers
Answer:
Mark is a UPPER level manager
Explanation:
^^^^
Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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which of the following measures a company’s ability to pay its current liabilities? group of answer choices earnings per share inventory turnover times interest earned current ratio
Answers
The measure that assesses a company's ability to pay its current liabilities is the current ratio. The current ratio is a liquidity ratio that evaluates a company's short-term solvency by comparing its current assets to its current liabilities.
Current assets include cash, inventory, accounts receivable, and other assets that can be converted into cash within one year. Current liabilities refer to debts that must be paid within one year, such as accounts payable, taxes payable, and short-term loans. The current ratio is calculated by dividing the current assets by the current liabilities. A higher current ratio indicates that a company has more current assets to pay off its current liabilities, which is a positive sign.
Generally, a current ratio of 2:1 is considered good, as it suggests that a company has twice as many current assets as liabilities. However, a very high current ratio may also indicate that a company is not using its current assets efficiently and could be investing its resources elsewhere. In conclusion, the current ratio measures a company's ability to pay off its current liabilities and is a critical financial ratio that investors and creditors use to evaluate a company's short-term solvency.
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Before posting a payment of $5,000, the accounts payable of senator company has a normal balance of $16,000. the balance after posting this transaction was:______.
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Before posting a payment of $5,000, the accounts payable of senator company has a normal balance of $16,000. The balance after posting this transaction was $11,000.
A company's debt to its suppliers for delivered products and services for which the provider has given an invoice is referred to as accounts payable. It may also be the title of the group in charge of collecting any unpaid debts owed by a company to its suppliers.What kind of accounts payable are there?Accounts payable are the expenses that a business must cover. Office supplies, cleaning services, and staff uniforms are a few instances of accounts payable. Purchasing the order, receiving the order, and mailing the vendor invoice are the three phases in accounts payable.to learn more about Accounts payable, Click the links
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the market for smartwatches has begun to grow, due in part to the success of the apple watch. following the successful launch of the apple watch in 2015, companies such as samsung, sony, and lg have all developed products to compete with the apple watch. the smartwatches introduced to compete with the apple watch would be considered
Answers
The smartwatches introduced to compete with the apple watch would be considered the substitutes of the Apple watch.
Within the market different types of products are available. Each product is unique in its own way. Sometimes we see same products but of different brands but as a consumer we intend to buy those brands which we find suitable to our needs and which are more advanced than the same products of other brands. The Apple watch is a unique smartwatch which has all the features of the smartphone and in addition it measures the heartrate and other health parameters of the human body. But the Apple Watch is not affordable for all the groups of consumers as its price is very high, so other companies have started producing substitutes of apple watch within the market at a comparatively lower cost than can be afforded to all sections of people. This strategy is used to increase competitiveness within the market.
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A July sales forecast projects that 6,800 units are going to be sold at a price of $11. 30 per unit. Management forecasts 15% growth in sales each month. Total July sales are anticipated to be:
Answers
The total sales in July of the forecasts are $76,840.
What are the sales?
A sale refers to the act of exchanging goods or services for money or other valuable consideration. It is a transaction in which a seller agrees to transfer ownership of a product or service to a buyer in exchange for payment. The term "sale" can refer to a specific event or promotion in which products or services are offered at a discounted price or with other incentives to encourage purchases. Sales can take place in physical locations such as stores or online through e-commerce platforms.
To find the total sales in July, we need to first calculate the sales in each month and then add them up.
Sales in July: 6,800 units × $11.30 per unit = $76,840
Sales in August: 6,800 units × 1.15 × $11.30 per unit = $88,002
Sales in September: 6,800 units × (1.15)² × $11.30 per unit = $101,202.70
Sales in October: 6,800 units × (1.15)³ × $11.30 per unit = $116,383.61
Sales in November: 6,800 units × \((1.15)^{4}\) × $11.30 per unit = $133,718.05
Sales in December: 6,800 units × \((1.15)^{5}\) × $11.30 per unit = $153,408.76
Therefore, the total sales in July are $76,840.
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What is the answer ?
Answers
Answer:
the answer is the first one
Answer:
A. Third party who can assist in negotiating an end to a conflict
Explanation:
Which item best defines federal discretionary spending?
Answers
Answer:
Explanation:
Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation.
Compare the perspectives of the narrator and her first employers regarding wages.
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According to the narrator, wages are very important when someone applies for a job. The narrator points out that it is important for people to consider wages when applying for a job. According to the narrator, immigrant workers are very important because they can be a way out of poverty and oppression.
Wages are rights in a job or labor that can be accepted and expressed in the form of money as a form of compensation to workers/laborers which can be stated and paid according to a form of work agreement and allowances for workers/laborers through an agreement that has been made with the company or regulations. legislation.
There are several wage setting systems in the world of work. In general, the system is regulated based on the following points.
Wage System Based on Time of WorkResults Based Pay SystemWholesale Pay SystemYou can learn more about Wages here brainly.com/question/13847060
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What are the major technological trends not materially influencing the provision of financial services?
a.The development of internet communication technology
b.The advancement of mobile smart phones
cThe blockchain technology
d.Big data
e.Green energy and battery technology
Answers
There are several major technological trends that are not materially influencing the provision of financial services. One of these is the development of internet communication technology.
While the internet has made it easier for people to access financial services, it has not fundamentally changed the way financial institutions provide services. Another trend that is not materially influencing financial services is the advancement of mobile smart phones. While mobile banking has become increasingly popular, it is still largely based on traditional banking practices. Similarly, while blockchain technology is seen as a potentially transformative innovation, its impact on financial services has been limited so far. Finally, while big data has been used extensively in the financial industry, it has not led to significant changes in the way financial services are provided. Similarly, green energy and battery technology, while important for the environment, have not yet had a major impact on the provision of financial services.
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Which economic system best defines: Lowest amount of economic freedom?
Answers
Answer:
command economy
Explanation:
In a command economy, the government is the only determinant of what is to be produced, its quantity, and price. All the factors of production belong to the government. The government or the central authority creates a central plan that guides all country's economic activities and decisions.
The private sector is absent in a command economy. The government is the only employer. Citizens do not have the freedom to choose what to buy, but rather what is available.
you invest $7,000 in a stock that has a 25% chance of a 6% return, a 35% chance of a 9% return and a 40% chance of a 10% return. what is your expected return after one year?
Answers
To calculate the expected return after one year, we need to multiply the probability of each return scenario by its respective return rate and then sum them up. Given the following probabilities and return rates:
25% chance of a 6% return ,35% chance of a 9% return
40% chance of a 10% return
We can calculate the expected return as follows: Expected return = (Probability of return 1 * Return rate 1) + (Probability of return 2 * Return rate 2) + (Probability of return 3 * Return rate 3)
Expected return = (0.25 * 0.06) + (0.35 * 0.09) + (0.40 * 0.10)
Expected return = 0.015 + 0.0315 + 0.04
Expected return = 0.0865
To determine the actual monetary expected return, we multiply the expected return by the initial investment:
Expected monetary return = 0.0865 * $7,000
Expected monetary return = $605.50
Therefore, the expected return after one year is $605.50.
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Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
Answers
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
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why do business need funding
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PLEASE HELP IVE TAKEN THIS TEST 5 TIMES.... 41 points
an investor purchased 50 shares of stock in a company for $600. one year later, the investor sold all 50 shares for $13 per share. what is the investors rate of return?
Answers
The rate of return for the investor is 8.33%.
First share price: The investor paid $600 for 50 shares, making the initial share price ($600 / 50 shares) $12.
Profit from the sale of shares: The investor made $650 after selling all 50 shares at a price of $13 each.
Compute the difference between the ending sum and the starting investment to determine the profit made:
$650 - $600 = $50
Rate of return: To represent the rate of return as a percentage, divide the profit by the initial investment and multiply the result by 100.
($50 / $600) * 100 = 8.33%
The rate of return for the investor is 8.33%.
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What would be the best time for a person to buy a franchise?
Answers
Answer:
Buying a franchise should be one of the most heavily researched decisions of your life, but timing is everything. Here's how to know when ...Explanation:
HOPE U lIKE MY ANSWER AND MY ANSWER HELPED U.....which of the following is not a method of reducing the impact of moral hazard on expected claim costs? deductibles experience rating careful risk classification careful investigation of claims
Answers
Careful investigation of claims is not a method of reducing the impact of moral hazard on expected claim costs.
Careful investigation of claims is not a method of reducing the impact of moral hazard on expected claim costs. Moral hazard refers to the increased risk-taking behavior or lack of caution exhibited by individuals or entities when they are protected from the full consequences of their actions.
In the context of insurance, it refers to the tendency of policyholders to engage in riskier behavior or file fraudulent claims knowing that they are protected by insurance coverage.
To mitigate the impact of moral hazard on expected claim costs, various methods can be employed. Deductibles, which require policyholders to pay a specified amount out of pocket before the insurance coverage kicks in, incentivize policyholders to be more cautious and avoid filing small or frivolous claims.
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