________ is the philosophy that waste can be eliminated by cutting unnecessary inventory and removing non-value-adding activities in operations
Fill in the blanks with correct word
Just-in-time, JIT
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A company advertises that food preparation time can be significantly reduced with the Handy Dandy Slicer. A sample of 12 individuals prepared the ingredients for a meal with and without the slicer. You are given the preparation times (in minutes) below. Person Preparation Times With Slicer Without Slicer 1 20 22 2 12 18 3 20 18 4 14 22 5 19 19 6 20 21 7 19 18 8 15 12 9 22 18 10 19 25 11 21 26 12 23 20 ? At ? = .05, the null hypothesis should
A. be rejected. B. not be rejected. C. be revised. D. not be tested.
When bonds are retired at maturity ________.
A) the bondholders are paid the face value plus the unamortized premium or less the unamortized discount B) the carrying value equals the face value plus the unamortized premium or less the unamortized discount C) the carrying value always equals the face value D) the entry to retire the bonds may include a gain or loss on retirement of bonds
Enrobe Textiles, Inc., is a small clothing manufacturer that produces men’s polo shirts and pants. The production manager, Zhang Wei, uses two primary resources: sewing machine hours and cutting machine hours. For next month’s production of shirts and pants, Mr. Wei can schedule up to 300 hr of sewing machine time and up to 240 hr of cutting machine time. Production of each polo shirt requires 3.0 hr of sewing time and 1.0 hr of cutting time. Each pair of pants requires 2.0 hr of sewing time and 2.0 hr of cutting time. Based on the analysis of cost and sales figures, Mr. Wei estimates that each polo shirt will yield a profit of $5, and each pair of pants will generate a profit of $7. Given this scenario, what will be the maximum profits that Enrobe Textiles can achieve?
A. $525 B. $390 C. $450 D. $885
What is a fixed-period system?
What will be an ideal response?