Where in a dependent-events sequence should an in-process quality inspection be placed? Why there?
What will be an ideal response?
The in-process quality inspection should be placed just before the bottleneck in order to save the bottleneck from wasting time working on a part that will later be rejected and thereby improving throughput.
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Shop-floor control (or production activity control) can involve reviewing the status and controlling the progress of orders as they are being worked on.
Answer the following statement true (T) or false (F)
What is the top CRM business driver?
A. Inventory control. B. Increase revenues. C. Competitive advantage. D. Automation/productivity/efficiency.
Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
Balance Sheet (Millions of $) Assets2016 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories 13,440.0 Total current assets$24,654.0 Net plant and equipment 17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals 4,620.0 Total current liabilities$18,480.0 Long-term bonds 10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings 9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$ 1,029.0 Earnings bef int and taxes (EBIT)$ 2,497.0 Less interest 1,050.0 Earnings before taxes (EBT)$ 1,447.0 Taxes$ 314.0 Net income$ 1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$ 509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's dividends per share? A. $2.62 B. $2.91 C. $3.20 D. $3.53 E. $3.88
Blair Scott started a sole proprietorship by depositing $34,000 cash in a business checking account. During the accounting period, the business borrowed $16,000 from a bank, earned $4600 of net income, and Scott withdrew $5800 cash from the business. Based on this information, what is the balance in Scott's capital account at the end of the accounting period?
A. $32,800 B. $48,800 C. $35,200 D. $38,600