In general, operations management activities are information and decision intensive
Indicate whether the statement is true or false.
Answer: TRUE
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What is a person or group that has an interest or concern in an organization?
A. Partner B. Business strategy C. Stakeholder D. Supplier
A supplier to your firm offers credit terms of 2/15 net 45 however, your firm never takes advantage of the discount but instead always pays full price on day 45
Your finance intern claims that your firm would be better off borrowing money from an existing but little used line of credit at a current annualized rate of 8%, pay the firm providing credit at the end of the discount period (day 15 ) and to then repay the line of credit 30 days later on day 45. She argues that the cost to your firm would be lower than current practice. What is the effective cost to the firm of not utilizing the discount vs, the cost of borrowing money to take advantage of the discount? Please show your work and provide your answers in percentage terms.
The following data have been provided by Corby Corporation for the Circuit Prep Department. The company uses the FIFO method in its process costing. Units in process, August 1: materials 60% complete, conversion 45% complete500Units started into production during August8,900Units started and completed during August7,800Units completed and transferred to the next department during August8,300Units in process, August 31: materials 80% complete, conversion 40% complete1,100 Required:Determine the equivalent units of production for the Circuit Prep Department for August using the FIFO method.
What will be an ideal response?
An investment that has the potential to rise substantially in value also has the potential to decline substantially in value. If you cannot afford the possible loss, you should not make that investment
Indicate whether the statement is true or false.