Manufacturing and service are often similar in terms of what is done, but different in terms of how it is done. For example, manufacturers must decide what size factory is needed; service organizations must decide what size building is needed. Explain the differences between manufacturing and service for 2 of the following areas:
Customer contact
Uniformity of output
Uniformity of input
Measurement of productivity
Labor content of jobs
Quality assurance

Answer: When considering measurement of productivity, manufacturing firm tends to do more in this scenario. In productivity, manufacturing firm operates around the clock in order to meet their target and the demands of the industry

Explanation:

Measurement of productivity

When considering measurement of productivity, manufacturing firm tends to do more in this scenario. In productivity, manufacturing firm operates around the clock in order to meet their target and the demands of the industry, while in service, productivity is still met but functionality only takes place when it's needed or when they are scheduled, in order to avoid failure or for optimal performance.

Quality assurance

In quality assurance, the manufacturing aspect gives a very great attention to this, although the service firm considers it but the manufacturing has to consider the quality of product, quality of items used as all will play a vital role on what kind of result they want.

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A firm is evaluating the alternative of manufacturing a part that is currently being outsourced from a supplier. The relevant information is provided below:

For in-house manufacturing:

Annual fixed cost = $85,000
Variable cost per part = $130
For purchasing from supplier:

Purchase price per part = $140
If demand is forecast to be 2,500 parts, should the firm make the part in-house or purchase it from a supplier? Round your answer to the nearest whole number.

Break-Even Quantity:
parts

The best decision is to
-Select-
.

The marketing department forecasts that the upcoming year’s demand will be 2,500 parts. A new supplier offers to make the parts for $138 each. Should the company accept the offer? Round your answer to the nearest whole number.

New Break-Even Quantity:
parts

The best decision is to
-Select-
.

What is the maximum

A trading company on April 30, paid BD 750,000 for a machine which can produce 1,400,000 units in 10 years life. The machine have a salvage value of BD 50,000 and produce 25,000 units in first year, 45,000 units in second year and 70,000 units in third year. Compute depreciation expense for the Second year assuming the company uses the unit production method. O A. 22500 O B. 35000 O C. 12500 O D. 15000

A yield can be paid in form of what

Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2 per pound for Mack’s peanuts. Mack wants to sell them for $2.50. Under UCC, what happens when Mack asks for the higher amount, assuming both parties are merchants?

Mack’s offer becomes a counteroffer in this transaction, and Yolanda is the offeree.
Mack’s change of terms is incorporated into the standing deal.
Mack cannot make a new offer under UCC – he can only accept or reject Yolanda’s standing offer.
Mack’s offer negates the terms of the contract, and a new contract must be drawn up when both parties can meet.

The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet.
She has studied three locations. Each would have the same labor and materials costs (food, serving
containers, napkins, etc.) of $1.76 per sandwich. Sandwiches sell for $2.65 each in all locations.
Rent and equipment costs would be $5,000 per month for location A, $5,500 per month for location B, and $5,800 per month for location C.
a. Determine the volume necessary at each location to realize a monthly profit of $10,000.
b. If expected sales at A, B, and C are 21,000 per month, 22,000 per month, and 23,000 per
month, respectively, which location would yield the greatest profits?

Compare: High Rate vs Snowball.

6. A standard repayment term for a home loan is 30 years, or 360 months. How long does it take you to repay your mortgage using this method?

Blue Spruce Company had $152,600 of net income in 2016 when the selling price per unit was $153, the variable costs per unit were $93, and the fixed costs were $573,300. Management expects per unit data and total fixed costs to remain the same in 2017. The president of Blue Spruce Company is under pressure from stockholders to increase net income by $61,700 in 2017.
(a) Compute the number of units sold in 2016. (Round answer to 0 decimal places, e.g. 1,225.) ______units
(b) Compute the number of units that would have to be sold in 2017 to reach the stockholders' desired profit level. _______units

On January 1, 2020, Crane Company sold to Blossom Company $740000 of its 8% bonds for $655119 to yield 11%. Interest is payable semiannually on January 1 and July 1. What amount should Crane report as interest expense for the six months ended June 30, 2020? a) $36032 b) $26205 c) $40700 d) $29600

Two European Courts are the Court of Justice of the European Union and the European Court of Copyrights.


False

True

An investor owns 60 shares of common stock of a company issuing new shares in a rights offering. The stock trades at $12 per share. The company requires that investors must submit 9 rights plus $10 to purchase a new share of stock. Fractional shares automatically become whole shares. How many additional shares may the investor purchase and what is the amount of money that needs to be paid for the new shares

Let's say that a country produces only 2 final products during a certain period of time: hats and hairdryers. The quantities are 24 hats and 10 hairdryers at a per unit price of $5, and $15 respectively. The country also produces 2 intermediate products (cotton and metals) to help produce the hats and hairdryers; the total value of the intermediate goods is $50. The country's depreciation is $20. What is this country's NDP (Net Domestic Product) during this period of time

Under contract law, a promise not to do something that a person could otherwise do __________. is only deemed legal consideration for a contract if the person giving it is financially harmed is called a forbearance and is an adequate legal value to support the existence of consideration for a contract is called a forbearance, but is not adequate legal consideration for a contract is called promissory estoppel, and qualifies as legal consideration

If cash is received from customers in payment for services that have not yet been performed, the business would record the cash receipt as: Multiple Choice A debit to an unearned revenue account. A debit to a prepaid expense account. A credit to an unearned revenue account. A credit to a prepaid expense account. A credit to accounts payable.

Chapter 5 Questions Answer the following items and upload your responses to the appropriate drop box by the due date. 1. Orange Sun Manufacturing, Inc. produces high quality sunglasses which are marketed and sold under various brand names. The production engineers have determined that each line employee accounts for approximately 10 units per labor hour. If employees work an average of 2000 hours per year, and projected sales for 2017 are 9.5 million units, how many line employees will we need for the coming year

Gelb Company currently manufactures 56,500 units per year of a key component for its manufacturing process. Variable costs are $4.05 per unit, fixed costs related to making this component are $85,000 per year, and allocated fixed costs are $78,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.50 per unit. Calculate the total incremental cost of making 56,500 units and buying 56,500 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier

Denton and Carlo were employed at an appliance plant. Their job required them to do occasional maintenance work while standing on a wire mesh twenty feet above the plant floor. Other employees had fallen through the mesh, and one was killed by the fall. When Denton and Carlo were asked by their supervisor to do work that would likely require them to walk on the mesh, they refused due to their fear of bodily harm or death. Because of their refusal to do the requested work, the two employees were fired. Was their dis-charge wrongful

how do I create a marketing plan ​

Here is the income statement for Windsor, Inc. WINDSOR, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $420,100 Cost of goods sold 235,100 Gross profit 185,000 Expenses (including $16,100 interest and $21,900 income taxes) 72,500 Net income $ 112,500 Additional information: 1. Common stock outstanding January 1, 2022, was 22,400 shares, and 36,600 shares were outstanding at December 31, 2022. 2. The market price of Windsor stock was $12 in 2022. 3. Cash dividends of $22,600 were paid, $4,600 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share $enter earnings per share in dollars 3.66 (b) Price-earnings ratio enter price-earnings ratio in times 3.28 times (c) Payout ratio enter payout ratio in percentages 19.8 % (d) Times interest earned enter times interest earned 9.35 times

You purchased eight put option contracts with a strike price of $30 and a premium of $1.10. What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $26.50 a share

The information below pertains to Teal Company for 2021.
Net income for the year $1,150,000
6% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 2,040,000
6% convertible, cumulative preferred stock,
$100 par value; each share is convertible into 3 shares of common stock 4,130,000
Common stock, $10 par value 6,030,000
Tax rate for 2021 20%
Average market price of common stock $25 per share
There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 73,600 shares of common stock at $20 per share.
Instructions
(a) Compute basic earnings per share for 2021.
(b) Compute diluted earnings per share for 2021.

Assume Concord Corporation has the following reported amounts: Sales revenue $1,000,000, Sales returns and allowances $29,000, Cost of goods sold $657,367, and Operating expenses $215,600. (a) Compute net sales. Net sales $enter net sales in dollars (b) Compute gross profit. Gross profit $enter gross profit in dollars (c) Compute income from operations. Income from operations $enter Income from operations in dollars (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.)

The following unadjusted accounts are taken from the records of Brown Corp. at December 31, 2019:
Bank Loan 201 Interest Expense 632 Interest Payable 222 12,000 200 100
Additional Information: The bank loan bears interest at 6% per year. It was obtained on April 1, 2019.
Payment in full is due on March 31, 2020.
Required: Prepare the adjusting entry at December 31, 2019

Gordon is a new divisional manager at AskSocrates. In reorganizing his division, he must make some decisions regarding the span of control for management within his division. While observing the departments in his division, Gordon notices that some managers with wide spans of control seem to perform more effectively than other managers with similarly sized spans of control. Which of the following statements is most likely to be true regarding the high-performing managers?

a. These managers are paid higher salaries than the low-performing managers.
b. These managers have external locus of control.
c. The employees within their departments tend to compete to reach productivity goals, which boosts performance.
d. The employees within their departments score high on agreeableness.
e. The employees within their departments are highly skilled and very knowledgeable about their jobs.

Nesmith Corporation is considering two alternatives: A and B. Costs associated with the alternatives are listed below: Alternative AAlternative B Materials costs$26,000 $60,000 Processing costs$32,000 $32,000 Equipment rental$10,600 $28,300 Occupancy costs$19,300 $27,200 What is the differential cost of Alternative B over Alternative A, including all of the relevant costs

EK Chemical Company sells a specialty chemical in packages marked 83 g. In reality, EK has set the process mean at 84.0 g, and the process currently has a standard deviation of 1.85 g. Suppose the customer will accept anywhere from 78 to 88 g, as long as the average package has at least 83 g a. The process capability index for the current manufacturing process is___________(Enter your response rounded to three decimal places.)

the true statement from the list below, regarding the Contribution Format Income statement. Multiple Choice The Contribution Format Income Statement could be prepared by someone external to the company just by using the reported GAAP Traditional Income Statement. The Contribution Format income statement is utilized only for external reporting purposes. The Contribution Format Income Statement is utilized for internal decisionmaking purposes. The format of the Contribution Format Income statement begins as: Sales minus Cost of Goods Sold equals Contribution Margin.

Item9 Time Remaining 34 minutes 55 seconds00:34:55 Item 9 Time Remaining 34 minutes 55 seconds00:34:55 Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. Production volume 13,900 units 15,000 units Direct materials $ 813,150 $ 877,500 Direct labor $ 215,450 $ 232,500 Manufacturing overhead $ 1,011,500 $ 1,024,150 The best estimate of the total variable manufacturing cost per unit is: (Round your intermediate calculations to 2 decimal places.) Multiple Choice

Nick and Beth run a catering business in which they have two major tasks: getting new clients and preparing food for events and parties. It takes Nick 8 hours to prepare food for an event and 4 hours of effort to get each new client. For Beth, it takes 12 hours to prepare food for an event and 3 hours to get a new client.
1. Who has an absolute advantage in food preparation?
2. Who has a comparative advantage in food preparation?
Suppose that initially, Nick and Beth are both splitting both tasks for a large number of events. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by __?__.
The second part threw me off and I got confused. I put up the entire problem just to see if i answered it correctly or not to see whether that was what threw me off or not. Thanks in advance! :)

Donald Jackson invests $58,800 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Donald withdraws the accumulated amount of money.

Required:
a. Compute the amount Donald would withdraw assuming the investment earns simple interest.
b. Compute the amount Donald would withdraw assuming the investment earns interest compounded annually.
c. Compute the amount Donald would withdraw assuming the investment earns interest compounded annually.

What are the implications of managing external environment​