which of the following statements is valid when the market supply curve is vertical? question 36 options: market quantity supplied does not change when the price changes. supply is perfectly elastic. an increase in market demand will increase the equilibrium quantity. an increase in market demand will not increase the equilibrium price.
Answers
When the market supply curve is vertical, the correct statement is: supply is perfectly elastic.
This means that no matter the price, the quantity supplied will remain the same. A change in price will not affect the quantity supplied. When the market supply curve is vertical, it means that the quantity supplied by producers is fixed regardless of changes in price. This occurs when the production of a good or service has a fixed maximum capacity, and producers cannot increase output even if the price of the good rises. As a result, changes in demand will only affect the price of the good and not the quantity supplied. In other words, the supply is perfectly inelastic. In this situation, producers have no incentive to increase output in response to rising prices, and buyers must pay a higher price if they want to purchase the same quantity of the good.
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Related Questions
If total fixed costs are unchanged while variable costs and sales price increase by the same amount per unit, what happens to the break-even point?
Answers
If total fixed costs increases while the variable costs and sales price are kept unchanged, the break-even point will increase, and therefore more units will be sold to break-even quantity.
Break-even analysis describes the process of calculating as well as examining the margin of safety for any entity which is based on the revenues collected and associated costs.
In the other words, the break even analysis shows how many sales are required to pay for the cost of doing business.
Analyzing different price levels at the various levels of demand, the break-even analysis determines which level of sales are necessary to cover the company's total fixed costs.
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An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
for a cpa, a client imposed scope limitation during a review of financial statements is most likely to result in:
Answers
For a CPA, a client-forced scope impediment during a survey of fiscal summaries is probably going to bring about the Issuance of a disclaimer of opinion.
The option (B) is correct
For a CPA, when a client forces a restriction on the extent of budget reports to be surveyed, he will think about giving a disclaimer of assessment. If the restriction forced affects the review of budget summaries, then CPA can think about acquiescence.
In a survey commitment, the CPA gives restricted confirmation about whether material changes to the financial reports are required for the budget summaries to be in similarity to bookkeeping norms.
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This question is not complete, Here I am attaching the complete question:
For a cpa, a client imposed scope limitation during a review of financial statements is most likely to result in: Multiple Choice
(A) Resignation from the engagement.
(B) Issuance of a disclaimer of opinion.
(C) Issuance of an adverse opinion.
(D) Only an explanatory paragraph added to report, with no change in the assurance provided.
you are planning to invest in an account earning % per year for retirement.
a. if you put the in an account at age 23, and withdraw it years later, how much will you have?
In 42 years you would have $__
b. if you wait 10 years before making the deposit, so that it stays in the account for only years, how much will you have at the end?
In 32 years you would have $__
Answers
If you invest $6,000 at age 33 and leave it in the account for 21 years, you will have approximately $11,597.98 at age 54. This is how the future value of the investment is calculated.
To calculate the future value of the $6,000 investment, we can use the formula for compound interest:
FV = PV * (1 + r)^n
Where:
PV = present value (the initial investment of $6,000)
r = annual interest rate (5% or 0.05)
n = number of compounding periods (31 years)
Plugging in the values, we get:
FV = 6,000 * (1 + 0.05)^31
FV = 6,000 * 2.982472
FV = $17,894.83
So if you invest $6,000 at age 23 and leave it in the account for 31 years, you will have approximately $17,894.83 at age 54.
b. If you wait 10 years before making the deposit so that it stays in the account for only 21 years, how much will you have at the end?
If you wait 10 years to make the deposit, the investment will have 21 years to grow, so we can use the same formula with n = 21:
FV = 6,000 * (1 + 0.05)^21
FV = 6,000 * 1.932996
FV = $11,597.98
So if you invest $6,000 at age 33 and leave it in the account for 21 years, you will have approximately $11,597.98 at age 54.
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Complete Question -
You are planning to invest $ 6,000 in an account earning 5 % per year for retirement.
a. If you put the $ 6,000 in an account at age 23, and withdraw it 31 years later, how much will you have?
b. If you wait 10 years before making the deposit so that it stays in the account for only 21 years, how much will you have at the end?
a. If you put the $ 6,000 in an account at age 23, and withdraw it 31 years later, how much will you have? In 31 years you would have $....... (Round to the nearest cent.)
Bose is producing headphones QC35. If Bose makes the headphones itself, the margin on the product is $200 and it costs $100 to produce the headphones. Alternatively, Bose can hire a contractor to produce these headphones. Contractor’s margin is $150, cost of production is the same as Bose’s. Consider a decision on capacity investment (done by either Bose or a contractor). How do optimal service levels that Bose and contractor want to set relate to each other? (choose the closest answer)
1) Bose’s service level is 20% higher than that of the contractor
2) Bose’s service level is 10% lower than that of the contractor
3) Bose’s service level is 30% higher than that of the contractor
4) Bose’s service level is 20% lower than that of the contractor
5) Bose’s service level is 30% lower than that of the contractor
6) Bose’s service level is the same as the contractor’s
7) Bose’s service level is 10% higher than that of the contractor
Answers
The closest answer is Option (1) Bose's service level is 20% higher than that of the contractor.
To determine the relationship between the optimal service levels set by Bose and the contractor, we need to consider the trade-offs between the margin and the cost of production for the headphones.
The margin represents the profit made on each unit sold, while the cost of production represents the expenses incurred to manufacture the headphones. Both Bose and the contractor aim to maximize their profits by setting the optimal service levels.
Given that the margin for Bose is $200 and the cost of production is $100, the total profit per unit for Bose is $200 - $100 = $100.
For the contractor, the margin is $150, and the cost of production is the same as Bose's at $100. Thus, the total profit per unit for the contractor is $150 - $100 = $50.
To set the optimal service levels, companies consider factors such as customer demand, market competition, and cost implications. Generally, higher service levels require higher production capacity, which may increase costs. Conversely, lower service levels may result in lower costs but could lead to lost sales or dissatisfied customers.
Based on the information provided, we can determine that Bose's total profit per unit is higher than that of the contractor ($100 vs. $50). This suggests that Bose has a higher margin and can afford to invest more in capacity to meet higher service levels.
Therefore, Bose, with a higher profit margin, can aim for a higher service level compared to the contractor. This allows Bose to meet customer demand more effectively, potentially leading to a competitive advantage in the market.
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Chan has opened a savings account at a bank near his house. He has been given the option of online access to all transactions from this new account. He now has to decide on a password to secure the online access to his bank account. Which password can Chan use for maximum security?
Answers
Prioritize password length: Secure passwords should have at least 16 characters in order to lessen the possibility of becoming a victim of a data leak or hack. So, for maximum security, Chan can use the password (C) 123456chanbankacc!.
What do we mean by password security?Put password length first: To reduce the likelihood of being a victim of a data breach or cyberattack, secure passwords should be at least 16 characters long.
Do not reuse passwords: Credential stuffing attacks, which are regularly exploited by hackers, put you in danger if you use the same password for many accounts.
The first line of security against unwanted access to your computer and personal information is provided by passwords.
Your computer will be more secure from hackers and bad malware if your password is strong.
Strong passwords should be used for every account on your computer.
Try to include both upper- and lowercase characters, numerals, and symbols.
The use of dictionary terminology should be avoided. Swimming1 is an example of a bad password.
Therefore, prioritize password length: Secure passwords should have at least 16 characters in order to lessen the possibility of becoming a victim of a data leak or hack. So, for maximum security, Chan can use the password (C) 123456chanbankacc!.
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Complete question:
Chan has opened a savings account at a bank near his house. He has been given the option of online access to all transactions from this new account. He now has to decide on a password to secure online access to his bank account. Which password can Chan use for maximum security?
A. chan123
B. chan1234
C. 123456chanbankacc!
D. 12345chan
who is called living lion of nepal and why and when he got this title
Answers
Explanation:
Bada kaji amar singh thapa is called the living lion of nepal.
deu to his fighting prowess,greater leader ship and patriotism.
ceremonial speech samples or template
Answers
Ceremonial speeches are given on special occasions, such as weddings, graduations, or awards ceremonies, and they require a certain level of formality and structure.
To help prepare for such speeches, it's helpful to look at samples or templates to guide the speechwriting process. There are numerous resources available online that offer free ceremonial speech templates or examples, which can be customized to fit the specific event and audience. These samples typically provide guidance on how to structure the speech, what to include in the introduction, body, and conclusion, and how to capture the audience's attention and leave a lasting impression. It's important to remember that while using a template can be helpful, it's also important to personalize the speech to make it unique and appropriate for the occasion. By following a template or using a sample as a guide, individuals can feel more confident in their speechwriting abilities and deliver a memorable and impactful ceremonial speech.
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Compute cost of goods sold using the following information: $ 10 points Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, ending 600 7,800 1,150 eBook Hint Cost of Goods Sold is Computed as: Beginning finished goods inventory Print References Cost of goods sold 0 Check my work Compute the total manufacturing cost for a manufacturer with the following information for the month. 10 points Raw materials purchased Direct materials used Direct labor used Factory supervisor salary Salesperson commissions Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials $ 42,400 62,750 16,400 12,000 6,600 3,900 3,000 1,350 eBook Hint Print References Total Manufacturing Cost is Computed as: 1 $ 62,750 Direct materials used in production Direct labor used in production Factory overhead used in production 16.400 Total manufacturing costs $ 79,150
Answers
The cost of goods sold is $7,250 and the total manufacturing cost is $108,000.
To compute the cost of goods sold (COGS) and total manufacturing cost, we can use the given information
For the cost of goods sold (COGS)
Beginning finished goods inventory: $600
Cost of goods manufactured: $7,800
Ending finished goods inventory: $1,150
COGS = Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory
= $600 + $7,800 - $1,150
= $7,250
Therefore, the cost of goods sold is $7,250.
For the total manufacturing cost
Raw materials purchased: $42,400
Direct materials used: $62,750
Direct labor used: $16,400
Factory supervisor salary: $12,000
Salesperson commissions: $6,600
Depreciation expense - Factory building: $3,900
Depreciation expense - Delivery equipment: $3,000
Indirect materials: $1,350
Total manufacturing cost = Direct materials used + Direct labor used + Factory overhead used
= $62,750 + $16,400 + ($12,000 + $6,600 + $3,900 + $3,000 + $1,350)
= $62,750 + $16,400 + $29,850
= $108,000
Therefore, the total manufacturing cost is $108,000.
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Okay is it just me or is anyone else getting so many exams and redos right now
Answers
Answer:
ufff
Explanation:
exam s are over Best Of Luck ! ❤️❤️
Answer:
i am
Explanation: hey it me mat, i know its been a while and you problably forgot about me by now but. im sorry and id like to talk.
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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Agent Sam has a purchase agreement to buy a house from Mr. Smith for $100,000. Agent Sam and Mr. Smith agree to new terms including a price of $102,000. and sign a new agreement to replace the old one. Then Agent Sam sells the right to buy the house for $102,000. to Mr. Jones who will go to the Act of Sale and actually buy it. What are two legal concepts that have occurred
Answers
Answer:
1. The substitution of a new contract for an old one.
2. The new agreement extinguishes the rights and obligations
“Creditors do not actually have to worry about their dues in case the business fails.” In which
form of business is this possible? Which special feature is highlighted in this statement ?
Answers
Answer:
Sole proprietorship
The sole proprietor(not creditors but creditor) bears all losses
Explanation:
Sole proprietorship is a form of business in which there is no legal difference between the owner and the business entity as both are one and the same. The term 'sole' connotes 'only' while 'proprietorship' connotes 'owner(ship)'; it is also referred to as individual entrepreneurship. This is because only the owner of the business (the proprietor) bears all the risks (losses, debts, legal actions etc) and benefits (profits, dividends etc) of the business venture. He owns all the assets of the business venture, debts as well as the legal actions (whether positive or negative); when business is faring well, he enjoys a handsome profit and when business is struggling, he also bears the brunt of it.
The special feature highlighted in the statement above is the reality that the "creditors" refers simply and only to the proprietor (the owner of the business); in which case, if the business fails, the proprietor does not have to bother about the backlash from creditors' pressures, legal actions etc. He is the sole bearer of the losses of the business venture.
Vendors submit invoices prior to receiving purchase orders from companies.
True
False
Answers
Answer:
False
Explanation:
Only after the purchase was approved
This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answers
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
types of insurance plz in detail
Answers
Answer:
health insurance life insurance car insurance etc
Explanation:
health issues they give money
money on customers death
money for car damage fix
outline 2 reasons for completing assigned tasks daily
Answers
In summary, it is important to complete your tasks because it helps you feel better, helps you identify what you should be working on and together that means you complete more tasks.
Find the average rate of change of the tuition and fees at public two-year colleges. the average rate of change is $ nothing per year. (simplify your answer. round to the nearest cent as needed.)
Answers
The average change in the tuition in the school is $1748.30 per year
How to find the average rate of changeThe formula would be
y2 -y1 / x2 - x1
The value for y1 = 19890
y2 = 30380
x2 = 2011
x1 = 2005
We would have to put these values in the formula that we have above such that we would be having:
30380 - 19890 / 2011 - 2005
10490 / 6
= $1748.30
Hence we would say that the average rate of change is $1748.30 per year.
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T/F: A contract that is oral when it is required to be in writing is unenforceable, meaning a party who does not wish to follow through with the agreement may refuse to perform.
Answers
The given statement " A contract that is oral when it is required to be in writing is unenforceable, meaning a party who does not wish to follow through with the agreement may refuse to perform." is true because these types of contracts are known as "Statute of Frauds" contracts and are typically those dealing with real estate, sales of goods over a certain amount, and contracts that cannot be performed within one year.
The purpose of the statute of frauds is to prevent fraud and misunderstanding by requiring certain contracts to be in writing so that there is a clear record of the agreement.If a party wishes to enforce a contract that is required to be in writing, they must be able to produce a written agreement signed by both parties.
If there is no written agreement, a court will not enforce the contract and the party who does not wish to follow through with the agreement may refuse to perform without consequence.It is important to ensure that contracts that are required to be in writing are indeed put in writing in order to avoid any potential legal disputes or misunderstandings in the future.
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according to of when vertical integration creates value, vertical integration is valuable when it reduces threats from a firm's suppliers or buyers due to any transaction-specific investments a firm has made. group of answer choices opportunism-based explanations opportunity-based explanations firm capability explanations corporate strategy explanations
Answers
Vertical integration is useful when it minimizes pitfalls from a establishment's suppliers or buyers, according to B) occasion- grounded explanations of when it provides value.
Investments relate to means as a resource or thing bought with the intention of producing a profit or appreciating in value in the future and serving the investor. To increase gains, investments are made in bonds, stocks, real estate, and a variety of other enterprises.
Vertical integration is a business approach that allows a pot to streamline its operations by acquiring direct power of colorful stages of the manufacturing process rather than depending on outside contractors or suppliers.
Vertical integration can be achieved by acquiring or forming one's own suppliers, manufacturers, distributors, or retail outlets rather than outsourcing them. Vertical integration, on the other hand, may be regarded as a parlous implicit disadvantage due to the considerable original capital expenditure needed.
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Correct question:
According to _____ of when vertical integration creates value, vertical integration is valuable when it reduces threats from a firm's suppliers or buyers due to any transaction-specific investments a firm has made.
A) firm capability explanations
B) opportunity-based explanations
C) flexibility-based explanations
D) opportunism-based explanations
Exports were $200, gdp was $2000, government purchases were $300, imports were $130, and investment was $400. what was seilerville's consumption in 2008?
Answers
Seilerville's purchase in 2008 was $1,230.apologies for the confusion.
seilerville's consumption in 2008 was $1,270.
to calculate seilerville's consumption in 2008, we can use the formula:
gdp = consumption + investment + government purchases + net exports
given:
gdp = $2,000
investment = $400
government purchases = $300
net exports = exports - imports
exports = $200
imports = $130
substituting the given values into the formula, we can solve for consumption:
$2,000 = consumption + $400 + $300 + ($200 - $130)
$2,000 = consumption + $400 + $300 + $70
$2,000 = consumption + $770
subtracting $770 from both sides:
consumption = $2,000 - $770
consumption = $1,230 let's rework the calculation with additional information.
given:
gdp = $2,000
investment = $400
government purchases = $300
exports = $200
imports = $130
to determine seilerville's consumption in 2008, we need to consider the components of gdp. gdp is the sum of consumption, investment, government purchases, and net exports (exports minus imports).
net exports = exports - imports
net exports = $200 - $130
net exports = $70
now we can rearrange the gdp equation to solve for consumption:
gdp = consumption + investment + government purchase + net exports
substituting the given values:
$2,000 = consumption + $400 + $300 + $70
rearranging the equation:
consumption = $2,000 - ($400 + $300 + $70)
consumption = $2,000 - $770
consumption = $1,230
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Which of the following is an example of a restrictive covenant?
a. Government regulations require disclosure of certain information.
b. A homeowner is required to carry adequate insurance by a mortgage lender.
c. A lender stipulates that it receive a percentage of a borrowing firm's profits
d. You tell your neighbor that they cannot park their car on the street in front of your house.
Answers
Restrictive covenants are provisions in a contract that forbid, forbid, limit, or otherwise regulate the conduct of a specific individual or entity.
What is a restrictive covenant in simple terms?Restrictive covenants are provisions in a contract that stop, forbid, limit, or restrict the actions of a particular person or entity. Real estate transactions frequently include restrictive covenants that cover a wide range of topics, from the number of tenants allowed in a building to the colours you can use to paint your home.
Four different sorts of promises can be found in restrictive covenants: (1) a promise not to compete with one's previous employer; (2) a promise not to solicit or accept business from former employer's clients; and (3) a promise not to hire or hire away former employer workers; (4) the pledge to abstain from using.
Therefore, the correct answer is option b) a homeowner is required to carry adequate insurance by a mortgage lender.
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The term relevant range as used in cost accounting means the range over which: Group of answer choices Costs may fluctuate. Relevant costs are incurred. Production may vary. Cost relationships are approximately linear.
Answers
Option D. The term relevant range is the range over which Cost relationships are approximately linear.
What is relevant range?This is the term that is used to refer to the assumption that the cost relationships are valid.
What this means is that the existing relationship between cost and any activity are linear, in a straight line.
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what does G.D.P stand for
Answers
Answer:
Gross Domestic Product
Explanation:
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
What are some of the barriers Alibaba is facing as it expands globally? 2. Why would the sale of counterfeit products through its sites be damaging to Alibaba?
Answers
Answer:
Challenges:
1. Logistics issues
2. Minimu Order quantity.
Explanation:
Some of the challenges been faced by Alibaba currently as it expands globally is it logistics issues, some of it sellers or stores on the site don’t ship goods and services directly to some selected countries as buyers from such countries would need to employ the use of a third party agent, example of such countries are third world countries in Africa. In cases where option of shipping is provided shipping fees are usually to high and un affordable. Another issues faced by buyers on the platfoem is the Minimum Order Quantity MOQ as this is a big issue and serious concerns for intending customers who just need a few of the product and not the compulsory 500pcs or 1000pcs usually available to them.
2. Sales of counterfeit products on Alibaba platform would be very damaging to them because there are other competitors who offer same services too. once customers start noticing a decline in quality of their products they build a bad image of Alibaba which results in losing of customers which would hamper the growth of Alibaba globally.
high-income nations are home to what percentage of the earth's population?
Answers
High-income nations are home to approximately 15% of the earth's population.
High-income nations, which are characterized by high levels of economic development and income per capita, are home to a relatively small percentage of the world's population. According to the World Bank, as of 2021, there were 31 high-income countries, accounting for about 15% of the world's population.
This means that the majority of the world's population resides in middle-income and low-income countries, which face a range of economic, social, and environmental challenges. These challenges include poverty, inequality, inadequate access to healthcare and education, environmental degradation, and climate change impacts.
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Which of the following scenarios best describes the economic impact of gender inequality in reproductive health?
A. female genital mutilation
B.Non-provision of maternity leave.
C. lack of access to midwives.
D. high maternal mortality rates.
E. Infant mortality rates
Answers
The economic impact of gender inequality in reproductive health is best described by high maternal mortality rates. The correct answer is D.
How was economic impact of gender inequalityIn terms of the economic impact of gender inequality in reproductive health, high maternal mortality rates can be said to be the best explanation. Gender inequality refers to the discrimination of an individual based on gender.
Reproductive health is a part of health care that deals with the reproductive system, which includes pregnancy and childbirth.
When women are subjected to gender inequality in reproductive health, they may face difficulties getting pregnant and suffer from life-threatening health problems. They may also not receive adequate health care when they get pregnant or during childbirth, which may result in maternal mortality.
High maternal mortality rates mean that more women are dying during pregnancy, childbirth, and postpartum periods. Maternal mortality can result in the loss of income for the family of the deceased, particularly if she was the primary breadwinner. Furthermore, if the deceased has children, they will be deprived of care and support, which could lead to them experiencing economic and social hardships.
As a result, gender inequality in reproductive health has an economic impact on families and society at large. Therefore, gender inequality in reproductive health is not only a health concern but also an economic concern.
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Quickly changing tooling and fixtures to reduce setup time and achieve higher flexibility and productivity is the principle of _____. Group of answer choices SMED the 5Ss andon Kanban
Answers
Quickly changing tooling and fixtures to reduce setup time and achieve higher flexibility and productivity is the principle of SMED.
SMED stands for Single Minute Exchange of Die. This refers to the concept of carrying out die changes or setups in a single-digit or "single minute" timespan. SMED is a methodology used in lean manufacturing that aims to reduce the time it takes to changeover a manufacturing procedure from one product to another. It helps organizations to become more flexible by reducing the time it takes to respond to new customer demands, which in turn leads to a rise in productivity.
SMED comprises a sequence of measures that aim to streamline the changeover process, leading to a quicker setup time. SMED is divided into two stages: external and internal. The external phase covers activities that can be completed while the production line is still running. In contrast, the internal phase focuses on activities that can only be completed once the production line has been halted. SMED involves two major steps:Identifying and separating external and internal setup stepsConverting as many internal setup steps as possible to external setup steps.To achieve higher flexibility and productivity in manufacturing, SMED implements techniques such as tooling and fixturing to reduce setup time.
Tooling refers to the set of tools, fixtures, and equipment used to manufacture a product. Fixturing, on the other hand, refers to the methods and devices used to hold, position, and support a workpiece during the manufacturing process. Together, these techniques help organizations achieve higher flexibility and productivity.
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For what period of time are taxpayers expected to maintain records generally related to their income tax returns?.
Answers
Taxpayers are expected to maintain records generally related to their income tax returns for a period of at least three years from the original tax filing date. This is the minimum requirement for keeping records.
The IRS may choose to audit tax returns for up to six years after the original tax filing date, so it is recommended that taxpayers keep records for at least six years to be safe. If a taxpayer fails to keep proper records, they may be subject to penalties or even criminal charges. The records that taxpayers are required to keep may include documents such as receipts, invoices, canceled checks, and bank statements. These documents should be kept in a safe place, such as a fireproof safe or a safety deposit box. Taxpayers should also keep a copy of their tax return and all supporting documents for their own records. In addition to federal income tax, taxpayers should also keep records related to state and local income taxes.
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Money Matters Help
You just got your first job and are planning to rent your own apartment. what steps would you follow to make this process easier?
Answers
Explanation:
A Step by Step Guide Through the Rental Application Process
Fill out a rental application. Let's start with the basics: the apartment application itself. ...
Pay the apartment application fee. ...
Expect credit and background checks. ...
Prove you can pay rent. ...
Figure out if you need a co-signer. ...
Show them that you are an agreeable renter. ...
Have good personal references. ...
Sign the lease.
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