Manufacturing Operations is often referred to as the "Technical Core" of any business or organization. In your opinion, describe how and why manufacturing operations would be qualified as the "Technical Core".
Think about how manufacturing operations plays a 2-way role in the exchange of information (or deliverables) between Marketing/Sales, Human Resources, Suppliers, Finance/Accounting. Choose any one (1) of these functional areas mentioned above and describe 1 or 2 things that manufacturing operations would be consulted on, or leveraged by these functional areas in terms of helping the business or organization to be successful.
Aim for 50 to 75 words in your response.
Answer Should be unique and in word limit will be appreciated.
Answers
Manufacturing operations can be qualified as the "Technical Core" of a business or organization due to its central role in converting raw materials into finished products.
It involves the use of specialized equipment, processes, and technical knowledge to ensure efficient production. This core function interacts with other departments, such as Marketing/Sales, Human Resources, Suppliers, and Finance/Accounting, in a two-way exchange of information and deliverables.
For example, in the context of Marketing/Sales, manufacturing operations would be consulted on production capacity and lead times. This information is crucial for determining product availability, setting realistic delivery timelines, and managing customer expectations.
Additionally, manufacturing operations may provide insights on product design and feasibility, helping marketing teams understand the limitations and possibilities of production processes, which can influence product development strategies and pricing decisions. Overall, manufacturing operations play a vital role in enabling successful marketing and sales efforts by ensuring realistic production capabilities and informing product-related decisions.
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Related Questions
advantages of intensive strategies
Answers
Answer:
The advantage of applying an intensive distribution strategy is in generating revenue, product awareness and pushing for impulse buying.
As more products are sold, more money is earned.
As more locations carry the products, the more opportunities there are for manufacturers to make profit.
Explanation:
hope this helps
Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
Choose the option that best matches the description given.
Providing assistance to people in need through programs is known as ___
services. a mental health b rehab c human
Answers
Answer:
Human services
Explanation:
A capital projects fund would probably not be used for which of the following assets?a. Construction and installation of new shelving in the mayor’s office.b. Financing and construction of three new fire substations.c. Purchase and installation of an entity-wide integrated computer system (such as SAP or Oracle).d. Replacing a bridge.
Answers
A capital projects fund would not be used for a. Construction and installation of new shelving in the mayor’s office.
A capital projects fund is intended for major investments in long-term assets such as infrastructure, property, equipment, and other capital improvements.
Therefore, the other three options -
b. Financing and construction of three new fire substations;
c. Purchase and installation of an entity-wide integrated computer system (such as SAP or Oracle); and
d. Replacing a bridge - are the type of investments a capital projects fund would be used for.
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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of direct materials and used $3,000 of direct labor. The job was not finished by the end of September, but needed an additional $2,000 of direct materials and additional direct labor of $4,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B
Answers
The balance in the Work in Progress account at the end of September relative to job A3B is $10500.
During September month material amounting to $1500 and direct labor amounting to $3000 was introduced in the process and Overheads at the end of each month is 200% of direct labor.
Cost incurred = 200% of $3000
= $6000.
As specified by the question that the job is not finished at month end and additional material and labor amounting to $2000 and $4500 respectively is required in October month . So the whole cost incurred in September month that is $1500+$3000+$6000=$10500.
$10500 is transferred to Work in progress account . When Job gets finished that is in month of October the whole cost amounting to 10500+2000+4500+(4500*200%) =$ 26000 transferred to Finished Goods Account.
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A major corporation wants to issue a bond; they have a reputation for being a trustworthy company. They want to use their credit rating to guarantee the bond. What type of bond
would they issue? Why?
A. Corporate
B. Municipal
C. Agency
D. US Treasury
Explain why
Answers
Answer:
A. Corporate
Explanation:
Corporate bonds are debt securities(loans) issued by public and private corporations. They present an investment opportunity to the investor(the purchaser of the bond). Corporations with a good reputation with a solid financial background use bonds to raise additional capital for business use.
The corporation assures the investor of a regular interest payment of the amount borrowed. At maturity, the investor gets back the principal amount. Bonds issued by private and public companies are referred to as corporate bonds, just as the name suggests.
True or False? from a quantitative standpoint, a segment should be eliminated if its contribution margin is less than the fixed costs that can be eliminated.
Answers
The statement, from a quantitative standpoint, a segment should be eliminated if its contribution margin is less than the fixed costs is true.
In order to make a decision about whether or not to eliminate a particular segment of a business, a quantitative analysis needs to be done. One of the key factors to consider in this analysis is the contribution margin of the segment in question. The contribution margin is the amount of revenue generated by the segment, minus its variable costs.
This represents the portion of revenue that is contributing towards covering the company's fixed costs. If the contribution margin of a particular segment is less than the fixed costs that can be eliminated by cutting the segment, then it makes financial sense to eliminate the segment.
This is because the company is not even covering its fixed costs with the revenue generated by the segment, so there is no point in keeping it. Overall, it is important for businesses to regularly evaluate their segments in order to make strategic decisions about which ones to keep and which ones to cut.
This can help to optimize profitability and ensure long-term success. Thus, the given statement is correct.
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The job characteristics model has five components that enhance employee jobs skill variety, task identity, task significance, autonomy, and feedback. Give an example illustrating how each component can be used to improve the organization and the job of the employee.
Answers
Some illustrating how each component of the job characteristics model can be used to improve the organization and the job of the employee:
Skill variety: Increasing skill variety involves giving employees the opportunity to use a range of skills and abilities in their work. For example, a company might encourage cross-training and rotation of tasks so that employees can develop new skills and broaden their knowledge. Task identity: Improving task identity involves giving employees a sense of ownership and responsibility over their work by assigning them complete tasks from start to finish.This can help improve job satisfaction and reduce boredom, while also increasing productivity and efficiency as employees become more versatile and flexible in their roles. For example, a manufacturing company might allow an employee to oversee an entire production process from beginning to end, rather than just performing one small part of the process. This can help employees feel more connected to their work, and can also improve efficiency and quality by allowing them to take ownership of the outcome.
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The _____________ represented sweeping changes to the tax code and reframed the computation of employee income tax.
Answers
The Tax Cuts and Jobs Act represented sweeping changes to the tax code and reframed the computation of employee income tax.
What is Tax Cuts and Jobs Act?Tax Cuts and Jobs Act serves as the established act that focus on the changes to the tax code as regards the employees.
Therefore,Tax Cuts and Jobs Act changes to the tax code reframed the computation of employee income tax.
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Parent Corporation for ten years has owned all of the stock of Subsidiary Corporation, which manufactures widgets. Parent's basis in Subsidiary's stock is $500,000. Subsidiary Corporation is insolvent and has no assets to redeem any of the stock that Parent Corporation owns when it liquidates. Nearly all of Subsidiary's gross income during the past five years has come from nonpassive activities. Parent can recognize
Answers
Suppose there are only three people in the economy: jane, harry, and bob. the individual demand for corn for each of these consumers is given in exhibit 3-1. the total quantity demanded of corn if the market price is $5 is ____.
Answers
Answer:
$25
Explanation:
Please check the attached image for a diagram of exhibit 3-1
The total quantity demanded can be found by adding the sum of the quantity demanded at $5.
Jane doesn't demand at $5, so her quantity demanded is 0
For Henry it is 8
For Bob, it is 17
Total quantity demanded ia 25
I hope my answer helps you
Q9. WE Company has completed all operating budgets other than the income statement for 2024. Selected data from these budgets follow.
Sales: $350,000
Purchases of raw materials: $145,000
Ending inventory of raw materials: $15,000
Direct labor: $40,000; Manufacturing overhead: $73,000, including $3,000 of depreciation expense
Selling and administrative expenses: $36,000 including depreciation expense of $1,000; Interest expense: $1,000
Principal payment on note: $2,000; Dividends declared: $2,000 and Income tax rate: 30%
Other information:
Assume that the number of units produced equals the number sold.
Year-end accounts receivable: 4% of 2024 sales.
Year-end accounts payable: 50% of ending inventory of raw materials.
Interest, direct labor, manufacturing overhead, and selling and administrative expenses other than depreciation are paid as incurred.
Dividends declared and income taxes for 2014 will not be paid until 2015.
Instructions
(a) Calculate budgeted cost of goods sold.
(b) Prepare a budgeted income statement for the year ending December 31, 2014.
(c) Prepare a budgeted balance sheet as of December 31, 2014
Answers
Answer:
(a) To calculate the budgeted cost of goods sold, we need to use the following formula:
Beginning Inventory of Raw Materials + Purchases of Raw Materials - Ending Inventory of Raw Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing Costs
$0 (assuming no beginning inventory of raw materials) + $145,000 - $15,000 + $40,000 + $73,000 = $243,000
Then, we can use the following formula to calculate the budgeted cost of goods sold:
Total Manufacturing Costs + Beginning Finished Goods Inventory - Ending Finished Goods Inventory = Cost of Goods Sold
$243,000 + $0 - $0 = $243,000
Therefore, the budgeted cost of goods sold is $243,000.
(b) Using the information above, we can prepare a budgeted income statement for the year ending December 31, 2014 as follows:
WE Company
Budgeted Income Statement
For the Year Ending December 31, 2014
Sales $350,000
Cost of Goods Sold $243,000
Gross Profit $107,000
Selling and Administrative Expenses $36,000
Depreciation $1,000
Interest Expense $1,000
Income before Taxes $69,000
Income Tax Expense $20,700
Net Income $48,300
(c) Using the information above, we can prepare a budgeted balance sheet as of December 31, 2014 as follows:
WE Company
Budgeted Balance Sheet
As of December 31, 2014
Assets
Cash TBD
Accounts Receivable TBD
Inventory of Raw Materials $15,000
Finished Goods Inventory TBD
Total Assets TBD
Liabilities and Stockholders' Equity
Accounts Payable TBD
Note Payable TBD
Stockholders' Equity TBD
Total Liabilities and Stockholders' Equity TBD
To complete the budgeted balance sheet, we need additional information such as the amount of cash, accounts receivable, finished goods inventory, note payable, and stockholders' equity.
Which of the following would increase aggregate demand?
Answers
Increase in income
Explanation:
a data analyst has been tasked with a new project and has started to collect data from multiple sources. the analyst will be working with multiple team members on this project and needs to create a naming convention to allow projects files to be located efficiently. what should the analyst include in each file's name? select all that apply.
Answers
Project or task identifier; Date or version Description or brief summary and Relevant keywords or tags are some of the data analyst tasks/
Tasks of a Data AnalystsSome of the primary purpose of a data Analysts include evaluating data statistically, creating and managing databases, acquiring data from primary and secondary sources, and detecting, analyzing, and interpreting trends in the data.
As a result, the data analyst may consider include the following parts in each file's name when defining a naming convention for project files to aid efficient location Project or task identifier; Date or version Description or brief summary and Relevant keywords or tags
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Describe one accountability issue of a business
Answers
Answer:
Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.
On January 1, 2018, Dexter, Inc. signs a 10-year noncancelable lease agreement to lease manufacturing equipment from Garr. (a) The agreement requires equal rental payments at the end of each year. (b) The fair value of the equipment on January 1, 2018 is $3,000,000. (c) The equipment has an estimated economic life of 10 years. Dexter depreciates similar equipment on the straight-line method. (d) At the termination of the lease, the title to the equipment will be transferred to the lessee. (e) Garr Co. set the annual rental to insure a 10% rate of return. (f) The yearly rental payment includes $10,000 of executory costs related to taxes on the property. From the lessee's viewpoint, what type of lease exists in this case? Question 13 options: Sales type lease Sales-leaseback Capital lease Operating lease
Answers
Answer:
This is a Sales type lease from the lessee's viewpoint.
Explanation:
A sales type lease from the lessee's viewpoint can be described as finance lease in which the title to the asset under lease will be transferred to the lessee at end of the lease.
From the question, it is stated in point (d) that at the termination of the lease, the title to the equipment will be transferred to the lessee.
This therefore indicates that this is a Sales type lease from the lessee's viewpoint.
A gene is considered to be dominant it mark ______
A. it is expressed only in homozygous state B. It is expressed only in heterozygous condition C. it is expressed both in homozygous and heterozygous condition D. it never expresses its effect in any condition
Answers
A gene is considered dominant if it is expressed both in homozygous and heterozygous condition. The correct answer is option C.
The term "dominant" in genetics indicates a type of gene that will always be expressed if present. When a dominant gene is present, it will always show up and mask any recessive genes that are also present. The recessive gene only shows up if the dominant gene is not present.
The expression of dominant genes in both homozygous and heterozygous conditions suggests that if an individual has either a homozygous or heterozygous condition, the dominant gene will be present in the offspring. As a result, both homozygous and heterozygous conditions are necessary for dominant genes to be present. An example of a dominant gene is brown eye color. Brown eyes are dominant over blue eyes.
Therefore, if an individual has one brown-eyed parent and one blue-eyed parent, they will have brown eyes because the brown eye color gene is dominant and always expressed. In a case where both parents have brown eyes, their child may have either brown or blue eyes, depending on whether or not they are carriers of the recessive blue eye color gene.
The answer, therefore, is option C.
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Which is an example of plastic behavior? Select one: O a. Squeeze and release of playdough O b. Breaking glass Oc. Squeeze and release of a rubber ball O d. crushing concrete Question 7 Not yet answered Points out of 1.00 P Flag question Chalk (for blackboard) is more ductile than a paper clip. Select one: O True O False
Answers
From the options, the one that is an example of plastic behavior is c. Squeeze and release of a rubber ball
The given statement "Chalk (for blackboard) is more ductile than a paper clip" is False as chalk breaks easier than paper clip.
Plastic behavior is a type of behavior that can deform a material without breaking it, such as squeezing and releasing playdough which deforms under pressure and retains its new shape when the pressure is released. Breaking glass, however, is an example of brittle behavior, as the material does not deform but breaks instead.
Plastic behavior refers to the ability of a material to undergo permanent deformation without breaking or cracking under a certain amount of stress.
Ductility is the ability of a material to deform under tensile stress, without breaking, into a new shape. Paperclips are more ductile than chalk because paperclips can be bent or stretched without breaking, whereas chalk would break under similar stress.
Thus, Chalk (for blackboard) is not more ductile than a paper clip.
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A consulting company won a $20.8 million three-year contract. The contract requires software development, hosting, and maintenance over three years. The total estimated cost of the project is $17 million, with $10 million expected in Year 1, $5 million in Year 2, and $2 million in Year 3. The billing schedule shows that $5 million will be billed upon start of the work, and then $5 million at each year end. At the end of the first year, the actual cost incurred is $9 million, and total estimated costs are unchanged at $17 million. Using the percentage-of-completion method, how much revenue should be recognized at the end of the first year
Answers
Answer:17%
Explanation: I just want points
What should investors consider when planning for their retirement? Check all that apply. -the amount an employer will match for a 401(k) -the contributions an employer will make to an IRA -the ideal age to establish a particular retirement plan -the amount an investor is allowed to contribute annually -the tax laws and breaks related to different retirement plans -the amount that can be withdrawn early without getting taxed
Answers
In a 401k the employer usually matches a percentage and if you are lucky dollar for dollar, where in an IRA it is does an an extra option with a set amount of money usually 2500 or more for each IRA contribution.
Correct option is A, C, D and E.
1. The amount an employer will match for a 401(k):- you don't have to forget when you will need the money, retirement is years away, but you have to know what choices will make it worth by the time you need the money back. And it is also important to know really how much you can invest. When you have a large amount more options are available. But using a variety of investments will reduce the risk.
3. The ideal age to establish a particular retirement plan:- that will set you up for the plan you need. Below 50 or older.
4. The amount an investor is allowed to contribute annually, the federal law allows a maximum contribution for participants older than 50.
5. The tax laws and breaks related to different retirement plans:- retirement plans can often give you tax benefits in the present it depends to the one you choose. For example, the payment of the tax on the money deposited in a traditional 401 (k) plan can be delayed until the money is withdrawn from the account.
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Answer:
A,C,D,E
Explanation:
I did it and this was correct.
BUSINESS 1. Explain five advantages a firm would enjoy by engaging in prize winning competition as a method of sales promotion.
Answers
Answer:
I hope my answer is good!
1- Increased brand awareness: Prize-winning competitions can generate a lot of buzz and excitement, which can lead to increased brand awareness and visibility for the company.
2- Increased sales: By offering a prize, companies can incentivize customers to purchase their products or services, resulting in increased sales.
3- Customer engagement: Prize-winning competitions can also help companies to engage with their customers, as they are more likely to participate in the competition if there is a chance to win a prize.
4- Cost-effective: Prize-winning competitions can be a cost-effective way for companies to promote their products or services, as the cost of the prizes can be less than the cost of traditional forms of advertising.
5- Consumer data collection: Prize-winning competitions can also help companies collect valuable data on their customers, such as contact information, demographic information, and purchasing habits.
Answer: creates new things
Explanation:
creates word of mouth
creates a reason to ,creates a focused marketing approach, creates great revenue, creates a source of information
A startup business estimates first-year revenues at $93,000. Their cost of
goods sold is estimated at $41,200. The following amounts are estimates of
operating expenses for that year: rent, $11,400; utilities, $1,080; salaries,
$18,000; advertising, $950; supplies, $500; insurance, $1,800; other, $350.
What are the total estimated operating expenses?
A. $34,080
B. $41,200
C. $75,280
Answers
So 93,000$ revenu , - 41,200$ , - 11,400 , - 18,000 , - 950$, -500 , -1800 , -350 so 18,800$ net profit. the answer is A.
Explanation:goods sold isn’t part of operating expenses.
Suppose you are a manager at an advertising agency who is eager to utilize Covey's advice about delegation. Today, you need to work on a
presentation for a potential new client. This requires delegating a routine status report about an ongoing advertising campaign to Joanne. By
delegating the status report to Joanne, she has
for its completion.
Answers
Available Option Are:
Juanita must have authority over the resources and personnel needed to complete the status report You should help Juanita with the status report, to the extent you have timeJuanita will have full responsibility for the assignment Juanita will be held accountable for the results of the assignment.Answer:
Correct Options are 1, 3 and 4.
Explanation:
She also has authority to access the legitimate resources to complete the status report in due time. Hence Option 1 is correct.
However, after delegating the assignment to Joanne. I am not responsible to help her complete the task. I may have responsibility of reviewing the status report but I am not responsible for helping her to complete the status report whenever I am free. Hence Option 2 is incorrect.
The reason is that after delegating the task to Juanita with authority and responsibility to complete the assigned task, she is now responsible to complete the status report as the task is assigned to her. Hence option 3 is correct
If Juanita's status report was not difference making or in simple words the purpose of the status report was not fulfilled then she will accountable for the outcome. Hence Option 4 is correct.
When drawing up a daily "to do" list, a salesperson should:
A) refer to the previous day's log for unaccomplished activities
B) avoid listing more than five items
C) record approximately twice as many activities as you realistically expect to accomplish
D) list activities in priority order of importance
E) rank items by chronology instead of importance
Answers
When drawing up a daily "to do" list, a salesperson should keep in mind the following tips. Firstly, refer to the previous day's log for any unaccomplished activities that need to be carried forward.
Secondly, avoid listing too many items and limit the list to around five items that are important and achievable. Thirdly, record approximately twice as many activities as you realistically expect to accomplish. This helps to ensure that all critical tasks are accounted for, and unexpected events can be factored in. Fourthly, list activities in priority order of importance. This helps the salesperson to focus on the most critical tasks first. Finally, rank items by chronology instead of importance. This can be helpful in ensuring that tasks are completed in a timely manner and deadlines are met. By following these guidelines, salespeople can better manage their time and achieve their daily goals effectively.
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What are self-service BI tools?
Business intelligence tools that do not require any particular BLANK
expertise are called self-service tools.
Answers
Answer:
Technical
Explanation:
100% on test
You have purchased a convertible bond for $1,133.12. It is convertible into 34 shares of the firm's common stock. The current stock price is $19.20 per share. a. What is the market conversion value of the bond? (Round your answer to 2 decimal places.) Market conversion value $ b. What is the conversion premium? (Round your answer to 2 decimal places.) Conversion premium SC c. Will you choose to convert the stock now? Click to select)
Answers
a. Therefore, the market conversion value of the bond is $652.80.
b. Therefore, the conversion premium is -42.45% (negative premium means the bond is trading stock at a discount to its conversion value).
a. The market conversion value of the bond is calculated as the number of shares the bond can be converted into multiplied by the current market price of the stock.
Market conversion value = 34 shares x $19.20 per share = $652.80
Therefore, the market conversion value of the bond is $652.80.
b. The conversion premium is calculated as the difference between the market conversion value of the bond and the price paid for the bond, expressed as a percentage of the price paid for the bond.
Conversion premium = [(Market conversion value - Price paid for the bond) / Price paid for the bond] x 100%
Conversion premium = [( $652.80 - $1,133.12 ) / $1,133.12 ] x 100%
Conversion premium = -42.45%
Therefore, the conversion premium is -42.45% (negative premium means the bond is trading at a discount to its conversion value).
c. The decision to convert the bond into common stock also depends on the investor's investment objective, market outlook, and risk tolerance. Based on the conversion premium, it may not be optimal to convert the bond into common stock at this time since the bond is trading at a discount to its conversion value.
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You are evaluating the quality of CPR provided by the BLS team. Which methods could you use for this evaluation
Answers
The methods that can be used during CPR evaluation include visual observation, and feedback device.
What is CPR?It should be noted that CPR simply means cardiopulmonary resuscitation and it's used during heart attack emergencies.
In this case, the methods that can be used during CPR evaluation include visual observation, feedback device, and chest compression fraction.
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Oliver is a small manufacturing business owner. He has a limited number of employees working under him. He usually helps his employees with their respective insecurities and helps them grow. He thus inspires his employees to work better. Which character trait helps Oliver be a good entrepreneur?
A. aggression
B. timeliness
C. creativity
D. intuitiveness
E. confidence
Answers
Answer:
D. intuitiveness
Explanation:
It is Oliver's intuitiveness that makes him a good entrepreneur. Remember, an entrepreneur who has the character trait of intuitiveness is able to easily understand issues facing their employees and then bring out solutions to those problems.
Hence, we are told, Oliver not only helps his employees with their respective insecurities but also them grow, this shows he has a high sense of intuition such that he can inspire others to imitate his example.
Answer:
Confidence
Explanation:
Plato
in the base year, what can we say about real gdp and nominal gdp?
Answers
In the base year, we can say that nominal GDP and real GDP are equal, but in subsequent years, real GDP provides a better measure of economic performance by adjusting for inflation.
In the base year, the inflation rate is zero, which means that the nominal GDP and real GDP are equal. This is because the prices of goods and services in the base year are used to calculate both nominal and real GDP. Therefore, in the base year, we can say that nominal GDP and real GDP are equal.
However, in subsequent years, as prices change, there will be a difference between nominal GDP and real GDP. This difference is due to inflation, which causes the prices of goods and services to increase over time.
As a result, nominal GDP will tend to overstate economic growth, while real GDP will provide a more accurate measure of economic performance by adjusting for inflation.
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To move toward a personal vision, what smaller steps should you take?
A. Set smaller, more specific goals.
B. Participate in many internships.
C. Change your lifestyle.
D. Switch your personal vision frequently.
Answers
Answer:
D
Explanation: