Johnson's rule gives optimal answer for what type of scheduling problems?
Johnson's rule provides an optimal solution for scheduling problems involving sequencing jobs through two work centers to minimize total completion time. It optimizes the sequence by prioritizing jobs based on the shortest processing time at either workstation, effectively reducing overall wait times and improving productivity.
Explanation:Johnson's rule is a decision rule for sequencing job orders through two work centers or processes to minimize the total time required to complete all jobs. This rule works best for specific types of scheduling problems, particularly when there are two workstations involved, and jobs need to go through both stations in a sequential order. The essence of Johnson's rule is to sequence the jobs in such a way that the one with the shortest processing time, whether at the first or second workstation, is given priority. This approach ensures that the total workflow is optimized, minimizing idle time for both workstations and reducing the overall completion time for all scheduled jobs.
Applying Johnson's rule involves comparing the minimum processing times required for all remaining jobs at both workstations. The job with the shortest processing time is scheduled next. If that minimum time is at the first workstation, the job is placed as early as possible in the sequence. If it is at the second workstation, the job is scheduled as late as possible. This methodology creates an optimal sequence that contributes to the efficiency of the scheduling process, thereby improving productivity and reducing wait times.
A common market allows the imposition of common external trade barriers against non-members represents less economic integration than a free trade area does not permit free movement of goods among member nations does not allow free movement of factors of production among nations
When michelle meets with the section managers to brief them on the concerns of the city officials, which management role is she performing?
Michelle is performing the liaison role when she meets with the section managers to brief them on city officials' concerns, linking different parts of the organization and facilitating coordination.
When Michelle meets with the section managers to brief them on the concerns of the city officials, she is performing the liaison role within management. This entails communication and coordination tasks, which are crucial in the integration of various departmental operation concerns and the overall strategic objectives of the organization.
The liaison role is one of the interpersonal roles according to Henry Mintzberg's classification of managerial roles, where a manager acts as an informational link within and outside their organization. Thus, this involves conveying important information, guiding and motivating the team, and making decisions to address the issues.
Falcon, inc., paid salaries of $500,000 to its employees during its first year of operations. at the end of the year, falcon had additional unpaid salaries of $45,000.
a. calculate the salary deduction if falcon is a cash basis taxpayer. $
b. calculate the salary deduction if falcon is an accrual basis taxpayer.
How much must be deposited on january 1, 2014 in a savings account paying 6% annually in order to make annual withdrawals of $30,000 at the end of the years 2014 and 2015? the present value of one at 6% for one period is .9434?
Kyra works as a marketing assistant and will be receiving a performance appraisal soon. kyra will receive ratings from her supervisors, team members, subordinates, and customers. kyra will also be asked to review her own performance. which performance appraisal method is most likely used at kyra's firm?
Suppose a farmer in georgia begins to grow peaches. he uses $1,000,000 in savings to purchase land, he rents equipment for $ 100 comma 000 100,000 a year, and he pays workers $ 100 comma 000 100,000 in wages. in return, he produces 150 comma 000 150,000 baskets of peaches per year, which sell for $ 4.00 4.00 each. suppose the interest rate on savings is 4 4 percent and that the farmer could otherwise have earned $ 45 comma 000 45,000 as a shoe salesman.
$4,000 is invested in an account earning 6.5% interest compounded annually. How many years did it take to reach $5,000? A. 2 years B. 3 years C. 4 years D. 5 years
When the price of football tickets increases, the substitution effect decreases the number of tickets bought from?
Describing payment details and procedures during the first session is
Describing payment details and procedure during the first session is obligatory.
What does obligatorily implies?The obligatorily is known to be the way that cannot be avoided. Most times, the government taxes people and this cannot be avoided.
Describing payment details and procedure during the first session is obligatory is because they are compulsory or mandatory and one must pay.
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Wade paid $7,000 for an automobile that needed substantial repairs. he worked nights and weekends to restore the car and spent $2,400 on parts for it. he knows that he can sell the car for $13,000, but he is very wealthy and does not need the money. on the other hand, his daughter, who has very little income, needs money to make the down payment on a house.
a. would it matter, after taxes, whether wade sells the car and gives the money to his daughter or whether he gives the car to his daughter and she sells it for $13,000
The imitation based account's primary weakness is that
1. “GDP is the best measurement of a country's economy.” Explain why you agree or disagree with this statement.
The “GDP is the best measurement of a country's economy.” because it takes into the consideration the scales of economic importance.
What is GDP?The full form GDP is Gross Domestic Product, which refers to the total amount of goods and services produced in the economy in the particular period of time.
It shows the monetary value of the goods produced and being sold to the final users. The GDP indicates the creation of income through selling goods and services.
GDP does not account for other economic indicators such as childhood mortality or literacy levels. The rate of infant mortality can disclose a lot about the economic state of a country.
The literacy level may be indicative of the state of the economy. Because the education system is better, a higher literacy rate usually indicates a healthier economy.
Therefore, it can be concluded that "GDP is the best gauge of a country's economy." since it takes into account economic importance scales.
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You are comparing spatial ability scores for four groups. you find that the f statistic for your test is 4.01, and the cutoff value you identified prior to your analysis was 3.45. do you reject or fail to reject the null hypothesis and what, if any, other steps do you need to take?
As the recession persisted into 2009, the unemployment rate in the united states rose to ________, the highest rate since the recession of 1981dash–1982 and the second highest since the great depression
Tracy company, a manufacturer of air conditioners, sold 100 units to thomas company on november 17, 2013. the units have a list price of $500 each, but thomas was given a 30% trade discount. the terms of the sale were 2/10, n/30. thomas uses a periodic inventory system. required: 1. prepare the journal entries to record the purchase by thomas on november 17 and payment on november 26, 2013, using the gross method of accounting for purchase discounts.
The journal entries for the purchase on November 17 would debit Purchases $35,000 and credit Accounts Payable $35,000. The payment on November 26 would debit Accounts Payable $35,000, credit Cash $34,300, and credit Purchase Discounts $700. This follows the gross method of accounting for purchase discounts.
Explanation:Thomas Company's journal entries for the purchase and payment of the air conditioners would look like this:
On November 17, 2013, to record the purchase:
The gross method assumes that buyers will always take advantage of the discounts available to them, hence the reason for the use of the discount when making the payment journal entry.
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Which level indicates the point of maximum economic efficiency?
Von hayek's kayaks can borrow $12,500 for 60 days at a cost of $220 interest. what is the effective rate of interest?
Final answer:
The effective rate of interest for Von Hayek's kayaks borrowing $12,500 for 60 days at a cost of $220 interest is approximately 21.4%.
Explanation:
The effective rate of interest can be calculated using the formula:
Effective rate of interest = (Interest / Principal) * (365 / time in days)
In this case, the interest is $220, the principal is $12,500, and the time in days is 60. Plugging in these values:
Effective rate of interest = (220 / 12500) * (365 / 60)
Simplifying further:
Effective rate of interest = 0.0352 * 6.08
Therefore, the effective rate of interest is approximately 0.214 or 21.4%.
My leader takes careful responsibility for managing the resources of our organization. this is an example of which characteristic of a servant leader? conceptualization commitment to the growth of people stewardship persuasion
The example of the characteristic of a servant leader that the leader is demonstrating above is stewardship. A leader who possess stewardship is likely to be a person who leads his or her people with trust in a way that he or she trust the people around him or her by this way, it may establish unity and strong communication among the group. And as he or she has trust, he or she is dependent on doing his or her responsibility as a leader.
Which intervention is the most appropriate, cost-effective measure for caring for stable, low birthweight infants in very resource-limited settings?
Molly and steve are married and live in texas. molly earns a salary of $50,000 and steve owns a rental property that gives him $35,000 of income. if they filed separate tax returns, what amount of income would steve report?
Final answer:
Steve would report his personal income of $35,000 from rental property on his separate tax return. Marginal tax rates apply to the last dollar of income and vary for individuals and married couples, often favoring couples with lower rates for the same income level.
Explanation:
If Steve and Molly file separate tax returns in the state of Texas, Steve would report his rental property income as his individual income. Since Molly's earnings are her own and Texas is a community property state, income earned by one spouse is considered equally owned by the other spouse. However, for federal income tax purposes, Steve would be expected to report only the income generated from his rental property unless they are filing jointly. Therefore, Steve would report the $35,000 of rental income he earned from his property.
When discussing marginal and average tax rates, the marginal tax rate refers to the rate at which the last dollar of Steve's income is taxed, and the average tax rate is the total tax paid divided by the total income. If we refer to the IRS tax brackets for the respective years and depending on updates, individuals might have different marginal tax rates based on their income levels. Assuming the IRS's progressive tax system where higher income is taxed at a higher rate, the marginal tax rate for individuals can vary between 10% to 35%. The marginal rate for a married couple might be different from that of single individuals. Typically, married couples enjoy a lower marginal tax rate on the same amount of income as compared to single filers, to support the economic stability of families.
A key element of the scientific management philosophy is
How should Kraft Canada make the brand messaging of Kraft singles compelling to Canadian Millennial moms?
Gabriella needs copper wire to make hanging candle lanterns out of antique glass canisters. based on her previous craft projects, she feels she would find this particular type of wire at michael's, a large arts and crafts store. gabriella is relying on a(n) _____ source for her buying situation.
On november 1, current year, rockcreek corporation invested 60,000 in a new delivery truck. the truck is being depreciated at a monthly rate of $900. during the current year, the company issued stock for $96,000 and declared dividends of $12,000. its net income in current year was $108,000. rock creek ending retained earnings balance as reported in its december 31, current year, balance sheet was $120,000. its beginning capital stock balance on january 1, current year, was $180,000.determine the total stockholders' equity reported in the company's balance sheet dated december 31, current year.
The total stockholders' equity reported in the company's balance sheet dated December 31, current year, is $396,000.
Explanation:To determine the total stockholders' equity reported in the company's balance sheet dated December 31, current year, we need to take into account the changes in capital stock, net income, dividends, and the beginning and ending balance of retained earnings.
The formula to calculate the total stockholders' equity is: Beginning Capital Stock + Net Income - Dividends + Ending Retained Earnings.
In this case, the beginning capital stock is $180,000, the net income is $108,000, the dividends are $12,000, and the ending retained earnings balance is $120,000. So, the total stockholders' equity is $180,000 + $108,000 - $12,000 + $120,000 = $396,000.
A manufacturer's average work-in-process inventory for part #1234 of a particular car model is 1,250 parts. the workstation produces parts at the rate of 150 parts per day. what is the average time a part spends at the workstation?
Final answer:
The average time part #1234 spends at the workstation is approximately 8.33 days, calculated by dividing the average work-in-process inventory of 1,250 parts by the production rate of 150 parts per day.
Explanation:
The average time a part spends at the workstation is calculated by dividing the average work-in-process inventory by the production rate. Given that the average work-in-process inventory for part #1234 is 1,250 parts and the workstation produces parts at a rate of 150 parts per day, the average time a part spends at the workstation can be found as:
Average time in workstation = Average inventory / Production rate
Average time in workstation = 1,250 parts / 150 parts per day
Average time in workstation ≈ 8.33 days
Thus, the average time a part #1234 spends at this workstation is approximately 8.33 days.
Msi has determined that elimination of the post office polka (pop) program would not impact sales of the other two items. the remaining fixed overhead currently allocated to the pop product would be redistributed to the remaining two products. required: 1. calculate the incremental effect on profit if the pop product is eliminated.
To calculate the incremental effect on profit if MSI eliminates the POP product, one must analyze the redistribution of fixed costs to other products and consider the impact of changes in both quantity and price due to market conditions such as labor costs and consumer preferences.
Explanation:The question addresses the incremental effect on profit if the Post Office Polka (POP) product were to be eliminated by a company named MSI. The key consideration is to understand that, according to MSI's assessment, the elimination will not impact the sales of other products, and any fixed overhead allocated to POP would be redistributed to the remaining products. When looking at the effect on quantity, we see that higher labor compensation and a shift in consumer preferences away from traditional mail services (referred to as snail mail) both lead to a decrease in the equilibrium quantity of Postal Services, which is represented as a shift to the left in the supply-demand graph. This reduction in quantity is typically associated with a shift in both cost of production and consumer tastes.
However, the effect on price is more complex. Higher labor costs suggest an increase in equilibrium price, while a decrease in demand for snail mail implies a lower price. Without knowing the magnitude of these shifts, it is not possible to predict the overall impact on equilibrium price. In economics, when both supply and demand curves shift, the effect can typically be determined on either price or quantity but not both simultaneously.
Suppose physical capital per worker increased to $60,000 between 1990 and 2000 and output per worker increased by $45,000 over the same time period. What percentage of productivity growth can be attributed to growth in total factor productivity? Round your answer to two places after the decimal
A firm lobbying for fewer regulations on airplane travel would be an example of a/an:
The firm lobbying for fewer regulations on airplane travel is an example of deregulation, which can lead to increased competition but also potential negatives like bankruptcies, layoffs, and inadequate service.
A firm lobbying for fewer regulations on airplane travel is an example of the process of deregulation. Deregulation involves the removal of government controls and restrictions in an industry with the aim of increasing competition and efficiency. Deregulation of the airline industry, which began with the Airline Deregulation Act of 1978, led to several negative outcomes which serve as examples of the minuses of such policy change. These include the bankruptcy or contraction of airlines, leading to layoffs and job losses, service abandonment to small and mid-sized cities, and sometimes inadequate service levels despite lower airfares and improved service offerings such as frequent flier programs. Therefore, while deregulation may increase competition and reduce prices, it also can lead to reduced service quality, loss of jobs, and financial instability within the industry.
Vertical communication occurs when scott, divisional manager of production, discusses business issues with susan, divisional manager of marketing.