Jacob Finney's Social Security tax for this period is $70.12, and his Medicare tax is $16.39. First Calculate Jacob's 403(b) and cafeteria plan contributions and then find his taxable earnings. Finally, calculate the social security and Medicare taxes.
1. Calculate Jacob's 403(b) and cafeteria plan contributions:
403(b) contribution = 8% of $1,240 = ($1,240 * 0.08) = $99.20
Cafeteria plan contribution = 0.80% of $1,240 = ($1,240 * 0.008) = $9.92
2. Determine his taxable earnings for this period:
Taxable earnings = Gross pay - 403(b) contribution - Cafeteria plan contribution
Taxable earnings = $1,240 - $99.20 - $9.92 = $1,130.88
3. Calculate Social Security tax (assuming the Social Security wage base limit is $142,800 for the current year):
Jacob's taxable earnings for Social Security tax to date are $127,600. Since the wage base limit is $142,800, he is still below the limit and subject to Social Security tax.
Social Security tax rate = 6.2%
Social Security tax = Taxable earnings * Social Security tax rate
Social Security tax = $1,130.88 * 0.062 = $70.115 (rounded to $70.12)
4. Calculate Medicare tax:
Medicare tax rate = 1.45%
Medicare tax = Taxable earnings * Medicare tax rate
Medicare tax = $1,130.88 * 0.0145 = $16.392 (rounded to $16.39)
So, Jacob Finney's Social Security tax for this period is $70.12, and his Medicare tax is $16.39.
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You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the teller specifically mentions that Eastside
Savings is "FDIC Insured". A few months later, you hear on the radio that Eastside Savings is struggling to stay in business. Your savings balance
Is $500. What would happen to that money if Eastside Savings failed?
A.You could lose $250 since FDIC Insurance only covers 50% of the money you have deposited.
B.You would lose all of your money.
C.You would receive $250,000 since FDIC Insurance provides each account at the bank with $250,000 regardless of how much they
have deposited
D.You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Answer:
The correct option is D. You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Explanation:
Based on the information given what would happen to that money in a situation where Eastside Savings failed is that such individual would receive all the money he/she have deposited at Eastside Savings reason been that FDIC which is fully known as FEDERAL DEPOSIT INSURANCE CORPORATE insurance covers accounts up to the amount of $250,000 and Secondly Eastside Savings is "FDIC Insured".
A semester consists of half the year (18 weeks) and is worth .5 (1/2)
credit. *
True
False
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Mary invested $200 for 3 years at 5% per annum. John invested $300
at the same rate. If they both received the same amount of money in
simple interest, for how many years did John invest his money?
a. 1 1/2
b. 2
c. 3
d. 10
Answer:
b. 2
Explanation:
Simple interest is calculated using the formula
I = p x r x t
Where p= principal amount
r= interest rate
t= time in years
Mary invested $200, at 5% for three years. She earned a simple interest of;
I= $200 x 5/100 x 3
=$200 x 0.05 x 3
=$30
If John received the same amounts, It means
$30= $300 x 0.05 x t
$30 = $15t
t= $30/$15
t=2
Time is 2 years
On November 2, 2018, a U.S.-based company with the $US as its functional currency entered into a 90-day futures contract to purchase 60,000 Swiss francs when the contract quote was $1.06. The purchase was for speculation in price movement. The following exchange rates existed during the contract period:
30 Day Futures Spot Rate
November 2, 2018 $1.00 $1.01
December 31, 2018 $1.02 $1.04
January 31, 2019 $1.03 $1.05
What amount should the U.S.-based company report as foreign currency exchange loss in its income statement for the year ended December 31, 2018?
The U.S.-based company should report a foreign currency exchange loss of $1,200 in its income statement for the year ended December 31, 2018.
To determine the foreign currency exchange loss, we need to calculate the difference between the contract rate and the spot rate at the end of the contract period.
Given:
Contract rate: $1.06 (November 2, 2018)
Spot rate on December 31, 2018: $1.04
Since the company entered into a futures contract to purchase Swiss francs, it was expecting the exchange rate to move in its favor. However, the spot rate on December 31, 2018 ($1.04) was lower than the contract rate ($1.06), resulting in a loss.
To calculate the loss, we need to determine the difference in the exchange rates and multiply it by the amount of Swiss francs specified in the futures contract (60,000).
Loss = (Contract rate - Spot rate) x Amount of Swiss francs
Loss = ($1.06 - $1.04) x 60,000
Loss = $0.02 x 60,000
Loss = $1,200
Therefore, the U.S.-based company should report a foreign currency exchange loss of $1,200 in its income statement for the year ended December 31, 2018.
The foreign currency exchange loss is calculated by finding the difference between the contract rate and the spot rate at the end of the contract period. In this case, the spot rate on December 31, 2018, was lower than the contract rate, resulting in a loss for the company. The loss is determined by multiplying the difference in exchange rates by the amount of foreign currency specified in the contract. The calculated loss of $1,200 represents the impact of the unfavorable exchange rate movement on the company's speculative futures contract.
The U.S.-based company should report a foreign currency exchange loss of $1,200 in its income statement for the year ended December 31, 2018.
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What steps to cultivate your mindset are most important for you?
Answer:
Focus on the good things. Challenging situations and obstacles are a part of life. ...
Practice gratitude. ...
Keep a gratitude journal.
Open yourself up to humor. ...
Spend time with positive people. ...
Practice positive self-talk. ...
Identify your areas of negativity. ...
Start every day on a positive note.
Explanation:
This is what i found
The law of increasing opportunity cost is reflected in the shape of the…
a) production possibilities curve concave to the origin
b) production possibilities curve convex to the origin
c) horizontal production possibilities curve
d) straight-line production possibilities curve
e) upward-slopping production possibilities curve
The law of increasing opportunity cost is reflected in the shape of the production possibilities curve concave to the origin (option A).
What is the production possibilities curve?The production possibilities curve depicts the various combination of two goods a company can produce when all its resources are fully utilised.
The production possibilities curve is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
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I need help in this it’s personal finance
Answer:
it may personal finance
Explanation:
because it's is include personal site
If there is a high demand for a product, then production will be__.
a. decreased
b. increased
c. the same
d. none of the above
Answer:
the answer is b. increased
Answer:
B.increased
Explanation:
if there is high damand for a product they will make/order more so they can get more money off of that popular item because a lot of people are buying it. so most likley the production of that item will be increased because it will help make them lots of money if they have that item in their store a lot.
Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is correct?
A. The dental revenues account is debited $6,820; accounts receivable is credited $6,820.
B. Accounts receivable is credited $6,820; the dental revenues account is credited $6,820.
C. Accounts receivable is debited $6,820; the dental revenues account is debited $6,820.
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Answer:
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Explanation:
The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.
The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.
More than 40% of India’s population lives on less than $1. 25 a day. What kind of standard of living do these people most likely have?.
in order for money to work properly, individuals and businesses in a country must be willing to receive it as payment for goods and services. This is an element of which characteristics of money?
In order for money to work properly, individuals and businesses in a country must be willing to receive it as payment for goods and services. This is an element of acceptability.
Acceptability is the idea that money needs to be widely accepted in an economy as a way to pay for goods and services. In other words, for money to be a useful medium of exchange, people and businesses in a nation must be willing to accept it as payment for goods and services.
One of the five qualities of money, along with durability, portability, divisibility, and scarcity, is acceptability. To fulfill its roles as a medium of exchange, a store of value and a unit of account, money must possess these qualities.
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A young investor willing to take moderate risk for above-average growth would be
most interested in:
Mutual funds
Single stocks
Real estate
Bonds
Answer:
Real estate or Bonds.
Explanation:
Because it says above average growth
Roberto and Aliza Buy a House Roberto and Aliza Garcia have been married for two years. Since their engagement, they have been economizing (no restaurant meals, no vacations) to save for a down payment on a house. This past weekend, they toured a nice three-bedroom house for sale on a quiet street near public transportation. As realtors say, they "fell in love" with the house, and they've decided that they want to buy it. The house is currently owned by a widower, Frank Choi, who listed the house at a price of $275,000. Roberto and Aliza checked the prices of comparable houses in the neighborhood, and they believe that a price of $250,000 is more appropriate. Roberto tells his real estate agent to offer that amount to Frank. After thinking about it, Frank tells the real estate agent that he will accept a price of $260,000 instead. Finally, Roberto suggests a price of $255,000, and Frank agrees to it. The parties then sign a contract specifying that price and indicating that the sale must be closed within 30 days.
QUESTIONS
1. In this transaction, who is the initial offeror and who is the offeree?
2. In the negotiation between Mr. Choi and the Garcias, who communicated the offer?
3. Is the original real estate listing, which specified a price of $275,000 for Frank Choi's house, an offer? Or is it an invitation to make an offer?
4. Identify the three counteroffers made during the negotiations to buy and sell Frank Choi's house.
5. Identify three circumstances that would permit the termination of the contract between Frank Choi and the Garcias.
In this transaction, Roberto is the initial offeror, and Frank Choi is the offeree. Roberto made the initial offer of $250,000 to purchase Frank Choi's house. Roberto communicated the offer to Frank Choi. He told his real estate agent to offer $250,000 to Frank Choi on his behalf.
During the negotiation, Roberto communicated the offer to Frank Choi. He told his real estate agent to offer $250,000 to Frank Choi on his behalf.
The original real estate listing, which specified a price of $275,000 for Frank Choi's house, is considered an invitation to make an offer. An invitation to make an offer is not a legally binding offer but rather an invitation for potential buyers to express their interest.
The three counteroffers made during the negotiations were as follows:
Frank Choi's counteroffer: He initially indicated that he would accept a price of $260,000 instead of the Garcias' offer of $250,000.
Roberto's counteroffer: Roberto suggested a price of $255,000 as an alternative to Frank Choi's counteroffer of $260,000.
Frank Choi's acceptance: Frank agreed to Roberto's counteroffer of $255,000, which ultimately became the agreed-upon price.
Three circumstances that would permit the termination of the contract between Frank Choi and the Garcias could be:
Failure to close the sale within 30 days: If the parties fail to complete the sale within the specified time frame, either party may terminate the contract.
Discovery of significant property defects: If the Garcias discover significant defects or issues with the house that were not disclosed before signing the contract, they may have the right to terminate the contract.
Inability to secure financing: If the Garcias are unable to secure the necessary financing to purchase the house within the agreed-upon terms, they may have the option to terminate the contract.
Roberto is the initial offeror, while Frank Choi is the offeree in this transaction. Roberto communicated the offer to Frank Choi during the negotiation. The original real estate listing is an invitation to make an offer, not a legally binding offer. The three counteroffers made during the negotiations were Frank Choi's counteroffer of $260,000, Roberto's counteroffer of $255,000, and Frank Choi's acceptance of the final price. Three circumstances that could permit the termination of the contract between Frank Choi and the Garcias include failure to close within 30 days, discovery of significant property defects, and inability to secure financing.
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the __________ consists of the heads (the secretaries) of the executive departments together with other top officials accorded similar rank.
The Cabinet consists of the heads (the secretaries) of the executive departments together with other top officials accorded similar ranks.
A Cabinet is a group of high-ranking government officials, usually composed of the heads of government departments or ministries. They are sometimes referred to as ministers, secretaries, or (in some cases) state counselors. Cabinets are usually established by the executive branch of the government and are responsible for implementing and enforcing government policies and laws. In the United States, the Cabinet is an advisory body composed of the heads of the executive departments and other high-ranking officials chosen by the President. The Cabinet serves as the President's chief advisor and is responsible for managing and executing various government programs and policies.
In conclusion, the Cabinet is a critical component of many governments worldwide, and its members play an essential role in shaping government policies and laws. It's a group of high-ranking officials chosen by the President to help manage and execute government programs and policies.
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Research finds that people, in general, prefer an inquisitive listening style.
A. True
B. False
B. False. Research does not indicate that people, in general, prefer an inquisitive listening style.
Listening styles can vary among individuals, and there is no universally preferred listening style. Different people may have different preferences when it comes to listening styles, and it can depend on various factors such as cultural background, personality traits, and communication context. Some individuals may indeed appreciate an inquisitive listening style, characterized by asking probing questions and seeking further information. However, others may prefer different listening styles, such as empathetic listening, active listening, or reflective listening. It is important to recognize and adapt to the listening preferences and needs of individuals in order to establish effective communication and understanding.
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Select this link to view the North American Free Trade Agreement Preamble. How does this agreement help the nations involved? Check all that apply. It reduces barriers to trade. It coordinates trade with other trade agreements. It promotes industry development and trade. It requires environmental protection. It builds up a common military. It protects workers’ rights.
The North American Free Trade Agreement (NAFTA) helps nations involved in that:
It reduces barriers to trade. It promotes industry development and trade.It requires environmental protection.It protects worker's rights.The NAFTA was mostly a trade agreement which means that it is meant to reduce the barriers that member countries have in trade as well as promote facilities that encourage trade such as industrial development.
It then goes further to require that the environment be protected by member states and that workers be treated fairly with all appropriate rights.
In conclusion, the NAFTA was a comprehensive trade agreement that did a lot of things.
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Answer:
1, 3 ,4 , and 6
Explanation:
I got it right on edge , good luck guys:)
what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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a corporation that has several strategic center firms to manage partner firms' multiple cooperative arrangements is using what type of structure
The corporation is using a "decentralized structure" where it has several strategic centers that manage the partner firms' multiple cooperative arrangements.
This structure allows for more efficient management and decision-making in the different areas of the corporation, while also providing a certain level of autonomy to the partner firms. A corporation that has several strategic center firms to manage partner firms' multiple cooperative arrangements is using a "network structure" or "strategic alliance network." This structure enables better coordination, resource sharing, and collaboration among partner firms. Decentralization is the practise of empowering those to make decisions and encouraging them to voice what they think regardless of their status within the organisation. This allows for an incorporation of ideas of all over the place in the decision-making process.
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Hi! A corporation that has several strategic center firms to manage partner firms' multiple cooperative arrangements is using a "network structure." This type of structure allows for flexibility and efficient collaboration among different firms within the corporation.
The corporation in question is using a network structure, where several strategic center firms are responsible for managing partner firms' multiple cooperative arrangements. This structure allows for more flexibility and agility in the management of the corporation's various partnerships and collaborations.
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The particular market segment your company is trying to sell your products or services to is your _________
Answer:
Target Market
Explanation:
The target market is the people that a business has identified as potential buyers of its products and services. It is the group of customers that a business targets with its advertising messages. Therefore, the target market is that group of customers that a business expects to buy its products. A target market consists of existing and potential customers.
If the price of the share grows as the company grows, how does buying shares in a company benefit an investor?.
Answer:
An investor will be able to sell these shares for a higher price and make a profit.
Explanation:
This is because the investor can sell the share for a higher price as people see the company is doing well.
A writer, an illustrator, a publisher and an agent would form a
a. Functional team
b. Cross-functional team
C. Management team
d. Corporate team
Answer:
B. Cross-functional team
Explanation:
A writer, an illustrator, a publisher, and an agent would form a Cross-functional team. The correct option is B.
What are cross-functional skills?A Cross-Functional Candidate, according to Glassdoor, is a candidate with jack-of-all-trades abilities. In other words, a candidate with cross-functional skills is someone who is proficient in one or more related technologies or skills while also being knowledgeable in other technologies or skills.
Working cross-functionally, also referred to as working with teams other than your own, will inevitably occur at some point in your career. And doing it well can inspire innovative ideas, enhance your ability to interact with others, and improve your workplace's culture, productivity, and happiness.
Thus, the ideal selection is option B.
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What does the phrase “last in, first out” mean?
Potential employers search the Internet for information about job applicants. TRUE or FALSE
Answer:
True
Explanation:
caitlin is a highly motivated sales executive in a company that sells textbooks on business studies. she works hard to maintain friendly relations with the professors at colleges and universities. when a committee was in the process of selecting a new book on marketing, the book caitlin was promoting was selected. her amiable relationship with the committee chairman paved the way for this selection. the committee chairman trusted caitlin and believed that she would meet his expectations as before. identify the type of relationship between caitlin and the committee chairman in this scenario.
The type of relationship between Caitlin and the committee chairman in this scenario is of an employee and an employer.
Who is a chairman?A board, committee, or deliberative assembly's chairperson, who is also known as the chairman, chairwoman, or chair, serves as the group's presiding officer. The official, who is normally chosen or nominated by the group's members, preside over meetings and oversees the smooth operation of the group's affairs.
In certain organizations, the chairperson and president are two different titles. In some, when the president is chosen by a board, the two names refer to different roles. Additionally, the term "chairman" may be used in a neutral way without explicitly emphasizing the gender of the holder. The term "chair" can refer to any location where the office holder preside, including a chair, a lectern, or another location.
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What is the difference between adjustment refusal and other refusals
Answer:
Your company most likely has clear, reasonable guidelines regarding what is a legitimate reason for adjustment, while other refusal messages may deal with a variety of issues that are less clearly defined.
You need to extend a 2.50-inch-diameter pipe, but you have only a 1.00-inch-diameter pipe on hand. You make a fitting to connect these pipes end to end. If the water is flowing at 6.00 cm/s in the wide pipe, how fast will it be flowing through the narrow one?
The water will be flowing at approximately 19.05 cm/s through the narrow pipe.
To determine the speed of water flow through the narrow pipe, we can use the principle of continuity, which states that a fluid's mass flow rate is constant along any portion of a pipe with a wide range of diameters. This indicates that the cross-sectional area of the pipe and the fluid's velocity are a constant product.
Using this principle, we can write:
A1V1 = A2V2
Where A1 and V1 are the cross-sectional area and velocity of the wide pipe, and A2 and V2 are the cross-sectional area and velocity of the narrow pipe.
We know that the diameter of the wide pipe is 2.50 inches, so its radius is 1.25 inches, or 3.175 cm. The cross-sectional area of the wide pipe can be calculated as:
A1 = πr1^2 = 3.14 x (3.175 cm)^2 = 31.73 cm^2
We also know that the water is flowing at 6.00 cm/s in the wide pipe. Using the principle of continuity, we can solve for the velocity in the narrow pipe:
A1V1 = A2V2
31.73 cm^2 x 6.00 cm/s = A2 x V2
A2 = πr2^2 = 3.14 x (0.50 inches / 2)^2 = 0.20 in^2 = 1.29 cm^2
V2 = (A1V1) / A2 = (31.73 cm^2 x 6.00 cm/s) / 1.29 cm^2 = 146.48 cm/s
1. First, convert the diameters from inches to centimeters: 2.50 inches = 6.35 cm and 1.00 inch = 2.54 cm.
2. Calculate the cross-sectional areas of both pipes using the formula A = πr², where r is the radius (half the diameter).
- Wide pipe: A₁ = π(3.175 cm)² = 31.68 cm²
- Narrow pipe: A₂ = π(1.27 cm)² = 5.068 cm²
3. Use the principle of continuity, which states that the product of the cross-sectional area and flow velocity is constant for a fluid in a closed system: A₁v₁ = A₂v₂.
4. Solve for the flow rate in the narrow pipe (v₂): v₂ = (A₁v₁)/A₂
5. Plug in the values: v₂ = (31.68 cm² × 6.00 cm/s) / 5.068 cm² = 36.00 cm/s
So, the water will be flowing through the 1.00-inch-diameter pipe at a rate of 36.00 cm/s.
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According to your results of the test, write a 4-5 sentence summary of your personality.
My test results describe me as a ______ parrot______ (animal), which means that I…
WHOEVER HELPS GETS 20 POINTS
Answer: am rebellious, outgoing, and expressive
Explanation:
Anyan and company decided to stop producing burritos and switched to produce cappuccinos. Each customer first moves to the cash registers, where Elena and Dorothee are working. Each of them receives orders and accepts payments, and suppose that there is an extra cash register that is not been used by any other employee (i.e., there is a total of three cash registers). After the payment is processed and the order is placed, Bar (the star Barista) starts preparing the espresso, while at the same time Anyan starts heating the milk. Finally, Charlotte merges the espresso and the milk and delivers the cappuccino to the customer. The time for placing an order and accepting payment is 1 minute (both Elena and Dorothee take exactly the same time to perform their activity). The time for making the espresso is 40 seconds, while heating the milk takes 20 seconds. Finally, merging the espresso with the mild and delivering the cappuccino takes 10 seconds.
(a) Draw the process diagram for the above process (3points)
(b) What is the process capacity and what is (are) the bottleneck(s) of the process? (3points)
(c) What is the cycle time of the process? (1point)
(d) What is the theoretical flow time of the process? (1point)
(e) Suppose that Anyan decides to hire two new employees, Faidra and Ganesh. To which tasks should Faidra and Ganesh be assigned? What is the new resulting capacity and the new bottleneck(s)? To answer this question, suppose that the two new employees can do any task, that the activity time it would take them is the same as that for the current employees, and that there are enough of the irrelevant resources used in each activity to accommodate one of the new employees to each task. (4 points)
(a) The process diagram for the above process is as follows:
/- Bar -\
/ \
Customer --> Charlotte --> Cappuccino
\ /
\- Anyan -/
(b) The maximum capacity of the process is 1 cappuccino every 40 seconds or 90 cappuccinos per hour.
(c) The cycle time of the process is 2 minutes and 10 seconds
(d) The theoretical flow time is 2 minutes and 10 seconds.
(e) They should be assigned to the bottleneck task of making the espresso. The new bottleneck will be the task of heating the milk.
(a) A process diagram is a visual representation of a process or workflow. It is a type of flowchart that illustrates the steps or stages of a process, the decision points, the inputs and outputs, and the relationships between different parts of the process.
(b) The process capacity is determined by the bottleneck, which is the slowest task in the process. In this case, the bottleneck is the task of making the espresso, which takes 40 seconds. Therefore, the maximum capacity of the process is 1 cappuccino every 40 seconds or 90 cappuccinos per hour.
(c) The cycle time of the process is the time it takes to produce one cappuccino, which is the sum of the time for all the tasks involved in the process. In this case, the cycle time is:
1 minute (for placing the order and accepting payment) + 40 seconds (for making the espresso) + 20 seconds (for heating the milk) + 10 seconds (for merging the espresso and milk and delivering the cappuccino) = 2 minutes and 10 seconds
(d) The theoretical flow time of the process is the time it takes for a cappuccino to go through the entire process, including any waiting time in queues or delays between tasks. Since there are no waiting queues or delays in this process, the theoretical flow time is the same as the cycle time, which is 2 minutes and 10 seconds.
(e) If Anyan decides to hire two new employees, Faidra and Ganesh, they should be assigned to the bottleneck task of making the espresso. This will increase the capacity of the process to 1 cappuccino every 20 seconds or 180 cappuccinos per hour. The new bottleneck will be the task of heating the milk, which takes 20 seconds since it is the slowest task after the addition of the new employees. Therefore, to increase the capacity further, Anyan should focus on reducing the time taken for heating the milk.
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Which of the following is descriptive of rent-seeking? a O A domestic company hires a lobbyist to go to Washington, D.C. and try to influence legislators to impose tariffs on Brazilian (imported) goods that compete with the good it produces. Company Xhires an accountant to work for it. W Jill pays her apartment rent a few days late each month and usually ends up having to pay a late fee. This year Bob earned a large profit from the small business he owns and operates
The term "rent-seeking" refers to the practice of attempting to gain economic advantage by manipulating the political or regulatory environment, rather than by engaging in productive activities. In the given options, option (a) "A domestic company hires a lobbyist to go to Washington, D.C. and try to influence legislators to impose tariffs on Brazilian (imported) goods that compete with the good it produces" is the most descriptive of rent-seeking.
In this scenario, the domestic company is not seeking to improve its product or compete fairly in the market. Instead, it is attempting to manipulate the political system by hiring a lobbyist to influence legislators to impose tariffs on imported goods from Brazil.
These tariffs would make the competing Brazilian products more expensive, giving the domestic company an unfair advantage in the market. This behavior exemplifies rent-seeking, as the company is not engaging in productive activities, but rather trying to gain economic benefit through political manipulation.
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