Book Title
10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 10, Problem 3CT
Summary Introduction
Case summary: The person S was a finance director at company T. He has frequently complained to the General Manager C of one of the managers IM for his behavior and attitude. The General Manager could not fire the person IM as he brought a lot of business to the company. One day, while IM was dropping a cash envelope into a safe, it got stuck. The person S stole it. General Manager asked the responsible party to return the envelope within twenty hours to avoid criminal charges. The person S returned the envelope after the due hours. He was charged with embezzlement.
To Find: Whether the termination of employment of the person S was fair considering that he had returned the cash.
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
On 2015/1/1, Samantha Ltd. purchased machinery for $60,000. The useful life is 8 years with a salvage value of $6,000. The company uses the double declining balance method. What is the second year's annual depreciation expense (2016/12/31)?
Brenda Confections is preparing its cash budget and expects to have sales of $50,000 in April, $65,000 in May, and $75,000 in June. If 30% of sales are for cash, 50% are credit sales paid in the month after the sale, and 20% are credit sales paid 2 months after the sale, what are the expected cash receipts for June?
Question 3
i.
Using the Center of Gravity method, determine the optimal location (X, Y) for the new
distribution center.
[7 marks]
[TOTAL 25 MARKS]
Time (sec.)
Power steering assembly firm wants to set up an assembly line which must have an output of 60 units per
hour. The work elements, task times and their precedence relationships are shown in Table 2: Table 1
Work Element
Immediate Predecessor(s)
A
30
NONE
B
26
A
C
50
A
D
44
B
E
10
с
F
20
с
G
15
D.E
H
30
E,G,F
Required:
a. Draw the precedence diagram showing the task precedence and their times
b. Determine the cycle time associated with the rate of output required.
[3 marks]
c. What is the theoretical number of work stations required to satisfy this output rate?
[3 marks]
[4 marks]
d. Allocate the tasks to work stations taking into consideration the precedence requirements and using
the
LOT rule to break ties between feasible tasks.
e. Calculate the total idle time
[8 marks]
[3 marks]
f. What is the efficiency of the line and the…
Knowledge Booster
Similar questions
- RK Co. sells snowboards. Each snowboard requires direct materials for $140, direct labor for $55, and variable overhead of $64. The company expects fixed overhead costs of $673,000 and fixed selling and administrative costs of $160,000 for the next year. It expects to produce and sell 11,900 snowboards in the next year. What will be the selling price per unit if RK uses a mark-up of 17% of the total cost?arrow_forwardSP Company made sales of $32,750 million in 2019. The cost of goods sold for the year totaled $12,500 million. At the end of 2018, Malt's inventory stood at $1,300 million, and SP ended 2018 with an inventory of $1,800 million. Compute Malt's gross profit percentage and rate of inventory turnover for 2019.arrow_forwardSuppose Austin Sound had sales of $450,000 and sales returns of $55,000. Cost of goods sold was $176,000. How much gross profit did Austin Sound report?arrow_forward
- The company's total assets arearrow_forwardQuestion 2 MGMT2026 Production and Operations Management Semester II 2024-2025 a. Aman ltd. desires to locate a new facility. Based on preliminary analysis, the choice has been reduced to four locations: A, B, C, and D. These four locations were rated on a scale from 1 (worst) to 10 (best) on each of four criteria. Each criterion was also weighted to indicate its importance (i.e., the higher the weight, the more important). The list of ratings and weights follows in the Table 2 below: Table 2 Factor Score Evaluation by Location Criterion Weights A B с D Wages 25 4 5 3 4 Government Policies 30 8 7 6 5 Unionisation Weather 15 6 4 3 2 30 3 4 6 5 i. Based on weighted scores, where should Acme locate its new facility? [6 marks] b. An operations manager has narrowed down the search for a new factory to three locations. The fixed and variable costs associated with each location is given in the table below. i. Table 3 Location Fixed Cost Variable Cost A $100,000 $10 B $150,000 $7 с $200,000 $5…arrow_forwardRight Answerarrow_forward
- Provide answer this financial accounting question answer will be accurate and step by step calculationarrow_forwardMoose Enterprises finds it is necessary to determine its marginal cost of capital. Moose’s current capital structure calls for 50 percent debt, 30 percent preferred stock, and 20 percent common equity. Initially, common equity will be in the form of retained earnings (Ke) and then new common stock (Kn). The costs of the various sources of financing are as follows: debt, 9.6 percent; preferred stock, 9 percent; retained earnings, 10 percent; and new common stock, 11.2 percent. a. What is the initial weighted average cost of capital? (Include debt, preferred stock, and common equity in the form of retained earnings, Ke.) b. If the firm has $18 million in retained earnings, at what size capital structure will the firm run out of retained earnings? c. What will the marginal cost of capital be immediately after that point? (Equity will remain at 20 percent of the capital structure, but will all be in the form of new common stock, Kn.) d. The 9.6 percent cost of debt referred to earlier…arrow_forwardWhat was the direct labor cost?arrow_forward
- What are the estimated cash receiptsarrow_forwardWhat was the cash balance on November 1 ?arrow_forward7. Berkeley Farms wants to determine the minimum cost of capital point for the firm. Assume it is considering the following financial plans: Cost (aftertax) Weights Plan A Debt .................................. 4.0% 30% Preferred stock .................. 8.0 15 Common equity ................. 12.0 55 Plan B Debt .................................. 4.5% 40% Preferred stock .................. 8.5 15 Common equity ................. 13.0 45 Plan C Debt .................................. 5.0% 45% Preferred stock .................. 18.7 15 Common equity ................. 12.8 40 Plan D Debt .................................. 12.0% 50% Preferred stock .................. 19.2 15 Common equity ................. 14.5 35 a. Which of the four plans has the lowest weighted average cost of capital? Use the Kd (cost of debt) = Y(1 - T), Kp (Cost of preferred stock) = Dp/Pp - F, Ke = D1/P0 + g formulas or I will not understand.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education

BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning

Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning

Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON


International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
