Brandon's Computer Shop Has Hired a Consultant to Help Apply

question 125

Essay

Brandon's computer shop has hired a consultant to help apply operation management techniques to increase profits. Currently the shop sells most of its computers to a high-end customized online retailer and sales are steady at 250 per month. A single work cell produces the computers. To produce the computer three operations are required. First the parts must be assembled, next software must be installed, and finally the computer must be safely packed and labeled for shipping. These operations take 2 hours, 5 hours, and 1 hour respectively. If there are 6 available work hours each day and the shop operates 20 days per month find:
A: The takt time
B: The number of workers Brandon should hire

Understand the roles and responsibilities of entities such as registrars in the context of corporate governance.

Recognize the types of stock and their specific rights, including preferred and common stock.

Comprehend the financial mechanisms behind stock issuance, including par value, stated value, and no-par value stocks.

Grasp the concept and implications of corporate financial statements and shareholder equity.

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Definitions:

Marginal Revenue

The uplift in earnings from marketing one extra unit of a product or service.

Pure Monopolist

A market structure characterized by a single seller selling a unique product in the market, without any close substitutes and with high barriers to entry for potential competitors.

Average Total Cost

Is calculated by dividing the total cost of production by the total quantity produced.

Economic Profit

The remaining amount after all explicit and implicit costs are deducted from the entire revenue.