Assembly line balancing has just been used to solve a product layout problem. Two solutions look especially attractive to the plant managers. Both solutions make the same output per day, and both have the same number of workstations
The managers were going to break the tie by looking at line efficiency, but discovered that both lines had the same efficiency as well. Should they have been surprised at this? Explain.
No, they should not be surprised. Efficiency is the ratio of actual work needed per unit to time available. Work needed is clearly the same in both cases as the product is the same. Work available is also the same, since both lines have the same number of stations and the same maximum assigned cycle time (which determines daily output). Once cycle time and number of stations are known, so is efficiency, no matter what tasks are assigned to what stations within that framework.
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Kelly, age 48, owns a universal life insurance policy (non-MEC) with a current death benefit of $270,000 and a cash value of $20,000. Her basis in the policy is $12,000. Kelly is interested in either borrowing or withdrawing $15,000 from this policy. What would be the tax consequences if she were to borrow the $15,000 through a policy loan?
A) Of the amount borrowed, $12,000 would be income tax-free, $3,000 would be subject to income taxation, and there would be an additional penalty tax. B) There would be no income taxation on any portion of the amount borrowed, whether or not she repaid the policy loan. C) Of the amount borrowed, $12,000 would be income tax-free and $3,000 would be subject to income taxation. D) There would be no income taxation on any portion of the amount borrowed, but if she did not repay the loan, $3,000 would be subject to income taxation.
Upon receiving a bump notice, the first buyer decides to waive the sale of the buyers property contingency. What happens?
A. The seller and first buyer will complete the transaction, assuming that buyer can still come up with the down payment B. The earnest money will be refunded to the first fire C. The second buyer will then be obligated to complete the transaction with the seller D. The second buyer will be obligated to purchase the property only if she has waived all contingencies