A factory is dedicated to the production of one product. One unit of raw material is required for each unit of product. Two processes are required to produce the product, process 1, which feeds into process 2. A total of eight identical machines are available in the plant that can be set up to perform either process. Once set up, each machine will be dedicated to that process. For each machine that is set up for process 1, production rate is 10 units/hr. For each machine that is set up for process 2, the production rate is 6 units/hr. Both processes produce 100% good units (fraction defect rate 0). A work-in-process buffer is provided between the two processes to avoid starving and blocking of machines. The factory oper- ates 40 hr/week.
A) In order to maximize factory production, how many machines should be set up for process 1 and how many for process 2?
B) What is the factory's maximum possible weekly production rate of good product units?

Afactory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. however, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. if a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. how is this factory owner seeking to solve the agency conflict problem in this case?

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.