Consider the following four-step assembly operation with quality problems. All resources are staffed by one employee. The first resource has a processing time of 5 minutes per unit. The second resource has a processing time of 6 minutes per unit. The third resource has a processing time of 3 minutes per unit. With a 30 percent probability the flow unit coming out of the third resources has to he reworked. In that case the operation at the first, second and third resources are repeated. You can assume that rework always succeeds and the processing times for units in rework are the same for the regular units. The fourth resource has a processing time of 4 minutes per unit. What in the process is the bottleneck? What is the capacity of the process?

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?

Atrough in the business cycle occurs when