The specification for a plastic handle calls for a length of 6.0 inches ± 0.1 inches. The standard deviation of the process is estimated to be 0.02 inches. What are the upper and lower specification limits for this product? The process is known to operate at a mean thickness of 6.03 inches.

a) Can the company meet the customer’s specification requirements at this time? If it cannot, explain if it is due to a drifting of the mean or too much variability.

b) Suppose that the mean of the process has now shifted to 5.95 inches. What is the maximum standard deviation (σ) of this process if the company wants to ensure that it can maintain a Cpk of 2.0?

c) The specification limits have not changed. Suppose that the mean of the process has now shifted to 5.9 inches with a standard deviation (σ) of 0.09. What is the range (upper and lower limits) on the mean of the process to maintain a Cpk of 2.0 or greater?

d) Suppose that the mean of the process is operating at a mean of 6.1 inches and a standard deviation of 0.1 inches and follows a normal probability distribution. The lower spec (specification) limit is 5.95 and the upper spec limit is 6.2. What percent of the values are outside of the spec limits?

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?