Identify the category— “personal”, “fatigue”, or “delay”—in which the following job elements belong: a) A hair-dresser takes the phone to confirm a booking in the middle of a client haircut. b) A doctor takes a cup of coffee and a quick rest in a short time between visiting two patients. c) In a long-distance drive, the coach driver stops in a service area every two to three hours to have some food.
> Sasha and Tara are married, filing jointly. Their correctly determined 2021 taxable income is $127,000. This taxable income includes a $5,000 § 1231 gain from the sale of business land that was included in their $22,000 of net longterm capital gain. None
> Jasmine owned rental real estate that she sold to her tenant in an installment sale. Jasmine acquired the property in 2009 for $400,000; took $178,000 of depreciation on it; and sold it for $210,000, receiving $25,000 immediately and the balance (plus in
> Tan Corporation purchased depreciable tangible personal property for $100,000 in 2019 and immediately expensed the entire cost under § 179. In 2021, when the property was worth $80,000, Tan distributed it as a dividend to the corporation’s sole sharehold
> Dedriea contributes to her wholly owned corporation some tangible personal property she had used in her sole proprietorship business and depreciated. She had acquired the property for $566,000 and had taken $431,000 of depreciation on it before contribut
> Miguel receives tangible personal property as an inheritance in 2019. The property was depreciated by the deceased (Miguel’s father), and Miguel will also depreciate it. At the date of the deceased’s death, the property was worth $532,000. The deceased h
> Corporations are subject to a flat income tax rate of 21%; individuals have graduated rates from 10% to 37%. Does this make the corporate entity a better entity choice for tax purposes? Explain.
> Anna received tangible personal property with a fair market value of $65,000 as a gift in 2019. The donor had purchased the property for $77,000 and had taken $77,000 of depreciation. Anna used the property in her business. Anna sells the property for $2
> Hana is in the 24% tax bracket and owns depreciable business equipment that she purchased several years ago for $135,000. She has taken $100,000 of depreciation on the equipment, and it is worth $55,000. Hana’s niece, Michelle, is starting a new business
> On January 1, 2012, Stephanie Bridges acquired depreciable real property for $50,000. She used straight-line depreciation to compute the asset’s cost recovery. The asset was sold for $96,000 on January 3, 2021, when its adjusted basis was $38,000. a. Wha
> Javier is the sole proprietor of a trampoline shop. During 2021, the following transactions occurred: • Unimproved land adjacent to the store was condemned by the city on February 1. The condemnation proceeds were $15,000. The land, acquired in 1988, ha
> On May 2, 1991, Hannah Weather (Social Security number: 111-22-3333) acquired residential rental real estate for $450,000. Of the cost, $100,000 was allocated to the land and $350,000 to the building. On August 20, 2020, the building, which then had an a
> On June 1, 2017, Skylark Enterprises (a calendar year LLC reporting as a sole prorietorship) acquired a retail store building for $500,000 (with $100,000 being allocated to the land). The store building was 39-year real property, and the straight-line co
> On December 1, 2019, Lavender Manufacturing Company (a corporation) purchased another company’s assets, including a patent. The patent was used in Lavender’s manufacturing operations; $49,500 was allocated to the patent, and it was amortized at the rate
> Copper Industries (a sole proprietorship) sold three § 1231 assets during 2021. Data on these property dispositions are as follows: a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. b
> Amber Industries (a sole proprietorship) sold three $ 1231 assets during 2021. Data on these property dispositions are as follows: a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. b. Assuming th
> Siena Industries (a sole proprietorship) sold three § 1231 assets during 2021. Data on these property dispositions are as follows: a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. b.
> Vijay owns land (adjusted basis of $40,000) that he uses in his business. He exchanges the land and $20,000 in cash for a different parcel of land worth $50,000. May Vijay avoid like-kind exchange treatment to recognize his realized loss of $10,000? Expl
> Keshara has the following net § 1231 results for each of the years shown. What would be the nature of the net gains in 2020 and 2021?
> Jenny purchased timber on a 100-acre tract of land in South Dakota in March 2019 for $100,000. On January 1, 2021, the timber had a fair market value of $145,000. Because of careless cutting in November 2021, when the fair market value was $158,000, the
> Asok’s AGI for 2021 is $133,250. Included in this AGI is a $45,000 25% longterm capital gain and a $13,000 0%/15%/20% long-term capital gain. Asok is single and uses the standard deduction. Compute his taxable income, the tax liability, and the tax savin
> Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan has wages of $34,000 in 2020. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds fo
> In 2021, Beth Jarow had a $28,000 loss from the sale of a personal residence. She also purchased a patent on a rubber bonding process from an individual inventor for $7,000 (and resold it in two months for $18,000). The patent had not yet been reduced to
> Liana Amiri (single with no dependents) has the following transactions in 2021: AGI (exclusive of capital gains and losses) ………………………………..$540,000 Long-term capital gain ……………………………………………………………….22,000 Long-term capital loss ……………………………………………………………….(8,0
> Indicate whether each of the following will increase (1), decrease (2), or have no effect (NE) on a partner’s basis in a partnership interest. a. Operating loss of the partnership. b. Capital gains of the partnership. c. Tax-exempt income of the partners
> Nathan uses the percentage of completion method to report income from his real estate construction contracts. A contract was begun in 2021 and completed in 2022. In 2021, Nathan reported gross income from the partial completion of the contract. In 2022,
> In late December 2021, Gray (a calendar year C corporation) pledges a $50,000 donation to a local relief agency formed to fight AIDS in Africa. Although Gray’s board of directors authorized the donation in 2021, the payment is not made until April 2022.
> Chang and some associates want to form a corporation to develop and operate an industrial park. Chang is to contribute the land, which has significantly appreciated in value. She would like to recognize some of this gain to offset losses from other sourc
> Kite, a calendar year C corporation, incurred a net operating loss in 2021. Explain Kite’s income tax treatment of this NOL.
> Hakim’s rental building (a $ 1231 asset) was not insured when it was destroyed by a hurricane. His adjusted basis for the building was substantial but was less than he had paid for the building in 2016. The building was Hakim’s only asset that was damage
> Describe causes of the bullwhip effect and their associated remedies.
> Describe some ramifications of the bullwhip effect.
> If the probability of a “super-event” decreases, what happens to the likelihood of needing multiple suppliers?
> If the probability of a “super-event” increases, does the “unique-event” risk increase or decrease in importance? Why?
> Develop a vendor-rating form that represents your comparison of the education offered by universities in which you considered (or are considering) enrolling. Fill in the necessary data, and identify the “best” choice. Are you attending that “best” choice
> Besides warehouse layout decisions, what are some other applications where ranking items according to “bang/buck” might make sense?
> What is the difference between “unique-event” risk and “super-event” risk?
> How does Red Lobster, described in the Global Company Profile, find competitive advantage in its supply chain?
> What are the main purposes of setting labor standards?
> Explain the role of flow diagrams, process charts, activity charts, and operations charts in understanding and analysing operations.
> At the Hard Rock Cafe, like many organizations, project management is a key planning tool. With Hard Rock’s constant growth in hotels and cafes, remodelling of existing cafes, scheduling for Hard Rock Live concert and event venues, and
> Define ergonomics. Discuss the role of ergonomics in job design.
> What are the differences among job enrichment, job enlargement, job rotation, job specialization, and employee empowerment?
> How can labor specialization reduce the labor cost of operations?
> Can you think of any jobs that push the man–machine interface to the limits of human capabilities?
> If you were redesigning the job, what changes would you make? Are your changes realistic? Would they improve productivity (not just production but productivity)?
> What are some of the worst jobs you know about? Why are they bad jobs? Why do people want these jobs?
> The operator drops a part, which you pick up and hand to him. Does this make any difference in a time study? If so, how?
> How do you classify the time for a machine operator who, between every job and sometimes in the middle of jobs, turns off the machine and goes for stock?
> How do you classify the time for a drill press operator who is idle for a few minutes at the beginning of every job waiting for the setup person to complete the setup? Some of the setup time is used in going for stock, but the operator typically returns
> The equivalent of a new kindergarten class is born every day at Orlando’s Arnold Palmer Hospital. With more than 13,000 births in a hospital that was designed for a capacity of 6,500 births a year, the newborn intensive care unit was st
> What are some of the uses to which labor standards are put?
> How would you define a good quality of work life?
> What are the main requirements of work cells?
> What are the advantages and disadvantages of product layout?
> A project has the following activities, precedence relationships, and activity durations. Draw the AOA project network. How long would it take to complete this project? What is the length of the critical path?
> What are the implications for operations management with respect to the following organizational strategies: (1) low price, (2) good quality, (3) response, (4) innovation, (5) variety, and (6) sustainability?
> Using the project information listed in the table below: a) Draw the AON network for the construction activity. b) Draw the AOA for the construction activity.
> A small electronic manufacturing company that makes communication devices has determined its costs as follows (all value data are expressed in millions euro): a) Calculate and compare all single-factor and multifactor productivity for 2013 and 2014. b) W
> You are the project manager for a project in which you are going to organize a conference. Develop a work breakdown structure (WBS) in the form of a hierarchical framework, similar to the one in Figure 3.3, based on the partial list shown in the table wi
> The Brew House needs to decide which of two coffee maker designs is better environmentally. Using the following tables, determine which model is the better design alternative.
> Boreki Enterprises has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications. a) Develop an ABC classification system for the 10 items. b) How can Boreki use this information?
> Al-Arabi Manufacturing Company manufactures different types of knobs for doors in its manufacturing facility in 6th of October, Egypt. The company operates its production facility 250 days per year. The demand for the steel knobs is 25,000 units per year
> Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding
> M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 250 units, and this is constant throughout the year. Carr
> How is process layout applied to supermarkets layout? What are the advantages and disadvantages of this type of layout for customers?
> Abey Kuruvilla, of Parkside Plumbing, uses 1,200 of a certain spare part that costs $25 for each order, with an annual holding cost of $24. a) Calculate the total cost for order sizes of 25, 40, 50, 60, and 100. b) Identify the economic order quantity an
> Joe Henry’s machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: a) Given the information, what would be the eco
> Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas’s fastest-moving inventory item has a demand of 6,000 units per year. The cost of each unit is $100, and the inven
> Atech Service sells professional cleaning machines and scouring agents. They deliver the scouring agents to customers on a fixed weekly schedule. The annual demand is 1,500 bottles, each with a value of $10. The fixed cost for each order placed at the su
> Lead time for one of your fastest-moving products is 21 days. Demand during this period averages 100 units per day. a) What would be an appropriate reorder point? b) How does your answer change if demand during lead time doubles? c) How does your answer
> South-eastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units. South-eastern estimates its annual holding cost for this item to be $25 per unit. T
> Matthew Liotine’s Dream Store sells beds and assorted supplies. His best-selling bed has an annual demand of 400 units. Ordering cost is $40; holding cost is $5 per unit per year. a) To minimize the total cost, how many units should be ordered each time
> The manager of a traffic and safety company wants to use the ABC classification system to classify its inventory items. The annual demand and the selling price of each item are listed in the table below. Develop an ABC classification for these 10 items a
> Consider a three-firm supply chain consisting of a retailer, manufacturer, and supplier. The retailer’s demand over an 8-week period was 100 units each of the first 2 weeks, 200 units each of the second 2 weeks, 300 units each of the th
> A manufacturer produces a single product that is sold abroad to an industrial company through the following channel. a) Calculate the bullwhip effect for each stage of the supply chain. b) What kind of actions can the management take to smooth the bullwh
> How does automatic identification work in a warehousing system?
> Over the past 5 weeks, demand for wine at Winston’s Winery has averaged 1,890 bottles, and the variance of demand has been 793,000 bottles. Winston has ordered an average of 1,900 bottles per week over that time period, with a variance of orders of 1,805
> Consider the supply chain illustrated here: Last year, the retailer’s weekly variance of demand was 200 units. The variance of orders was 500, 600, 750, and 1,350 units for the retailer, wholesaler, distributor, and manufacturer, respec
> Kryoneri Perfume Company is considering two alternatives for the supply of vetiver oil (an essential oil used in high-end perfumes). Alternative 1 is to use two suppliers located in Haiti, where half of the world’s vetiver oil comes from. Each has a “uni
> Johnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two local suppliers. Each has a “unique-event” risk of 5%, and the probability of a “super event” that would disable both at the same time is estimated to be 1.5%. Opt
> Referring to Problem S11.2, Wellington Company re-estimated the probability of a “super-event” to 0.2% due to some heavy safety investment carried out in the Albuquerque plant. In addition, they replaced their second and third suppliers, for quality reas
> The food items listed in the following table are stored on a cruise ship for a 7-day cruise. Using the following figure, indicate the best storage location for each item to minimize average distance travelled.
> Amy Zeng, owner of Zeng’s Restaurant Distributions, supplies non-perishable goods to restaurants around the metro area. She stores all the goods in a storage area with a single dock and one aisle. The goods are divided into five categor
> Peter Bell of Bell Electronics maintains an extensive stock of computer components for the consumer market. He has hundreds of drawers/cabinets for the many small parts (mother boards, graphic cards, fans, etc.), and he wants to organize them so as to mi
> Following the incident of a furnace fire in the semiconductor plant in Albuquerque, New Mexico, Wellington Company decided to change its single-sourcing strategy of major components to multi-sourcing. The top management of Wellington Company believes tha
> Nubia textile shop in Egypt imports one of its products from China. The transportation time is currently 40 days, the cost per unit is E£35, and the holding cost of the product is 30% annually. Because of the long shipping time, the manager is evaluating
> Study the distribution of different sections and services across several floors in multi-storey department stores. Explain the rationale behind the location of different departments or sections in such stores.
> The Smoked Salmon, a seafood supplier in Egypt, has a new yearly contract to supply fresh seafood products to Saudi Arabia. The value of the contract is E£800,000 (Egyptian Pound) and the estimated holding cost is 20% annually. The Smoked Salmon is evalu
> If you have a third option for the data in Problem S11.16 and it costs only $4,000 and also takes 20 days, what is your most economical plan? Data from Problem S11.16: A company with a plant in Basel can be served by both rail and truck at a cost of €25
> A company with a plant in Basel can be served by both rail and truck at a cost of €250 and €1,500 per load, respectively. The transit time for the train is 15 days while that for the truck is 5 days. a) If the daily cost of transit inventory is €100, whi
> Sean Willems has evaluated the vendors in Table S11.3 as well as Fricker V-Tech, the vendor in Problem S11.13, but the Quality Control Manager says that new data suggest that Siemsen Systems, Inc.’s quality has deteriorated, and Siemsen
> Referring to Problem S11.12, Sean Willems, in addition to the two possible vendors evaluated in Table S11.3, has found a third possible vendor. He now wants to evaluate all three vendors using the weights in Table S11.3. He scores the third vendor, Frick
> The supply chain manager for Keskin Industries, Sean Willems, has developed the data shown in Table S11.3 for two vendors. Based on the weights and rankings shown, which is the preferred vendor?
> Using the data in Problem S11.10, assume that both Donna, Inc. and Kay Corp. are able to move all their “poor” ratings to “fair.” How would you then rank the two firms? Data from Pr
> As purchasing agent for Eynan Enterprises in Richmond, Virginia, you ask your buyer to provide you with a ranking of “excellent,” “good,” “fair,”
> How would you go about attempting to come up with the probability of a “super-event” or the probability of a “unique event?” What factors would you consider?
> The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory turnover based on
> What are the key factors that should be considered when designing a hospital layout?
> A company has supplied the following data with respect to its three different types of fertilizers: Calculate (assuming 50 sales weeks annually): a) The inventory turnover and weeks of supply for each fertilizer. b) The average inventory turnover and ave
> An excerpt from Kalamia manufacturing company’s last year’s final annual report revealed the following information: Compute: a) inventory turnover; b) weeks of supply, assuming an annual operation of 50 weeks and the c
