This article throws light upon the top two methods of quality control. The methods are: 1. Inspection 2. Statistical Quality Control (SQC). Method # 1. Inspection: Inspection means checking the product through visual or testing examination, at the input stage, transformation stage or output stage, against standards. The task of carrying out inspection is inspection function and the people who [...]
This article throws light upon the top five applications of time value techniques. The applications are: 1. Sinking Fund Problems 2. Capital Recovery Problems 3. Compound Growth Rate Problems 4. Interest Rate Problems 5. Valuation Problems. Time Value Techniques: Application # 1. Sinking Fund Problems: A financial manager may have to determine the amount of annual payments so as to [...]
This article throws light upon the top two techniques used for adjusting time value of money. The techniques are: 1. Compounding Technique 2. Present Value Techniques. Adjusting Time Value of Money: Technique # 1. Compounding Technique: The time preference for money encourages a person to receive the money at present instead of waiting for future. But he may like to [...]