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Novay_Z [31]
2 years ago
12

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe

r wash, and the price of workers is $60 per day. The car wash should hire a fifth worker if it would increase total production to at least:______
a. 92 cars per day.
b. 100 cars per day.
c. 104 cars per day.
d. 110 cars per day.
Business
1 answer:
DENIUS [597]2 years ago
7 0

Answer:

Number of car washed is 92

So option (a) is correct answer

Explanation:

It is given that 4 workers can wash 80 cars per day

Means initially 80 cars are washed per day

And it is given that rate of car wash is $5 per car

Now price of workers is $60 per day

As per car wash is $5

So number of extra car washed =\frac{60}{5}=12

So total number of car washed = 80 + 12 = 92 cars per day

So option (a) is correct answer

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RajDee Furniture Company (RFC) buys and sells office furniture. The company buys chairs from a manufacturer for $40 per unit. Or
skad [1K]

Answer:

(1) 2,28 units

(ii) 1,414 units

(iii) Minimum stock is less than EOQ.

Explanation:

(1) Units Ordered each time

Economic\ order\ Quantity=\sqrt{\frac{2\times A\times O}{C} }  

where,

A = Annual Requirement =40,000 Units

O = Ordering Cost = $200 Per unit

Minimum Stock for lead time:

= (40,000 Units × 10) ÷ 365

= 1096 (Approximately)

C=Annual Carrying cost per unit = $40 × 10%  × 1/2

                                                      = 2

Economic\ order\ Quantity=\sqrt{\frac{2\times 40,000\times 200}{2} }  

                                                  = 2828 Units

(2) Average Inventory = EOQ ÷ 2

                                    = 2828 Units ÷ 2

                                    = 1,414 Units

(3) If the Lead time Increase 10 to 15 days:

Minimum Stock Need to be Maintained:  

= Avg Daily Demand × Lead time

= (40,000 Units ÷ 365) × 15

= 1,644 Units

Minimum Stock is Less the EOQ , then Increasing Lead time to 15 Days Does not Have effect on EOQ.

8 0
2 years ago
Read 2 more answers
High Brow Express deals strictly with two customers. The payment from Customer A averages $537,400 and has a collection delay of
Marizza181 [45]

Answer:

The answer is E.

Explanation:

Total payment from customers is:

$537,400 + $737,500

= $1,274,900

Weighted average delay from customer A is:

($537,400/$1,274,900) x 3

=1.26 days

Weighted average delay from customer B is:

($737,500/$1,274,900) x 1

=0.58 day

Therefore, total weighted average delay is:

1.26 days + 0.58 day

=1.84days

5 0
2 years ago
Your sister just deposited $14,000 into an investment account. She believes that she will earn an annual return of 10.5 percent
Ilia_Sergeevich [38]

Answer:

You must deposit $14,824.07

Explanation:

Giving the following information:

Sister:

Investment= $14,000

Interest rate= 10.5%

Number of years= 9

You:

Investment=?

Interest rate= 9.8%

Number of years= 9

First, we need to calculate the future value of your sister:

FV= PV*(1+i)^n

FV= 14,000*(1.105^9)= $34,386.55

Now, we can determine your deposit:

PV= FV/(1+i)^n

PV= 34,386.55/ (1.098^9)= $14,824.07

3 0
2 years ago
In addition to the new designer, Burberry also stepped up its involvement in social media, relationships with style magazines an
AlekseyPX

Letter D is correct! Increasing customer retention and reducing customer churn.

Relationship marketing is a set of actions that a company uses to strengthen its relationship with the customer, in order to retain and retain them. The addition of Burberry has increased its involvement in social media with the goal of staying closer to its customers and offering benefits such as collaboration with a famous actress. This strategy strengthens the customer-brand relationship by translating the brand's interest in meeting its customer's needs and wants and thus strengthening brand recognition in the marketplace.

7 0
2 years ago
Eric's income increased from $40,000 to $50,000 per year. Eric's consumption of tickets to pro football games increased from two
ira [324]

Answer:

By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to <u>+3</u>, and football game tickets are <u>normal</u> goods.

Explanation:

The formula for calculating income elasticity of demand using the midpoint method is:

income elasticity of demand = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}

= {2 / [(2 + 4) / 2]} / {10,000 / [(40,000 + 50,000) / 2]} = (2 / 3) / (10,000 / 45,000) = 0.67 / 0.222 = 3

when the income elasticity of demand is higher than 1, the goods are normal goods.

6 0
2 years ago
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