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jasenka [17]
2 years ago
10

Two workers have the job of placing plastic labels on packages before the packages are shipped out. The first worker can place 1

000 labels in 30 minutes. The second worker can place 850 labels in 20 minutes. Which worker is more productive?
Business
1 answer:
monitta2 years ago
3 0

Answer:

The correct answer is: The second worker.

Explanation:

Productivity is an economic term describing the relationship between outputs as compared to inputs needed to produce those outputs. It is a measure of efficiency. Typically inputs are raw materials, labor, and capital assets. Outputs are generally expressed as either revenue or total units of finished goods.

In the example, a form to measure each worker's productivity is comparing how many plastic labels they can place per hour. Thus:

  • Worker 1: <em>1000 per 1/2 hour (30 minutes) </em>
  • Worker 1: <em>2000 per 1 hour  </em>

  • Worker 2: <em>850 per 1/3 hour (20 minutes)</em>
  • Worker 2: <em>2550 per 1 hour </em>

Then, the second worker is more productive.

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Giorgio Italian Market bought $8,000 worth of merchandise from Food Suppliers and signed a 90-day, 10% promissory note for the $
Mekhanik [1.2K]

Answer and Explanation:

The journal entry is shown below:

Cash $8,200

      To  Notes receivable  $8,000

      To Interest revenue ($8,000 × 10% × 90 days ÷ 360 days)  $200

(being the collection of notes is recorded)

For recording this we debited the cash as it increased the asset and credited the notes receivable and interest revenue as it decreased the assets and increased the revenue

4 0
2 years ago
Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $3,200,000 par value, mature in four years, and pay
Aleksandr [31]

Answer:

  • Brussels Enterprises issues bonds at par dated January 1, 2019    

 Debit  $3,200,000  Cash    

 Credit  $3,200,000  Bonds Payable  

   

  • Interest semiannually on June 30      

 Debit  $144,000  Bond Interest Expense  

 Credit  $144,000  Cash  

  • Interest semiannually on December 31      

 Debit  $144,000  Bond Interest Expense  

 Credit  $144,000  Cash  

   

  • Record the entry for the maturity of the bonds on December 31, 2022    

 Debit  $3,200,000  Bonds Payable  

 Credit  $144,000  Bond Interest Expense  

 Credit  $3,344,000  Cash  

Explanation:

At the moment of the company receive the money for the bonds issued, the company record the following journal entry:

Debit  $3,200,000  Cash    

Credit  $3,200,000  Bonds Payable  

Recognizing the money that the company get and the liabilities for the years to come on the Long Term Liabilities in the balance sheet, becuase it matures in 4 years.

  • When the company begins to pay the interest the company records the following entry:

Debit  $144,000  Bond Interest Expense  

Credit  $144,000  Cash  

The company recognizes the interest payment at each moment it occurs as expenses in the Income Statement.

At the maturity of the bonds the company reverse the entry made at the beginning when it receives the money and recognize the liabilities.

Now the journal entry is as follows:

Debit  $3,200,000  Bonds Payable  

Credit  $144,000  Bond Interest Expense  

Credit  $3,344,000  Cash  

4 0
1 year ago
The value and cost of goods are easiest to determine when the goods are
Ludmilka [50]
The value and cost of goods are easiest to determine when the goods are private goods.

And the best answer is D.

It will help you.
3 0
1 year ago
he graph shows excess supply. A graph titled Excess supply has quantity on the x-axis and price on the y-axis. A line with posit
yan [13]

Answer:

it needs to be decreased

Explanation:

6 0
1 year ago
Read 2 more answers
Read the text and answer the question.
mel-nik [20]

Answer:

1. Time is scarce so Trey must decide whether to buy the car as soon as possible or to keep his position on the team

2. Entrepreneurship

3. A supply truck

4. Josephine felt she could help students most by improving teachers' skills

5. Profit

6. The ability to produce goods at a lower price

7. Feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.

Explanation:

1. Trey should not take too long to make his decision as time is scarce. If he does, then the price of the car may fluctuate or someone else might end up buying it.

2. Janice is the one who came up with the idea of setting up the business and she is also the risk-taker here. For this reason, she represents entrepreneurship.

3. A supply truck is the capital for a construction company because it is used as an input to deliver the material.

4. Josephine identified the problem that teachers need to be taught better management skills for the sake of students' success.

5. Profit is one of the many major goals of business owners because that amount is used to pay for future business-related needs. It is also important because it keeps the business up and running.

6. Singapore offered lowered rates of production. Although other facilities are better in Michigan the cost of production will increase a lot. Therefore, the ability to produce goods at a lower cost is the opportunity cost.

7. Russel believes that studying extra will make his future bright than playing basketball. Also, the benefits of studying are more than the disadvantages of not playing basketball.

8 0
1 year ago
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