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Karolina [17]
2 years ago
8

An insurance adjuster processes the claims of six policy holders in an eight hour work day. The adjuster uses $5 in gasoline and

$3 in forms and office supplies to complete the work. What is her labor productivity?
Business
1 answer:
natta225 [31]2 years ago
7 0

Answer:

0.75 claims per hour

Explanation:

The goal is to determine the single factor productivity of the Insurance adjuster.

Step 1: Know the formula for Singe Productivity

Single Factor Productivity= Units Produced/ Labour Hours Used

Step 2: Calculate the productivity

Units Produced = 6 (the Procesing of the claims of six policy holders)

Labour Hours used = 8 (The number of hours used to process the claims per day)

Single factor Productivity= 6/8 = 0.75 claims per hour.

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Lou Ling, owner of Lou’s Lube, estimates that he will need $70,000 for new equipment in 7 years. Lou decided to put aside money
igor_vitrenko [27]

Answer:

The principal amount to be to be invested=$46,613.95

Explanation:

The total amount that Lou needs to invest with Reel bank in order to have for new equipment in 7 years is known as the principal amount.

The formula for calculating total amount on investment compounded quarterly;

A=P(1+r/n)^nt

A = the future value of the investment, including the interest

P = the initial investment amount

r = the annual interest rate

n = the number of times that interest is compounded per unit t

t = the time the money is invested or borrowed for

For our case;

A=$70,000

P=p

r=6/100=0.06

n=compounded quarterly=4

t=7 years

replacing;

70,000=p(1+0.06/4)^(4×7)

70,000=p(1.015)^28

70,000=1.517 p

1.517 p=70,000

p=70,000/1.517

p=46,613.95

The principal amount to be to be invested=$46,613.95

5 0
1 year ago
Hampton Industries had $61,000 in cash at year-end 2017 and $27,000 in cash at year-end 2018. The firm invested in property, pla
Vaselesa [24]

Answer:

Cash flow from operating activities = ($34,000)

Explanation:

Cash flow statement has three levels of activity. These are-

a) Cash flow from operating activities;

b) Cash flow from investing activities;

c) Cash flow from financing activities;

By adding up those three activities, we can get the changes in cash at the end of the period. Or, we can find the cash amount which is shown in the Balance sheet.

Since, cash flow from investing and financing activities are given, we need to calculate the cash flow from operating activities.

We know, Cash flow from operating activities

+ Cash flow from investing activities

+ Cash flow from financing activities

= Changes in cash

Again, Changes in cash = Cash at the ending period - Beginning cash

Putting the values,

Cash flow from operating activities + ($150,000) + $150,000 = $27,000 - $61,000

Cash flow from operating activities = ($34,000)

<em>Note: Brackets indicate "minus".</em>

4 0
2 years ago
It is rumored that the Illinois Operations Manager, Sam, has requested the quarterly budget to include an available position for
vovangra [49]

Answer:

The correct answer is letter "B": Convene a meeting and ask Sam to substantiate the need for a new team leader. Review the ethics policy and company hiring guidelines. Express your concerns about the budget.

Explanation:

First of all, the company must <em>confirm if there is really a need for a team leader in the assembly area</em>. If so, the benefits of having such a professional must be pointed out. If approved, because of the rumors of Sam hiring a friend for the position,<em> the ethics policy and company hiring guidelines must be clarified</em> in order to let Sam know that the new leader must be selected after the evaluation of a number of applicants who can could suitable for the position. Last but not least, the details of the reasonable income this new leader will receive should be explained to find out <em>what would be</em> <em>the impact on the company's budget</em>.

7 0
2 years ago
On January 1, 2021, Wooten Technology Associates sold computer equipment to the Denison Company. Delivery was made on January 1,
g100num [7]

Answer: $‭9,017.89

Explanation:

Wooten will recognize the present value of $10,100 as it is to be paid to them in a year and the company sees time value of money as a significant component.

= 10,100 * Present value interest factor, 12%, 1 period

= 10,100 * 0.89286

= $‭9,017.886‬

= $‭9,017.89

6 0
1 year ago
Country Talmar produces​ 100,000 cars during a particular year. The market price of cars in Talmar is​ $5,000. In a recent meeti
KengaRu [80]

Answer:

e. There is a deadweight loss at the given production level.

Explanation:

A deadweight loss, also known as excess burden or allocative inefficiency, is a loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.

8 0
1 year ago
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