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Sindrei [870]
1 year ago
7

an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per five- ay week

. What is the labor productivity of this operation? a. 90 chairs/worker/day b. 75 chairs/worker/day c. 60 chairs/worker/day d. 15 chairs/worker/day e. 20 chairs/worker/day
Business
1 answer:
nataly862011 [7]1 year ago
6 0

Answer:

d. 15 chairs/worker/day

Explanation:

Given that

Average of standard dining chairs = 450

Number of employees = 6

Number of days in a week = 5

So, The formula and the computation of the labor productivity of this operation is presented below:

Labor Productivity = Output ÷ Labor Input

where,

Output = 450 standard dining chairs

Labor output = 6 employees × 5 days in a week = 30

So, labor productivity is

= 450 ÷ 30

= 15 chairs per worker per day

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Companies using LIFO are required to disclose the amount at which inventory would have been reported had it used FIFO. Similarly
Irina-Kira [14]

Answer:

True

Explanation:

LIFO is in fact, only allowed to be used in the United States, because under the new IFRS (International Financial Reporting Standards), the used of LIFO has been prohibited.

The reason for this, is that LIFO inflates the value of inventory, because the (usually) lower cost of old inventory is what is reported.

This is why companies using LIFO are obliged to report the hypothetical value of the inventories had they used FIFO.

8 0
1 year ago
Each week a soft drink machine sells x cans of soda for $0.75/soda. The cost to the owner of the soda machine for each soda is $
Assoli18 [71]

Answer:

$34.8

Explanation:

Profits = sales - costs( variable costs +fixed costs)

In this case : total sales will be price $0.75 x units sold X= 0.75X

Variable costs : =$10 x units sold= $10x

Fixed cost remain $25 as they are not affected by quantity.

profits for the Week

P= (0.75x- 0.10x)-$25

Profit for the week with units sold as 92: x = 92

p= ( {0.75x92} - {0.10x92} )- $25

P= $69 - $9.2- $25

P=$59.8- $25

   =$34.8

3 0
2 years ago
A company’s stock is currently selling for 28.50. Its next dividend, payable one year from now, is expected to be 0.50 per share
melisa1 [442]

Answer: $22.22

Explanation:

We can use the dividend discount model to solve for this.

The formula is,

P = D1 / r - g

Where,

D1 = the next dividend

r = the expected return

g = the growth rate.

We do not have the expected return but we can calculate for it using the old stock price and growth rate. Making it x we have,

28.5 = 0.5 / x - 0.075

28.5 (x - 0.075) = 0.5

x = 0.5 / 28.5 + 0.075

x = 0.09254385964

x = 9.25 %

Now that we have the expected return we can calculate the new stock price with the new growth rate,

P = 0.5 / 9.25% - 7%

P = 22.2222222222

P = $22.22

The new stock price is $22.22

5 0
1 year ago
The center of gravity method determines the best x and y coordinates for multiple faclities by finding a central location and th
babymother [125]

Answer:

The answer is True.

Explanation:

The center of gravity method is a concept under <em>Operations Management</em> as it relates to facilities distribution such as warehouses or fulfillment centers.

Center of Gravity Strategy/Method is defined as a concept that seeks to calculate geographic coordinates for a potential single new facility that will minimize costs. Under this approach the main factors considered are:

  • Cost of Shipping
  • Markets
  • Volume of goods shipped

Operations managers prefer to use this approach in siting the location of their facilities because:

  • It minimizes cost.
  • It is simple to compute
  • It takes in to consideration existing facilities

How to use the Center of Gravity Method

Step 1:

  • Place existing facility(ies) such warehouse, fulfillment center, and distribution center locations in a coordinate grid.
  • situate the grid on an ordinary map.
  • The distances between the facilities must be noted.

Step 2:

Then, using the equations below,

   Fx= ∑ dix Vi/ ∑ Vi

   Fy= ∑ diy Vi/ ∑ Vi

Proceed to calculate the X and Y coordinates using these equations where Fx is the X (horizontal axis) coordinate for the new facility, and

Fy is the Y (vertical axis) coordinate for the new facility, dix is the X coordinate of the current location, diy is the Y coordinate of the existing location, and Vi is the volume of goods moved to or from the <em>i</em>th location.

Step 3:

After you have obtained the X and Y coordinates place that location on the map.

This approach allows for point of departure – or, literally, a starting point of where (from the perspective of longitude and latitude) you options are for where to grow your fulfillment or logistics network.

Cheers!

 

8 0
1 year ago
Which two of these are essential for completing an initial mortgage loan application?
Vitek1552 [10]

*Your name.

*Your income.

*Your Social Security number (so the lender can check your credit)

*The address of the home you plan to purchase or refinance.

*An estimate of the home's value.

*The loan amount you want to borrow.

4 0
1 year ago
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