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Sergio039 [100]
2 years ago
13

Problem 2-14 As operations manager, you are concerned about being able to meet sales requirements in the coming months. You have

just been given the following production report: JAN FEB MAR APR Units produced 2,300 1,800 2,800 3,000 Hours per machine 325 200 400 320 Number of machines 3 5 4 4 Find the average of the monthly productivity figures (units per machine hour). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average productivity units per machine hour HintsReferenceseBook
Business
1 answer:
Gala2k [10]2 years ago
7 0

Answer and Explanation:

For calculating the average of the monthly productivity, first, we have to determine the total hours, and then units per machine hours

Therefore, the formula to figure out  the total hours is

=  Hours per machine × Number of machines

For JAN = 325 × 3 = 975 hours

For FEB = 200 × 5 = 1,000 hours

For MAR = 400 × 4 =  1,600 hours

For APR = 320 × 4 = 1,280 hours

Now, the units per machine hours equivalent to  

= Units produced ÷ total hours

For JAN = 2,300 units  ÷ 975 hours = 2.36

For FEB = 1,800 units  ÷ 1,000 hours = 1.8

For MAR = 2,800 units  ÷ 1,600 hours = 1.75

For APR = 3,000 units  ÷ 1,280 hours = 2.34

Now, the average of the monthly productivity equals to

= (2.36 + 1.8 + 1.75 + 2.34) ÷ 4

= 2.06 units per machine hour

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Asset A has an expected return of 15% and a reward-to-variability ratio of .4. Asset B has an expected return of 20% and a rewar
4vir4ik [10]

Answer:

Correct option is B.

<u>Asset A</u>

Explanation:

Reward to variability ratio = return/σ

Asset A,σ = 15/0.4 = 37.5

Asset B,σ = 20/0.3 = 66.67

Since deviation(volatility) is lesser for asset A,a risk investor would prefer asset A.

8 0
2 years ago
Cakes by Dominic
CaHeK987 [17]

Answer:

One motive that Dominic might have was that he has always wanted to become an entrepreneur and his grandmother wants him to take over the shop for her since his cake-making skills had very much improved since he started. And another motive Dominic had was that there was not a lot of jobs open for him in the area, so he was glad to help.

Explanation:

7 0
1 year ago
A recent income statement of McClennon Corporation reported the following data:
arsen [322]

Answer:

The correct answer is option b.

Explanation:

The number of units of output sold is 8,000 .

The sales revenue is $9,600,000 .

The variable costs are $6,000,000 .

The fixed costs are $2,600,000.

The price of the product

= \frac{Sales\ Revenue}{Q}

= \frac{9,600,000}{8,000}

= $1,200

The average variable cost is

= \frac{TVC}{Q}

= \frac{6,000,000}{8,000}

= $750

Profit =  TR - TC

Profit = Price\ \times\ Q - (AVC\ \times\ Q )\ +\ TFC)

$1,270,000 = $1,200Q - $750Q - $2,600,000

$3,870,000 = $450Q

Q = \frac{3,870,000}{450}

Q = 8,600 units

7 0
2 years ago
The following are data for an economy in billions of dollars: Net rental income 141 Depreciation 1,241 Compensation of employees
Brilliant_brown [7]

Answer:

GDP= 9,872

Explanation:

The Expenditure Approach is a method of measuring GDP by calculating all spending throughout the economy including consumer consumption, investing, government spending, and net exports. This method calculates what a country produces, assuming that the finished goods and services of a country equals the amount spent in the country for that period.

The formula is:

GDP=C+I+G+/-NX

GDP: Gross Domestic Product

(C) consumer spending – this is the amount that all consumers spend on goods and services for personal use.

(I) investment – this is the amount that businesses or owners spend to invest in new equipment or expansions.

(G) government spending – this includes spending on new infrastructure like bridges and roads.

(NX) net exports – this includes spending on a country’s exports minus its spending on imports.

GDP= 6,728+1,767 +1,741+(1,102-1,466)

GDP= 9,872

7 0
2 years ago
An investor has purchased stock in a firm. The investor believes that, at the end of the year, there is 0.20 probability that th
disa [49]

Answer:

loss of $200

Explanation:

As given, there are three cases can happen:

1) 0.20 probability that the stock will show a $3000 profit

=> 0.20 probability that profit = $3,000

2) 0.10 probability that the stock will show a $6000 profit

=> 0.10 probability that profit = $6,000

3) 0.70 probability that the stock will show a $2000 loss

=> 0.70 probability that profit = - $2,000

The expected profit in the stock at the end of the year can be calculated as following:

<em>Expected profit = Probability case 1 x Profit case 1 + Probability case 2 x Profit case 2 + Probability case 3 x Profit case 3 </em>

<em>=0.2 x 3,000 + 0.1 x 6,000 + 0.7 x (-2,000)</em>

<em>=. 600 + 600 -1,400 = -200</em>

<em />

So that, the expected profit in the stock is the loss of $200

5 0
2 years ago
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