Answer:
Explanation:
Customer orders for last year were 15000
Order for next year with 15% increase = 15000 x 1.15 = 17250
It takes 1.5 hours to fill a customer order
Cumulative amount of time required to fill customers order = 17250 x 1.5 = 25875
Given that standard work year = 2000 hours
Therefore , effective work year with 2 % capacity cushion
= Standard work year x ( 1 – Capacity cushion %/100)
= 2000 x 0.98 = 1960 hours
Number of workers needed by manager
= Cumulative amount of time required to fill customers orders / effective work year
= 25875 / 1960 = 13.20 which is 13 (rounded)
Manager will need 13 workers nex year
Answer:
115,000 chairs
Explanation:
Calculation to determine How many of the chairs that were started were also completed during February
Using this formula
Chairs started and Completed=Beginning chairs production-Ending chairs production
Let plug in the formula
Chairs started and Completed=140,000 chairs- 25,000 chairs
Chairs started and Completed= 115,000 chairs
Therefore The numbers of chairs that were started and were also completed during February will be 115,000 chairs
Answer: Skilled Workers.
Explanation:
Skilled workers refers to those with the skills and abilities required to work in their various tasks. Often these skills are gained from tertiary level institutions such as Universities, Colleges or Technical Schools.
When the report speaks of how having a college education leads to increased productivity, it is targeting skilled workers who as the definition states, have probably gone to College or Universities and the like.
This report will increase the labour market for skilled college education holders as companies might want to hire them more to gain from the reported increased productivity.
Having very flexible hours and being able to travel. This was due to his business only required a computer and internet access so he was able to work from anywhere as long as he had these things. Also the freedom to go from idea to reality quickly.
Present value PV= FV(1/(1+r)^n)
PV = Present Value
FV = Future Value
r= rate
n= number of years
Just plug in the numbers and calculate.
