Which type of decision maker tends to choose the first available option in haste

Jamison Paints makes and sells paint to home improvement stores. Jamison's only plant can produce up to 12 million cans of paint

Olin [163]

Answer:

Jamison's current total cost of making and selling 10 million cans of paint is $75,000,000 and the current cost per can of paint is $7.5

Explanation:

For computing the current total cost, we need to apply the formula which is shown below:

Total cost = Fixed cost + variable cost

where,

Fixed cost = $15,000,000

And, the variable cost = Annual production × variable cost per plant

= 10,000,000 × $6

= $60,000,000

Now put these values to the above formula

So, the value would equal to

= $15,000,000 + $60,000,000

= $75,000,000

Now the current cost per can of paint would be

= (Total cost) ÷ (Annual production)

= ($75,000,000) ÷ (10,000,000)

= $7.5 per can of paint

3 0

2 years ago

27. Person X pushes twice as hard against a stationary brick wall as person Y. Which one of the following statements is correct?

lbvjy [14]

Answer:B Both do positive work, but person X does twice as old as person Y

Explanation:

It means X has put in double the efforts of Y. That for every one efforts of Y, X does two and for every two he does four etc

8 0

2 years ago

Quality Timber Pty Ltd is a well-established logging company. With below-average performance, their packaging department is cons

sashaice [31]

Answer:

Quality Timber Pty Ltd

In this scenario, the performance norms are _below-average____ and cohesiveness is _ high____, so productivity is _low___.

Explanation:

It has been established that group norms influence individual behavior and group performance. Performance Norms refer to how a person should work in a given group and what his or her output should be.

Cohesion, according to wikipedia.com, "can be more specifically defined as the tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members." Employees of the packaging department tend to be enjoying so much group cohesiveness. But, they need to break some habits to focus on achieving corporate goals by increasing their productivity.

According to Paul Krugman of the Organization for Economic Co-operation and Development, "Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output." A rough assessment of the packaging department employees' performance shows low productivity, as they are "consistently behind schedule and take long lunch breaks, and frequently chat with co-workers," instead of concentrating on their jobs.

8 0

2 years ago

Wolverine, Inc. began operations on January 1 of the current year with a $12,400 cash balance. 45% of sales are collected in the

steposvetlana [31]

Answer:

$7,700 increase

Explanation:

We can determine the change in Wolverine's cash balance by deducting the cash disbursement and operating expenses from the cash receipts.\

Change in cash balance = Cash receipts - Cash disbursement - Operating expense

Change in cash balance = $48,000 - $33,800 -$6,500

Change in cash balance = $7,700

WORKING:

Cash Receipts

Sales

February ( 59,000 x 45%) $26,550

January ( 39,000 x 55%) $21,450

Total $48,000

Cash disbursement

Purchases

February ( 44,000 x 15%) $6,600

January ( 32,000 x 85%) $27,200

Total $33,800

Operating expenses

Incurred $9,400

Depreciation ($2,900)

Net $6,500

7 0

2 years ago

Suppose that a delivery company currently uses one employee per vehicle to deliver packages. Each driver delivers 60 packages pe

lisabon 2012 [21]

Answer:

a. What is the MRP per driver per day?

the marginal revenue product per driver = 60 packages x $20 = $1,200 per day

b. Now suppose that a union forces the company to place a supervisor in each vehicle at a cost of $300 per supervisor per day. The presence of the supervisor causes the number of packages delivered per vehicle per day to rise to 60 packages per day What is the MRP per supervisor per day? By how much per vehicle per day do firm profits fall after supervisors are introduced?

if the drivers were already delivering 60 packages per day without the supervisor, then the addition of the supervisor doesn't change anything. So the MRP of the supervisor is $0. That means that the company's profits will decrease by $300 per day due to the supervisors.

c. How many packages per day would each vehicle have to deliver in order to maintain the firm's profit per vehicle after supervisors are introduced?

$300 / 20 = 15 packages per day
in order to maintain the profit per vehicle, each team of delivery man + supervisor should be able to deliver 75 packages per day.

d. Suppose that the number of packages delivered per day cannot be increased but that the price per deliver might potentially be raised. What price would the firm have to charge for each delivery in order to maintain the firm's profit per vehicle after supervisors are introduced?

$300 / 60 = $5
the price of each package delivered should increase by $5 to $25 per package.

6 0

2 years ago