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nikitadnepr [17]
2 years ago
10

Hat Tricks Company (HTC) is a Buffalo, New York, manufacturer of hats and gloves. Recently, the company purchased a new machine

to aid in producing the hat product lines. Production efficiency on the new machine increases with the workforce experience. It has been shown that as cumulative output on the new machine increases, average labor time per unit decreases up to the production of at least 3,200 units. As HTC’s cumulative output doubles from a base of 100 units produced, the cumulative average labor time per unit declines by a learning rate of 80%.
HTC has developed a new style of men’s hat to be produced on the new machine. One hundred of these hats can be produced in a total of 20 labor hours. All other direct costs to produce each hat are $19 per hat, excluding direct labor cost. Direct labor cost per hour is $60. Fixed costs are $8,000 per month, and HTC has the capacity to produce 3,200 hats per month.
Business
1 answer:
saul85 [17]2 years ago
3 0

The selling price per hat is mathematically given as

S=$62

<h3>What is the selling price per hat?</h3>

Direct labor hours required to produce first 100 hats=10hr

Direct labour cost =20hr*60$/hour = $1200

Other Direct cost =100hats*19$/hat = $1900

Total Direct cost. = $3100

Selling price is 200% of Direct production cost

$3100*200% = $6200

The selling price per hat = $6200 / 100hats

The selling price per hat = $62

In conclusion, The selling price per hat = $62

Read more about selling price

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Suppose Potter Ltd. just issued a dividend of $2.50 per share on its common stock. The company paid dividends of $2.00, $2.07, $
Bogdan [553]

Answer:

Explanation:

Using dividend growth model formula for finding dividend per year can be used to find the growth rate per year;

The formula would be D1 = D0(1+g)

and D2 = D1(1+g)

D3 = D2 (1+g)  and so on....

Starting with 2.00 dividend,  <u>growth rate from yr1-yr2;</u>

2.07 = 2.00*(1+g)

Divide both sides by 2.00;

1+g = 2.07/ 2.00

1+g = 1.035

g = 1.035-1

g ( y1-y2) = 0.035 or 3.5%

<u>Growth rate from yr2-yr3;</u>

2.24 = 2.07(1+g)

Divide both sides by 2.07;

2.24/2.07 = 1+g

1.0821 = 1+g

1.0821-1 = g

g= 0.0821 or 8.21%

Therefore, g(y2-y3) = 8.21%

<u>Growth rate from yr3-yr4;</u>

2.34 = 2.24(1+g)

Divide both sides by 2.24;

2.34/2.24 = 1+g

1.0446 = 1+g

1.0446 -1 =g

g =0.0446 or 4.46%

Therefore, g(y3-y4) = 4.46%

<u>Growth rate from yr4-yr5;</u>

2.50 = 2.34(1+g)

2.50/2.34 = 1+g

1.0684 = 1+g

1.0684-1 = g

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Therefore, g(y4-y5) = 6.84%

8 0
3 years ago
An active worker receives $500 every two weeks. This kind of monetary reward for work is called ______.
Vladimir79 [104]
I believe the correct answer is Payment, because if the worker receives $500 EVERY TWO WEEKS it most likely means that is his payment or what he is employed for
5 0
3 years ago
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An economist would be more likely to argue against reducing inflation if she thought that a. the central bank lacked credibility
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Answer:

b. the central bank lacked credibility and if bonds were usually indexed for inflation.

Explanation:

Economics can be classified into two (2) categories, namely;

1. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.

Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.

2. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

When this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation.

In conclusion, an economist is more likely to argue against a reduction in inflation if she thought that the central bank lacked credibility and if bonds were usually indexed for inflation.

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