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KiRa [710]
3 years ago
10

Kevin is an auto mechanic. He spends 33 hours when he replaces the shocks on a car and 22 hours when he replaces the brakes. He

works no more than 5454 hours a week. He routinely completes at least 44 shocks replacements and 66 brake replacements a week. If he charges ​$500500 for labor replacing shocks and ​$250250 in labor for replacing​ brakes, how many jobs of each type should he complete a week to maximize his​ income?
Business
1 answer:
ahrayia [7]3 years ago
8 0

Answer:

To maximize income, Kelvin should use 5445 hours to replace 165 shocks.

Explanation:

The number of hours taken for replacing the shocks is 1.5 times higher than replacing the brakes. (1.5 = 33 hours/ 22 hours)

While the income from replacing the shocks is double/ 2 times higher than replacing the brakes (2.0 = $500500/$250250)

It’s viable that replacing the shocks is more effective in term of income compared to hours  taken.

If Kevin use his maximum 5,454 hours a week for replacing the shocks, then he can replace 165 shocks and earn $82,582,500.

If the customer resource is unlimited, then it It is better to focus on replacing shocks only.

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3 years ago
Victoria Enterprises has $1.6 million of accounts receivable. The company's DSO is 40, its current assets are $2.5 million, and
astraxan [27]

Answer:

1.26

Explanation:

Current ratio=1.5

DSO=40

DSO=Net sales/Average Accounts receivable

40=(Average Accounts receivable/Net sales)*365

1,600,000/(40/365)=Net sales

Net sales=$14,600,000

Revised DSO=30

(30/365)=Average Accounts Receivable-revised/$14,600,000

Average Accounts Receivable-revised=$1,200,000

Current Assets-Old Receivables+New Receivables= $2,500,000-1,600,000+1,200,000=$2,100,000

Current liabilities=2,500,000/1.5

Current liabilities=$1,666,667

Revised current ratio=$2,100,000/1,666,667

Revised Current ratio=1.26

8 0
4 years ago
Maud, a calendar year taxpayer, is the owner of a sole proprietorship that uses the cash method. On February 1, 2019, she leases
gtnhenbr [62]

Answer:

She can deduct the full $120,000. the answer is $120,000.

Explanation:

Therefore, M is following cash basis of accounting , She can deduct the full $120,000 amount. Under cash system, expenses are recorded when cash is paid irrespective of whether it is accrued or not.

5 0
4 years ago
Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on
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Answer:

Estimated manufacturing overhead rate= $1.84 per direct labor dollar

Explanation:

Giving the following information:

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To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

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Estimated manufacturing overhead rate= $1.84 per direct labor dollar

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mamaluj [8]

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4. Natural resources are non-renewable sources in nature.

6 0
3 years ago
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