1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
3 years ago
3

Determine the utilization and the efficiency for each of these situations: a. A loan processing operation that processes an aver

age of 4 loans per day. The operation has a design capacity of 11 loans per day and an effective capacity of 9 loans per day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)b. A furnace repair team that services an average of 3 furnaces a day if the design capacity is 7 furnaces a day and the effective capacity is 6 furnaces a day. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems?
Business
1 answer:
NNADVOKAT [17]3 years ago
8 0

Answer:

The answer to the given problem is given below.

Explanation:

a.

Utilization  = Actual Output/Design Capacity = \frac{4}{11} = 36.4%

Efficiency  = Actual Output/Design Capacity = \frac{4}{9} = 44.4%

b.

Utilization  = Actual Output/Design Capacity = \frac{3}{7} = 42.9%

Efficiency  = Actual Output/Design Capacity = \frac{3}{6} = 50%

c.

This is not necessarily true. If the design capacity is relatively high, the utilization could be low even though the efficiency was high.

You might be interested in
Here are selected data for sally day​ corporation: beginning raw materials inventory ​$37,000 beginning work in process inventor
DIA [1.3K]
<span>Take the required information from the question, Beginning work in process inventory 61,500 Cost of direct materials requisitioned 91,300 Direct labor incurred 125,000 Cost of goods manufactured 287,000 Cost of goods sold 265,000 Manufacturing overhead rate 125% Calculating the total labor that is incurred = 125000 x (125/100) = 125000 x 1.25 = 156,250 Process inventory balance at the end = add all the used inventory costs and subtracting the cost of manufactured costs = $156,250 + 125,000 + 61,500 + 91,300 - 287,000 = $147,050</span>
3 0
4 years ago
Which of the following statement about renting vs owning is correct
Olin [163]
Rest of the answer? There should be more
6 0
3 years ago
Read 2 more answers
Difference between operating expenditure and development expenditure​
Citrus2011 [14]

Operating expenses are incurred during regular business, such as general and administrative expenses, research and development, and the cost of goods sold. A capital expenditure is incurred when a business uses collateral or takes on debt to buy a new asset or add value of an existing asset.

5 0
3 years ago
Marketers and customers alike enjoy specialties because they cast doubt on the products offered by competitors. prevent price co
Otrada [13]

Answer:

<h2>The correct answer in this case,would be the fourth option mentioned in the answer choices or create goodwill for the company. </h2>

Explanation:

  • A specialty offered by any business basically implies creating a high and positive value for the customers on the basis of the customer needs and convenience.
  • A specialty based business focuses on selling specific products and services instead of wholesale or bulk/large quantity selling and hence,it emphasizes more on product or service specialization.
  • Royalty based businesses provide better and more convenient shopping or buying experience for the customers including personalized shopping,better customer service,specialized focus on individual customers,consistent and timely post consumption or purchase follow up,obtaining a more detailed and specific product or service related information by the customers and so on.
  • Therefore,royalty based business can generate positive goodwill and market reputation through providence of a much more specialized and focused customer oriented service.
7 0
4 years ago
Review the scenario:
ankoles [38]

Answer:

w4

Explanation:

because its w4 because it explains its his first day on the job

4 0
3 years ago
Read 2 more answers
Other questions:
  • Gross domestic product is the total market value of all final goods and services produced during a period of time.
    13·1 answer
  • Six Sigma Projects are easy to identify. They seek out sources of waste such as overtime and warranty claims; investigate produc
    10·1 answer
  • Although competitors can copy or match the goods and services a firm offers, the firm can still develop a sustainable competitiv
    10·1 answer
  • When the production process is complete in process costing, the completed goods and the accumulated costs are transferred across
    13·1 answer
  • A plaintiff sued a chimney sweeping company for personal injury and property damages resulting from an explosion in her chimney
    14·1 answer
  • Which of the tax structures do you think is most fair? Why? (See p. 360–362 of Economics: Principles in Actions for review). Giv
    6·1 answer
  • A PDF file is used to display a file as it will look when _______.
    13·1 answer
  • What determines the foreign exchange rate?
    8·1 answer
  • A company has 12,247 customers they extend credit to, they will have 12,247 __________________ accounts.
    8·1 answer
  • Increases in the Gross National Product best indicate increasing economic ..... (1 point)
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!