Answer:
Optimal mix
Reno = 615 units
Tahoe = 0 units
Explanation:
Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource
Product Cont/unit painting hr /unit cont/hr Ranking
Reno $120 4 30 Ist
Tahoe $78 3 26 2nd
The company should use all of its limited 2,460 painting hours to produce the two products as follows:
Reno
= 2460/4
= 615 units of Reno
<em>This is so as long as Billings Company can produce and sell as many units of Reno as it can produce.</em>
Optimal mix
Reno = 615 units
Tahoe = 0 units
Answer:
(A) True
Explanation:
A constraint occurs when the resources are scarce in respect to their requirement.
Here, the resources are 4 times that is one machine is required 6 months from now, and already the current availability is of 4 machines.
Thus for each one activity one earth mover is required which means we have plenty of resources in the form of such machine at present thus there is no scarcity or constraint of resources.
Thus, the given statement is
True
Answer:
a. The reinsurance contract between SIC and Ghana Re is a proportional reinsurance contract. This type of contract specifies that the reinsurer (Ghana Re) will share a fixed proportion of the premiums and losses with the ceding company (SIC). In this case, the contract specifies that Ghana Re will pay 70 percent of the losses and receive 70 percent of the premiums, while SIC will pay 30 percent of the losses and retain 30 percent of the premiums.
b. If a ¢100 million covered loss occurs, SIC will be responsible for ¢30 million of the loss, while Ghana Re will be responsible for ¢70 million of the loss. This is because the contract specifies that SIC will pay 30 percent of the losses, and Ghana Re will pay 70 percent of the losses. In terms of premiums, SIC will retain ¢60 million of the premium, while Ghana Re will receive ¢140 million of the premium, less the ceding commission that is paid to SIC.
Control+Shift+Enter
Array functions in excel are powerful tools sometimes refereed to as "CSE" functions because you have to press Control+Shift+Enter in order to enter them in your worksheet.
Answer:
Consumer service is referred to as one on one interaction by entrepreneur.
Explanation:
Consumer service is an essential thing that needs to considered for successful business. The entrepreneur should focus on key customer and then address their queries to further promote his business. He should address any concerns that a consumer might have about the product.
