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Lunna [17]
3 years ago
11

The manager of a crew that installs carpeting has tracked the crew’s output over the past several weeks, obtaining these figures

:
Week Crew Size Yards Installed
1 4 97
2 3 69
3 4 97
4 2 50
5 3 63
6 2 52

a. Compute the labor productivity for each of the weeks.
b. Which crew size works best?
Business
1 answer:
Margaret [11]3 years ago
8 0

Answer:

a. Week     Crew Size    Yards Installed    Productivity

     1                  4                       97                      24.25

     2                 3                       69                      23

     3                 4                       97                      24.25

     4                 2                       50                      25

     5                 3                       63                      21

     6                 2                       52                     26

Note: Productivity = Yards Installed / Crew size

b. Examining the above results, one sees that the productivity is highest (25 and 26) when the crew size was the lowest. Hence, a conclusion could be made that the smaller the crew size, the higher the productivity.

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Answer:

The correct answer is b. Increasing a nominal quantity by an amount equal to the percentage change in a price index.

Explanation:

Indexing consists of<em> adjusting</em> prices according to the changes of a particular index. It looks to create a <em>protective shield</em> against sudden fluctiations of the indicator, when affecting one or multiple segments of an economy. Nominal quantities go up or down and are adjusted proportionally according to the index to keep the purchasing value of money stable through time.

8 0
3 years ago
In 2008, 1 in approximately every 200 cars in the United States was stolen. Beth owns a car worth $20,000 and is considering pur
rjkz [21]

Answer:

A) The amount of the premium in fair insurance policy that replaces Beths car, must be equal to the probability or expectation of claim of car theft.

Therefore, the Premium amount = 20000 x (1/200)

= 20000 (0.005)

= $100

B) If an Insurance company charges 0.6% for replacing a stolen car, then the policy will cost beth:

20000* 0.6%

= 12,000/100

= $ 120  

C) To be risk-neutral means to be indifferent to the risk. This means that Beth would be indifferent. She most likely will be focused on maximizing value for money. In other words, she will NOT pay for the insurance policy in part b because part A provides her with the exact (or fair) premium for her insurance.

D) The moral hazard problem is this, people tend to become more careless with an insurance policy in place. This moral hazard arises form the knowledge that there is an insurance policy that caters to their risks.

As a matter of practice, therefore, insurance companies factor this increased risk into their premiums. Where the premium was supposed to be $100, they may charge $120.

In summary, it means that Beth most likely will move from becoming risk neutral to becoming (to a certain degree) more risk loving.

Cheers!

3 0
3 years ago
What is considered a liability in finance and why is it being used?
garri49 [273]

A liability is something a person or company owes, usually a sum of money. ... In the world of accounting, a financial liability is also an obligation but is more defined by previous business transactions, events, sales, exchange of assets or services, or anything that would provide economic benefit at a later date

8 0
3 years ago
Read 2 more answers
Ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account. by how muc
ludmilkaskok [199]
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4 0
3 years ago
The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the indu
yan [13]

Answer:

4.50%

Explanation:

Note:<em> Question is incomplete but very similar one is attached as picture below</em>

Current ROE = Net Income / Equity = $21,000 / $280,000 = 7.50%

Current Inventory = $210,000

Target Current ratio = 2.70

1. Current assets at target Current ratio = Current Liabilities * Target current ratio = $70000 * 2.70 = $189,000

2. Reduction in Inventories = Present Current assets - Current assets under target current ratio

Reduction in Inventories = $14000 + $70000 + $210000 - $189000

Reduction in Inventories = $105000

3. Reduction on common equity using sale of inventory = Current Equity - reduction

Reduction on common equity using sale of inventory = $280,000 - $105,000

Reduction on common equity using sale of inventory = $175,000

4. Change in ROE = New ROE - Current ROE

Change in ROE = [21000 / 175000] - 7.50%

Change in ROE = 12% - 7.50%

Change in ROE = 4.50%

4 0
3 years ago
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