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
Musya8 [376]
3 years ago
8

Key West To Go, located in Key West, Florida, builds and sells scooters. These are sold to several local shops in the area, who

then rent the popular scooters to tourists. Key West To Go has just developed a new type of scooter called the Mini - designed for kids and teens. Certain issues with the manufacturing process had to be worked out, and consequently, it took Key West To Go 12 hours to build the first scooter. After that, however, the second scooter only took 10.8 hours to build and the third scooter 10.38 hours. Using the cumulative average-time learning model, what is the total time it would take to make four scooters?
a. 45.29 hours
b. 38.88 hours
c. 43.32 hours
d. 42.90 hours
Business
1 answer:
beks73 [17]3 years ago
3 0

Answer:

d. 42.90 hours

Explanation:

y = aQᵇ

y = average time to produce one more unit

a = the time it took to produce the first unit

Q = cumulative production

b = learning rate = [(log learning rate in %) / log 2] = -0.152003093

learning rate in % = 10.8 / 12 = 0.9 = 90%

cumulative quantity             average hours per unit               total hours

1                                                    12                                               12

2                                                   10.8                                            22.8

3                                                   10.38                                          33.18

4                                                   12 x 4⁻⁰°¹⁵²⁰⁰³⁰⁹³ = 9.72            42.90

You might be interested in
Cazden Motors' stock is trading at $30 a share. Call options on the company's stock are also available, some with a strike price
slava [35]

Answer:

d. If Cazden's stock price rose by $5, the exercise value of the options with $25 strike price would also increase by $5.

Explanation:

A call option confers a right, not an obligation upon the call buyer to buy a security at a pre determined price, known as exercise price or strike price at a future date.

A call buyer would exercise his right only in the scenarios wherein the strike price is lesser than the current market price on maturity.

Profit of a call buyer is given by = CMP as on expiry - Exercise/Strike price - Option premium paid

wherein CMP=  Current Market Price

A call option is "in the money" when it's strike price is less than it's current market price. In the given case, it means if the CMP today represents CMP upon expiry, call buyer would exercise his right and his gain would be $5 i.e $30 - $25.

Since the $25 exercise option is "in the money", an increase in stock price by $5 will also increase the strike price by $5.

 

8 0
3 years ago
The Cooper Furniture Company of Potomac, Maryland, assembles two types of chairs (Recliners and Rockers). Separate assembly line
ale4655 [162]
  • Direct costs are a price that can be linked directly to the manufacturing of certain goods or services.
  • The cost object can be connected directly to a service, product, or department.
  • Direct expenses often vary from different production levels, such example, inventories, which implies that they vary.
  • Direct costs vary in expenses directly related to variable manufacturing costs With a production unit With production unit, fixed costs do not fluctuate.

        D:\ DIRECT\ COST\\\\V: \ VARIABLE\ COST\\\\I: \ INDIRECT \ COST\\\\F:\  FIXED\ COST\\\\

Please find the complete solution in the attached file.

Learn more:

brainly.com/question/845815

4 0
3 years ago
Which of the following statements accurately brings out the difference between economies of scale and learning effects?
Andre45 [30]

Answer:

Learning effects occur over time, whereas economies of scale are captured at one point in time when output is increased.

Explanation:

Learning effect is defined as as the process by which education results in increased productivity and in turn higher wages. This process takes time because most specialised skills need to be learnt in a formal institution over time.

Economies of scale is defines as cost reduction that a company experiences when there is an increase in production. Fixed cost realised can be spread over a larger number of produced units. Economies of scale is captured at one point in time when output is increased.

5 0
4 years ago
As we use more and more of a product, we encounter ______________________.
Ne4ueva [31]

As we use much more of a product, we experience a diminishing marginal utility.

<u>Explanation: </u>

The Law of Marginal Benefit Declining says that somehow the marginal use of each extra unit declining rises as consumption. The limited utility is generated as the utility shift is absorbed by a supplementary unit. Utility is an economic principle used to describe pleasure or satisfaction.

For example, a person may purchase a certain brand of chocolate for a little while. Soon, they may buy too little and choose another type of chocolate or buy cookies alternatively, because the fulfilment they initially received from chocolate is declining.

4 0
3 years ago
On January 1, Mountbatten Corporation paid $18,000 for a year's advance rent on a building and recorded it as Rent Expense. The
chubhunter [2.5K]

Answer:

b. a credit to rent expense for $13,500

Explanation:

The computation is shown below:

Since there is an advance rent for $18,000 on Jan 1 and the adjusting entry would be made on March 31

So, the amount would be

= $18,000 - $18,000 × 3 months ÷ 12 months

= $18,000 - $4,500

= $13,500

This amount i.e $13,500 would be credited to rent expense

Hence, the second option is correct

5 0
3 years ago
Other questions:
  • Chambliss Corp.'s total assets at the end of last year were $305,000 and its EBIT was 62,500. What was its basic earning power (
    7·1 answer
  • Joe Jackson opened Jackson's Repairs, Inc. on March 1 of the current year. During March, the following transactions occurred and
    8·1 answer
  • The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of acco
    10·2 answers
  • Suppose you are willing to pay ​$1,000 for a​ low-quality used car and ​$8,000 for a​ high-quality used car. If there is a 60 pe
    9·1 answer
  • What is a line of credit and how does it work?
    13·1 answer
  • Suppose Miller Inc. is able somehow to reduce its fixed assets without affecting the company's operations, sales, net income, or
    5·1 answer
  • Minnesota Company has no beginning and ending inventories, and has the following data about its only product: Fixed manufacturin
    5·1 answer
  • In general, the ex-ante risk-return tradeoff
    15·1 answer
  • HELP!!! When consumers are in the _[blank]_stage of the buying process, they are trying to decide between a few different option
    8·1 answer
  • Carla vista co. received proceeds of 5585020 on a 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of 530
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!