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3 years ago

What is the multifactor productivity for Space Z Inc. using the following data?

Business

1 answer:

PtichkaEL [24]3 years ago

4 0

Answer:

multi factory productivity= 2.37

Explanation:

Giving the following information:

10,000 Units Produced

Sold for $10/unit

500 labor hours

Labor rate: $9/hr

Cost of raw material: $30,000

Overhead: $15,50

To calculate the multi factory productivity, we need to use the following formula:

multi factory productivity= output/ (labor + material + overhead)

multi factory productivity= (10,000*10) / (4,500 + 30,000 + 7,750)

multi factory productivity= 2.37

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A standard hour incentive plan is likely to be successful if :_________

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Answer: employees want the extra money more than they want to work at a pace that feels comfortable

Explanation:

A standard hour plan is based on the units that employees produce and once that unit is met, a set hourly wage is paid to the employees and an incentive can be given once the standard number of hours is exceeded.

It should be noted that a standard hour incentive plan is likely to be successful if employees want the extra money more than they want to work at a pace that feels comfortable. This will motivate them to work for extra hours since they want the extra money.

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Meaning of accounting

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<em>Accounting is the process of recording financial transactions pertaining to a business.</em>

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2 years ago

andre [41]

a) The determination of the optimal size of the order assuming an EOQ model for the local coffee shop is <u>265 pounds</u>.

b) The total cost in the new coffee shop where the demand for coffee increased to 4,000 pounds at an order size of 265 pounds per order (assuming a unit cost of $3 per pound) is <u>$253,500</u>.

<h3>What is the EOQ Model?</h3>

The economic order quantity (EOQ) model calculates the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.

It is determined using the following model:

EOQ = square root of: 2 (ordering costs)(demand rate) / holding costs.

Thus, the EOQ model can be worked out as follows:

Determine the demand units.
Determine the ordering cost.
Determine the holding cost.
Multiply the demand by 2.
Then multiply the result by the order cost.
Divide the result by the holding cost.

<h3>Data and Calculations:</h3>

a) The annual demand for coffee = 3,500 pounds

Holding cost per pound = $10

Ordering cost = $100

EOQ = square root of: 2 ($100 x 3,500) / $10

= 265 pounds

The annual demand for coffee = 4,000 pounds

Holding cost per pound = $60

Ordering cost = $100

EOQ (Order size) = 265 pounds

Assumed unit cost per pound = $3

The total cost in the new coffee shop = $

Annual holding cost = $240,000 ($60 x 4,000)

Annual ordering cost = $1,500 ($100 x 4,000/265)

Annual purchase cost = $12,000 (4,000 x $3)

Total costs = $253,500

Learn more about the economic order quantity at brainly.com/question/14625177

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1 year ago

Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops,

Studentka2010 [4]

Answer:

a commercial bank

Explanation:

A commercial bank is a deposit accepting institutions regulated by the central bank of a country. The banks play a crucial role in availing capital to businesses. They accept deposits in the form of savings from customers. They keep a small fraction(reserves) in their custody to cater for withdrawal and loan out the rest. Banks, therefore, pool resources together for businesses and households to borrow.

Since banks have a wide customer base, they are able to mobilize huge amounts of resources to loan out. Commercial banks are the best institution to issue a loan to Glenn and Maggie. Saving and loan, credit unions have a limited membership and may not have sufficient resources to issue a loan to Glenn and Maggie.

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2 years ago

Read 2 more answers

The government can use _____________ in the form of ____________________ to increase the level of aggregate demand in the econom

Naily [24]

The government can use <u>an expansionary fiscal policy </u> in the form of <u>an increase in government spending </u> to increase the level of aggregate demand in the economy.

<h3>How does Government Spending Affect the Economy ?</h3>

There is a high possibility that the rise in taxes will negate the impact of rising government spending which would leave Aggregate Demand (AD) unchanged. However, it is possible that increased spending and rise in tax could lead to an increase in GDP.

In a recession, consumers may reduce spending leading to an increase in private sector saving. Therefore a rise in taxes may not reduce spending as much as usual.

The increased government spending may create a multiplier effect. If the government spending causes the unemployed to gain jobs then they will have more income to spend leading to a further increase in aggregate demand. In these situations of spare capacity in the economy, the government spending may cause a bigger final increase in GDP than the initial injection.

However, if the economy is at full capacity, the increase in government spending would tend to crowd out the private sector leading to no net increase in Aggregate demand from switching from private sector spending to government sector spending.

<h3>Which type of policy does the governments adopt to increase the aggregate demand in the economy?</h3>

Expansionary fiscal policy increases the level of aggregate demand, either through increases in government spending or through reductions in taxes. Expansionary fiscal policy is most appropriate when an economy is in recession and producing below its potential GDP.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

The government can use _____________ in the form of ____________________ to increase the level of aggregate demand in the economy.

A. a contractionary fiscal policy; a reduction in taxes

B. an expansionary fiscal policy; an increase in corporate taxes

C. an expansionary fiscal policy; an increase in government spending

D. a contractionary fiscal policy; an increase in taxes

Learn more about Expansionary Fiscal Policy on:

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1 year ago