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Anvisha [2.4K]
3 years ago
11

In an initial survey designed to estimate the percentage of time air-express cargo loaders are idle, an analyst found that loade

rs were idle in 6 of the 45 observations.
a.What is the estimated percentage of idle time?
Business
1 answer:
oksian1 [2.3K]3 years ago
3 0

Answer:

13.3%

Explanation:

The time in which the employee are free or not working due to halt in operation or a process. The employee are ready for work in this time and waiting for operation to start.

According to the given data

Total observations = 45 observations

Number of observation that found loader idle = 6 observations

Percentage of idle time is the ratio of number of times labor found idle to total numbers of observations.

Estimated percentage of idle time = (6 / 45) x 100

Estimated percentage of idle time = 13.3%

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Veneer Company has two service departments and two producing departments. The number of employees in each department is: Personn
Vadim26 [7]

Answer:

$13,532 .00

Explanation:

The cost allocation is usually based on a measurable factor such as area occupied, number of students etc. The more the measurable factor related to a unit/department, the more the cost assigned to the departments on the basis of the size of the measurable value.

Total number of employees

= 640

the amount of cost allocated to Department B under the direct method would be

= 199/640 * $43,520

= $13,532

3 0
3 years ago
Gathering information with your eyes is called
Zina [86]
This is called, visual perception.
3 0
2 years ago
Read 2 more answers
An oligopoly a. is a type of imperfectly competitive market. b. has a concentration ratio of less than 50 percent. c. is a price
andrew-mc [135]

Answer:

Option A

is a type of imperfectly competitive market

Explanation:

<em>An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market. </em>

<em>Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their  products which are relatively differentiated products</em>

These firm together have a concentration ratio of more than 50% i.e they control more than 50% of  the entire market share.

Answer

is a type of imperfectly competitive market

7 0
3 years ago
Charter Company, which uses the perpetual inventory method, purchases different letters for resale. Character had a beginning in
Gnesinka [82]

Answer:

Cost of Goods sold is $29

Explanation:

Under the perpetual LIFO or Last In First Out method of inventory valuation, we value the Cost of Goods Sold based on the price of the most recently purchased inventory before sale. Thus the units of closing inventory contains the inventory that was purchased first.

The cost of goods sold under LIFO will be,

Beginning Inventory (9* 3)   = 27

Feb purchases (4 * 5)           = 20

Oct sales (4 * 5 + 3 * 3)         = (29)

Dec purchases (5 * 6)           = 30

Ending Inventory                  = 48

So, the cost of goods sold under perpetual LIFO will comprise of the most recently purchased inventory before sale. The most recently purchased inventory before October sale was of February purchases. Thus, out of the 7 units sold, 4 will comprise of the February purchases and the remaining, 3 units, will be from the beginning inventory.

The cost of goods sold is,

COGS = 4 * 5 + 3 * 3

COGS = 29

8 0
2 years ago
The following data were taken from Alvarado Company's balance sheet: Dec. 31, 2019 Dec. 31, 2018 Total liabilities $4,085,000 $2
Rudik [331]

Answer:

Dec. 31, 2019 Ratio to Liabilities to Owner's Equity = 0.95

Dec. 31, 2018 Ratio to Liabilities to Owner's Equity = 0.80

Explanation:

given data

Dec. 31, 2019

total liabilities = $4,085,000

Total owner's equity = 4,300,000

Dec. 31, 2018

total liabilities = $2,880,000

Total owner's equity =  3,600,000

to find out

Compute the ratio of liabilities to owner's equity

solution

we know that here Ratio to Liabilities to Owner's Equity is Total Liabilities divide Total Owner's Equity      ....................1

so

now put here value for both 2018 and 2019 from equation 1

so for Dec. 31, 2019

Ratio to Liabilities to Owner's Equity = \frac{4085000}{4300000}

Ratio to Liabilities to Owner's Equity = 0.95

and for Dec. 31, 2018

Ratio to Liabilities to Owner's Equity = \frac{2880000}{3600000}

Ratio to Liabilities to Owner's Equity = 0.80

6 0
2 years ago
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