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RUDIKE [14]
4 years ago
12

In December ,General Motors produced 7,200 customized vans at its plant in Detroit. The labor productivity at this plant is know

n to have been 0.10 vans per labor hour during that month, 340 laborers were employed at the plant that month.A. In the month of December the average number of hours worked per laborer?B. If productivity was increased to 0.15 vans per hour, the average number of hours worked per laborer?
Business
1 answer:
sweet [91]4 years ago
4 0

Answer:

A) The number of hours per worker during December= 211,76 hours

B) The number of hours per worker during December=141,18 hours

Explanation:

In December, General Motors produced 7,200 customized vans at its plant in Detroit.

The labor productivity at this plant is known to have been 0.10 vans per labor hour during that month

340 laborers were employed at the plant that month.

A)

Considering that each worker produces 0,10 van an hour.

340workers*0,10=34vans per hour

The number of hours per worker during December= 7200vans/34vans= 211,76 hours

B) Labor productivity increases to 0,15 vans per hour per worker.

340workers*0,15= 51vans/hour

The number of hours per worker during December= 7200vans/51= 141,18 hours

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At October 1, 2015, Padilla Industries had an accounts payable balance of $40,000. During the month, the company made purchases
Evgesh-ka [11]

Answer:

The amount of account payable on October 31, 2015 would be $25,000.

Explanation:

Given information -

Opening account payable balance on October 1 - $40,000

Purchase made in the month of October is - $33,000

Now by adding both the opening balance and purchase , we will get the total amount to be payable for the month of October,

$40,000 + $33,000

= $73,000

Now it is given that Padilla industries have made some payments on account - $48,000

Subtracting this amount paid from total account payable , we will get how much amount is left to be paid in October ( 31 )

$73,000 - $48,000

= $25,000

7 0
3 years ago
Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 50 billion cases of cola were sold ever
Georgia [21]

Answer:

U.S. Tax Burden on Cola:

The amount of the tax on a case of cola is $4 per case. Of this amount, the burden that falls on consumers is $1 per case, and the burden that falls on producers is ___$3______ per case.

The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.

a. True

b. False

Explanation:

The tax burden on consumers, which is represented by the difference in the price of cola from $5 to $6 per unit is $1 ($6 - $5).  However, the cash received by producers reduced by $3 from $5  to $2.  This shows that the total tax burden on both consumers and producers is $4 ($1 + $3).

This represents a total tax burden of $4 or about 67% based on the new selling price of cola or 80% based on the old selling price of cola.

"The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers alone.   This because the price of cola would have increased to $9 per unit.  Since the demand for cola in this instance is elastic, this change in price would have caused a more than 80% change in the quantity demanded.

4 0
4 years ago
Why might you wsnt to invest in Officemax give reasons
Firdavs [7]
Better school supplies and better paper and printers to
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4 years ago
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If a firm invests amount P0 at an interest rate of​ r%, then a year later invests amount P1 at the same​ rate, then the total am
Yuki888 [10]

Answer:

interest rate = 5.01%

Explanation:

a (1+r)^{2} + b (1+r) = c

p0= a = 1000

p1= b = 2400

amount = c= -3623

rate = ?

Because the first amount is investment for a period of 2 years, and the second 1 year, we can solve for rate using the quadratic equation:

x = \frac{ - b +/- \sqrt{b^{2} - 4ac} }{2a}

1000 (1+r)^{2} + 2400 (1+r) = 3623

1000 (1+r)^{2} + 2400(1+r) - 3,623 = 0

A = 1000

B = 2400

C = -3623

x = \frac{ - 2400 \sqrt{2400^{2} - 4*1000*-3623} }{2*1000}

x1 = 1.0501111083677623

x2 = -3.4501111083677625

We use the positive root:

x1 = 1.0501111083677623 = (1+r)

1.0501111083677623 - 1 = r = 0.0501111 = 5.01%

EDIT several problems with the math tool but kind of worked

8 0
4 years ago
calculate the price elasticity of demand when the price of a barrel of gosum berries rises from $10 to $20. What kind of elastic
Advocard [28]

Answer:

PED = -0.176 or 0.176 in absolute terms. It is price inelastic, since PED < 1.

Explanation:

the quantity demanded for a price of $10 is 900 barrels.

the quantity demanded for a price of $20 is 800 barrels.

Using the midpoint method for calculating PED:

PED = {(Q2 - Q1) / [(Q2 + Q1) / 2]} / {(P2 - P1) / [(P2 + P1) / 2]}

PED = {(800 - 900) / [(800 + 900) / 2]} / {($20 - $10) / [($20 + $10) / 2]}

PED = (-100 / 850) / ($10 / $15) = -0.1176 / 0.6667 = -0.176

Price elasticity of demand measures how much does the quantity demanded of a good or service vary as a result form a 1% change in its price.

  • PED < 1, price inelastic. A 1% change in price will result in a proportionally smaller change in quantity demanded.
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  • PED = 1, price unitary. A 1% change in price will result in a proportionally equal  change in quantity demanded.

7 0
4 years ago
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