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Y_Kistochka [10]
4 years ago
15

An electronics company makes devices for two different federal agencies. The company just completed the two contracts. The Homel

and Security contract was for 2,200 devices and took 27 workers two weeks (40 hours per week) to complete. The DEA contract was for 5,454 devices that were produced by 35 workers in three weeks. Calculate the productivity for the Homeland Security contract in units produced per labor hour. (Round your answers to 2 decimal places.)
Business
1 answer:
prohojiy [21]4 years ago
8 0

Answer: 1.02 unit per hour

Explanation: total unit of devices for homeland security is 2200 units

Total labourer = 27 people

Total hour for two weeks = 40 × 2 = 80

Productivity per hour = devices number/total hour 2200/ 80 = 27.5

productivity for the Homeland Security contract in units produced per labor hour = 27.5/27 = 1.0185 = 1.02

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Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, 2018. The stock was issued a
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Astro Corporation Income Statement

Revenues                              $31,000

<u>Expenses                              ($17,100)</u>

Net profit                               $13,900

Astro Corporation Statement of Changes in Shareholder Equity

                             Common stock      APIC        Ret. earnings     Total

Balance Jan. 1          $10,000            $14,000                            $24,000

Net income                                                            $13,900         $13,900

<u>Dividends                                                              ($2,000)        ($2,000)</u>

Balance Dec. 31      $10,000            $14,000       $11,900        $35,900

Astro Corporation Balance Sheet

<u>Assets</u>                                               <u>Liabilities</u>

Cash $35,900                                     $0

                                                         <u>Shareholders' equity</u>

                                                         Common stock $10,000

                                                         APIC $14,000

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Total $35,900                                  Total $35,900

Astro Corporation Statement of Cash Flows

<u>Cash flows from operating activities:</u>

Revenues                                       $31,000

Expenses                                        ($17,100<u>)</u>

     Cash from operating activities      $13,900                  

<u>Cash flows form financing activities:</u>

Stock issuance                               $24,000

Dividends paid                               ($2,000)

     Cash from financing activities      $22,000    

Net increase in cash                           $35,900

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