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sladkih [1.3K]
3 years ago
13

A methods and measurements analyst needs to develop a time standard for a certain task. In a preliminary study, he observed one

of his workers perform this task five times, with the following results: Observation 1 2 3 4 5 Time (Seconds) 84 76 80 84 76 What is the standard time for this task if the employee worked at a 25 percent faster pace than average and an allowance of 20 percent of job time is used?
Business
1 answer:
CaHeK987 [17]3 years ago
3 0

Answer:

120 seconds (2 minutes)

Explanation:

Standard time = normal time + allowances

The normal time is computed using the following formula

normal time = observed time X ratings/100

observed time mean = (84+76+80+84+76)/5 = 80

A person who is 25% faster has a rating of 125%

normal time = 80 X 125/100 = 100 seconds

Allowances is calculated as a percentage of normal time

Allowance = 80 X 20/100 = 20 seconds

Standard time = 100 + 20 = 120 seconds

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For the following investments, identify whether they are: Trading debt securities. Available-for-sale debt securities. Held-to-m
AnnyKZ [126]

Answer:

(a) A bond that will mature in 4 years was bought 1 month ago when the price dropped. As soon as the value increases, which is expected next month, it will be sold.  - <u>Trading Debt Securities</u>

Trading debt securities such as these are held only for a short time before they are sold with the goal being short term profit.

(b) 10% of the outstanding stock of Farm-Co was purchased. The company is planning on eventually getting a total of 30% of its outstanding stock.  - <u>None of the Above</u>

This is an Equity Investment.

(c) Bonds were purchased in December of this year. The bonds are expected to be sold in January of next year.  - <u>Trading Debt Securities</u>

Like the bond in (a), this is being held for a short while only and then it will be sold so it is a Trading debt security.

(d) Bonds that will mature in 5 years are purchased. The company would like to hold them until they mature, but money has been tight recently and they may need to be sold.  - <u>Available-for-sale debt securities</u>

Available for sale debt securities are to be sold before maturity and therefore have no certain selling time. The bond above has no selling time as it might be sold at any point so it is an Available-for-sale debt security.

(e) Preferred stock was purchased for its constant dividend. The company is planning to hold the preferred stock for a long time.  -<u> None of the above.</u>

This is an Equity investment as well.

(f) A bond that matures in 10 years was purchased. The company is investing money set aside for an expansion project planned 10 years from now. - <u>Held-to-maturity debt securities.</u>

Held to Maturity bonds are bought with no intention of selling and the company hopes to hold them till they mature like this bond which will be held for 10 years.

7 0
2 years ago
In 2019, Dan transferred 5-year property to Fleck Corp. in a tax-deferred Section 351 transaction. Fleck took Dan's adjusted bas
irina1246 [14]

Answer:

The property will be depreciated using the remaining 3 years of its life after the tax-free incorporation transfer year.  This is because Dan had already depreciated the property for 2 years before the transfer.

Explanation:

Sec. 351 allows a tax-free incorporation transfer if certain requirements are met, including that the property must be transferred to Fleck Corporation by Dan in exchange for stock in Fleck Corporation, and, immediately after the exchange, the Fleck Corporation is in control.

7 0
3 years ago
Assume that the price for swimming pool maintenance services has risen and sales of these services have fallen. one can conclude
Scorpion4ik [409]
It can be concluded that the supply of swimming pool maintenance services has decreased. We can not say that <span>the demand for swimming pool maintenance services has increased.It is not accurate to say things like  the technology has advanced the swimming pool services. By means of the situation gievn, we can say that the maintenance services have decreased. </span>
6 0
3 years ago
In March, Stinson Company completes Jobs 10 and 11.
mario62 [17]

Answer:

The journal entries are as follows:

(i) On March 31,

Finished Goods A/c Dr. $56,400

           To Work in Process        $56,400

(To record the completion of the two jobs)

(ii) On March 31,

Cash A/c Dr. $38,000

  To sales                    $38,000

(To record the sale Job 10)

(iii) On March 31,

Cost of goods sold A/c Dr. $21,400

            To finished goods                 $21,400

(To record the cost of the job sold)

8 0
2 years ago
Journalize the entries to correct the following errors:
Rzqust [24]

Answer:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

Explanation:

Preparation of the entry to correct the following errors:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

($4410+$4410)

6 0
2 years ago
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