1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
postnew [5]
3 years ago
8

There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er

rors can be detected and eliminated. However, the inspector is paid $8 per hour and can inspect units in the process at the rate of 30 per hour. If no inspector is used and defects are allowed to pass this point, there is a cost of $10 per unit to correct the defect later on. Should an inspector be hired?
Business
1 answer:
xenn [34]3 years ago
5 0

Answer:

Yes the inspector should be hired

Explanation:

Defective average = 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost is $10 each

No inspection = 9/30

= 0.300

Inspector = 8/30

= 2.67

Yes the inspector should be hired

You might be interested in
As we’re well aware, vending machines are used to sell snacks and beverages, whereas newspapers are sold out of a box that allow
max2010maxim [7]

Answer:

Because people do not need a second newspaper, it will not bring any more information to their lives, rather than a second soda can or snack.

Explanation:

The law of diminishing marginal utility states that there are some products or services to which an increase in the consumption will not bring the same utility for the user as the right amount, for example, if you eat a slice of pizza, it will bring certain benefit, you'll be less hungry but if you eat 7 slices of pizza at some point you'll no longer be hungry and it will rather make you sick, in this case vending machines have a higher marginal utility, a person could drink 3 or 4 drinks or take 4 or 5 snacks before it makes them feel sick, whilst a person that buys a person buying a newspaper won't need a second one, even if it is for his/her family, a 5 people house has enough newspaper by taking 1 copy of it.

Other examples of this can be a vacuum cleaner, you don't need a second one if you already have one, or a house buying a second house ain't as necessary as the first one.

5 0
3 years ago
The majority if new business owners rely heavily on
Sidana [21]
The amount they have to pay there employes
4 0
3 years ago
A stock currently sells for $49. the dividend yield is 3. 8 percent and the dividend growth rate is 5. 1 percent. What is the am
tatyana61 [14]

If a stock currently sells for $49. tThe amount of the dividend that was just paid is $1.77.

A inventory is a fashionable term used to describe the ownership certificate of any business enterprise. A percentage, on the other hand, refers to the inventory certificate of a selected organization. maintaining a particular organization's percentage makes you a shareholder.

A coins dividend is the distribution of budget or cash paid to stockholders generally as a part of the employer's present day income or accrued income. cash dividends are paid at once in money, as opposed to being paid as a inventory dividend or other form of cost.

Dividend yield=Annual Dividend next year/Current price

Annual Dividend next year=(49*3.8%)=$1.862

Hene, the dividend just paid = Annual Dividend next year * Present value of discounting factor(    5.1%, time period)

⇒$1.862/1.051

⇒$1.77        (Approx)

Learn more about stock market here:-brainly.com/question/690070

#SPJ4

3 0
2 years ago
Which of the following best describes the concept of elastic demand?
Trava [24]
------------------elasticity of demand<span> measures the sensitivity of the quantity demanded to changes in the price</span>
4 0
3 years ago
Seidman Company manufactures and sells 20,000 units of product X per month. Each unit of product X sells for $17 and has a contr
True [87]

Answer:

Effect on income= $115,000 decrease

Explanation:

Giving the following information:

Fixed costs= $45,000

Number of units= 20,000

Unitary contribution margin= $8

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income=  decrease in fixed costs - decrease in contribution margin

Effect on income= 45,000 - 20,000*8

Effect on income= $115,000 decrease

4 0
3 years ago
Other questions:
  • Last year, which is used as the base year, a firm had cash of $52, accounts receivable of $223, inventory of $509, and net fixed
    10·1 answer
  • What benefit did seward see in acquiring alaska?
    12·1 answer
  • Which of the following creates a bull spread? A. Buy a low strike price call and sell a high strike price call B. Buy a high str
    8·1 answer
  • Effect of purchase returns and allowances and purchase discounts on the financial statements: Perpetual systemThe following even
    11·1 answer
  • On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The cu
    13·1 answer
  • Statistical quality control (SQC) is the process some managers use to continually monitor all phases of the production process t
    8·1 answer
  • Following is a portion of the investments footnote from Homer Corp. 2012 10-K. (in millions) 2012 Amortized cost of available-fo
    7·1 answer
  • A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $250 per day. Assume
    9·1 answer
  • The large percentage of population involved in agriculture in China indicates that most people consume an inadequate number of c
    5·1 answer
  • Need answer ASAP if in next 5mins I'll name first answer brainliest
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!