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dexar [7]
4 years ago
13

Lake Charles Seafood makes 550 wooden packing boxes for fresh seafood per​ day, working in two​ 10-hour shifts. Due to increased

​ demand, plant managers have decided to operate three​ 8-hour shifts per day instead. The plant is now able to produce 700 boxes per day.
Required:
a. Before the change in work rules, the company's productivity per day
b. Based on the changes made, the percent increase in productivity
c. If production is increased to boxes per day (with the three 8-hour shifts), the new productivity equals
Business
1 answer:
Mashcka [7]4 years ago
5 0

Answer:

a. Before the change in work rules, the company's productivity per day

= 550 packing boxes / 20 hours = 27.5 packing boxes per hour

b. Based on the changes made, the percent increase in productivity

productivity after the change = 700 packing boxes / 24 hours = 29.17 packing boxes per hour

productivity change = (29.17 - 27.5) / 27.5 = 6.07%

c. If production is increased to boxes per day (with the three 8-hour shifts), the new productivity equals

700 packing boxes per day (prior productivity of 550 packing boxes per day, which represents a 27.27% increase)

productivity = output / unit of time

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3 years ago
The following information is available for Montrose Company at December 31: Cash in bank account $ 8,540 Petty cash $ 250 Short-
ANEK [815]

Answer:

Cash $10,430 ; Cash equivalents $20,400

Explanation.

Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.

It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.

Solution.

$

Cash in bank. 8,540

Petty cash. 250

Check from customer. 1,350

Money order. 290

Cash. 10,430

The check has a very short maturity period since it will clear within 3-4 working days.

Money order can be cashed immediately .

Therefore;

Cash value is $10,430

For cash equivalent,

Cash equivalent = Money market fund balance + Treasury bills maturing in 60days

Cash equivalents = $10,400 + $10,000

=$20,400.

The amounts considered as cash and cash equivalents as of 31 December are ;

Cash $10,430 , $20,400 respectively.

8 0
3 years ago
Which of the following is NOT a necessary condition for oligopoly? differentiated products barriers to entry strategic dependenc
stepladder [879]

Answer:

differentiated products.

Explanation:

An oligopoly occurs when a few large firms dominate a market and they aim to maximise profit. The action of one firm has significant effect on the market, so the firm's are interdependent.

There are high barriers to entry including use of government liscences, patents, economies of scale, and actions taken by firms to discourage entry into the market.

However differentiation of products is not a necessary condition for oligopoly. Products can be homogenous or differentiated.

8 0
3 years ago
Select all that apply.
ahrayia [7]

Answer:

The answer is A.

Explanation:

B doesnt make much sense and C is just plain stupid

8 0
4 years ago
Budweiser is well known for the use of humor in its ad campaigns for Bud Light beer. Based on the use of humor in advertising fo
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Answer:

Explanation:

Low involvement. The major reason for the advertisement is not so that there will be high involvement buyer, with information about the product (beer) to be produced deeply to form strong attitudes, but the advertisement is basically for entertainment and also so that good feeling can be associated about the advert and product (beer). In fact the major disadvantage about the use of humour in advert is that people can remember the advert and forget the brand or product been advertised.

4 0
3 years ago
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