Answer:
It is important for a manager/decision maker to have a good understanding of both of these approaches, because it is more beneficial if the manager/decision maker can combine the two approaches to the situation.
Explanation:
Answer:
d. 15 chairs/worker/day
Explanation:
Given that
Average of standard dining chairs = 450
Number of employees = 6
Number of days in a week = 5
So, The formula and the computation of the labor productivity of this operation is presented below:
Labor Productivity = Output ÷ Labor Input
where,
Output = 450 standard dining chairs
Labor output = 6 employees × 5 days in a week = 30
So, labor productivity is
= 450 ÷ 30
= 15 chairs per worker per day
Answer:
a. have been recorded on the company's books but not yet by the bank
Explanation:
The deposit in transit means the deposit is recorded in the book of the company accounts but the same is not recorded in the bank books of account unless when they are not deposited.
So while preparing the bank reconciliation statement, we added the deposit in transit and deduct the outstanding checks in the bank books of accounts
The borrower may chose to use the funds to invest in a business venture and thus be becomes an investor. Money is channeled through financial institutions such as banks. A saver saving with a bank account seeks to keep the money in the bank as it earns him interest.
You should make note of the fact that no bill was received but you did make the payment.
