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jasenka [17]
3 years ago
10

Two workers have the job of placing plastic labels on packages before the packages are shipped out. The first worker can place 1

000 labels in 30 minutes. The second worker can place 850 labels in 20 minutes. Which worker is more productive?
Business
1 answer:
monitta3 years ago
3 0

Answer:

The correct answer is: The second worker.

Explanation:

Productivity is an economic term describing the relationship between outputs as compared to inputs needed to produce those outputs. It is a measure of efficiency. Typically inputs are raw materials, labor, and capital assets. Outputs are generally expressed as either revenue or total units of finished goods.

In the example, a form to measure each worker's productivity is comparing how many plastic labels they can place per hour. Thus:

  • Worker 1: <em>1000 per 1/2 hour (30 minutes) </em>
  • Worker 1: <em>2000 per 1 hour  </em>

  • Worker 2: <em>850 per 1/3 hour (20 minutes)</em>
  • Worker 2: <em>2550 per 1 hour </em>

Then, the second worker is more productive.

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Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest in a portfolio with an expected retur
Kazeer [188]

Answer: 28%

Explanation:

First, we have to make an assumption that the initial wealth is 100, then the weight of the risk free asset will be:

= Amount invested in risk free / Initial wealth

= -100/100

= -1

The weight of the portfolio will be calculated as:

= 1 - weight of risk free asset

= 1-(-1)

= 1 + 1

= 2

Therefore, the expected return on the resulting portfolio will be:

= 2 × 16 + [(-1) × 4]

= 32 - 4

= 28

5 0
3 years ago
Exercise 06-5 Absorption costing and variable costing income statements LO P2 Rey Company’s single product sells at a price of $
Andru [333]

Answer:

1. Income statement for the year

using Absorption Costing

Selling price ( 20,000 x $216 )                          $4,320,000

Direct materials ( 20,000 x $20 )   $400,000

Direct labor ( 20,000 x $28 )          $560,000

Variable overhead ( 20,000 x $6 ) $120,000

Fixed overhead                                <u>$160,000</u>

Total Production Cost                                      <u>($1,240,000)</u>

Gross Profit                                                        $3,080,000

Selling and Admin Expenses

Variable Cost ( 20,000 x $18)         $360,000

Fixed Cost                                        <u>$200,000</u>  

Total Period Cost                                              <u>($560,000)</u>

Operating Income                                             <u>$2,520,000</u>

2. Income statement for the year

using Variable Costing

Selling price ( 20,000 x $216 )                          $4,320,000

Direct materials ( 20,000 x $20 )   $400,000

Direct labor ( 20,000 x $28 )          $560,000

Variable overhead ( 20,000 x $6 ) $120,000

Variable Cost S&A ( 20,000 x $18) $360,000

Variable Production Cost                                 <u>($1,440,000)</u>

Contribution Margin                                          $2,880,000

Fixed Cost

Production overhead cost              $160,000

Fixed Cost S&A                               <u>$200,000</u>  

                                                                          <u>($360,000)</u>

Operating Income                                             <u>$2,520,000</u>

Explanation:

Variable and absorption costing income statement have difference of treatment of Variable and Fixed costs as production cost and period cost.

Variable costing consider all variable costs as production cost and Absorption costing consider all the cost incurred in production either variable or fixed as production cost.

3 0
3 years ago
Which of the following activities of the central bank do not constitute monetary​ policy? A. Monitoring key stock prices. B. Mon
charle [14.2K]

Answer: Please refer to Explanation

Explanation:

1. A. Monitoring key stock prices.

This does not fall under what the Central Bank does when Monetary Policy is implemented. Monetary Policy allows the government to influence interest rates, monitor financial institutions and indirectly control money supply.

2. Low and predictable levels of inflation.

Under the mandate of PRICE STABILITY, the Fed aims to ensure low and Predictable inflation in the long run to preserve the purchasing power of money.

3. Management of interbank transfers.

The Fed monitors and manages Interbank transfers to protect the financial system.

4. Management of Macroeconomic fluctuations.

- The Fed just embarked on monetary policy to correct the Economy. This was a Macro Economic function as it dealt with the entire economy as a whole.

5. Regulation

The Fed acts as the regulator of Banks and ensures that they follow certain practices and rules to ensure the safety of the banking system and the money belonging to the people who put it there.

5 0
4 years ago
The intended audience for the memo is___________.The tone of the memo should be________.Finally, the purpose of the memo is_____
amid [387]

The intended audience for the memo is <u><em>all company employees</em></u>. The tone of the memo should be <em><u>formal</u></em>. Finally, the purpose of the memo is <u><em>to make sure employees understand and follow the updated dress code</em></u>.

7 0
3 years ago
Based on predicted production of 21,000 units, a company anticipates $357,000 of fixed costs and $309,750 of variable costs. the
Alinara [238K]
Calculate fixed cost per unit
357,000÷21,000=17 per unit
Fixed cost for 19000 units
17×19,000=323,000

Calculate variable cost per unit
309,750÷21,000=14.75
variable cost for 19000 units
14.75×19,000=280,250

So the answer is
$323,000 fixed and $280,250 variable

Hope it helps!
8 0
3 years ago
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