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lina2011 [118]
3 years ago
8

A parcel delivery company delivered 103,500 packages last year, when its average employment was 86 drivers. This year the firm h

andled 112,500 deliveries with 93 drivers. What was the percentage change in productivity over the past two years?
Business
1 answer:
Shkiper50 [21]3 years ago
7 0

Answer:

0.514%

Explanation:

Productivity is defined as the number of deliveries divided by the number of drivers. Last year's productivity was:

P_L=\frac{103,500}{86}=1203.488

The productivity for the current year was:

P_C=\frac{112,500}{93}=1209.677

The percentage change in productivity (C) over the past two years IS:

C=\frac{P_C-P_L}{P_L}*100\%\\C=\frac{1,209.677-1,203.488}{1,203.488}*100\%\\C=0.514\%

There was 0.514% change in productivity over the past two years.

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A company has recorded the last five days of daily demand on its only product. Those values are 120, 125, 124, 128, and 133. The
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630 is the recorder point.

Safety stock is a term used by logistics personnel to describe additional inventory held to reduce the risk of stock-outs (shortages of raw materials or packaging) due to supply and demand uncertainties. Adequate safety stock allows business operations to continue as planned. Safety stock is held when demand, supply, or production is uncertain and acts as insurance against stockouts.

Safety stock is an additional quantity on hand to reduce the risk of an item being out of stock. This acts as a buffer stock in case sales are higher than expected or the supplier is unable to deliver additional units in the expected time.

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8 0
1 year ago
Shoshone County uses the consumption method to account for supplies. At the beginning of the year the City had no supplies on ha
zhuklara [117]

Answer:

Expenditures $300,000; Supplies inventory $150,000.

Explanation:

The consumption method recognizes an asset when an item is purchased and an expense when an item is used or consumed. Therefore, when supplies are first bought, Supplies Inventory has a balance of $450,000.

After using those supplies during the year, $300,000 should be debited from Supplies Inventory and credited to Expenditures.

Therefore, at fiscal year-end, the appropriate account balances on the General Fund financial statements would be: Expenditures $300,000; Supplies inventory $150,000.

3 0
3 years ago
Spicy Hot Dog Vendors, Inc., grants its agent Teona an exclusive territory in which to sell Spicy Hot Dog products. Spicy Hot Do
REY [17]

Answer:

Cooperation

Explanation:

When there is an agent working for a company they become in a team work; in this case Teona is working as a representative for Spicy Hot Dog Vendors, Inc. So there is not place for competence between them, they are offering the same products. Also, it is important to notice that the agent works to cooperate with the company and improve their sells in the existing market. If there is an established territory for each agent, te company has to respect it.

6 0
3 years ago
A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers
mojhsa [17]

Answer:

Inbound logistics

Explanation:

Inbound logistics is the process of obtaining raw materials, and other goods and services, to the firm, while outbound logistics is the process of delivering the final goods and services from the firm to the customers.

In this case, the retail company is engaging in inbound logistics because it is procuring the raw materials from local farmers. Once these materials reach the firm, it can transform them into the agricultural produce and consumer produce that it sells.

5 0
3 years ago
All of the following costs are likely to decrease as a result of better quality except:
swat32

Answer:

The correct answer is (d)

Explanation:

Better quality can help to reduce many costs such as customer’s dissatisfaction cost, inspection cost and warrant and service cost. When customers don't like the quality of the product they are likely to buy the same product from somewhere else that is the dissatisfaction cost. Still, maintenance cost is likely to incur no matter how good the quality is. Maintenance cost helps to keep the product clean and fresh for long-term use.

5 0
3 years ago
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