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jeka94
3 years ago
6

Carbondale Casting produces cast bronze valves on a 15​-person assembly line. On a recent​ day, 200 valves were produced during

a 4​-hour shift.
​a) Labor productivity of the line​ = ________ ​valves/labor hour ​(round your response to two decimal​ places).
Business
1 answer:
sladkih [1.3K]3 years ago
6 0

Answer:

3.33 valves/labor hour

Explanation:

Labor productivity refers to the number of goods produced with the employment of an hour into the production. It is calculated by dividing the number of goods produced by the number of labor hours employed.

Labor productivity of the line​:

= Number of valves produced ÷ (Number of labor hours in a shift × Number of persons in assembly line)

= 200 ÷ (4 × 15)

= 200 ÷ 60

= 3.33 valves per labor hour

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A house is sold on June 15.The annual taxes in the amount of $850 for the year have not been paid. What does the seller owe the
kolezko [41]

Answer:

The seller owe the buyer amounts to $384.25 at the closing

Explanation:

The amount to which the seller owe to the buyer at the closing is computed as:

= Number of days × Amount of taxes per day

= 165 × $2.3288

= $384.25

Working Note:

Number of days = January 1 - June 15

= 165 days

Amount of taxes per day = Annual taxes / Number of days in the year

= $850 / 365

= $2.3288 per day

(Jan. 1 - June 14 = 165 days. $850 / 365 = $2.3288 per day tax liability.165 days x $2.3288 = $384.25)

7 0
3 years ago
Select the true statement or statements regarding the loanable funds market. Foreign entities cannot save in the United States.
Shalnov [3]

<u>Solution: </u>

The following are the correct and incorrect options

<u>Correct option</u>: Households used to save and those savings are utilized for investment through the intermediaries like bank. Firms and governments take those funds for their investment acts.

<u>Correct option</u>: Foreigner can invest in the US (suppose foreign direct investment) but can’t save here, since there is difference in currency (suppose a foreigner earns in pond can’t save in US dollar).

<u>Other options are not correct: </u>

<u>Incorrect option</u>: Savings means personal savings, which are not yet kept into a bank.

<u>Incorrect option</u>: such purchases are investments but not savings.

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3 years ago
People in a certain group have a 0.60​% chance of dying this year. If a person in this group buys a life insurance policy for ​$
Nonamiya [84]

Answer:

Explanation:

The expected value is calculated by using the probability of each event. If the chance of dying is 0.60% then the chance living is 99.40%. The expect value formula is:

∑[(xi)*P(xi)] (for all i events).

In this problem we have two events: live or die. If the person dies the family receives $1,000,000 (X1=$1,000,000) and if the person lives the family receives $0 (X2=$0). The probability of receiving $1,000,000 is 60% (P(x1)=0.006) and the probability of receiving $0 is 99.40% (P(x2)=0.994)

Using the formula the expected value of the policy (without the insurance cost):

$1,000,000* (0.006)+ $0*(0,994)= $6,000

If we subtract the insurance value:

$6,000-$5,500= $500

5 0
4 years ago
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Answer:

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