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SSSSS [86.1K]
3 years ago
15

A methods and measurements analyst for Timepiece, Inc., needs to develop a time standard for the task of attaching a watch to a

wristband. In a preliminary study, he observed one of his workers perform this task five times, with the following results:
Observation 1 2 3 4 5
Time (seconds) 27 19 20 21 13
1. What is the observed time for this task?

2. What is the normal time for this task if the employee worked at a 20 percent faster pace than average?

3. What is the standard time for this task if the employee worked at a 20 percent faster pace than average and an allowance of 20 percent of job time is used?
Business
1 answer:
velikii [3]3 years ago
8 0

Answer:

Check the following calculations

Explanation:

1. Observed Time for the task,

OT = Sum of Task Times / Total Number of Observations = (27 + 19 + 20 + 21 + 13) / 5 = 20 seconds.

2. Performance Rating, PR = 120% = 1.20

Normal time for the task, NT = Observed Time for the task (OT)  Performance Rating (PR) = 20 x 1.20 = 24 seconds.

3.  Performance Rating, PR = 120% = 1.20

Allowance for the task, Allowance = 20% = 0.20 (based on job time).

Standard time for the task

ST = Normal Time for the task (NT) * (1 + Allowance) = 24 x (1 + 0.20) = 28.8 seconds.

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kyoko owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in he
Kamila [148]

The above situation is an example of shoe leather cost of inflation.

A shoe-leather cost is what people pay when they frequently visit the bank to withdraw cash to use to pay for products in the wake of intense inflationary pressure. The term "shoe-leather cost" symbolizes all costs, including time spent, bank fees, brokerage fees and transportation costs.

High inflation discourages people from keeping large sums of cash on hand because the value of money rapidly depreciates during this time. More money is kept in banks by them. Additionally, repeated price increases force people to constantly withdraw money for transactional needs. Due to this, they frequently visit their bank to withdraw cash in order to pay for goods and services. These frequent journeys degrade their shoe leather, resulting in a 'shoe-leather cost.'

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5 0
2 years ago
Your client has been offered a 5-year, $1,000 par value bond with a 10 percent coupon. Interest on this bond is paid quarterly.
Serjik [45]

Answer:

$906.18

Explanation:

Step 1: Calculation of the present value of the coupon (PVC) cash flow

The formula for calculating the PV of an ordinary annuity is used as follows:

PVC = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)

Where;

PVC = Present value of the coupon (PVC) payment =?

P = Quarterly coupon amount = $1,000 × (10%/4) = $25

r = interest rate = 12% annual = 12% ÷ 4 quarterly = 3% or 0.03 quarterly

n = number of period = 5 years = 7 × 4 quarters = 28 quarters

Substitute the values into equation (1) to have:

PVC = 25 × [{1 - [1 ÷ (1+0.03)]^28} ÷ 0.03] = $469.10

Step 2: Calculation of the present value of the face value (PVFAV) of the bond

The simple PV formula is used as follows:

PVFAV = FAV ÷ (1 + r)^n ……………………………………. (2)

Where;

PVFAC = Present value of the face value of the bond = ?

FAC = Face value of the bond = $1,000

r and n are as already given in step 1 above

Substituting these values into equation (2), we have:

PVFAV = FAV ÷ (1 + 0.03)^28 = $437.08

Step 3: Calculation of the market price of the bond

Market price of the bond = PVC + PVFAC …………………………… (3)

From step 1, PVC is $469.10, and PVFAC is $437.08 from Step 2. We can them substitute for them  in equation (3) and have:

Market price of the bond = $469.10 + $437.08 = $906.18

Conclusion

Therefore, she should pay $906.18 for the bond.

5 0
4 years ago
A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the
Alex787 [66]

Answer:

9100

Explanation:

7 0
3 years ago
Mandi gets a call from her local car dealer. At the end of the call, the seller asks when Mandi wants to schedule an appointment
Gnesinka [82]

The scenario between Mandi and the car dealer is simply known as a assumptive close.

<h3>What is a assumptive close?</h3>

An assumptive close simply means when one assumes that a customer plans to buy a product and then encourages the person to do so.

In this case, the car dealer simply encouraged Mandi to purchase the car. This illustrates an assumptive close.

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4 0
3 years ago
A) According to the Small Business Administration, his business generates too much income to fit its definition of “smallness.”
mario62 [17]

Answer:

From what I can tell, C.

Explanation:

His business could generate up to $8M (3YA) and still be considered a small business. He only has three employees, so he's still small.

5 0
3 years ago
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