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vredina [299]
4 years ago
13

Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Chester has obtained a productivity

index of 109.4%. This means that Chester's labor costs would be increased by 9.4% if it did not have these productivity improvements. This is a competitive advantage that Chester can sustain or even widen further if its competitors have no HR initiatives. Now, refer to the Income Statement in Chester's Annual Report. How much did Chester's productivity improvements save it in direct labor costs (in thousands) last year?
a) $3,143
b) $3,065
c) $29,809
d) $821
Business
1 answer:
Reil [10]4 years ago
3 0

Note:

I wasn't able to access the Chester Income Statement but I successfully accessed a similar question Digby.

The Complete Question is as under:

Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Digby has obtained a productivity index of 109.6%. This means that Digby's labor costs would be increased by 9.6% if it did not have these productivity improvements. This is a competitive advantage that Digby can sustain or even widen further if its competitors have no HR initiatives. Now, refer to the Income Statement in Digby's Annual Report. How much did Digby's productivity improvements save it in direct labor costs (in thousands) last year?

A. $766

B. $29818

C. $3137

D. $3211

Answer:

Option D. $3,137

Explanation:

The Productivity Index of 9.6% shows that if the improvement plan is implemented then the efficiency gains would result in saving of 9.6% of total direct cost. So if we total the direct cost for the year for all of the four products then we have an amount of $32,680 which is given at the second last column.

The amount saved last year would be:

Savings = $32,680 * 9.6% = $3,137

Hence the option C is correct here.

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Which of the following provides the best example of a systematic-risk event? A. A strike by union workers hurts a firm's quarter
shutvik [7]

Answer:

C.

Explanation:

From the various options listed, the one that would be considered a systematic-risk event would be if the Federal Reserve increases interest rates 50 basis points. This is mainly because this event would cause various entire markets to be affected, as increasing the reserve interest rates causes the value of the country's currency to devalue and become more expensive to make purchases as well as obtain loans. Therefore affecting a wide range of entire markets throughout the country.

8 0
3 years ago
Which market structure has a single company or seller in a market with many barriers to entry
yawa3891 [41]

Answer:

Monopoly

Explanation:

Monopoly is a form of market structure when a particular company dominate the market of a particular product leaving room for little or no competition.

3 0
3 years ago
Ivy is investing in a home cleaning franchise called HomeKeepers. At her first interview with the franchisor's selling agent, sh
evablogger [386]

Answer:

A royalty is a fee that the franchisee has to pay the franchiser for trading under its name.

Explanation:

A franchise operation is when one party (franchiser) allows another party (franchisee) access to it’s proprietary knowledge, trademark and processes in order to allow the party to sell a product or provide a service under the business’s name. A common example of a franchise operation are KFC outlets across the globe.

A royalty fee is a fee that the franchisee has to pay the franchiser on a common basis such as quarterly or annually for trading under its name. It is generally calculated as a percentage of gross sales. In this case the royalty fee would be 5% of gross sales.

4 0
3 years ago
In enterprise systems, supply chain management is tied to the conversion of ______ to finished product
Sveta_85 [38]

In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.

<h3>What are raw materials?</h3>

This are materials that are used in production process to manufacture a product.

Raw materials are often transformed to finished product that is purchased by consumers.

Supply chain monitor the activity of converting raw material to finished product.

Therefore, In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.

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3 0
2 years ago
EA6.
vodomira [7]

Answer:

$750

Explanation:

The formula for determination of beginning inventory is given below:

Cost of goods sold=opening inventory+purchases-closing inventory

Cost of goods sold=$2,000

Purchases=$2,250

closing inventory=$1,000

Opening inventory=Cost of goods sold+closing inventory-purchases

                             =2,000+1,000-2,250

                             =$750

6 0
3 years ago
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