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LuckyWell [14K]
3 years ago
7

A company offers ID theft protection using leads obtained from client banks. Three employees each work 40 hours a week on the le

ads. These employees are each paid $25 per hour. Each employee identifies an average of 3,000 potential leads a week. There are no duplications in these three lists. Material costs are $1,000 per week, and overhead costs are $9,000 per week. An average of 4 percent of the potential leads actually sign up for the service, paying a one-time fee of $70. Consider the output as the fees generated. a) What are the labor hours productivity and the multifactor productivity for this operation
Business
1 answer:
Keith_Richards [23]3 years ago
6 0

Answer:

Output = 4%*3000 * $70 * 3

Output = $25,200

Labor hours productivity = Output / Labor hour

Where Labor hour = 3 * 40 hours = 120 hours

Labor hours productivity =  $25,200 / 120 hours

Labor hours productivity = $210 per labor hour

Multi factor productivity for this operation = Output / Multi factor input

Where Multi factor input = 120*$25 + $1,000 + $9,000 = $13,000

Multi factor productivity for this operation = $25,200 / $13,000

Multi factor productivity for this operation = 1.938462

Multi factor productivity for this operation = 1.94

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When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and _____?
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When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability

3 0
3 years ago
All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEP
trasher [3.6K]

Answer:

B) GNMAs are considered to be the riskiest of the agency issues

Explanation:

The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.

Ginnie Mae basically guarantees mortgages using federal funds (from Federal Housing Administration and Department of Veterans Affairs).

3 0
3 years ago
Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entri
Mnenie [13.5K]

Answer:

$97,600

Explanation:

First, we need to get the value for uncollectible in accounts receivable

= 2% Multiplied by balance in accounts receivable as uncollectible

= 2% × 100,000

= $2,000

We will then subtract the balance above which is the uncollectible from the accounts receivable

= $100,000 - $2,000

= $98,000

The net realizable value would the be ;

= $98,000 - $400

= $97,600

8 0
3 years ago
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm’s Houston plant: Work-in-proce
Mandarinka [93]

Answer:

1. Using the Weighted-average method

Total equivalent units of a cost product = A + B * C

Where:

A = units transferred to the next department or finished goods (completed)

B = units in work-in-progress at the closing time of time period

C = percentage of completion with respect to the product

Equivalent units of Direct materials = 5,580,000 + (3,090,000 × 40%) = 6,816,000 gallons.

Equivalent units of Conversion = 5,580,000 + (3,090,000 × 60%) = 7,434,000 gallons.

2. Using the FIFO method  

Equivalent Units of Production = equivalent units to complete beginning inventory + units started and completed during the period + equivalent units in ending work in process inventory.

where;

Equivalent units to complete beginning inventory = units in beginning inventory × (100 percent − percentage completion of beginning inventory).

For Direct Materials;

Thus, Equivalent units to complete beginning inventory =

4,800,000 × (100 - 50%) = 2,400,000 gallons

Equivalent Units of Production = 2,400,000 + (5,580,000 × 40%) + 3,090,000 = 7,722,000 gallons

For Conversion;

Thus, Equivalent units to complete beginning inventory =

4,800,000 × (100 - 20%) = 960,000 gallons

Equivalent Units of Production = 960,000 + (5,580,000 × 60%) + 3,090,000 = 4,050,000 gallons

6 0
3 years ago
Read 2 more answers
In the study of internal control, the auditor uses sampling to compare the __________ to the __________.
Arturiano [62]

In the study of internal control, the auditor uses sampling to compare the adjusted estimate of the deviation rate to the tolerable rate of deviation.

How Do Internal Controls Work?

A plan of structure, processes, and records that are concerned with the security of assets and the accuracy of financial records are together referred to as internal controls.

Fundamentals of Internal Control Systems

A firm's unique information requirements should be taken into account when designing an internal control system. As a result, the system might be anything from a straightforward manual system to a sophisticated computerized online system with remote terminals dispersed all over the nation. The accounting system must process data effectively, precisely, and promptly whether it is electronic or manual. An internal control system that has been carefully thought out is at the core of any well-designed accounting system.

Protecting the assets under management's control is one of their main duties.

to know more about  Internal Control Systems

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5 0
1 year ago
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