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Alexus [3.1K]
4 years ago
5

Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been coll

ected from time and motion studies conducted over the past month. Actual time spent on the brake repairs 5 hours Hourly wage rate $12 Payroll taxes 20% of wage rate Setup and downtime 11% of actual labor time Cleanup and rest periods 27% of actual labor time Fringe benefits 25% of wage rate Determine the standard direct labor hours per brake repairs.
Business
1 answer:
Inessa [10]4 years ago
6 0

Answer:

=7:30hours

Explanation:

Standard direct labor hours per brake repair

= 5 Hours+(5*11%+5*27%)

=5 Hours + (0.55 hours + 1.35hours)

=7:30hours

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What is the importance of TNC for developing countries?.
Volgvan

Transnational Corporations (TNCs) have been discovered to serve international economies by acquiring multinational managerial, technical, and behavioral skills and resources, and they have made significant contributions to the economic development processes of many developed and developing countries.

What impact do TNCs have on underdeveloped countries?

Concerns about the environment - TNCs can harm the atmosphere, water, and land. Many developing countries have less stringent pollution laws than developed countries.

Why are multinational firms crucial in a country's development?

They not only bring technological advancements, but also organizational structures. Other companies can raise their management levels because national standards rise once corporations begin operating in this country. Another role can be seen in the increased circulation of money in the economy.

Learn more about Transnational Corporations (TNCs)  to visit this link

brainly.com/question/4328180

#SPJ4

8 0
1 year ago
A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1
Dafna1 [17]

Answer:

YTM = 6.51%

YTC = 6.40%

Explanation:

We need to solve using excel goal seek or bond formulas to generate the yield (interest rate) which matches the future couponb and maturity payment with the current selling price of the bond:

Present value of the coupon

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 40.000 (1,000 x 8% / 2 payment per year)

time 28 (14 years x 2 payment per year)

rate 0.032529972 (generate using goal seek tool)

40 \times \frac{1-(1+0.0325299719911398)^{-28} }{0.0325299719911398} = PV\\

PV $727.8688

Pv of the maturity (lump sum)

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   28.00

rate  0.032529972

\frac{1000}{(1 + 0.0325299719911398)^{28} } = PV  

PV   408.06

PV c $727.8688

PV m  $408.0612

Total $1,135.9300

As this is a semiannual rate we multiply it by 2

0.032529972 x 2 = 0.065059944 = 6.51%

We repeat the procedure with changing the time and end-value to adjust for the callabe conditions:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 40.000

time 14 (7 years x 2 payment per year)

rate 0.032015131

40 \times \frac{1-(1+0.0320151313225188)^{-14} }{0.0320151313225188} = PV\\

PV $445.6984

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,073.00 (call price)

time   14.00

rate  0.032015131

\frac{1073}{(1 + 0.0320151313225188)^{14} } = PV  

PV   690.23

PV c $445.6984

PV m  $690.2316

Total $1,135.9300

Againg his will be a semiannual rate so we multiply by two:

0.032015131 x 2 = 0.064030263 = 6.40%

5 0
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
Some people argue that air is not an economic good. Explain why you agree or
adell [148]

Answer:

Answer:I agree with this statement to a certain degree as air cannot be brought and sold it’s the only thing that can’t be taken physically from someone even if you are poor or don’t own much money u are a blé to breath without the need to think of expenses

Explanation:

4 0
3 years ago
Kent is a salesman at a large water products distributor where all the decisions are made by the top levels of management. Howev
Gelneren [198K]

Answer:

Centralized Organization

Explanation:

Centralized organization can be defined as a hierarchy decision-making structure where all decisions and processes are handled strictly at the top or the executive level.

7 0
3 years ago
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