<span>Initially at Merritt's Bakery, all the labor was divide between the owners Bobbie & Larry. As the bakery grew it expanded and there were more people hired on an involved in the labor division. As they grew, Larry & Bobbie split the work with employees which included a front store sales and service manager, someone in charge of baking production, someone in charge of cake decorating, and a market director.</span>
Productivity is the "rate" at which goods and services are produced based upon total output given total inputs.
<h3>What is rate pf productivity?</h3>
In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource. It is frequently determined for the economy as a ratio of hours worked to gross domestic product (GDP).
Labour productivity is calculated by the formula-
the labour productivity equation: total output / total input.
The residual of any discrepancy between the rate of output growth and the rate of input growth is used to calculate productivity growth.
To know more about the gross domestic product (GDP), here
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Answer: 75 days
Explanation:
The total customer-response time (CRT), will be calculated as:
Order received by the manufacturing department = 15 days
Add: Order put into production = 20 days
Add: Processing time = 25 days
Add: Shipping Time = 15 days
Total customer response time = 75 days
Korey's perceptual bias is the fundamental attribution.
Fundamental attribution occurs if an individual tries to explain the behavior of another person based on his/her personality, rather than based on the situation.
This type of bias is shown by Korey because he:
- Thinks the employee is lazy, which is related to personality features.
- He does not consider the situation or the fact the employee needs time to take care of the child, and it is not just avoiding work.
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Answer:
Current Year income = $3,960
Cash flow from operating activities = $12,000
Explanation:
The computation of net cash flows from operating activities is shown below:-
Consequently , the amount received was for 12 months of service in order to be allocated over 12 months and in those 12 months 4 months of income related to the current year and 8 months of income related to the following year.
Current Year income = Advance collection from customer × Four months ÷ Total number of months in a year
= $12,000 × 4 ÷ 12
= $3,960
Since the cash is collected in advance from the customer of $12,000 and the same is to be shown in the operating activities section of the balance sheet as a cash inflow
Cash flow from operating activities = $12,000
