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8_murik_8 [283]
4 years ago
13

There are three consecutive steps in a customer service process. The first two steps are each capable of serving 25 customers pe

r hour while the third step can process only 20 customers per hour. How do you describe this system ?
Business
1 answer:
MakcuM [25]4 years ago
3 0

Answer:

If the first two steps are run at full​ capacity, then the third step has a waiting line.

Explanation:

Waiting line is defined as a line of people or vehicles waiting for something. Hence, if the first two step runs in a full capacity been able to serve 25 customers per hour. Meaning for each hour 50 customers will be attended to by the two, then the third will surely be on a waiting line.

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Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27,000 units of Clubs, which retails
Darina [25.2K]

Question Completion:

Find the gross profits for Diamonds and Cards

Find the total gross profit

Answer:

Five Card Draw

                               Diamonds          Clubs           Total

Gross profit          $1,632,000     $1,188,000  $2,820,000

Explanation:

a) Data and Calculations:

                                                  Diamonds       Clubs           Total

Units manufactured and sold     24,000        27,000        51,000

Retail price                                    $180            $190

Sales revenue                          $4,320,000   $5,130,000 $9,450,000

Direct materials cost per unit       $25              $30

Labor rate = $25 per hour

Direct labor hours per unit              3                  4

Total direct labor hours              72,000       108,000       180,000

Estimated overhead = $720,000

Predetermined overhead rate = $4 ($720,000/180,000) per DLH

Overhead allocation                $288,000     $432,000     $720,000

Total direct materials costs    $600,000      $810,000    $1,410,000

Total direct labor costs         $1,800,000  $2,700,000  $4,500,000

Total costs of production     $2,688,000 $3,942,000  $6,630,000

Income Statement:

                                                  Diamonds       Clubs           Total

Sales revenue                       $4,320,000   $5,130,000  $9,450,000

Total costs of production     $2,688,000  $3,942,000  $6,630,000

Gross profit                           $1,632,000     $1,188,000  $2,820,000

3 0
3 years ago
list three examples of human capital you would like to develop and specifically how you might be able to develop it
Gnesinka [82]

Answer:

Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.

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3 0
2 years ago
You expect to receive a payment of £1,000,000 in British pounds after six months. The pound is currently worth $1.60 (i.e., £1 $
zhannawk [14.2K]

Answer:

a) Expected payment in dollars is $1,600,000

b) $1,560,000

c) Loss is -$250,000

d) Loss would be $40,000

e) If after hedging the price falls to $1.35, the contract amount would still not change.

f) If after hedging the price rises to $1.80, the contract amount would still not change.

g) Loss would be $200,000

Explanation:

You expect to receive a payment of £1,000,000 in British pounds after six months.

The pound is currently worth $1.60, i.e., £1 = $1.60

Six-month future price is $1.56, i.e., £1 = $1.56

a) At £1 = $1.60 current price, expected payment of £1,000,000 in dollars

= £1,000,000 × $1.60 = $1,600,000

b) At £1 = $1.56 future price, expected payment of £1,000,000 in dollars

= £1,000,000 × $1.56 = $1,560,000

c) If after six months, £1 = $1.35, expected payment of £1,000,000 in dollars

= £1,000,000 × $1.35 = $1,350,000

Therefore, loss =  $1,350,000 - $1,600,000  = -$250,000

d) Present price at $1.60 delivery = $1,600,000

Future price at $1.56 delivery = $1,560,000

Loss = $1,600,000 - $1,560,000 = $40,000

g) Present price at $1.60 delivery = $1,600,000

Future price at $1.80 = $1,800,000

Loss = $1,800,000 - $1,600,000 = $200,000

8 0
3 years ago
A change in an accounting estimate is:__________
PilotLPTM [1.2K]
B

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3 0
3 years ago
Middle management is the intermediate management level accountable to top management and responsible for leading lower level man
Dimas [21]

Answer:

Middle Management

Which is not a typical function:

Middle management may be reduced in organizations as a result of reorganization. Such changes can take the form of downsizing," delayering," and outsourcing.

Explanation:

Options:

1. Middle management is at the center of a hierarchical organization, subordinate to the senior management but above the lowest levels of operational staff.

2. Middle managers are accountable to top management for their department’s function. They provide guidance to lower-level managers and inspire them to perform better.

3. Middle managers balance a functional or technical understanding of those who report to them with the interpersonal skills of a manager. This form of leadership requires a strong ability to communicate, mentor, train, hire, organize, optimize processes, and prioritize.

4. Middle-management functions generally revolve around enabling teams of workers to perform effectively and efficiently and reporting these performance indicators to upper management.

5. Middle management may be reduced in organizations as a result of reorganization. Such changes can take the form of downsizing," delayering," and outsourcing.

The last option (No. 5) is certainly not a function of middle management.  It is what happens to middle management during reorganization.

3 0
3 years ago
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