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stealth61 [152]
3 years ago
8

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 19,200 uni

ts of output each month. However, it has an absolute maximum output capability of 23,000 units per month, and can produce as little as 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 13,280 units in October, what is the capacity utilization rate in October for this factory?
Business
1 answer:
icang [17]3 years ago
8 0

Answer:

69.17%

Explanation:

The capacity utilization rate measures how much actual output is being produced compared to the maximum output capability of the factory or machine, or in this case, the most efficient output.

It is calculated by dividing current output by maximum possible output = 13,280 units / 19,200 units = 0.6917 x 100 = 69.17%. It is generally shown as a percentage.

In this case, we are not using the total potential output (23,000 units) because the most efficient level is lower (19,200 units) and should generate higher profits.

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You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make 25 deposits in your bank, w
Rom4ik [11]

Answer:

First deposit will be $11,213.87

Explanation:

To derive how much the first deposit must be, the deposit can be derived by using payment formula for growing annuity

P = FV x (r - g) / [(1 + r)^n - (1 + g)^n]

When FV = $1,000,000

r = 7%

g = 3%

n = 25

Hence, First payment will be:

P = 1,000,000 * (7% - 3%) / (1.07^25 - 1.03^25)

P = 1,000,000 * 4% / 5.427433 - 2.093778

P = 40,000 / 3.333655

P = 11998.842

P = $11,998.84

However, this formula is applicable when the payments are made at the end of the year. In this case the payments are upfront, occurring today. We need to adjust this first payment to reflect the early payment.

Hence, first payment = $11,998.84  / (1 + 7%)

First payment =  $11,998.84  / (1 + 0.07)

First payment = $11,998.84  / 1.07

First payment = 11213.8691588785

First payment = $11,213.87

7 0
3 years ago
You will receive annual payments of $800 at the end of each year for 12 years. The first payment will be received in Year 3. Wha
Aneli [31]

Answer:

Option (d) $5,549.96

Explanation:

Data provided in the question:

Annual payments = $800

Time, n = 12 years

Discount rate, r = 7% = 0.07

Now,

PV2 = Annual payments × ((1 - (1 + r)⁻ⁿ)) ÷ r ) × (1 + r)

=  $800 × ( (1 - ( 1 + 0.07)¹²)) ÷ 0.07) × (1 + 0.07)

PV2 = $6,354.15

Therefore,

Present value today = PV2 ÷ (1 + r )²

= $6,354.15 ÷ (1 + .07)²

or

= $5,549.96

Hence,

Option (d) $5,549.96

3 0
3 years ago
Pierre's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $284,0
Anastaziya [24]

Answer:

11%

Explanation:

The computation of the annual rate of return is shown below:

Annual rate of return = Average annual income ÷average investment

where,

Average investment = (Initial investment + Salvage value) ÷ 2

= ($284,000 + $74,000) ÷ 2

= $179,000

And,

Average annual income is

= $60,490 - $40,800

= $19,690

So, the annual rate of return is

= $19,690 ÷ $179,000

= 11%

We simply applied the above formula

7 0
3 years ago
Mohit, an assembly line worker, had applied for a position in the production department of a food manufacturing company. During
lozanna [386]

Answer:

psychomotor test

Explanation:

Since the test enabled the examiners to test Mohit's hand–eye coordination and arm–hand steadiness. In this scenario, Mohit most likely took a psychomotor test.

<u>Psychomotor is the relationship between cognitive functions and physical movement. Psychomotor learning is demonstrated by physical skills such as movement, coordination, manipulation, dexterity, etc</u>

<u>Psychomotor test has to do with the origination of movement in conscious mental activity. </u>

<u />

5 0
3 years ago
The goal of libertarianism is to
Nutka1998 [239]

Answer:

c. punish crimes and enforce voluntary agreements but not to redistribute income.

Explanation:

Robert Nozick's full statement is "Government should punish crimes and enforce voluntary agreements but not redistribute income".

Libertarianism seeks "liberty". Off course their view of liberty only includes the good parts of liberty and government; government has to provide safety and security to the population but virtually nothing else. All the rest of any government's usual tasks are considered an invasion of privacy and the rights of individuals, e.g. no public education, no public health, no public services, only taxes that cover security related expenses, etc.

8 0
3 years ago
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