Answer:
A. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
- old system = 70 carts / 6 workers = 11.67 carts per worker
- new system = 76 carts / 5 workers = 15.2 carts per worker
B. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
- old system = 70 carts / ($108 + $30) = 0.51 carts per dollar
- new system = 76 carts / ($90 + $41) = 0.58 carts per dollar
C. Comment on the changes in productivity according to the two measures.
- The new system is more productive and efficient since it uses less workers to produce a higher output. The additional costs of implementing the new system are lower than the cost of employing more workers.
Explanation:
Multi factor productivity = total output / (cost of wages + material cost + overhead cost)
Answer:
The financial advantage over option 2 is $ 20 000 and $ 60 000 in total sales value.
Explanation:
The company has 2 options for the obsolete desk calculators. They can either upgrade them or sell them as they are. We need to compare the 2 options to evaluate their advantage or disadvantage.
To upgrade the calculators we need to spend $200000. However we will then be able to sell the calculators for $260000. This equates to a $60 000 gain
Under option 2 we will just sell the calculators as is for $ 40 000.
Option 1 is the better option. The financial advantage over option 2 is thus $ 20 000 and $ 60 000 in total.
Answer:
Revised balance = $8000
Explanation:
Milo Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 150 comma 000, and management estimates 4% will be uncollectible.
Milo Company's balance of Allowance for Uncollectible Accounts after adjustments, was $ 5 comma 000.
The following year, Milo Company wrote off $ 3 comma 000 of old receivables as uncollectible.
The Allowance account balance now will be:
Amount of Uncollectible Accounts for the year = 4% x $150,000 = $6000
Previous balance is $5,000 less amount written off $3000 = $2000
Revised balance = $6,000 + $2000 which is $8000
Usually, the people would determine the best economy of a country by its GDP or the Gross Domestic Product. The GDP is basically the total amount of goods and services that the country produces in monetary units. (Usually in dollars since that is the standard international rate). So basically, the more a country produces and exports, the higher his economy is. This is one of the basic measurements of how good an economy is doing.
Answer:
The correct answer is letter "D": common resources and private goods.
Explanation:
There are four types of goods: <em>private goods, public goods, common resources, </em>and <em>club goods</em>. Goods that are rival in consumption are those that cannot be used by the same person at the same time such as private goods -demand ownership- and common resources -air, for example.
