Answer:
The productivity increased from 0.89 carts pwe worker per hour to 0.93 arts per worker per hour.
Explanation:
5 worked make 80 carts per hour
Worker receive $10 dollar per hour = $50 dollars wages epxense
Machine cost $40 dollar per hour
A worked is crow-out from factory and the equipment cost increased by $10
The total cost still is $90 dollars but the output now is 84 carts
Labor Productivity (before purchase of new equipment)
80 carts
(5 wkrs .∗$ 10 per hr .)+$ 40
= 0.89 carts per worker per hour
Labor Productivity (after purchase of new equipment)
84 carts
(4 wkrs .∗$ 10 per hr .)+$ 50
= 0.93 carts per worker per hour
<u>Question missing:</u>
Compute labor productivity under each system (before and after the purchase of new equipment). <u>Use carts per worker per hour</u> as the measure of labor productivity.
Answer and Explanation:
The Journal entry is shown below:-
On August 2
Stock dividend Dr, $67,320 ($33,000 × 3% × $68)
To Stock dividend distributable $49,500 ($33,000 × 3% × $50)
To Paid in capital in excess of par - common stock $17,820
(Being stock dividend is recorded)
On September 15
No Journal entry is required
On October 8
Stock dividend distributable Dr, $49,500
To Common stock $49,500
(Being stock dividend is recorded)
Answer:
Simulated test markets.
Explanation:
During the market testing stage of the new-product process, a product may be tested multiple times with consumers to get their reactions with test marketing, one type of which is known as simulated test markets.
A simulated test market can be defined as a marketing research technique that involves the exposure of consumers to an unreal market in order to observe their reactions to a new product. It involves advertising in stages through a simulated market so as to determine a customer's purchase decision, forecast demand and market analysis for a new product.
Hence, a simulated test market is aimed at observing and analyzing potential customer's reaction to a new product before it's introduced to the market.
Answer:
Production Orientation
Explanation:
As the industrial revolution came to the United States, stringent economic conditions as a result of the period from the 1920s through the 1940s made so many organizations to fail despite the fact that they operated in a production orientation. This made companies to begin to search for other way to ensure the possibility of the exchange.
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