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Leya [2.2K]
3 years ago
14

The staff training center at a large regional hospital provides training sessions in CPR to all employees. Assume that the capac

ity of this training system was designed to be 1200 employees per year. Since the training center was first put into​ use, the program has become more​ complex, so that 1050 now represents the most employees that can be trained per year. In the past​ year, 950 employees were trained. The efficiency of this system is approximately​ ________ and its utilization is approximately​ ________.
Business
1 answer:
FinnZ [79.3K]3 years ago
8 0

Answer:

Efficiency of the system is 90.48% and Utilization is 79.17%

Explanation:

Given parameters:

Designed capacity, D.O = 1200 employees per year

Effective capacity, E.O = 1050 employees per year

Actual trained output, A.O = 950 employees

Efficiency and Utilization are both measures of performance of a system.

Efficiency is the ratio of the actual trained output to the effective capacity.

Efficiency = \frac{A.O}{E.O} * 100

Utilization is a ratio of the actual output to the total designed capacity.

Utilization = \frac{A.O}{D.O} * 100

Inputting the values,

Efficiency = \frac{950}{1050} * 100 = 90.48%

Utilization = \frac{950}{1200} * 100 = 79.17%

Hence, Efficiency of the system is 90.48% and Utilization is 79.27%.

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refer to the accompanying national income data (in billions of dollars). the gross domestic product for this economy is
jeka94

Answer: $623 billion

Explanation:

Gross Domestic Product refers to the final value of the goods and services produced within a country in a certain period which is usually a year.

It can be calculated by several approaches with one of them being the Expenditure approach.

The formula is:

= Consumption + Investment + Government spending + Net exports

= 400 + 88 + 128 + 7

= $623 billion

4 0
3 years ago
In economics, what is meant by "optimal decisions are made at the margin?" The concept of the margin was initially developed in
Ivahew [28]

Answer:

The idea of the margin is related to making decisions while thinking about the benefits and costs of small changes in behavior.

Explanation:

Economic theory suggests that economic agents (firms, consumers and government) think on the sidelines. This means that decisions are made taking into consideration the benefits and costs of each choice. For example, for a firm to increase a unit of production (marginal unit) it will calculate the cost of production of that unit (marginal cost) and the profit that additional unit will generate (marginal benefit).

7 0
3 years ago
Benson Corporation manufactures car stereos. It is a division of Berna Motors, which manufactures vehicles. Benson sells car ste
Alla [95]

Answer:

Potential loss to the whole corporation = $(60,000)

Explanation:

The Benson  Division is operating at full capacity, hence it has no excess capacity .

This implies that it can not produce enough to meet both demand of  internal and external buyers.

<em>Hence, Benson Division  cannot accommodate the demands of the Berna Division at a price lower than the external price, because it will result to a loss in contribution.</em>

To maximize and optimize the group's profit in this scenario, the minimum transfer should be:

Minimum transfer price = External selling price - savings in selling cost resulting from in internal transfer

= $86-3= 83

Minimum transfer price = $83.

Effect on Group's profit

<em>Any unit transferred at a priced lower than $83 would result in a unit loss to the Benson Division equal to $83 minus the transfer  price.</em>

<em>Any unit transferred to Berna at a price lower that its current purchase cost would save the division an amount equal to the current purchase cost  minus the forced transfer price.</em>

The potential loss to the organization as a whole would be computed as the net effect of the following:

Lost contribution by Benson : The difference between the Minimum transfer price and the transfer imposed by the group company multiplied by the quantity transferred.

Savings made by the Berna Division : The difference between the forced transfer price and current purchase of Berna.

We can summarize the effect of the forced transfer price on the whole corporation as follows:

Lost contribution per unit = 83 - 35= 48 .

Savings made per unit = 80 - 35 = 45

                                                                                       $

Total lost contribution by Benson

(48 × 200,000)                                                         (960,000)            

Savings made by Berna as result of the transfer

(45 × 200,000)                                                          <u>900,000</u>

Potential loss to the group                                       <u> (60,000)</u>

Potential loss to the whole corporation = $(60,000)

5 0
3 years ago
Lila tells her friend Joanne that she will give her $10,000 toward the purchase of a new car. Lila later changes her mind, and J
vivado [14]

Answer:

"A" option is correct

Explanation:

In this case, the other party didn't agreed to the exchange of any commodity. Its one sided, which is not enforceable by law. Also for these 10,000 Joanne is exchanging nothing.

It would be enforceable if Lila wanted to give 10,000 to Joanne in exchange of some commodity or product. With out exchange from other party its not enforceable.  

6 0
3 years ago
Read 2 more answers
Increasing W-4 allowances will ________ the net pay in your paycheck and ______ your total tax burden.
topjm [15]
<span>Increasing W-4 allowances will <u>increase</u> the net pay in your paycheck and <u>reduce</u> your total tax burden. Remember that more W-4 allowances means less tax withheld with your paycheck whereas less W-4 allowances means that more tax withheld with your paycheck.

<em>ANSWERS: increase, reduce</em></span>
7 0
3 years ago
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