Answer:
a. Offered load = 1 lot / 4 hours = 6 cars/4 hours = 1.5 cars/hours
b. Demand rate = Total cars per 4 hours/20 minutes time
Demand rate = 6*4 / 20
Demand rate = 24/20
Demand rate = 1.2 cars/hours
Implied utilization = Demand rate / Offered load
Implied utilization = 1.2/1.5
Implied utilization = 0.8
Implied utilization = 80%
c. Capacity of the process = 1 lot / 5 hours
Capacity of the process = 6 / 5
Capacity of the process = 1.2 rentals per hours
d. Probability that all eight cars are rented at the same time
=> (1 - 0.8) * (0.8)^8
=> 0.2 * 0.1678
=> 0.03356
=> 3.36
Answer:
<u>Option B</u> must pay him as an employee, withhold appropriate taxes and issue a W-2 at year end
Explanation: He is paid based on hours worked, and uses the company equipment thus is an employee who is controlled by an employer. The independent contractors buy their own supplies, provide their own equipment and paid based on tasks performed
Answer:
16%
Explanation:
Calculation for the margin that Auagaa474 needed to earn in order to achieve an ROI of 27.2%
First step is to calculate the Turnover using this formula
Turnover = Sales ÷ Average operating assets
Let plug in the formula
Turnover= $491,300 ÷$289,000
Turnover=1.7
Now let calculate the margin using this formula
ROI = Margin × Turnover
Let plug in the formula
27.2% = Margin × 1.7
Margin = 27.2% ÷ 1.70
Margin=0.16*100
Margin= 16%
Therefore the margin that Auagaa474 needed to earn in order to achieve an ROI of 27.2% will be 16%
Answer:
a. I will hire three new salespeople prior to our next product release.
Explanation:
Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.
The above is referred as Comparative statements. A comparative statement is an archive that contrasts a specific budgetary proclamation and earlier period articulations or with the same monetary report produced by another organization. Examiner and business supervisors utilize the wage explanation, monetary record and income proclamation for relative purposes.
