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otez555 [7]
3 years ago
15

A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per da

y and an effective capacity of 8 loans per day. A furnace repair team that services an average of 3 furnaces a day if the design capacity is 9 furnaces a day and the effective capacity is 8 furnaces a day.
a. Utilization ____________ %
b. Efficiency ____________ %

Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems?
Business
1 answer:
MissTica3 years ago
3 0

Answer:

Efficiency = Actual Output / Effective Capacity * 100%

Utilization = Actual Output / Design Capacity * 100%

Loan processing operation

Actual output = 9 loans per day

Design capacity = 10 loans per day

Effective capacity = 8 loans per day

Utilization = 9/10 * 100

Utilization = 90.0%

Efficiency = 9/8 x 100

Efficiency = 112.5%

Furnace repair team

Actual output = 3 furnaces per day

Design capacity = 9 furnaces per day

Effective capacity = 8 furnaces per day

Utilization = 3/9 * 100

Utilization = 33.3%

Efficiency = 3/8 * 100

Efficiency = 37.5 %

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nevsk [136]
Consumers will buy and continue to buy then will have either positive or negative opinions concerning the product. They will give complaints, useful feedback, and ways that the product could better itself either directly to the creators or indirectly through social media etc. This is the influence that consumers have on the advancement of products.
6 0
3 years ago
N article published in the washington post claims that 45 percent of all americans have brown eyes. a random sample of n=78 coll
Sever21 [200]

a . The test statistic is -1.160740861

b. The p value is 0.2457473

Let the point estimate be 'a'. The formula for test statistic is:

Z = (a - p) / √ { [ p×(1-p) ]÷n }

Point Estimate 'a' = 30/78 = 0.384615385

Z = (0.384615385 -0.45 ) / √[ (0.45 × 0.55) ] / 78

Z = -0.065384615 / 0.056330071

Z = -1.160740861

8 0
3 years ago
You just bought a motorcycle for $8,000. You plan to ride the motorcycle for two years, and then sell it for $3,200. During this
lana66690 [7]

Answer:

Total fixed costs  = $6,800

b. Total variable cost = $2,775

c.  = $0.48 per mile

2. iii variable costs, because they can be avoided.

Explanation:

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

Hourly wage costs and payments for production inputs are variable costs

Variable costs are costs that vary with production

If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.  

Depreciation + Insurance + cost of registration

Depreciation = Cost - salvage = 8,000 - 3,200 = $4,800

Insurance = 960 x 2 = 1920

Total fixed cost = 4,800 + 1920 + 80  = $6,800

Total variable cost

Gasoline + Service + Oil change + tire replacement

Gasoline = 10,000/ 50 = 2000 x 2.5 x 2 = 1000

= (1000 + (240 * 5) + (35 * 5) + 400

= 1,000 + 1,200 + 175 + 400  = $2,775

Total cost / Number of miles

= (6,800 + 2,775) / (10,000 * 2 years)

= $0.48 per mile

6 0
3 years ago
Licensee Keira is acting as a limited service agent to list the property only. Her first meeting with the client takes place at
Agata [3.3K]

Answer:

Disclose the condition of the roof, as she is aware of the leak.

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION

Tell the buyer's agent she is acting as a limited service agent and to ask the seller.

Tell the buyer's agent she has no knowledge of the property's condition.

Disclose the condition of the roof, as she is aware of the leak.

Go to the property and inspect the roof more closely.

Keira been a limited service agent owes a duty to disclose fact as regards materials property that she is aware of. Since, the seller talked about the condition of the roof when they met, her failure to disclose the fact about it could make her to be guilty of misrepresentation

3 0
2 years ago
What's the difference between product and brand?
ElenaW [278]
A product is made by a company and can be purchased by a consumer in exchange for money while brands are built through consumer perceptions, expectations, and experiences with all products or services under a brand umbrella.
4 0
2 years ago
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