1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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 %

You might be interested in
Select the correct answer. Which utility applies to a company that educates customers about its products' features? OA form util
insens350 [35]

Answer:place utility

Explanation:

7 0
3 years ago
Why aren‘t magazine photos a good representation ofwhat a healthy person looks like?
Arte-miy333 [17]
Magazine photos are not a good representation of what a healthy person looks like because they often show pictures of people who has a skinny and or people who only has built or toned body without having to discuss other factors that should be considered such as mentally or psychologically. They are mostly focused on the physical appearance.
6 0
3 years ago
Sheffield Corp. is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Sheffield made p
vazorg [7]

Answer:

Explanation:

Date = July 1 - 21

Expenses = 3,120,000

Weighted average expenses =  3,120,000 * 6/12 = 1,560,000

Accumulated expenses = 1,560,000

Date = Sept 1 - 21

Expenses = 6,468,000

Weighted average expenses =  6,468,000 * 4/12 = 3,716,000

Accumulated expenses = 3,716,000 - 1,560,000 = 2,156,000

Date = Dec 1 - 21

Expenses = 5,870,000

Weighted average expenses =  5,870,000*0/12 = 5,870,000

Accumulated expenses = 5,870,000 - 2,156,000 = 3,716,000

Thus, the weighted-average accumulated expenditures were $3,716,000.

6 0
3 years ago
The standard quantity allowed for the units produced was 4,500 pounds, the standard price was $2.50 per pound, and the materials
katrin2010 [14]
The standard quantity that is produces is multiplied to the standard price. The product is subtracted to the quantity variance and will be divided to the standard price. The product you have acquired will be the units that are produced.

4,500 pounds x $2.50 = 11,250
11,250 - $375  = 10,875
10,875 / $2.50 = 4,350

Answer: There are 4,350 units produced.
7 0
3 years ago
Would you rather be in charge of a product or work as a part of a team?
ivolga24 [154]

Answer:

work as part of a team

6 0
3 years ago
Read 2 more answers
Other questions:
  • "The board of directors of Capstone Inc. declared a $0.70 per share cash dividend on its $3 par common stock. On the date of dec
    9·1 answer
  • Kevin has just finished paying off his loan. He was assessed a service charge of $422. He paid off the principal and the interes
    13·2 answers
  • ABC Manufacturing has total fixed costs of $460,000. A unit of product sells for $20 and variable costs per unit are $11. Prepar
    8·1 answer
  • "During the project life cycle, project managers encounter many occasions to employ their negotiating skills in interactions wit
    5·1 answer
  • he following information pertains to Lightning Inc., at the end of December: Credit Sales $ 20,000 Accounts Payable 10,000 Accou
    11·1 answer
  • According to the liquidity premium theory of the term structure of interest rates, if the one-year bond rate is expected to be 4
    14·1 answer
  • Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 2018 for $85 during December 2018. These new subscribers will receive
    5·1 answer
  • Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level
    9·1 answer
  • What does a management accountant need to do before he or she can take
    5·1 answer
  • An inventory turnover analysis is useful to the internal auditor because it may detect:_____.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!