Answer:
Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find
good chefs for her restaurant. Which type of resource is Elena lacking?
Elena is lacking Labor resource.
Explanation:
The Labor resource is the term related with the people needed for running the operation of a business. In this case Elena has the need for the chefs that will help you with the elaboration of the dishes that she wants to offer.
A business usually needs the following type of resources: labor, capital and land.
As we said previously Labor is the resource related to people.
Land is the resource related to the physical space where you want to set up your business. e.g store, online site, offices, building and so on.
Capital is the resource related to the money or financial investment needed to cover the initial launching costs.
Answer:
9 years
Explanation:
Note: See the attached excel file for the calculation of the cumulative present value (PV).
Annual cost saving = $16,000 - $12,000 = $4,000
With annual cash saving of $4,000 and 12% return on investment (ROI), the cumulative PV of the cash flow from installing the insulation becomes positive in the 9th year at $1,313.
Since the cumulative PV is positive in the 9th year, that means the discounted payback year is 9th year. Therefore, the warehouse have to run for 9 years in order to justify the insulation project.
Note:
The actual discounted payback period is approximately 8 years and 1 month as calculated below:
Discounted payback period = 8 years and ((129.44/1,442.44) * 12) = 8 years and 1 month.
Answer:
40%
Explanation:
First , we need to know the markdown amount.
This is $89 - $52 = $37
Percentage of this on the original price would be:
37/89 * 100 = 41.57%
Converting this to the nearest tenth of a percent is 40%
Answer: Debit to warranty payable the actual amount paid out as a result of warranty claims
Explanation: Warranty payable is a provision for estimated warranty claims to be paid. It is a liability account that has a credit balance.
In recording a warranty payable, a debit is made to warranty expenses account and a credit to warranty payable account.
When the actual warranty claim is paid, the warranty payable account is debited while cash or bank account is credited to record the actual amount paid.
Answer:
A. Multifactor productivity
Original Value of output 2500 un. x $200/un. = $500,000 Value of input 2500 un x $120/un. = $300,000 Multi-factor productivity $500,000/$300,000 = 1.67 Overtime Value of output 4000 un. x $200/un. = $800,000 Value of input 4000 un. x $144/un. = $576,000 Multi-factor productivity $800,000/$576,000 = 1.39 Multi-factor productivity (1.67 – 1.39) / 1.67 = 16.8% decrease
B. LABOR PRODUCTIVITY
Original Value of output 2500 un. x $200/un. = $500,000 Input = (100 people x 40 hr/person) = 4000 hours Labor productivity $500,000/4000 hr = $125/hr Overtime Value of output 4000 un. x $200/un. = $800,000 Input = (100 people x 72 hr/person) = 7200 hours Labor productivity $800,000/7200 hr = $111/hr Labor productivity ($125/hr – $111/hr) / $125/hr = 11.1% decrease
C.GROSS PROFITS
Original $500,000 - $300,000 = $200,000 Overtime $800,000 - $576,000 = $224,000
$24,000 increase
