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Brums [2.3K]
2 years ago
6

An enterprising student has set up an internship clearinghouse for business students. Each student who uses the service fills ou

t a form and lists up to 13 companies that he or she would like to have contacted. The clearinghouse has a choice of two methods to use for processing the forms. The traditional method requires about 12 minutes to review the form and arrange the information in the proper order for processing. Once this setup is done, it takes only four minutes per company requested to complete the processing. The other alternative uses an optical scan/retrieve system, which takes only five minutes to prepare but requires four minutes per company for completing the processing.
If it costs about the same amount per minute for processing with either of the two methods, when should each be used?
Business
1 answer:
GalinKa [24]2 years ago
3 0

Answer: See Explanation

Explanation:

Using the first method goes thus:

Form Processing = 12 minutes

Time taken to complete processing = 4 minutes

Total Time for processing will be:

= 12 + (4 × 13)

= 12 + 52

= 64 minutes

Method 2

Form Processing = 5 minutes

Time taken to complete processing = 4 minutes = 4 minutes

Total Time for processing will be:

= 5 + (4 × 13)

= 5 + 52

= 57 minutes

Hence method 2 is better because it's faster as it used a lesser time to process the compared to method 1.

You might be interested in
assume peru had an adult population of about 25 million, a labor-force participation rate of 60 percent and an unemployment rate
nikdorinn [45]

Answer: 15 million people were employed.

Explanation:

Hi, to answer this question we have to multiply the adult population (25,000,000) by the labor-force participation percentage in decimal form (divided by 100).

Mathematically speaking:

25,000,000 x (60/100) = 25,000,000 x 0.6 = 15,000,000 people

15 million people were employed.  

Feel free to ask for more if needed or if you did not understand something.

6 0
2 years ago
In a decision to either sell as is or process a product further, __________costs are considered irrelevant and _____________cost
MrRa [10]

In a decision to either sell as is or process a product further, joint costs are considered irrelevant and process further costs are considered relevant.

The decision of whether to sell the product right away or wait to sell it in order to earn more money. Although we think that growing the business's income is great, we also need to make sure that the costs associated with the growth will be met. We must contrast the profit margin between selling now and selling later because additional processes will demand more resources and expenses.

Additionally, we need to make an effort to maximise the return on our investment. Additional processes might need more money spent on equipment. These factors require us to apply the sell or process further technique in order to choose the best course of action.

Typically, this scenario occurs in a joint product where one or more outputs can be generated and produce additional revenue. The joint products are produced at the same cost up until the point where they are divided and further sold or processed. Although the products can be sold at the split point, there are instances when continuing developing them is more profitable.

Learn more about joint cost here brainly.com/question/14988439

#SPJ4

6 0
1 year ago
According to the liquidity premium theory of the term structure of interest rates, if the one-year bond rate is expected to be 4
KatRina [158]

Answer:

Interest rate on the a three year bond =5.5%

Explanation:

one-year bond rate expected = 4%, 5%, 6% for the next three years

liquidity premium on a three year bond = 0.5%

number of years = 3

The interest rate on the a three year bond can be calculated as

= liquidity premium + ( summation of bond rates for the next three years/number of years )

= 0.5 + ( (4+5+6)/3)

= 0.5 + ( 15/3)

= 0.5 + 5  = 5.5%

4 0
3 years ago
When using the Euromarkets, companies ____.?
STALIN [3.7K]
When using the Euromarkets, companies pay less for the loans
8 0
2 years ago
Use the information below to answer the following questions. The following units of an inventory item were available for sale du
Oksi-84 [34.3K]

Answer:

Instrctions are listed below.

Explanation:

Giving the following information:

Beginning inventory 10 units at $55

First purchase 25 units at $60

Second purchase 30 units at $65

Third purchase 15 units at $70

60 units of the item were sold.

A) FIFO

Inventory= 15*70 + 5*65= $1,375

B) LIFO

Inventory= 10*55 + 10*60= $1,150

C) Weighted average:

Average cost= (55 + 60 + 65 + 70)/4= 62.5

Inventory= 62.5*20= $1,250

7 0
2 years ago
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