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Mice21 [21]
3 years ago
9

Wood Dreams makes handcrafted furniture in its retail stores The furniture maker has recently installed a new assembly process,

including a new sander and polisher. With this new system, production has increased to 94 pieces of furniture per day from the previous 77 pieces of furniture per day. The number of defective items per day has dropped from 5 to 2 per day. What is the change in productivity of non-defective units for Wood Dreams using the new process
Business
1 answer:
Novosadov [1.4K]3 years ago
3 0

Answer:

27.78%

Explanation:

Missing word <em>"The production facility operates strictly eight hours per day. 5 people work daily in the plant."</em>

In the earlier scenario, furniture maker manufactured 77 (72 non defective) pieces per 5 laborers working 8 hours day. Thus, the productivity in terms of units per labor hour is:

= 72 / 5*8

= 72 / 40

= 1.8

Similarly, after the process improvement, the productivity in units per labor hour would be:

= 92 / 5*8

= 92 / 40

= 2.3

Thus, change in productivity would be calculated as:

= (2.3 - 1.8)/1.8

= 0.27777778

= 27.78%

The productivity of non defective parts would increase by 27.78%

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Answer:

Security Deposit

Explanation:

Security deposit is the correct answer because this is the amount that has been considered by the owner when there is any damage occurs. This amount is paid initially which is more than the monthly payment and refundable when the agreement finishes. In the given question it can be clearly seen that the security money is more than monthly payment of $2000.

6 0
3 years ago
Which of the following are the characteristics of a competitive market? (Check all that apply.)
kakasveta [241]

A competitive market refers to a market where there is no monopoly of producers of goods and services, therefore, competition is high because they all have mission to satisfy the wants of a large consumers.

The characteristics of a competitive market are:

  • Homogeneity of product: The product are made by different producers and encourages competition.
  • There are existence of many buyers and sellers in the market.
  • There is an access to derive perfect information on price of a product at any outlet in the market.
  • There are no charges for transaction costs in a competitive market
  • No barriers to entry into or exit.

In conclusion, there is no producers which can affect the market price through its supplying rate because there are excess supply of similar product in the market.

Learn more about competitive market here

<em>brainly.com/question/7024827</em>

5 0
2 years ago
Capital budgeting is a tool that explicitly incorporates the time value of money in decisions involving significant long-term in
Elena L [17]

Answer: True

Explanation: Capital budgeting is a tool used for evaluating the profitability of long term investments by the company. In the process of capital budgeting, the incremental expected cash inflows are compared with the initial cash outflow of the project using time value of money analysis.

In time value of money analysis the expected cash inflows are discounted back to the present time by using a particular rate, and then that present value is deducted from outflow to ascertain the profit.

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3 years ago
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The Jay Group hires better employees than its competition by conducting effective searches and multi-tiered interviews. The comp
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Answer:

The answer is: People differentiation

Explanation:

Jay Group can gain a competitive advantage by hiring and training better and more efficient employees than their competition. The more efficient an employee is, the more productive the company will be.

The best examples are sports teams, titles are won by a great quarterback and a rock solid defense.

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3 years ago
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