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Aneli [31]
3 years ago
12

Home Building Inc. (HBI) seeks to schedule manual labor for 18 new homes being constructed. Historical data leads HBI to apply a

92% learning curve rate to the manual labor portions of the project. If the first home requires 3500 manual labor hours to build, estimate the time required to build (a) the fifth house, (b) the tenth house, (c) all 18 houses. What would the manual labor estimate be for all 18 of the HBI houses in the problem above if the learning curve rate is
Business
1 answer:
Dafna11 [192]3 years ago
5 0

Answer:

Follows are the solution to the given points:

Explanation:

For point a:

Using the cumulative mean method of Wright here:

Learning Rate = 92\%

Thus the b = \frac{\log(0.92)}{\log(2)} = -0.12

So the first home has 3,500 manual operating times, that'll be the equation.

Y=3500 X^{(-0.12)}

At which Y = average cumulative time per unit and X was its amount of production models

Cumulative total X unit moment= X \timesY = 3500\times X^{(1-0.12)} = 3500\times X^{0.88}

The 5th house must be X=4 and X=5, and therefore necessary time is:

= 3500 \times (5)^{0.88} - 3500\times (4)^{0.88} = 2572.1 \text{manual hours}

For point b:

For house 10, differentiate between X=9 and X=10, so time = 2351 hours of labor.

For point c:

X=18, consequently time = 44,535.6 hours in all 18 houses

For point d:

Please find the attached file.

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The amount that Course Co. should report as a liability for accrued interest on its December 31, 2021 balance sheet is $240.

<h3>What is accrued interest?</h3>

Accrued interest is an accounting expression that shows a liability for interest payment has been incurred for a loan but the payment has not yet been made.

For Course Co., it incurs accrued interest of $240 every quarter for the three-year note payable. Usually, the accrued interest is paid at the beginning of the next quarter.

<h3>Data and Calculations:</h3>

3-year note payable = $16,000

Rate of interest = 6% per year

Date of loan = May 1, 2020

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Learn more about accrued interest at brainly.com/question/1542335

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Consider two countries' situations: Country A can produce either six automobile ror twelve movies with the same amount of resour
Pachacha [2.7K]

Answer:

The theory of comparative advantage says that nations should yield and trade only those merchandises in which they have a reasonable advantage i.e. which they are specialize in.

To compute the comparative advantage of two nations A and B, let us first compute the opportunity cost of making movies and vehicles in each.

Country A:

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Opportunity cost of making 1 automobile = 8/5 movies

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Since the prospect cost of making an automobile is lesser in Country B and the prospect cost of making movies is lesser in country A, thus Country A would make movies and country B would make automobiles.

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In the management hierarchy _____ includes managers who set the overall direction of a firm, articulating a vision, establishing
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Answer:

The correct answer is D) Top management

Explanation:

Top management, as the name implies, consists of those who are at the highest point in the management hierarchy. The most common positions that are part of top managament are, Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Strategist Officer (CSO). They are usually part of the Board of Directors, which answers to the shareholders.

Their task is, as the question specifies, to define the general policy of the company, including goals and strategies to achieve those goals. In a way, companies are just like nations, they have top executives like the president or the president of the senate, who define the direction in which the company/country will go.

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9 . Implied interest rate and period Consider the case of the following annuities, and the need to compute either their expected
vodomira [7]

Answer:

IRR 6% for Jabob

His friend will need 12 years saving cash to obtain their collegue funds.

Explanation:

We will solve for the rate being the annuity of 3 payment of 800

and the present value 2,138.41

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 800

time 3

PV 2,138.41

rate ?

800 \times \frac{1-(1+x)^{-3} }{x} = 2,138.41\\  

To solve we can use excel, a financial calculator or trial and error

For excel we will do the following:

write the list of cash through the loan life:

-2,138.41

+800

+800

+800

then we write in the empy cell

=IRR(

select the values and press enter

This will give the IRR which is 6%

For the second assignment:

we need to solve for time:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C    3,800

time            n  

rate            0.06

PV $31,897

3800 \times \frac{1-(1+0.06)^{-n} }{0.06} = 31,897\\  

 We work out the formula:

(1+0.06)^{-n} = \frac{31,897\times 0.06}{3,800}

Now we solve the right side and apply logarithmic properties

-n = \frac{log0.503636842&#10;}{log1.06}

-n = -11.77128325

n = 11.77

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