Answer:
Average time per unit is 59.6 hours
Explanation:
As we know as the work is done the learning of the labor force increases and they require less time to produce the next unit. An average time required to produce specific numbers of unit including cumulative effect of the learning curve.
As per given data
Number of units = 30 unit
Ratio of Time to produce second unit = 90 / 100 = 0.9
Accumulated Average time per unit Formula is
y = aX^b
Where
y = Average time per unit = ?
X = Cumulative Numbers of unit = 30
a = Time required to produce first unit = 100 hours
b = factor used to calculate cumulative average time = log (Learning Curve %/ log2) = Log (90/100) / Log2 = -0.152
Place value value in the formula
y = 100 x 30^ -0.152 = 59.6 hours
Answer:
b. As both an increase in the equipment account and an increase in contributions from donated services.
Explanation:
When the flood damages the vehicles there was a loss in the value of the organisation's equipment. The actor of restoring it to its previous state will require an addition to equipment account. So there will be an increase in equipment.
The services provided by the mechanic were free and will be recorded as a donated service. This is an increase in contributions from donated services.
There is no expense recorded as the services were performed for free.
Answer:
Current ratio is 2.5:1
Quick ratio 1.9:1
Explanation:
Current ratio =current assets/current laibilities:1
current assets =cash+marketable securities+accounts receivables+inventory
current assets=$225000+$115,000+$112000+$158,000
current assets =$610,000
current liabilities=accounts payable=$244,000
Current ratio=610000/244000
current ratio=2.5
:1
quick ratio =(current assets-inventory)/current liabilities:1
quick ratio=(610000-158000)/244000
=1.9:1
The current ratio suggests the company has liquid resources that is more than double of current liabilities which can used in discharging debt obligations in the normal course of business
Quick ratio excludes inventory from the ratio since inventory is most difficult item to convert to cash
The answer is B: False The Federal's Reserve goal is t<span>o provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
