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Mkey [24]
3 years ago
13

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of

40 minutes is needed to do a title search. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company A’s software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. Company B’s software would reduce the average search time by 12 minutes at a cost of $3.60 per search. What option would have highest productivity in terms of revenue per dollar per input?
Business
1 answer:
Brrunno [24]3 years ago
3 0

Answer:

Explanation:

Productivity per unput dollar=Fees charged from clients/total cost to firm

There are 3 options:

1. Using current software:

Av time=40 min

Researcher's cost=$2 a min

Total cost=40*2=80

Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5

2.

Using company A's software

Av time=30min

Cost of reducing av time=$3.5

Researcher's cost=$2

Total =30*2+3.5=63.50

Productivity per dollar input=400/63.5=6.3

3.

Using company B's software

Av time = 28 min

Cost of reducing av time=$3.6

Researcher's cost=$2

Total cost=28*2+3.6=59.6

Productivity per dollar input=400/59.6=$6.71

Answer - Using company B's software

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discuss how to create a prep list at the start of each day. describe how the prep list can make work flow more smoothly
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In its first month of operations, Multiplex Corporation purchased 40,000 pounds of material for $3.40 per pound. The company use
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Answer:

$7,000 Unfavorable

Explanation:

data provided

Material in units = 18,000

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Answer:

The cost of goods sold for next month is expected to be $202,500

Explanation:

Given that,

Sales budget = $450,000

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Note: we don't considered other things which is mentioned in the question.

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