Answer:
Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)
Explanation:
Sales proportion:
Large fries= 5/9= 0.56
Small fries= 4/9= 0.44
A small fry sells for $2.00 with a variable cost of $0.25.
We need to complete the information to calculate the weighted average contribution margin:
For example= A large fry sells for $2.9 with a variable cost of $0.4
To calculate the weighted-average contribution margin, we need to use the following formula:
Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)
Weighted average contribution margin= (0.56*2.9 + 0.44*2) - (0.56*0.4 + 0.44*0.25)
Weighted average contribution margin= 2.504 - 0.334
Weighted average contribution margin= $2.17
A firm with a cost of capital of 7% is considering two projects (they are not mutually exclusive), one expected to return 9% and a second expected to return 9.5%. Which projects should it pursue
Answer:
pursue both projects
Explanation:
The projects are not mutually exclusive thus the choice of one project does not hold back the pursuant of another (can occur at the same time).
Projects which provide a return above their cost of capital must be pursued as they are less risky.
Both projects provide the return above the costs of capital and should be pursued.
It is difficult for marketers to trace the effects of online marketing communications.
a) true
b) false
Answer:
false
Explanation:
Select the correct statement from the following,assuming Carmichael Company had a favorable direct materials price variance of $3,000 and an unfavorable direct materials usage variance of $2,000.
A) The total direct materials variance is $1,000 unfavorable.
B) The total direct materials variance is $5,000 favorable.
C) The total direct materials variance is $5,000 unfavorable.
D) The total direct materials variance is $1,000 favorable.
Answer:
Total direct material variance= $1,000 favorable
Explanation:
Giving the following information:
Company had a favorable direct materials price variance of $3,000 and an unfavorable direct materials usage variance of $2,000.
To calculate the total direct material variance, we need to use the following formula:
Total direct material variance= price variance +/- quantity variance
Total direct material variance= 3,000 - 2,000
Total direct material variance= $1,000 favorable
The firm is currently an all-equity firm with assets worth $250 million and 100 million shares outstanding. The firm plans to borrow $100 million and use these funds to repurchase shares. The firm’s marginal corporate tax is 20%, and it plans to keep its outstanding debt equal to $100 million permanently. What is the lowest price per share the firm can offer and have shareholders tender their shares? A) $3.50 B) $1.50 C) $1.70 D) $2.50 E) $2.70
Answer:
C) $1.70
Explanation:
The value of the firm after the debt would be = 250 million + (20% * 100 million) = $270 million
Value of equity = Total value of firm - Value of debt
Value of equity = $270 million - $100 million
Value of equity = $170 million
The total number of share outstanding is 100 million shares
Hence, he should offer the shares at = $170 million / 100 million shares = $1.7 per share
Review the Globe to determine Baldwin's current strategy. How will they seek a competitive advantage
This question is incomplete, the complete question is;
Review the Inquirer to determine Baldwin's current strategy. How will they seek a competitive advantage?
From the following list, select the top five sources of competitive advantage that Baldwin would be most likely to pursue. Select: 5 Save Answer Add additional products Offer attractive credit terms Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand Reduce cost of goods through TQM initiatives Seek high plant utilization, even if it risks occasional small stock outs Increase demand through TQM initiatives Seek excellent product designs, high awareness, and high accessibility Seek high automation levels Seek the lowest price in their target market while maintaining a competitive contribution margin Reduce labor costs through training and recruitment.
Answer:
1) Reduce labor costs through training and recruitment
2) Seek the lowest price in their target market while maintaining a competitive contribution margin
3) Reduce cost of goods through TQM initiatives
4) Seek excellent product designs, high awareness, and high accessibility
5) Seek high plant utilization, even if it risks occasional small stock outs
Explanations
The top resources that will help Baldwin to attain competitive advantage are shown below
Reduce labor costs through training and recruitment- Lower labor costs would help Baldwin maintain higher profit levels, giving Baldwin an edge over its competitors. This would be an example of a Cost Leadership strategy.
Seek the lowest price in their target market while maintaining a competitive contribution margin- Baldwin can focus on target markets and offer its products/ services at the lowest prices with competitive. This would help Baldwin get a very good reach and hold on the target markets, and would get ahead of its customers in the process. This would be an example of a Focus strategy.
Reduce cost of goods through TQM initiatives- Lower cost of goods would mean higher profits for Baldwin, giving it a competitive edge. This would be an example of a Cost Leadership strategy.
Seek excellent product designs, high awareness, and high accessibility- With excellent product designs, high awareness and accessibility, Baldwin would be able to make its products stand out from its competitors' products. When customers see a product which is different from others, which offers good benefits and which is easily available, they definitely get interested in that product and may even pay a little more to buy the product. This is an example of a Differential strategy.
Seek high plant utilization, even if it risks occasional small stock outs- With high plant utilization, Baldwin can optimize its fixed costs, thereby lowering total costs which shall give it a competitive edge. This again would be an example of a Cost Leadership strategy. Losses due to occasional small stock outs would be compensated by high plant utilization.
Selected information from Dinkel Company's 2011 accounting records is as follows: Proceeds from issuance of common stock $ 400,000 Proceeds from issuance of bonds 1,200,000 Cash dividends on common stock paid 160,000 Cash dividends on preferred stock paid 60,000 Purchases of treasury stock 120,000 Sale of stock to officers and employees not included above 100,000 Dinkel's statement of cash flows for the year ended December 31, 2011, would show net cash provided (used) by financing activities of
Answer:
Cash flow from financing activities is $2,040,000
Explanation:
Cash flow from financing activities
Inflows
Proceeds from common stock $400,000
Proceed from common stock(Employees) $100,000
Issuance of bonds $1,200,000 $1,700,000
Outflows
Cash dividend on common stock $160,000
Cash dividend on preferred stock $60,000
Purchase of treasury stock $120,000 340,000
Cash flow from financing activities $2,040,000
Open market operations are typically repurchase agreements. What does this tell you about the likely volume of defensive open market operations relative to the volume of dynamic open market operations?
Answer: • Defensive operations are usually common and that the dynamic open market operations is smaller than the volume of the defensive open market operations.
Explanation:
Open market operations is when treasury bills and securities are on sale in an economy. It is typically bought by the central bank to ensure that money is available in an economy.
Open market operations are typically repurchase agreements tells us that defensive operations are usually common and that the dynamic open market operations is smaller than the volume of the defensive open market operations.
When using discounted cash flow analysis for valuation, the appraiser must estimate the sale price at the end of the expected holding period. This price is referred to as the property's
Complete Question:
When using discounted cash flow analysis for valuation, the appraiser must estimate the sale price at the end of the expected holding period. This price (assuming selling expenses have yet to be accounted for) is referred to as the property's:
Group of answer choices
A. net sale proceeds
B. selling expenses
C. terminal value
D. current market value
Answer:
C. Terminal value.
Explanation:
When using discounted cash flow analysis for valuation, the appraiser must estimate the sale price at the end of the expected holding period. This price (assuming selling expenses have yet to be accounted for) is referred to as the property's terminal value.
Terminal value can be defined as the discounted value of all cash flows for a property after its forecast period or investment time in discounted cash flow analysis.
This ultimately implies that, the property's terminal value is primarily used for the estimation or determination of its value based on future cash inflow.
Baden Corporation entered into a lease agreement for 100 photocopy machines for its corporate headquarters. The lease agreement qualifies as an operating lease except there is a bargain purchase option. After the 5-year lease term, the corporation can purchase each copier for $1,000, when the anticipated fair value is $2,500. Jerry Suffolk, the financial vice president, thinks the financial statements must recognize the lease agreement as a finance lease because of the bargain purchase option. The controller, Diane Buchanan, disagrees: "Although I don’t know much about the copiers themselves, there is a way to avoid recording the lease liability." She argues that the corporation might claim that the copier technology advances rapidly and that by the end of the lease term, the machines will most likely not be worth the $1,000 bargain price.
(a) What ethical issue is at stake?
(b) Should the controller’s argument be accepted if she does not really know much about copier technology? Would it make a difference if the controller were knowledgeable about the rate of change in copier technology?
(c) What should Suffolk do?
Answer:
Answer is explained below
Explanation:
A)
The ethical issue at stake is whether to record the lease agreement for 100 photocopy machine as a finance lease or operating lease because in operating lease we don't record it as asset or liability in financial statements but in finance lease, we record both asset and liability generally at the present value of rentals payments. As the bargain option is available this lease agreement will be said to be a finance lease agreement.
B)
No without knowing much about the copier technology the argument of controller should not be accepted.
C)
Suffolk should represent lease as a financial lease but he can get the terms of lease revised as to the fair value of copier revised after the proper analysis and computation of copier value.
Describe three types of resources the founders of Airbnb needed most to start the company and explain how they acquired these resources
Answer:
The newly formed company must have following three resources as per the world economic forum research that Airbnb must acquire before starting a business:
Access to MarketsHuman ResourceFunding ResourcesExplanation:
The Access to Markets means you have access to wider customers either through distribution channels or marketing channels. The domestic demand of the product not only supports the company but will also help in developing product differentiation and increased foreign customers.
The Human Capital includes the talented employees that the company would require to solve its evolving problems with great creative ideas. The technical employees plays very important role at the start of the business. The management that manages the business operation are the second most important human resource for the company.
The startup that has Access to Funds can take better decisions because the decision totally differs when you have funds in hand. The reason is that when you have money in hand you will invest in better future and when you don't have money access then you will try to survive which means business growth is not possible without investment. It is the most difficult resource to obtain for a startup.
The formed company must have following three resources as per the world economic forum research that Airbnb must acquire before starting a business: Access to Markets, Human Resource and Funding Resources.
What are the three types of resources the founders of Airbnb?The Access to Markets means you have access to wider customers either through distribution channels or marketing channels.
The Human Capital includes the talented employees that the company would require to solve its evolving problems with great creative ideas.
The startup that has Access to Funds can take better decisions because the decision totally differs when you have funds in hand.
Learn more about resources, refer to the link:
https://brainly.com/question/12152594
Describe the formation process of cross-border mergers, acquisitions, and international joint ventures. What are the major differences?
Answer:
The answer is below
Explanation:
Merger is a business term that defines the major mean of concentrating businesses. It can be in two different forms, which can either be through the arrangement of a new company or through the through the unification of one or more firms into another firm.
Acquisition however is a business term that describes the purchases of a company's most or all shares, in order gain control that company, buy another company (buyer).
On the other hand, An international joint venture often referred to as IJV is a business term that describes the formation of partnership of companies based in two or more countries, without taking over the other company outright.
Hence, the formation process of a merger, acquisition and international joint venture involves the following:
1. Planning: this stage involves the signing of the letter of intent, advisor appointment, creating and documenting the timetable, transaction method and expert report
2. Resolution: this stage is also vital which involves meetings of Board of Director, extraordinary shareholder, identification of opposition party and go ahead from the antitrust authority.
3. Implementation: this is a stage involving the enrolment of the merger deed in the Company Register.
How do you short term goals differ from long-term goals
Answer:
Short term goals differ from long term goals because long term goals tend to take longer than short term goals.
Explanation:
Hope this helps!
Prepare a bank reconciliation: ABC Enterprises gathered the following information prior to reconciling their cash balance per books (internal accounting records) to the recently received bank statement for the month ending January 31, 2018: Cash per balance per books, 1/31/18 Deposits in transit NSF check Bank services charges Outstanding checks Notes Receivable collected by the bank S 1,000 Cash balance per bank, 1/31/18 $7,500 S 500 50 000'9 S $11,950 Perform the bank reconciliation: The ADJUSTED CASH BALANCE PER BOOK as of January 31, 2018:________
A) $7,950
B) $7,500
C) $6,950
D) $3,500
Answer: ADJUSTED CASH BALANCE PER BOOK as of January 31, 2018 is A) $7,950
Explanation:
ABC Enterprises reconciled cash balance per books (internal accounting records as of January 31, 2018.
Cash balance as per company book $7,500
Add:
Notes receivable collected by bank $1000
Deduct:
NSF check $500
Bank service charge $50
Adjusted Book Balance $7,950
Assume bonds payable are amortized using the straight-line amortization method unless stated otherwise.
Preparing the liabilities section of the balance sheet
Luxury Suites Hotels includes the following selected accounts in its general ledger at December 31, 2018:
Prepare the liabilities section of Luxury Suites’s balance sheet at December 31, 2018.
Note Payable (long-term) $200,000
Accounts Payable $33,000
Bonds Payable (due 2022) 450,000
Discount on Bonds Payable 13,500
Interest Payable (due next year) 1,000
Salaries Payable 2,600
Estimated Warranty Payable 1,300
Sales Tax Payable 400
Answer:
Luxury Suites Hotels
Balance Sheet as of December 31, 2018:
Liabilities:
Current Liabilities:
Sales Tax Payable 400
Interest Payable (due next year) 1,000
Estimated Warranty Payable 1,300
Salaries Payable 2,600
Discount on Bonds Payable 13,500
Accounts Payable $33,000
Total current liabilities $51,800
Long-term Liabilities:
Note Payable (long-term) $200,000
Bonds Payable (due 2022) 450,000
Total long-term liabilities $650,000
Total liabilities $701,800
Explanation:
The Hotel's liabilities are the financial obligations that Luxury Suites Hostels owes the debt providers for funding its assets. They are divided into two: current and non-current or long-term liabilities. The obligations that are expected to be settled within the next one year are classified as current. The other obligations which are not expected to be settled within one year are called noncurrent or long-term liabilities. Liabilities are forms of leverage or gearing that a company employs to help her in generating profits for equity stockholders.
SFX Paintball Games, Inc., and Truck & Trailer Delivery Corporation sign an agreement that provides for the payment of "$1,000 by whichever party commits a material breach of the contract that creates damages difficult to estimate but approximately $1,000." This is
Answer:
A liquidated damages clause.
Explanation:
The liquidated damage clause is the clause in which the party who has breach the contract or who has delay the completion of the contract has to pay the damages for the liquidation of the contract
here in the given situation, since the company has an agreement with the other party and if anyone party breach the contract then the price they paid would be $1,000 approx
Therefore this represents the liquidated damages clause
provides its employees two weeks of paid vacation per year. As of December 31, 70 employees have earned two weeks of vacation time to be taken the following year. If the average weekly salary for these employees is $890, what is the required journal entry to accrue compensated absences?
Answer and Explanation:
The journal entry is shown below:
Salary and Wages Expense Dr. $124,600 (70 employees × 2 weeks × $890)
To Salaries and wages payable $124,600
(Being the compensation absences accrued)
For recording this we debited the salary and wages expense and credited the salaries and wages payable as it increased the expenses and liabilities.
Benace Parts and Supply makes a variety of car parts. The company produces A90 parts each year. Each A90 sells for and has a contribution margin of . Currently, of fixed manufacturing overhead is allocated to the A90 product line. If Benace Parts and Supply discontinues the A90 product line, of fixed manufacturing overhead costs would be avoided. What would be the impact on total operating income if the A90 product line were to be discontinued?
Answer:
The total Operating income will decrease by $5,000
Explanation:
Note that some word are missing and are inserted as written below:
"Benace Parts and Supply makes a variety of car parts. The company produces 6,000 A90 parts each year. Each A90 sells for $7 and has a contribution margin of $2. Currently, $16,000 of fixed manufacturing overhead is allocated to the A90 product line. If Benace Parts and Supply discontinues the A90 product line, $7,000 of fixed manufacturing overhead costs would be avoided. What would be the impact on total operating income if the A90 product line were to be discontinued? "
Solution:
Loss of Contribution margin if the A90 product line discontinued = Units * Contribution margin per unit
= 6,000 units * $2
= $12,000
Saving of avoidable fixed Overhead = $7,000
Decrease in Total Operating Income = Loss of Contribution margin - Saving of avoidable fixed Overhead
= $12,000 - $7.000
= $5,000 (Decrease)
Hence, the total Operating income will decrease by $5,000
How much would Israel’s nominal GDP growth be next year if it experienced real GDP growth next year the same as its average over the past 50 years, with an inflation rate of 3% and population growth of 1%?
Answer:
Nominal GDP growth = 7.25%
Explanation:
Given:
Inflation rate = 3%
Population growth = 1%
Note:
Growth rate in real GDP (Not given) = 3.25%
Find:
Nominal GDP growth
Computation:
Nominal GDP growth = Inflation rate + Population growth + Growth rate in real GDP
Nominal GDP growth = 3% + 1% + 3.25%
Nominal GDP growth = 7.25%
An array of firm resources includes interpersonal relations among managers in the firm, its culture, and its reputation with its customers and suppliers. Such competitive advantages are based upon
Answer: social complexity
Explanation:
Social complexity simply relates to how the existence of human beings are being studied. The things that are studied include armed conflicts, marriage practices, emigration patterns, political movements, natural disasters, etc.
Therefore, array of firm resources includes interpersonal relations among managers in the firm, its culture, and its reputation with its customers and suppliers. Such competitive advantages are based upon social complexity.
Which of the following strategies seeks to increase the portfolio value by reinvesting current income in addition to capital gains?
A. Capital appreciation.
B. Capital preservation.
C. Return preservation.
D. Current income.
E. Total return.
Answer: D. Current income.
Explanation: A few examples of current income payments are dividends and interest payments. The current income investment strategies are those that attempt to increase the portfolio value by reinvesting current income in addition to capital gains. As such, they seek to identify investments that pay above-average distributions and is often of benefit to investors who desire reliable and high levels of income from an investment grade portfolio (short- and intermediate-term, investment grade corporate and agency obligations, and investment grade preferred securities).
You sell one IBM July 90 call contract for a premium of $4 and two puts for a premium of $3 each. You hold the position until the expiration date, when IBM stock sells for $95 per share. You will realize a ______ . A. $300 profit B. $100 loss C. $500 profit D. $200 profit
Answer: C. $500 profit
Explanation:
The total premium you will receive from selling both bearing in mind that contracts are per 100 each will be;
= (Call Premium + Put Premium) * 100
= (4 + ( 3 * 2)) * 100
= $1,000
As the prices went up, the only option that will be exercised will be the call option. The loss made when this happens will be;
= ( New Stock price - Exercise price) * 100
= ( 95 - 90) * 100
= $500
Total Profit (loss) made = Premium - loss
= 1,000 - 500
= $500
At the beginning of the month, the Forming Department of Martin Manufacturing had 26,000 units in inventory, 30% complete as to materials, and 15% complete as to conversion. During the month the department started 76,000 units and transferred 86,000 units to the next manufacturing department. At the end of the month, the department had 16,000 units in inventory, 90% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department.
Answer:
materials = 100,400 units and conversion = 95,600 units
Explanation:
Computation of the equivalent units of production for materials
Units completed and transferred (86,000 × 100%) = 86,000
Units in Ending Work In Process (16,000 × 90%) = 14,400
Total equivalent units of production for materials = 100,400
Computation of the equivalent units of production for conversion cost
Units completed and transferred (86,000 × 100%) = 86,000
Units in Ending Work In Process (16,000 × 60%) = 9,600
Total equivalent units of production for Conversion cost = 95,600
Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay 1/3 of the sales price of a jet ski when they initially purchase the ski, and then pay another 1/3 each year for the next two years. Because Lake has little information about collectibility of these receivables, they use the installment method for revenue recognition. In 2010 Lake began operations and sold jet skis with a total price of $900,000 that cost Lake $450,000. Lake collected $300,000 in 2010, $300,000 in 2011, and $300,000 in 2012 associated with those sales. In 2011 Lake sold jet skis with a total price of $1,500,000 that cost Lake $900,000. Lake collected $500,000 in 2011, $400,000 in 2012, and $400,000 in 2013 associated with those sales. In 2013 Lake also repossessed $200,000 of jet skis that were sold in 2011. Those jet skis had a fair value of $75,000 at the time they were repossessed.
1) In 2010, Lake would recognize realized gross profit of:______.
a) $0.
b) $450,000.
c) $300,000.
d) $150,000
2) In 2012, Lake would recgonize a realized gross profit of:_______.
a) $700,000.
b) $310,000.
c) $450,000.
d) $0
3) In 2013, Lake would record a lost on repossessions of:______.
a) $80,000.
b) $45,000.
c) $200,000.
d) $120,000.
4) In its December 31, 2011, balance sheet, Lake would report:_______.
a) deferred gross profit of $700,000.
b) installement receivables (net) of $900,000.
c) installment receivables (net) of $750,000.
d) deferred gross profit of $1,500,000.
Answer:
1) In 2010, Lake would recognize realized gross profit of:______.
a) $0.
Revenue for calculating gross profit is only recognized when the cost of goods sold (COGS) has been fully recovered.
2) In 2012, Lake would recognize a realized gross profit of:_______.
c) $450,000.
gross profit related to 2010 sales = $900,000 - $450,000 (remaining COGS) = $450,000
gross profit related to 2011 sales = $900,000 - $900,000 = $0
3) In 2013, Lake would record a lost on repossessions of:______.
c) $200,000.
4) In its December 31, 2011, balance sheet, Lake would report:_______.
b) installment receivables (net) of $900,000.
total installments receivables = $300,000 + $1,000,000 = $1,300,000
remaining COGS from 2011 sales = $400,000
installment receivables (net) = $1,300,000 - $400,000 = $900,000
Hilton company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $5,000 was recorded. Using the indirect method, net cash provided by operating activities for the year is:_______
a. $25,000.
b. $45,000.
c. $29,000.
d. $30,000.
Answer:
a. $25,000
Explanation:
The computation of net cash provided by operating activities is shown below:-
Particulars Amount
Net Income $30,000
Add Depreciation $5,000
Less Increase in Accounts Receivables -$7,000
Less Decrease in Accounts Payable -$3,000
Net cash Provided by Operating Activities $25,000
An eight-year project is estimated to cost $528,000 and have no residual value. If the straight-line depreciation method is used and the average rate of return is 18%. determine the estimated annual net income.
Answer: $48,420
Explanation:
Average rate of return = Annual Net Income/ Average Investment
Average Investment
= (Beginning value of asset - ending value) / 2
= ( 538,000 + 0)/2
= $269,000
18% = Annual Net Income/269,000
Annual Net Income = 269,000 * 18%
Annual Net Income = $48,420
Visit California is responsible for promoting tourism in the state and recently ran a successful ad called "Average Joes" to share lifestyle attributes that are popular there. This an example of which type of advertising
Answer:
reminder institutional advertising
Explanation:
The reminder institutional advertising refers to a advertising in which the company focused to establish the goodwill or an image for the entity rather being promoting the company goods and services
Here in the given situation, it is mentioned that California is responsible for promoting tourism and it currently ran a successful Average joes for sharing the lifestyle so here it is establishing the goodwill
Therefore the above is the answer
You bought one of Great White Shark Repellant Co.'s 8 percent coupon bonds one year ago for $810. These bonds make annual payments and mature 14 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 11 percent. If the inflation rate was 3.4 percent over the past year, what was your total real return on investment?
Answer:
real rate of return = 4.77%
Explanation:
you purchased the bond at $810 with 14 years to maturity
now, 1 year later the bond's price is:
PV of coupon payment = $1,000 / 1.11¹³ = $257.51PV of coupon payments = $80 x 6.7499 (PV annuity factor, 11%, 13 periods) = $539.99market value = $797.50
total nominal returns = $80 (coupon payment) + ($797.50 - $810) = $67.50
the real rate of return = {[1 + ($67.50/$810)] / (1 + 3.4%)} - 1 = 4.77%
"Preferred stock is issued with an "anti-dilutive" covenant. If the corporation declares a 5% stock dividend, which statements are TRUE?"
Answer: B. I and IV
Explanation:
Anti-Dilutive clauses are made to ensure that when new common shares are issued, they do not reduce the value of the shares already there because new shares being issued reduces the value of individual shares.
To do this, when new shares are issued or dividends declared, the conversion price is reduced and the conversion ratio is increased so that the preferred stocks can be diluted into more shares thus keeping their value intact.
A bank of 10 machines requires regular periodic service. Machine running time and service time are both exponential. what is the optimal number of operators for this bank of machines
Answer:
hello your question lacks some details below is the complete question
A bank of 10 machines requires regular periodic service. Machine running time and service time are both exponential. Machines run for an average of 44 minutes between service requirements, and service time averages six minutes per machine
If operators cost $15 per hour in wages and fringe benefits and machine downtime costs $75 per hour in lost production, what is the optimal number of operators for this bank of machines?
A 1
B 2
C 3
D 4
E 5
Answer : 3 operators ( c )
Explanation:
number of machines = 10
machine run time for each = 44 minutes
service time = 6 minutes
cost of each operator = $15 per hour
loss during machine down time = $75 per hour
hence the optimal number of operators
The total minutes the machine would work in a hour
= (60 - 6) * 10 = 540 minutes
assuming we assign 180 minutes to each operator then each operator would cost = 15 * 3 = $45
for three operators that would be = 45 * 3 = $135
lost inquired during down time
= 6 minutes * 10 = 60 minutes i.e the total cost inquired per hour = $75
hence 3 operators would be an optimal number of operators because the operators would work lesser hours and more efficiently as well
ou are using earned value analysis to track your project's progress. In your project, earned value is higher than planned value and actual value. That means the project is _____ schedule and _____ budget.
Answer:
B. ahead of; under
Explanation:
Earned value analysis is the process to check the status of the project and the analysis, evaluation is to be done. It can be done between the earned value with the actual cost incurred and with the planned value
Here Planned value refers to the value i.e. to be permitted and to be completed within the prescribed time. Here earned value is compared with the planned value to check the variance schedule of the project
Here the actual value is the value that is actually spent or incurred till date. Here the earned value compared with the actual value so that any variance related to cost could be checked
And, the earned value is the value of the work completed till date. It could be in terms of costing and scheduling.
So if the earned value is more than the planned value and the actual value so the project is ahead and it is under budget
hence, option B is correct