The Chiemsee Knee Replacement Clinic (CKRC) is a sports clinic located at the northern edge of the German Alps. It specializes in knee replacements for skiers who come to CKRC from Germany, Austria, Switzerland, and Italy. The clinic currently has one operating room (OR). However, since the clinic has dramatically more demand than capacity, the management team contemplates investing in a second OR. A lean consulting firm, however, suggests that before going ahead with installing new capacity, the clinic should first look at how it uses its existing capacity. The data collected by the consulting firm reveal that:

Answers

Answer 1

Answer:

Another operating room is needed.

Explanation:

The data collected by the consulting firm reveal that the existing facility does not fulfill the requirement due to more number of people so for this reason they have to build another operating room to quickly facilitate more number of people in less time. There are more number of people comes to the clinic as compared to previous years which compels the authority to build up new operating rooms for the convenience of people that comes for knee replacement.


Related Questions

dự báo thị trường trên các đường bay dự kiến khai thác

Answers

I don’t really know What your saying lol

Sah Inc's last free cash flow was $1.75 million. Its free cash flow growth rate is expected to be constant at 25% for 2 years, after which free cash flows are expected to grow at a rate of 6% forever. Its weighted average cost of capital WACC is 12%. Huxley has $5 million in short-term investments and $7 million in debt and has 2 million shares outstanding. What is the best estimate of the current intrinsic stock price

Answers

Answer:

$40.64 per share

Explanation:

The computation of the best estimate of the current intrinsic stock price is given below;

Enterprise value is

= ($1.75 × (1.25)) ÷ (1.12)^1 + ($1.75 × (1.25)^2) ÷ (1.12)^2 + (($1.75 × (1.25)^2 × 1.06) ÷ 0.06) ÷ (1.12)^2

= $42.64 million

now  

market cap = enterprise value - debt + investments

= $42.64 - $7 + $5

= $40.64 million

Now finally  

price = $40.64 million ÷ 1million

= $40.64 per share

When creating a company's security policy, it is not necessary that the scope align with the company's annual information security budget. True False

Answers

Answer:

False, you would want them to align.

Explanation:

In order to sell a product at a profit the product must be priced higher than the total of what it costs you to build the unit, plus period expenses, and plus overhead. At the end of last year the broad cost leader Chester had an Elite product Cake. Use the Inquirer's Production Analysis to find Cake's production cost, (labor materials). Exclude possible inventory carrying costs. Assume period expenses and overhead total 1/2 of their production cost. What is the minimum price the product could have been sold for to cover the unit cost, period expenses, and overhead

Answers

Answer: Hello there is a missing data below is the missing data

                The production cost is $21.45.

answer : 32.175  ≈ $32

Explanation:

Using the Inquirer's Production Analysis to find Cake's production cost, (labor materials).

Period expenses and Overhead = 1/2 production cost

Minimum price = production cost + period cost + overhead cost ( 1/2 production cost )

∴ Minimum price = 21.45 + 10.725

                             ≥ 32.175

On January 2, 2017, Concrete Master Construction, Inc. issued $500,000, ten-year bonds for $574,540. The bonds pay interest on June 30 and December 31. The face rate is 8% and the market rate is 6%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2017

Answers

Answer:

The carrying value of the bonds after the first interest payment is made on June 30, 2017, is $571,776

Explanation:

The carrying value of the bond after the first interest payment will be calculated as follow

Carrying value of bond = Bond Issuance value - Amortization of Bond premium

Where

Bond Issuance value = $574,540

Amortization of bond premium = Coupon payment - ( Bond issuance value x Market rate ) = ( $500,000 x 8% x 6/12 ) - ( $574,540 x 6% x 6/12 ) = $20,000 - $17,236 = $2,764

Placing values in the formula

Carrying value of bond = $574,540 - $2,764

Carrying value of bond = $571,776

arett Motors is trying to decide whether it should keep its existing car washing machine or purchase a new one that has technological advantages (which translate into cost savings) over the existing machine. Information on each machine follows: Old machine New machine Original cost $9,000 $20,000 Accumulated depreciation 5,000 0 Annual cash operating costs 9,000 4,000 Current salvage value of old machine 2,000 Salvage value in 10 years 500 1,000 Remaining life 10 yrs 10 yrs Refer to Jarett Motors. The $4,000 of annual operating costs that are common to both the old and the new machine are an example of a(n) Select one: a. opportunity cost b. irrelevant cost c. future avoidable cost d. sunk cost

Answers

Answer:

Jarett Motors

The $4,000 of annual operating costs are an example of an

a. opportunity cost

Explanation:

a) Data and Calculations:

                                                        Old machine    New machine

Original cost                                        $9,000              $20,000

Accumulated depreciation                    5,000              0

Annual cash operating costs                9,000                  4,000

Current salvage value of old machine 2,000

Salvage value in 10 years                         500                  1,000

Remaining life                                        10 yrs                  10 yrs

b) The annual operating costs are an example of opportunity cost because the alternative with the old machine will incur an annual operating cost of $9,000 instead of $4,000 with the new machine.  This will translate to a forgone benefit of $5,000 ($9,000 - $4,000) in cost saving if the new machine is purchased.

Use the following information: Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $10,160 Cost of goods sold 8,210 Depreciation 510 Earnings before interest and taxes $1,440 Interest paid 122 Taxable income $1,318 Taxes 461 Net income $857 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $320 $350 Accounts payable $1,730 $1,610 Accounts rec. 1,180 1,080 Long-term debt 1,190 1,390 Inventory 2,080 1,830 Common stock 3,520 3,520 Total $3,580 $3,260 Retained earnings 730 980 Net fixed assets 3,590 4,240 Total assets $7,170 $7,500 Total liab.& equity $7,170 $7,500 What is the quick ratio for 2017?a. 89 times.b. 1.81 times.c. 1.14 times.d. 88 times.e. 2.02 times.

Answers

Answer:

See below

Explanation:

Given the information above, Quick ratio is computed as shown below;

Quick ratio = Quick assets / Current liabilities

Where,

Quick assets = Cash and cash equivalents + Marketable securities + Account receivables

Current liabilities = Bills payable + Accounts payable + Other short term liabilities

From the balance sheet, Quick assets includes cash and account receivables, while Current liabilities includes Accounts payable only

Quick ratio = $350 + $1,080 / $1,610

Quick ratio = $1,430/ $1,610

Quick ratio = 0.89 times

Therefore, the quick ratio for 2017 is 0.89 times

Tip Top Corp. produces a product that requires 11 standard gallons per unit. The standard price is $4.5 per gallon. If 4,500 units required 50,500 gallons, which were purchased at $4.27 per gallon, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance

Answers

Answer:

Explanation:

To calculate the direct material price, quantity, and total variance; we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (4.5 - 4.27)*50,500

Direct material price variance= $11,615 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (11*4,500 - 50,500)*4.5

Direct material quantity variance= $4,500 unfavorable

Total direct material cost variance= 11,615 - 4,500

Total direct material cost variance= $7,115

Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the complexities of many manufacturing processes. Many companies use activity-based costing (ABC) which uses multiple drivers (items that consume resources) rather than just one driver to apply overhead to their activities. With ABC, a company can use a cost driver that has a direct cause/effect relationship in its applied overhead costs. Waterways looked into ABC as a method of costing because of the variety of items it produces and the many different activities in which it is involved. The activities listed below are a sample of possible cost pools for Waterways. Assembling Payroll Billing Plant supervision Digging trenches Product design Janitorial Purchasing materials Machine maintenance Selling Machine setups Testing Molding Welding Packaging For each of the above cost pools, what would be the likely activity cost driver

Answers

Answer:

Waterways Corporation

Cost Pools                       Possible Activity Cost Drivers

Assembling                     Direct labor hours

Payroll                              Number of employees

Billing                               Number of invoices

Plant supervision            Number of factory workers

Digging trenches            Depth of trenches

Product design                Number of designs

Janitorial                          Floor space

Purchasing materials      Units of materials

Machine maintenance    Maintenance hours

Selling                              Units sold

Machine setups              Number of machine setups

Testing                            Testing hours

Molding                            Number of units molded

Welding                            Machine hours

Packaging                        Number of units packaged

Explanation:

a) Cost Pools for Waterways:

Assembling

Payroll

Billing

Plant supervision

Digging trenches

Product design

Janitorial

Purchasing materials

Machine maintenance

Selling

Machine setups

Testing

Molding

Welding

Packaging

You are sitting next to a person in business class on a flight from Los Angeles to Sydney, Australia. You mention to that person that you got your ticket two months ago for only $12,500. The person responds that she bought her ticket two days ago for $7,800. This sometimes happens because airlines often use an approach called:

Answers

Answer:

price discrimination (third degree price discrimination)

Explanation:

Price discrimination is when the same product is sold at different prices to customers in different markets

types of price discrimination

1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.

2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.  

3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students  

Account as a product of antiquity?
Can someone please clearly explain this for me ?
Quick answer..
Kind of need it fast

Answers

Answer:

Egypt used pictures, words, and numbers to keep tabs on agricultural production so that it could feed its ever-increasing population. The accounting system was also used to keep track of ceremonies and religious events, monument and public works projects, as well as labor control.

I like your mom so put me on with her and tell to call me asap. Tell her last night was fun tell her we need to do it again

While attending a show you are disturbed by a child behind you who talks incessantly while repeatedly kicking the back of your seat.You respond by occasionally turning around and fidgeting in your seat.What type of conflict-management style are you exhibiting?
A) collaboration
B) competition
C) accommodation
D) avoidance
E) withdrawal

Answers

Answer: avoidance

Explanation:

Conflict avoidance occurs when a person avoids conflict by not reacting to it and rather changes the subject or avoids fighting back.

Since the person doesn't confront the child whom talking incessantly while repeatedly kicking the back of the seat but rather occasionally turns around and fidgets in the seat, then the type of conflict-management style being exhibited is avoidance.

Indicate where the event common stock issued for cash would appear, if at all, on the indirect statement of cash flows. Group of answer choices Operating activities section Investing activities section Financing activities section Does not represent a cash flow

Answers

Answer: Financing activities section

Explanation:

The Financing Activities are refered to as the transactions which affect the long-term liabilities and equity of the company.

In the case if the question given, the common stock that's issued for cash would appear in the financing activities section due to the fact that the activity is related to finance and affects the company.

- Màng quấn PE có tính chất hóa học của hydrocacbon không tác dụng trong môi trường có axit, thuốc tím, kiềm.

- Không màu mùi, hòa tan kém trong nhiệt độ cao.

https://hanopro.com/mang-pe-cuon-pallet/dac-diem-cua-mang-cuon-pe.html

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Match these terms with their definitions.

a. The rate that reflects the provisions of the debt instrument, the credit standing of the borrowing business, and the current conditions in the credit markets and the economy as a whole.
b. The rate found in the debt contract that determines the amount of the interest payment.
c. Occurs when a bondâs issue price exceeds its face value.
d. The amount that must be repaid at maturity.
e. A type of liability which requires the issuing entity to pay the face value to the holder on the maturity date and to pay interest periodically at a specified rate.
f. Occurs when a bond is issued for an amount that is less than the principal.
g. Term referring to the date that a bondâs principal has to be repaid.

1. Bond.
2. Contract, coupon, stated rate.
3. Discount.
4. Face value, par value, principal.
5. Market rate, yield.
6. Maturity.
7. Premium.

Answers

Answer and Explanation:

The matching is as follows

a. 5. Market rate, yield. as it represent the debt instrument provisions, credit standing, and the present conditions

b. 2. Contract, coupon, stated rate, this represent that rate that could be find in the contract of the debt that measures the interest payment amount

c. 7. Premium. this is the case when the issue price of the bond is more than the face value

d. 4. Face value, par value, principal. It is the amount that should be repay at the maturity

e. 1. Bond. It is the liability that needs the entity to pay off the face value on the maturity date

f. 3. Discount. It arise when the issue price of the bond is lower than the principal

g. 6. Maturity. it refers to the date when the principal of the bond is repaid  

Paving LLC is a foreign limited liability company in the state of Ohio. In dealing with Paving, Ohio will apply the law of the state where the firm a. is headquartered. b. was formed. c. will receive consistent treatment. d. does business.

Answers

Answer: B. Was formed

Explanation:

Limited liability companies that are doing business in the states other than the states that they registered originally may have to seek the status of foreign LLC in such states.

Therefore, since Paving LLC is a foreign limited liability company in the state of Ohio. In dealing with Paving, Ohio will apply the law of the state where the firm was formed. Therefore, the correct option is B.

While dealing with Paving, Ohio  will apply the law of the state where the firm does business.

Foreign Limited liability which are formed elsewhere do operate under the the State's regulations and policy.

Business have to be registered with every state regardless of whether they have been in existence elsewhere

When the registration is done, the state regulation, trade policy and rules will be stated to the newly established business in the state.

 

Therefore, Option D. is correct.

Learn more about LLC here

brainly.com/question/18567855

In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. collected the following information:

Payment for the early extinguishment of long-term notes (book value: $100 million) $108.1
Sale of common shares 352.1
Retirement of common shares 244.1
Loss on sale of equipment 4.1
Proceeds from sale of equipment 16.1
Issuance of short-term note payable for cash 20.1
Acquisition of building for cash 14.1
Purchase of marketable securities (not a cash equivalent) 10.1
Purchase of marketable securities (considered a cash equivalent) 2.1
Cash payment for 3-year insurance policy 6.1
Collection of note receivable with interest (principal amount, $22) 26.1
Declaration of cash dividends 66.1
Distribution of cash dividends declared in 2020 60.1

Required:
a. Prepare the investing activities section of Millennium's statement of cash flows for 2018.
b. Prepare the financing activities section of Millennium's statement of cash flows for 2018.

Answers

Answer and Explanation:

The preparation of the investing and the financing activities is presented below:

1) Investing activities

Proceeds from the sale of equipment 16

Purchase of building -14

Purchase of marketable securities -10

Collection of notes receivable 26

Net cash flow from investing activities 18

2) Financing activities

Payment of long term notes -108

Sales of common share 352

Retirement of shares -244

Issue short term notes payable 20

Dividend paid -60

Net cash flow from financing activities -40

Which of the following is an example of​ investment? A. a person depositing $ 100 a week to her savings account B. a person's annual medical checkup C. the purchase of new buses by Greyhound D. a student increasing his human capital by attending college

Answers

Answer:

C. the purchase of new buses by Greyhound

Explanation:

The investment is the amount that should be invested in order to generate the income

So as per the given situation,the option C is correct as if we puchase the new buses so there is a big investment but after investing into it it generated the income on daily basis

So this should be the example of the investment

Kaspar Industries expects credit sales for January, February, and March to be $205,200, $266,800, and $316,800, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.
Collections from Customers
Credit Sales January February March
January
February
March

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.

Sales:

January= $205,000

February= $266,800

March= $316,800

Cash collection January:

Sales in cash from January= 205,000*0.75= 153,750

Total cash collection January= $153,750

Cash collection February:

Sales in cash from February= 266,800*0.75= 200,100

Sales in account from January= 205,000*0.25= 51,250

Total cash collection February= $251,350

Cash collection March:

Sales in cash from March= 316,800*0.75= 237,600

Sales in account from February= 266,800*0.25= 66,700

Total cash collection March= $304,300

Instead of issuing securities, Artificial Intelligence Inc. pursues other sources of funds. To obtain venture capital financing, the firm will most likely:_______.a. pool funds to invest in a business venture. b. give up a share of its ownership. c. borrow funds to be returned on a designated maturity date. d. pay periodic dividends.

Answers

Answer:

The answer is B.

Explanation:

The correct option is B. - give up a share of its ownership. Venture capitalist invest in a start up ventures or small businesses that they believe have high future prospects.

Because venture capitalists are exprienced business wise and have enough money, they tend to make or provide managerial decisions. The business will be in form of partnership, hence, Artificial Intelligence Inc. giving up part of its ownership.

It is not a must venture business pay a periodic dividend but business capitalist share in the profit or loss of the business.

The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the

Answers

Answer:

international model

Explanation:

In the case when the managers use the core capabilities of the organization in over to diversify into the foreign markets so this we called as the international model. As due to this the organization could capture the foreign market share this result in increased in the sales of the organization

So as per the given situation, the above represent the answer

Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:
1. 70,000 shares of $14 par common stock.
2. 7,500 shares of $100 par, 7 percent, non-cumulative preferred stock.
On June 10, Weaver Corporation declared the annual cash dividend on its 7,500 shares of preferred stock and a $2 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20.
Prepare general journal entries to record the declaration and payment of the cash dividends.

Answers

Answer:

Preferred shareholder (7,500*$100)*7%   $52,500

Common shareholder (70,000×$2)          $140,000

Total dividend                                            $192,500

Date         General Journal                  Debit         Credit

10 June     Dividend                            $192,500

                        To dividend payable                      $192,500

                 (To record dividends payable)

20 June    No entry required

01 July       Dividend payable              $192,500

                         To cash                                           $192,500

                  (To record dividend payment)  

31 Dec      Retained earning               $192,500

                         To dividends                                   $192,500

                (To close dividend account)

Ricky is not in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.

Answers

Answer:

The options are

A) as small as possible; all

B) equal; all

C) equal; normal

D) maximized; all

The answer is B) equal; all

Ricky not being in a consumer equilibrium and he considering the prices prices of goods means he allocated all his income in such a way that entails his marginal utility per dollar spent is equal for all goods.

This is to ensure that he cuts cost and maximizes his spending power.

During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $67,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:

Answers

Answer: Credit to manufacturing overhead of $67000.

Explanation:

The journal entry to record the application of Manufacturing Overhead to Work in Process would be:

Debit Work in Progress $67000

Credit Manufacturing overhead $67000.

( To record the application of manufacturing overhead to work in process).

The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June, 37,500 units were started into production. The June 30 work in process inventory consisted of 8,000 units that were 100% complete with respect to materials and 40% complete with respect to conversion. 3. How many units were completed and transferred to finished goods during the period?

Answers

Answer:

The units completed and transferred to finished goods during the period were:

= 34,500 units.

Explanation:

a) Data and Calculations:

                                           Units  Materials Cost  Conversion Cost  Total

Beginning work in process 5,000     $16,000         $12,000           $28,000

Degree of completion of WIP               100%                50%

Units started                     37,500

Units available                  42,500 (5,000 + 37,500)

Ending work in process     8,000        100%                40%

Units completed             34,500 (42,500 - 8,000)

Equivalent units using the weighted average method:

                                                              Materials            Conversion

Units completed and transferred out   34,500 (100%)   34,500 (100%)

Ending work in process at June 30        8,000 (100%)     3,200 (40%)

Total equivalent units                            42,500              36,700

Vincenzo Martin and Sasha Boudrakis have started a new firm, The Fan Base. Vincenzo is a well-known marketing guru who advises major league sports franchises on how to maximize the revenue from their teams' brands and logos. Sasha, meanwhile, is mostly silent in the operation. He has invested $2 million to get The Fan Base off the ground, and in return he receives 25% of the firm's annual profits. The Fan Base is organized as a Group of answer choices corporation. limited liability company (LLC). sole proprietorship. general partnership. limited partnership.

Answers

Answer: limited partnership

Explanation:

With the description given in the question, the The Fan Base is organized as a limited partnership. A limited partnership has a general partner, whom has an unlimited liability and a limited partner.

A limited partnership is when two or more partners go into business together, and in this case, the limited partners will be liable only up to the amount that they invested in the business.

Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 11,250 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used.
Cost Element Standard (per unit) Actual
Direct materials 8 yards at $4.40 per yard $375,575 for 90,500 yards
($4.15 per yard)
Direct labor 1.2 hours at $13.40 per hour $200,925 for 14,250 hours
($14.10 per hour)
Overhead 1.2 hours at $6.10 per hour $49,000 fixed overhead $37,000 variable
overhead (fixed $3.50; variable $2.60)
Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $49,000, and budgeted variable overhead was $36,400
Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round answers to 0 decimal places, e.g. 125.)

Answers

Answer: See explanation

Explanation:

1. The total, price, and quantity variances for materials will be:

Actual Production = 11250

Standard Quantity of Direct Material Required per unit = 8

Standard Quantity of Direct Material required (SQ) = 11250*l × 8 = 90000

Standard Price per Yard (SP) = 4.4

Actual Direct Material (AQ) = 90500

Actual Price per Pound (AP) = 4.15

Total Material Variance:

= (SP × SQ) - (AP × AQ)

= (4.40 × 90000) - (4.15 × 90500)

= 396000 - 375575

= 20425

Direct Material Price Variance:

= AQ × (SP - AP)

= 90500 × (4.40 - 4.15)

= 90500 × 0.25

= 22625 Favourable

Direct materials quantity variance:

= SP × (SQ - AQ)

= 4.40 × (90000 - 90500)

= 4.40 × -500

= -2200 Unfavourable

2. The total, price, and quantity variances for labor will be:

Actual Production = 11250

Standard Hours Required per unit = 1.2

Standard Hours required (SH) = 11250 × 1.20 = 13500

Standard Rate per Hour (SR) = 13.4

Actual Hours required (AH) = 14250

Actual Rate per Hour (AR) = 14.1

Total Labour Variance:

= (SR × SH) - (AR × AH)

= (13.40 × 13500) - (14.10 × 14250)

= 180900 - 200925

= -20025 Unfavourable

Dircet Labour RateVariance:

= AH × (SR - AR)

= 14250 × (13.40 - 14.10)

= 14250 × -0.7

= -9975 Unfavourable

Direct Labour efficiency variance:

= SR × (SH - AH)

= 13.40 × (13500 - 14250)

= 13.40 × -750

= -10050 Unfavourable

Crane Company, organized in 2019, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2020.

1/2/20 Purchased patent (9-year life) $387,900
4/1/20 Purchase goodwill (indefinite life) 341,000
7/1/20 Purchased franchise with 10-year life; expiration date 7/1/30 421,000
8/1/20 Payment of copyright (5-year life) 145,200
9/1/20 Research and development costs 211,000
$1,506,100

Required:
Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles.

Answers

Answer:

Date                Account title                                            Debit               Credit

12/31/2020      Patent                                                   $387,900

                        Goodwill                                               $341,000

                        Franchise                                              $421,000

                       Copyright                                              $145,200

                        Research and Devel. Expense             $211,000

                        Intangible Assets                                                         $1,506,100

The individual intangible asset accounts will be debited as shown above. Research and Development costs are not to be capitalized however according to U.S. GAAP and so will go to expenses.

1- Introduction to Business class is to observe the use of groups in a large manufacturing business. The students notice that most groups are arranged by reporting relationships. Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees. Jane finds that the executives of the company have formed a team consisting of themselves, some middle managers, and a few hourly employees to work on improving work processes and efficiency within the company. This group has been in existence for 5 years and is going strong . The group of managers that Bill discovers is an example of:

A) an informal interest group.

B) a formal group.

C) A fun group.

D) a quality group.

Answers

Answer:

Option B (a formal group) is the correct approach.

Explanation:

The formal groupings are created purposefully as well as deliberately together to focus group members' continued efforts, in particular their workers, towards achieving their corporate goals.It must be utilized to aid this same right decision-making, even though many persons come up with competing processes and strategies which would have been seen as superior choices.

The other given choices are not connected to the given instance. So the above is the right choice.

The Upstart Company has the following production function.

Number of Workers Number of Cases Produced
0 0
1 10
2 19
3 26
4 31
5 34

If the company hires 4 workers, which of the following could be the real wage rate?

a. 2
b. 4
c. 6
d. 8

Answers

Answer:

b. 4

Explanation:

The computation of the real wage rate is as follows:

Number of workers      Number of cases produced    Marginal product

0                                                  0                                                        -

1                                                   10                                             10

2                                                  19                                             9

3                                                  26                                            7

4                                                 31                                              5

5                                                34                                               3

At optimal MP = real wage rate.

So,  

For 4th worker , MP is 5

And for 5th worker ,MP is 3

So in the case when we hire 4 workers so the real wage rate should lies in between of 3 and 4

Therefore the real wage rate is 4

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