Answer:
The combination Labour delivery room
Explanation:
Utilization refers to the degree by which available resource
is being used.
It is given by the ratio of total input to total output
The attached file shows a complete solution
Over a three day period, the combined labor and delivery rooms at Dahlia Medical Center had the greatest utilization rate given the number of rooms and babies born.
In order to determine facility utilization rate, we must consider how many babies were born in each type of room, the number of each type of room available, and the time period in question. In this case, the time span is three days. There were 60 babies born in separate labor and delivery rooms, 45 were born in combined labor and delivery rooms, and the remaining 4 babies (109-105) were presumably born in one of the 3 dedicated delivery rooms.
For the labor rooms, the utilization rate calculates as (60 babies/30 rooms)/3 days = 0.67. For the combined labor and delivery rooms, it is (45 babies/15 rooms)/3 days = 1. For the delivery rooms, we deduce that 4 babies were born so the calculation will be (4 babies/3 rooms)/3 days = 0.44.
Therefore, the combined laborand delivery rooms had the greatest utilization rate over the three day period.
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Answer:
4 V's of Operation
The 4 V's of operation are Volume, Variety, Variation, and Visibility. Let us take Mrs. Happy Food Cafe with over 100 outlets in Fiacton Town, as an example to illustrate the 4 V's of operation.
Volume: As a food cafe, the volume of production that will be required for some foods and drinks is so high that their provision requires repetitive tasks. Based on this, procedures are normally standardized in order to achieve low cost for foods and drinks. However, it is harder to standardize services, since personal touches are added by the servers based on their individual perceptions and abilities.
Variety: Mrs. Happy Food Cafe tries to bring some variety in her offerings to satisfy the various needs of her customers. While variety is naturally low in the Food Cafe sector, some cafes like Mrs. Happy Good Cafe, try to satisfy customers' demands by varying the foods with Continental, African, Latino cuisines and dishes.
Variation: At Mrs Happy Food cafes, the food and drinks do not vary much as customers expect to be served the same quality of services at any of their cafes. This is because the processes are standardized to achieve low cost. So, the variation is moderate.
Visibility: Customers of Mrs Happy Food cafes are not able to see and track their experiences of the the processes for the food preparation that they order. But, they can track the processes for the services because services are consumed as they are offered. So, visibility is 'Moderate," as it is divided between the hard goods and the soft goods. With respect to goods visibility is 'Low.' However, with respect to the services the customers' visibility of processes is high.
Explanation:
The 4 V's of operation describe the different characteristics of the processes that various entities use to transform their inputs into outputs of goods and services. They may be high, low, or moderate. They include, volume, variety, variation, and visibility.
The question is incomplete. Here is the complete question.
Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 79,000 Direct labor $ 41,000 Manufacturing overhead $ 19,000 Selling expenses $ 22,000 Administrative expenses $ 34,000 Required:
1) What is the total amount of product costs?
2) What is the total amount of period costs?
3) What is the total amount of conversion costs?
4) What is the total amount of prime costs?
Answer:
(1) product cost = $139,000
(2) period cost = $56,000
(3) conversion cost = $60,000
(4) prime cost = $120,000
Explanation:
(1) The total product costs can be calculated as follows.
= Direct material + direct labor + manufacturing overhead
= $79,000 + $41,000 + $19,000
= $139,000
(2) The period cost can be calculated as follows
= selling expenses + administrative expenses
= $22,000 + $34,000
= $56,000
(3) The conversion cost can be calculated as follows
= direct labor + manufacturing overhead
= $41,000 + $19,000
= $60,000
(D) The prime cost can be calculated as follows
= Direct material + direct labor
= $79,000 + $41,000
= $120,000
b. cultural
c. societal
d. economic
Answer:
a. technological
Explanation:
since in the given situation it is mentioned that the manufactured are concerned with respect to the availability of the electricity in the global marketplace. Now when the compatibility problem is there so this is the technological difference as here the compatibility is to be seen whether it is fiited or not
Therefore the option a is correct
Average accounts receivable (net) 100,000
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
a. Accounts receivable turnover.
b. Number of days' sales in receivables. _______ days
Answer:
a. 15 times
b. 24.3 days
Explanation:
The computations are shown below:
a. Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
= $1,500,000 ÷ $100,000
= 15 times
Now the Number of days' sales in receivables would be
= Total number of days in a year ÷ Accounts receivable turnover ratio
= 365 days ÷ 15 times
= 24.3 days
Answer:
$2960 yearly savings
Explanation:
From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.
EXPLANATION
You will need to contribute approximately $2,615.97 each year to your college fund to achieve your goal of $50,000 in 13 years, starting with $5,000 and earning 2% interest compounded annually.
To calculate how much you need to contribute every year to have $50,000 in a college fund for your daughter in 13 years with an existing $5,000 at a 2% annual interest rate, we need to use the future value of an annuity formula:
The future value of an annuity formula is FV = P × {[(1 + r)^n - 1] / r}, where:
Since you already have $5,000, we first need to find out how much this amount will grow to in 13 years at an annual interest rate of 2%. That's calculated using the compound interest formula:$5,000(1 + 0.02)^{13} = $6,727.09
Now, subtract this future value of your initial savings from the goal:$50,000 - $6,727.09 = $43,272.91
This is the amount that needs to be reached with the annual contributions. Plugging this back into the future value of an annuity formula, we solve for P:$43,272.91 = P × {[(1 + 0.02)^{13} - 1] / 0.02}We can now solve for P, which is the annual contribution required:P = $43,272.91 / {[(1 + 0.02)^{13} - 1] / 0.02} = $2,615.97
Therefore, you'd need to contribute approximately $2,615.97 each year to reach your $50,000 college fund goal in 13 years, assuming a 2% annual rate.
b. What is an example of a Veblen good?
c. Why do some consumers purchase Veblen goods?
Answer:
Find the answers below
Explanation:
A. Veblen goods are luxury goods sought after by wealthy people and for which these category of people increase their demand as the prices of the good increase (in contrast to the popular law of demand).
2. Examples are luxury houses or cars, jewelry etc.
3. Some customers buy these type of goods in order to show how wealthy they are or show their status.
A Veblen good is a luxury good that defies the law of demand by having an upward-sloping demand curve. An example is a luxury brand handbag. Some consumers purchase Veblen goods as a status symbol and for the exclusivity they confer.
a. A Veblen good is a type of luxury good that has an upward-sloping demand curve, meaning that as the price of the good increases, the quantity demanded also increases. This is contrary to the law of demand, which states that as the price of a good increases, the quantity demanded decreases.
b. An example of a Veblen good is a luxury brand handbag. As the price of the handbag increases, the demand for it also increases, as some consumers perceive the higher price as a status symbol and are willing to pay more for it.
c. Some consumers purchase Veblen goods because they derive satisfaction from owning and displaying luxury items as a symbol of their status and wealth. The higher price of Veblen goods can make them more desirable to certain consumers, as it signifies exclusivity and scarcity.
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