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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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A manager must whether to buy machine A or B. Machine costs are as follows: A $52,000 each; B $100,000 each Product forecast and processing times on the machines are as follows Processing Time per unit (minutes) Product Annual Demand A B 1 8,000 2 18,000 3 10,000 Assume that only purchasing costs are being considered. Which machine would have the lowest purchase cost and how many of that machine would be need? Machines operate 8 hours a day 250 days per year. The machines differ in hourly operation costs. The A machines have an hourly operating cost of $12 each and B machines have an hourly operating cost of $30 each. What is the operating cost per year and which alternative should be selected to minimize total cost (for the first year) while satisfying the processing requirements? Edit Format Table 12pt v Paragraph v BIUA ev T?v||: MacBook Air esc 80 888 DII F1 F2 F3 F4 F5 F6 F7 FR @ # $ % 1 2 3 4 5 7 8. Q W E R T Y A S D F G < CO
Secretaries are failing in terms of filling, by doing proper and accurate filling in the work place. Discuss the cause of the failure.
What can be an enhancement to a nursing program? Such as a certain club or activity or project that nursing students can do that is an original idea and not something already included in nursing programs. EXAMPLE: A journalism student might propose that the department host a “Newsroom Daily” optional Saturday event for students. The faculty would set up a mock web publication newsroom at the college. They would invite volunteer reporters, news editors, web editors, photographers and layout designers from local media outlets to staff the mock newsroom. Students would spend a Saturday trying out the reporting and specific editing roles as the group simulated covering a major news story. After participating, students would take away a better understanding of specific newsroom jobs and their inter-relation as well as have networking opportunities with local media companies. The media volunteers would enjoy a chance to “pay it forward” and recruit potential interns
What does it imply when someone says they have a "operation call"?
Statement of the ProblemKuala Lumpur Hospital, as we all know, is one of Malaysia's busiest hospitals. This is due to the fact that it admits a diverse range of patients suffering from a diverse range of disorders. These patients have arrived as a result of the health sector that operates in this facility. In other words, the departments within it are quite diverse. As a result, the hospital must deal with a high volume of both existing and new patients. Employees are required to gather patient personal information such as name, address, and so on for all of these admissions. It intends to capture and save their data for further use. Employee admissions, such as physicians and nurses, should also be recorded by the hospital. Furthermore, the hospital must manually record the many departments, rooms, and physicians in hospitals. It is also required to keep frequent records of patients, patients admitted to the hospital, doctor exams on patients, patients who have had surgery, and…
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 4,300 of these meals using 1,250 direct labor-hours. The company paid its direct labor workers a total of $11,250 for this work, or $9.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $8.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,300 meals? 2. What is the standard labor cost allowed (SH × SR) to prepare 4,300 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance?
The company has the following information about its two service departments and two production departments, Cutting and Assembly: Departments SquareFeet Number ofEmployees Maintenance Department 500 20 Cafeteria Department 1,400 10 Cutting Department 1,500 60 Assembly Department 7,100 20 What is the percentage (proportional) usage of the Maintenance Department by the Cutting Department?

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