A car wash services 200 customers in an hour on a lovely Saturday afternoon. The car wash employs 5 washers at $6 per hour and uses $50 of water and $5 of electricity per hour. They charge $10 per car for their standard wash job
Which of these changes would have the greatest positive impact on their productivity?
A) increasing their service rate so they can process 210 cars per hour
B) cutting their employee pay by $1 per hour
C) charging $11 per standard wash job
D) introducing a new waterless system
Answer: D
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Which of the following seminal documents established the base for cooperation among the members of the EU?
A) The Treaty of Lausanne B) The Treaty of Greenville C) The Treaty of Maastricht D) The Treaty of Versailles
Zahra agreed to act as surety for a loan taken by her son, Rudo, from the Third National Bank. The terms of the loan provided that Rudo would pay the loan off in 12 monthly installments at 10 percent. If Rudo renegotiates the terms of the loan with the bank without Zahra's knowledge and is now obligated to pay the loan off in 12 monthly installments at 9 percent, which of the following statements is true?
A. Zahra must notify the bank in writing that she no longer wishes to act as surety in order to avoid liability under the new terms. B. Zahra is no longer obligated because her responsibilities as a surety cannot be changed without her consent. C. Renegotiation of the note by Rudo does not relieve Zahra of liability as surety because the new terms are more favorable than the original terms. D. Zahra must notify Rudo in writing that she no longer wishes to act as surety in order to avoid liability under the new terms.
The party borrowing money is usually called a ________
A) creditor B) mortgagee C) debtor D) beneficiary
In regards to corporate income tax, which of the following statements is incorrect?
A) Federal income taxes are calculated on a corporate tax return. B) Income Tax Expense is recorded when the federal income tax is paid. C) When the corporation files its federal corporate tax return and makes payment, the account Income Tax Payable is credited. D) The amount income taxes that the corporation owes but has not yet paid is classified as a current liability.