Purple Airlines has ordered 30 small jets from its supplier. The supplier has estimated the first aircraft will require 350 days of direct labor to manufacture and assemble. Based on past experience, the supplier estimates the learning curve to be 75%. Estimate the number of days of direct labor for all 30 jet aircrafts.
A. 3,000.5 days
B. 4,006.1 days
C. 3,456.7 days
D. 4,567.3 days
B. 4,006.1 days
You might also like to view...
Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
Balance Sheet (Millions of $) Assets2016 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories 13,440.0 Total current assets$24,654.0 Net plant and equipment 17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals 4,620.0 Total current liabilities$18,480.0 Long-term bonds 10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings 9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$ 1,029.0 Earnings bef int and taxes (EBIT)$ 2,497.0 Less interest 1,050.0 Earnings before taxes (EBT)$ 1,447.0 Taxes$ 314.0 Net income$ 1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$ 509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's equity multiplier? A. 3.33 B. 3.50 C. 3.68 D. 3.86 E. 4.05
A company issued a mortgage note for land valued at $450,000 . The transaction would be reported on a:
a. statement of cash flows as both an investing and financing activity. b. statement of cash flows as an investing activity. c. separate schedule accompanying the statement of cash flows. d. retained earnings statement. e. balance sheet.
An indorsement that contains some sort of instruction from the indorser is known as a ________
A) nonrestrictive indorsement B) restrictive indorsement C) qualified indorsement D) special indorsement
Which of the following will help you to build self-esteem?
a. focusing on your failures. b. keeping your good qualities to yourself. c. engaging in positive self-talk. d. all of these choices.