A construction firm wants to estimate the direct labor of a worker who will perform multiple iterations of tasks. The worker must do a total of 20 of these activities to reach steady state. The time estimated to perform the 20th iteration is 2 hours, and the learning rate for this repetitive activity is 70%. The cost of labor is $40/hr. Estimate the direct labor cost for 20 iterations of these activities.
a. $2,767.25
b. $2,341.45
c. $3,456.65
d. $1,234.12
a. $2,767.25
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Answer the questions below. a.You are negotiating a book deal for your newest novel in which an economist single-handedly saves the world. The publisher offers to pay you an advance of $1 million today plus $500,000 at the end of each of the next three years. What is the present value of these payments, given the annual rate of discount is 5 percent? Show your work. b.You counter the publisher's offer with a counteroffer that will pay you $1.5 million today plus $5 per book sold in each of the next three years. You think you will sell 80,000 books each year in the next three years, but the publisher thinks you will only sell 40,000 books each year. Explain why both you and the publisher like this counteroffer better than the deal in part a. Show your work.
What will be an ideal response?
Designing and producing new products that customers want and doing it frequently and efficiently is associated with which of the eight key supply chain processes?
a. Customer service management b. Customer relationship management c. Manufacturing flow management d. Product development and commercialization
Select the correct equation format for the purchases budget.
A. Beginning inventory + expected sales = required purchases. B. Cost of budgeted sales + desired ending inventory - beginning inventory = required purchases. C. Cost of budgeted sales + beginning inventory - desired ending inventory = required purchases. D. Beginning inventory + expected sales - desired ending inventory = required purchases.
As a firm moves from the sales era to the marketing department era, it is likely to
A. place less emphasis on earning a profit and more emphasis on what customers will buy. B. have marketing people who develop long range plans-sometimes 5 or more years ahead. C. be more concerned with its ability to produce enough to meet demand. D. begin to integrate all the firm's marketing activities. E. adopt a more narrow view of marketing.