The Lantern (a news clipping service) is considering an artificial intelligence (AI) product. Rather than manually clipping and photocopying articles of interest and mailing them to its clients, employees electronically input stories from most widely circulated publications into a database. Each new issue is searched for keywords, such as a client's company name, competitors' names, type of business, and the company's products, services, and officers. When matches occur, affected clients are instantly notified via an online network. If the story is of interest, it is electronically transmitted, so the client often has the story and can prepare comments for follow-up interviews before the publication hits the street. The manual process has fixed costs of$380,000 per year and variable costs of $6.10 per clipping mailed. The price charged to the client is $9.00 per clipping. An AI process can improve client targeting. The new service has fixed costs of $1,100,000 per year and variable costs of $2.15 per story electronically transmitted to the client.The present volume of business is 235,000 clippings per year. Many of the clippings sent with the current process are not of interest to the client or are multiple copies of the same story appearing in several publications. The new AI process believes that by improving service and by lowering the price to $5.7 per story, the AI will increase volume to 740,000 stories transmitted per year.If the forecasted increase in business is too optimistic, at what volume will the new AI service break even?

Answer:

Explanation:

(SP-VC)*Q

$(8-6)Q = $5500

Q=5500/2

Break even quantity = 2750 units per month

2. Sales = $8 x 2750 = $ 22,000

Answer:

Option (b) is correct.

Explanation:

Inflation rate refers to the rate at which the prices of goods and services are increased.

Inflation rate:

= Percentage Change in Consumer Price Index

= (100 - 110) ÷ 110

= - 10 ÷ 110

= - 0.0909, or - 9.09%

So, this is a Deflation of 9.09% (9.1%), and a deflation means that value of money has increased.

Answer:

D

Explanation:

According to an article published on modernhealthcare.com on Feb-2019, around 33% of total health care spending goes to hospital care. 33% calculates as to one-third of total health care spending portion.

Answer:

IRR = 25%

Explanation:

See the image below to get your answer.

Explanation: The question has a missing information for which Internal rate of return might change.

There was a cash flow in 2012 and then there was a cash flow in 2014. So, there was no cash flow in 2013. Whenever we have to find the IRR or NPV, we need each year's cash flow. Therefore, we have added 2013 cash flow as "0". With the help of excel, it is easy to find Internal rate of return. Just follow the image, you will find it easier.

Answer:

c. 7.63%; 7.06%

Explanation:

First we need to find the yield to maturity when we first bought the bond, the face value was 1,000 the present value was 945, the coupon payments were (0.07*1000)=70 and number of years to maturity were 15. We input the following into a financial calculator.

FV= 1,000

PV= 945

PMT= 70

N=15

Compute I= 7.63%

Now we need to find the ytm after one year of holding the bond, the future value is 1,000, the pv is 995, the number of years to maturity is 14 years and the payments are still 70,

FV= 1,000

PV=995

PMT=70

N=14

Compute I = 7.06%

The YTM changed from 7.63% to 7.06%

Answer:

The company's income statement would report Sales Revenue of $13 million

Explanation:

The journal entry for the transaction will be

==================================================================

         Particulars                                 Debit                     Credit

==================================================================

        Cash                                      $8.50 million          

        Accounts receivable            $4.50 million

   ( 13.5 million - 8.50 million)

        Sales revenue                                                         $13 million

==================================================================

hence,

The company's income statement would report Sales Revenue of $13 million

Final answer:

Under the accrual basis of accounting, the WeBuild Construction Company would report Sales Revenue of $13 million for the buildings sold and Accounts Receivable of $4.50 million for the yet-to-be-received payments on the income statement.

Explanation:

The question is about how to report transactions on an income statement under the accrual basis of accounting. When WeBuild Construction Company sold buildings totaling $13 million and received payments of only $8.50 million, the correct approach is to report Sales Revenue of $13 million. This is because under the accrual accounting method, revenue is recognized when earned, regardless of when cash payments are received. The remaining $4.50 million, which is the difference between sales and payments received, would be reported as Accounts Receivable, indicating the amount of cash that is expected to be collected in the future.

Accounts Receivable represents the money owed to a company by its customers for products or services provided on credit. In this case, the correct choice for the income statement would be Sales Revenue of $13 million as this figure represents the total amount of sales made by the company.

Answer:

86.36%

Explanation:

The efficiency of the conference facility is given by the number of people who attended the event divided by the effective capacity. If the effective capacity is considered to be the design capacity of 1,100, the efficiency of the conference facility for an attendance of 950 participants is:

[tex]E=\frac{950}{1,100}=0.8636=86.36\%[/tex]

The new efficiency is 86.36%

Answer:

$0

Explanation:

Given that

Estimated value of the meals = $1,300

Preparing cost of lunch = $560

Cost of the meals to the power company = $470

The income that is recognized from the meals should be zero as he took the lunch from the office premises only which is to be excluded while computing the gross income

Plus, he also likes to eat his lunch at the plant cafeteria due to nuclear emergencies

Final answer:

George's income from employer-provided meals may not be considered taxable if they are for the employer's convenience and on the business premises. However, without clear IRS guidance in the scenario, it's difficult to state a specific figure. Consulting a tax professional is recommended for an accurate determination.

Explanation:

George needs to recognize income from the employer-provided meals based on their fair market value (FMV). The value he places on the meals is $1,300, while his out-of-pocket cost if he prepared the meals himself would be $560. However, the IRS generally requires one to include in their income the amount their employer paid for the meals unless they are furnished for the employer's convenience and on the employer's business premises. In George's case, since he must be available for nuclear emergencies during his shift, it appears the meals are provided for the convenience of the employer, and thus may not be considered taxable income. To determine the exact amount of income George needs to recognize, one would need to refer to current IRS regulations or consult with a tax professional.

Answer:

The effect shall be an understatement of expenses and overstatement of net income. The impact shall be $ 4,350.  

Explanation:

The expired portion of prepaid insurance i.e 6 months from July 01 to year end needs to be adjusted. The adjustment amount shall be $ 4,350. calculated as under:

Prepaid Insurance $ 17,400

Period of benefit 24 months.

Adjustment for prepayment : 17400/24*6 = $ 4,350

The effect of not passing the entry would be an understatement of expenses and overstatement of net income

Answer:

The correct answer is letter "D": Explanatory.

Explanation:

Explanatory research typically is carried out when preliminary research was not made successfully, is unclear or vague. Explanatory research is based on factual data -mainly numerical- that allows the researcher to support the detailed descriptions that must be reported as conclusions of the study.

A study that relies primarily on quantitative data with qualitative follow-up is an example of a quantitative-dominant mixed methods design.

A study that primarily relies on quantitative data and uses qualitative data for follow-up is considered an example of a quantitative-dominant mixed methods design. This approach effectively combines both statistical analysis and detailed contextual understanding, reflecting the evolving landscape of research methodologies that emphasize the importance of triangulation in research. Such designs demonstrate how quantitative analysis can be enriched and contextualized with qualitative insights, providing a more comprehensive understanding of the research topic.

By employing a quantitative-dominant mixed methods approach, researchers can utilize the strengths of both quantitative and qualitative data to address complex research questions. This blend allows for robust testing of theories or hypotheses with quantitative data, while qualitative data provide a deeper insight into participant experiences, adding texture and meaning to the statistical findings.

Answer:

72000

Explanation:

Break even formula:

Break even in units=Fixed cost/Contribution margin per unit

= $ 36,000 / $ 6

= 6,000 Units

[Contribution margin=Sales price-Variable cost=12-6]

Break Even in Dollars = Break Even in Units * Selling Price Per Unit

= 6,000 Units * $ 12 Per Unit  = $ 72,000

Answer:

PVxa = $27,132.00, PVya = $26,413.00,

Explanation:

Present value (PV) is the value of the future expected cash flow. PV rests on the idea that the worth of a cash received is more than that of the cash promised to be received in the future. To calculate PV a stream of incomes to be received a number of period in the future, the following formula is used:

[tex]PV = C[\frac{1-(1+r)^{-n} }{r} ][/tex]

Where PV = present value

C = cash flow amount from the investment

r = discount rate

n = number of period, in this case years, to receive the cash flow.

The PV formula above is therefore employed to answer the question as follows:

Answer to question (a)

For Investment X in question (a)

PVxa = $4,200 * {[1-(1+r)^-n]/r}

PVxa = $4,200 * {[1-(1+0.05)^-8]/0.05}

PVxa = $4,200 * 6.463212759

PVxa = $27,145.49      

For Investment Y in question (a)

PVya = $6,100*{[1-(1+r)^-n]/r}

PVya = $6,100*{[1-(1+0.05)^-5]/0.05}

PVya = $6,100 * 4.329476671

PVya = $26,409.81  

Answer to question (b)

For Investment X in question (b)

PVxb = $4,200 * {[1-(1+r)^-n]/r}

PVxb = $4,200 * {[1-(1+0.15)^-8]/0.15}

PVxb = $4,200 * 4.487321508

PVxb = $18,846.75  

For Investment Y in question (b)

PVyb = $6,100*{[1-(1+r)^-n]/r}

PVyb = $6,100*{[1-(1+0.15)^-5]/0.15}

PVyb = $6,100 * 3.352155098

PVyb = $20,448.15  

Where PVxa, PVya, PVxb and PVyb represents PV for X and Y in questions (a) and (b).

Decisions:

1. In question (a) part where the PV of $27,145.49 of X is greater than $26,409.81 of investment Y, it is better to invest on investment X.

2. In question (b) part where the PV of $20,448.15 of Y is now greater than $18,846.75 of investment X, it is better to invest on investment Y.

The present value of Investment X at a 5% and 15% discount rate is $28,353.03 and $17,276.08 respectively, while Investment Y at the same rates is $26,320.73 and $18,716.64. The chosen discount rate significantly influences these present values.

The subject of this question is present value calculation for investments, which falls under business, specifically financial management or economics. We start by using the present value formula for an annuity: PV = Pmt *[1 - (1 + r)^-n] / r, where PV is the present value, Pmt is the payment received each period, r is the discount rate, and n is the number of periods.

Part a: If the discount rate is 5%, the present value for Investment X is 4200 *[1 - (1 + 0.05)^-8] / 0.05 = $28,353.03 and for Investment Y is 6100 *[1 - (1 + 0.05)^-5] / 0.05 = $26,320.73.

Part b: If the discount rate is 15%, the present value for Investment X is 4200 *[1 - (1 + 0.15)^-8] / 0.15 = $17,276.08 and for Investment Y is 6100 *[1 - (1 + 0.15)^-5] / 0.15 = $18,716.64.

In conclusion, different discount rates will affect the present value of investments. A higher discount rate will result in a lower present value, all else being equal.

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Answer:

More; A movement up along a given production function

Explanation:

A reduction in the interest rate of a given economy causes firms to increase their borrowing in order to make investement in projects that are more profitable. This cause firms to employ More capital goods.

Also, once firms increase capital goods, this increase in capital causes the Economoy's Gross Domestic Product (GDP) to rise along the production function.

It is however, important to note that a rise in the GDP along the production function does not lead to a shift in the production function. A shift in production function occurs when their is either improvement in labour skills or technological access or where there is an improvement in both factors.

Answer:

(A) Klatt should not acquire the shares until he has contacted Westtown's management and encouraged them to publicly announce the merger discussion. Kind might do fraud because he want Klatt to but 10000 for Kind's personal account.

The correct action for Marion Klatt, CFA, to take is C) not acquire the shares until the information is made public.

According to the CFA Institute's Code of Ethics and Standards of Professional Conduct, members are required to keep information confidential unless it has been made public or is in the public domain. In this scenario, Klatt has received material nonpublic information (MNPI) about Westtown Development Company's plans to acquire a major shopping mall chain at a favorable price. Trading on this information before it is publicly disclosed would constitute insider trading, which is both unethical and illegal.

 Option A suggests that Klatt should contact Westtown's management to encourage them to publicly announce the merger discussions. While it is important for the company to disclose material information to the public, it is not Klatt's responsibility to prompt the company to make such an announcement. Klatt's primary responsibility is to maintain confidentiality and not act on the information until it is publicly available.

 Option B states that Klatt should not acquire the shares at all. While this action would prevent insider trading, it is not necessary to avoid trading in Westtown shares indefinitely. Once the information is public, Klatt would be free to trade in the shares without violating any ethical standards.

 Therefore, the most appropriate course of action is option C, which aligns with the ethical and legal obligations of a CFA charterholder. Klatt must wait until the information regarding Westtown's acquisition is made public before executing any trades for Kind's personal account. This ensures that Klatt adheres to the principles of fairness, transparency, and integrity that are central to the CFA Institute's Code and Standards."

Answer:

b)9.1 percent

Explanation:

Data provided in the question:

1R1 = 13 percent,

1R2 = 16 percent3

E(2r1) = 10 percent

Now,

The liquidity premium theory is given as:

1 + 1R2 = [tex][ ( 1 + 1R1)\times(1 + E(2r1) + L2 )]^{\frac{1}{n}}[/tex]

for year 2, n = 2

Thus,

1 + 0.16 = [tex][ ( 1 + 0.13)\times(1 + 0.10 + L2 )]^{\frac{1}{2}}[/tex]

or

1.16² = [ 1.13 × ( 1.10 + L2)]

or

1.191  = 1.10 + L2

or

1.191 - 1.10 = L2

or

L2 = 0.091

or

L = 0.091 × 100% = 9.1%

b)9.1 percent

Answer:

The correct answer is letter "D": Multiple regression.

Explanation:

Multiple regression is a mathematical model used when one value is to be related to two or more variables. The value is independent and is typically the reason for the study and the variables are dependent and represent the factors of the value that must be tested and why the analysis is taking place.

Solution:

Reducing hours would reduce demand for commercial revenue hours by 20%, from 138  hours to 110 hours. At that level, the total contribution would be:

110 hours x ($800 - $71.5) = $80,135 or $20,398 less than at present.

Raising the cost to $1,000 per hr for commercial clients would less demand by 30%. In March, the request had been for 138 hrs and a loss of 30% will also end up leaving 97 hrs of demand (138 hrs x 70 = 96.6 hrs).

Demand x Contribution per hour = Contribution 97 hours x ($1,000 - $71.50) = $90,064.5

Compare to present:

138 hours x ($800 - $71.50) = $100,533

The monthly contribution to fixed costs and income at $800 is greater by $10,469 than the contribution expected at $1,000. Therefore, the income will be higher if we retain the $800/hour price.

Answer:

(a) This will shift the supply curve of corn leftwards because a lot of corn would be destroyed from the drought.

(b) This will increase the demand and price for corn and hence, this will cause a movement along a supply curve.

(c) Reduction in the income level of the consumers will lead to reduce the demand and prices of the corn. Therefore, there is a movement along a supply curve.

(d) Increase in the productivity will cause a rise in the production of corn and hence, this will shift the supply curve rightwards.

(e) By advertising campaign, there is an increase in the demand for beef and therefore, this will increase the price of beef. Hence, cause a movement along a supply curve.

Events such as droughts or new farming technologies cause shifts in the supply curve for corn, while changes in consumer demand or government policies may lead to movement along the curve or shifts in the demand curve.

When analyzing the market for corn, various events can either cause a shift in the supply curve or a movement along the curve.

a. Drought in corn-growing regions: This will cause a leftward shift in the supply curve as it cuts the supply, indicating that less corn is available at any given price due to decreased production.

b. New subsidy for biofuels made from corn: This event can potentially increase the demand for corn, causing a rightward shift in the demand curve. However, it can also prompt a rightward shift in the supply curve for biofuels made from corn specifically, as producers are incentivized to increase production. For just the corn market, this is less direct and may not shift the supply of corn itself.

c. Global recession reduces incomes: This leads to a leftward shift in the demand curve for corn as a normal good, assuming that with lower incomes, the demand for corn falls. This represents a decrease in consumer demand, not a change in supply.

d. New hybrid corn seed increases yield: This causes a rightward shift in the supply curve because of increased productivity and thus more corn is available at any given price.

e. Advertising campaign highlights health benefits: This may increase demand for corn-fed beef, possibly leading to a movement along the supply curve for corn as more is demanded, rather than causing the curve itself to shift.

Overall, these examples illustrate the difference between changes in the conditions of supply (which lead to shifts in the supply curve) and changes in demand (which lead to movements along the supply curve or shifts in the demand curve).

Answer:

A.$63,000

Explanation:

The margin of safety is defined as the difference between the actual sales volume and the breakeven volume.

In this case, Tom's Taxidermy expects to sell 1,000 units at $70 each and their breakeven volume is 100 units, the margin of sales, in dollars, is:

[tex]MS = (1,000-100)*\$70\\MS=\$63,000[/tex]

The answer is A.$63,000.

Answer:

(A) net income is less than dividends

Explanation:

We know that

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

Since the beginning balance of the retained earning is more than the ending balance of the retained earning which represents that the dividend amount is more than the net income

Therefore, the most appropriate option is a.

If the retained earnings account decreases from the beginning of the year to the end of the year, it usually means that the company's net income is less than the dividends it paid out. Therefore, the correct answer to this question is option (A).

If a company's retained earnings account decreases from the beginning of the year to the end of the year, it generally indicates that the total amount of dividends paid out to shareholders is greater than the company's net profit for that period. In simpler terms, it means that the company's net income is less than its dividends. So, the correct answer to this multiple-choice question is option (A).

Let's consider an example. If a company starts the year with $500,000 in retained earnings and ends the year with $400,000, and it distributed $150,000 in dividends, this would mean the company had a net income of $50,000 for the year ($150,000 in dividends minus the $100,000 decrease in retained earnings).

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Answer:

The statement is False

Explanation:

Generally speaking, the statement is false considering the demand and supply curve. In this curve, when there is increase in demand, its implies that the consumers of the notebook still derived satisfaction on it and as such the producer of the notebook produces more and supply to the market will increase so that equilibrium point will be achieved. Until when law of diminishing return set in, and the people are not deriving satisfaction again, that is when the product may not be readily available.

Again if the supply curve is vertical, that is the producer is producing and supplying at fixed rate without putting into consideration the demands in the market, there will not be corresponding increase in supply with demands which can make statement to true.

The given statement is false.

The following information should be considered:

Therefore, we can conclude that the given statement is false.

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Answer:

$73,070.5

Explanation:

Inflation erodes the value of money. It makes more quantity of money to required to buy the same basket of food and services in the future.

With inflation, to calculate the the quantity of Dollars needed in n years time, we use the formula;

Inflated amount = h × (1 + f)^n

h= amount required today, f - inflation rate, n- number of years

So if Farrell needs $400,000 in 6 years time in real terms, with an inflation of 5% per year, he would need to have a quantity of money equal to

1.05^6 × 400,000 = $536,038.3.

To provide for $536,038.3  in 6 years time, he would need to contribute into a sinking fund on a yearly basis, an equal amount denoted as "A" in the formula below:

FV = A ×  ((1+r)^n  - 1)/r

FV - 536,038.3, r - 8%, n = 6

536,038.3 = A × ((1+0.08 )^(6) - 1)/0.08)

536, 038.3 = A × 7.3359

536,038.3/7.3359 = A

$73,070.5  = A

Farrell should invest at the end of every year

$73,070.5

Answer:

ROE is 0.164 or 16.4 %

Explanation:

In corporate finance, return on common equity (ROE) is an index of return on equity. It constitutes one of the most concise indices of the company's economic results. It is a percentage index for which the net income (NI) produced in a year is compared to the equity (Eq): the net capital, or equity of the year , that is to the production condition of direct relevance.

ROE=NI/Eq

If we have the characteristics of profit margin, total asset turnover and equity multiplier we can arrange new formula to calculate it as well. The equity on the first formula will be transformed to the nominator instead of denominator. The net income will also equal to the multiple of profit margin(PM) and total asset turnover(TAT). Then the new formula will be:

ROE= Eq Multiplier x PM x TAT= 1.45 * 1.33 * 0.85=0.164 or 16.4 %

Answer:

A. always increase with output.

Explanation:

There are basically 2 groups of cost namely; Fixed and variable cost.

The fixed cost are usually like sunk cost that will be incurred irrespective of how many units are produced.

Total variable costs refers to all elements of cost that vary proportionately with the level of activities or output. A good example is the direct material cost.

It is the total of the marginal cost over the units produced. The right answer is A. always increase with output.

Total variable costs, such as raw materials and labor costs, always increase with output. This is due to the need for additional resources as production increases. However, the per-unit variable cost remains constant.

The correct answer to this question is (A) Total variable costs always increase with output. This is because variable costs are expenses that change in proportion to the activity of a business. Examples of variable costs include raw materials, direct labor costs, and sales commissions. If a business produces more goods or services, the total variable costs will increase accordingly due to the need for additional materials, labor, and so forth.

However, it's important to note that the per-unit variable cost remains constant. That is, the cost of making one additional unit remains the same.

The other options listed do not correctly describe the behaviour of total variable costs in relation to output. Options (B) and (C) might be mistaken for the description of how average total costs behave in the short run due to economies of scale and diseconomies of scale. Option (D) is incorrect because total variable costs do not decrease with an increase in output.

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Answer:

They made Unstructured choices

Explanation:

Unstructured decisions are the kinds of decisions that involve judgment, observation, and perspective to fix the problem.

Therefore, this decision must be count in an Unstructured decision.

Answer: The corrects answers are: "a. If both firms are localized in position 1/2 (i.e., center of the line), neither firm has incentives to deviate and move to a different position.", "c. If Firm localize at the same point along the line, they will each sell to 50% of the consumers." and "d. If Firm 1 is located at position 1/2 (i.e., center of the line) and firm 2 is located somewhere else, then both firms have incentives to deviate and change their position along the line.".

Explanation: According to the Hotelling model of the competition between two firms:

a. If both firms are localized in position 1/2 (i.e., center of the line), neither firm has incentives to deviate and move to a different position. - If this were the case, it would be indifferent for customers to go to either.

c. If Firm localize at the same point along the line, they will each sell to 50% of the consumers. - This happens because each consumer will go to the nearest one.

d. If Firm 1 is located at position 1/2 (i.e., center of the line) and firm 2 is located somewhere else, then both firms have incentives to deviate and change their position along the line. - This happens because the strategy chosen is not suitable for either company.

Answer:

The correct answer is letter "A": economic development.

Explanation:

The Intellectual Property Rights (IPR) are the grants typically a government provides to individuals over their creations for a specific period. The provision promotes innovation within countries that have usually developed economies. These rights cover all tangible and intangible created within a territory and that could be subject to exploitation.

Answer:

attaining its objectives      

Explanation:

The organization objectives are tangible and explain clearly the activities necessary to accomplish a mission. Objectives define the strategies that your company will use to attain commercial success, quality of customer care, promotional incentives and any other tangible goals.

In other phrases, a company objective is a consequence a corporation is trying to accomplish. It also involves the techniques individuals will need to get to this place. A business goal typically includes a time period and profiles the existing resources.

Answer:

Part A:

Workers Needed=20.833≅21

Part B:

Productivity of individual worker=2.0833 parts/hour

Part C:

Multifactor productivity=0.0832 Parts/$

Explanation:

Part A:

Total parts =100,000

Workers needed= Total parts/(Parts per hour* hours per shift*Total Shifts)

[tex]Worker\ needed=\frac{100000}{10\ Parts/hour*8\ hours/shift*60\ shifts/worker} \\Workers\ needed= 20.833[/tex]

Workers needed=20.833≅21

Part B:

Productivity of individual worker:

[tex]Productivity\ of\ individual\ worker=\frac{100000}{100\ workers*8\ hours/shift*60\ shifts/worker} \\Productivity\ of\ individual\ worker=2.0833\ parts/hour[/tex]

Part C:

Total cost of material= $10*100,000=$1,000,000

Capital Costl= $100,000

Total labor Cost=[tex]21\ workers*8\ hours/shift*60\ shifts/worker*\$10/hour[/tex]

Total labor Cost=$100,800

Multifactor productivity=Total Parts/(Total cost of material+capital cost+Total labor Cost)

[tex]Multifactor\ productivity=\frac{100000}{\$1,000,000+\$100,000+\$100,800} \\ Multifactor\ productivity=0.08324\ Parts/\$[/tex]

The industrial plant needs approximately 21 workers per shift to meet its demand of 100,000 parts per month. An individual worker's productivity, if the shift consists of 100 workers, is 80 parts per worker-hour. The multifactor productivity, considering material, capital, and labor costs, is 0.048 parts per dollar.

In order to answer the questions related to the industrial plant's operations, we'll need to do a few calculations. For question a, we know that there are 20 workdays in a month and that each day consists of 3 shifts of 8 hours each. That is a total of 480 hours in a month. If the plant needs to produce 100,000 parts per month and a worker can produce 10 parts per hour, we'll need 100,000 / 10 = 10,000 worker hours. Thus, since there are 480 hours in a month, the plant would need 10,000 / 480 ≈ 21 workers per shift (rounded up).

For question b, if each shift has 100 workers, and each worker can produce 10 parts per hour for 8 hours, then each worker produces 80 parts in a shift, and the 100 workers together produce 8,000 parts per shift. If we again presume 60 shifts in a month (3 shifts per day for 20 days), then 60 shifts would produce 480,000 parts, which means the productivity of an individual worker is 480,000 parts per month divided by 6,000 worker hours, or 80 parts per worker hour.

Lastly, for question c, multifactor productivity represents the output per unit of combined inputs. The combined costs of material, capital, and labor here are (10 × 100,000) + 100,000 + (10 × 21 workers × 8 hours × 20 days × 3 shifts) = 2,104,000. Therefore, the multifactor productivity is 100,000 parts / 2,104,000 = 0.048 parts per dollar.

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Answer:

A: The director of internal auditing should report to the chief executive officer but have access to the board  of directors

Explanation: