Each new employee was put through a 1-month training program, and was assigned to an existing employee for an entire month. Normally an existing employee would work 160 hours per month. However, when an employee was assigned to perform training of a new-hire, the productive work hours for that employee dropped to 80 hours per month. During the training period, the trainee was paid $2,000 for the month. At the end of that time, the monthly salary increases to the standard salary for a regular customer service representative which is $3,500 per month.
Management wants to maintain the ending direct materials inventory at 60% of the following month's production needs. 4. Seventy percent of all purchases are paid in the month of purchase; the remaining 30% are paid in the subsequent month. 5. Watson's product requires 30 minutes of direct labor time.
I’m a stay at home mom of two little girls under the age of 2. I work about 15 hours per week for a National Medical Benefits Company. I have been with the company for only 4 months and am now making over $2000 a month! I started off making about $400 my first month, $800 my second and now I am up over $2000. With this company you do make residual income so your income increased each month!
We make 30,000 of these fire extinguishers per year. Each extinguisher requires one handle (assume a 300 day work year for daily usage rate purposes). Assume an annual carrying cost of $1.50 per handle; production setup cost of $150, and a daily production rate of 300. What is the optimal production order quantity? (4 points) Problem 4: We need 1,000 electric drills per year.
Most Federal employees earn both annual and sick leave. As a new full-time employee you can earn 4 hours of annual leave each 2 week pay period. When you have three years of service it increases to six hours every two weeks. At the 15 year mark it increases to eight hours every two weeks. You cannot carry more than 30 days of annual leave into the next leave
A company offers a starting yearly salary of $33,000 with a raise of $2,500 per year. Find the total salary over a 10-year period. an = a1 + (n - 1)*d, [where n = 10 years; a1 = $33,000; d = $2,500] a10 = 33,000 + (10 - 1) * 2,500 a10 = 33,000 + (9) * 2500 a10 = 33,000 + 22,500 a10 = 55,500 The total salary over a 10-year period will be $55,500. 7. Suppose you have $1 the first day of a month, $5 the second day, $25 the third day, and so on.
A dedicated lift team assists nurses and other staff when they cannot safely move patients. Since the initiative was launched in 2002, lift related injuries have fallen 60 percent. The team consists of 12 specially trained personnel who are available 21.5 hours per day, seven days a week. When a nurse needs assistance, he or she pages the team. Response time is about 15 minutes and the team averages about 100 calls per day.
* Current situation: * About 16,000 pieces of mail are sent per year. * 50 to 60 people manually stuffed envelopes two days in a month. * Quotes received from approved suppliers show that price is unfair. * University has about 1,200 approved suppliers, a list adjusted every three to five years. * Purchased folding machine had not been installed.
The Clean Clothes Laundry Corner Shawn Morris MG585 - Managerial Decisions September 20, 2013 Dr. John Theodore The Clean Clothes Laundry Corner (A) What is Molly’s current monthly volume? Molly’s fixed costs are $1,700 per month, and her variable costs are $0.25 per item, in which Molly is charging $1.10 per clothing item. Molly’s current monthly volume is 2,000 items. The answer was derived by using the following equation: $1,700 ÷ (1.1 – $0.25) = 2000 (B) If Molly purchases the new equipment, how many additional items will she have to dry-clean each month to break even? Using information given in question C, the $16,200 in new machinery will be divided up over 36 months.
* Improve – since there is always space for improvement, the committee is looking for ways how to make the parts of the process (such as: telephone operators’ handling of requests, procedures for determining who to call, engineering workloads) faster, more emphatic and more efficient in order to increase customers’ satisfaction. * Control and monitoring – there will be 12 to 18 months tracking, with monthly feedback to the manager or department head responsible for the improvement of the Sheraton Service Promise program. Top-Down Commitment: Top-level management commitment is crucial when implementing new quality standards and policies. In this case, high-level managers recognized the need for quality improvement and decided to start counter measures. It also plays in important role when monitoring the result, since they give the feedback to the department managers and are responsible for the new policies being integrated in the corporate culture.