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olasank
2 months ago
6

A fleet repair facility has the capacity to repair 800 trucks per month. However, due to scheduled maintenance of their equipmen

t, management feels that they can repair no more than 600 trucks per month. Last month, two of the employees were absent several days each, and only 400 trucks were repaired. What is the efficiency of the repair shop?
Business
1 answer:
Scilla [3.8K]2 months ago
7 0

Answer:

The repair shop's efficiency stands at 66.67%

Explanation:

Efficiency refers to the effective utilization of resources like manpower, time, funds, materials, etc. Maximum output achievable with the available resources indicates efficiency.

Total Capacity of repair fleet = 800 trucks

Effective Capacity of repair fleet = 600 trucks

Actual Output = 400 trucks

Trucks Utilization = Actual Output / Total Capacity = (400 / 800) x 100 = 50%

Efficiency = Actual output / Effective Capacity = (400 / 600) x 100 = 66.7%

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Thus, we can conclude that tone is crucial in this scenario, as the recipient of the message can be emotionally influenced by the conveyed information.

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2 months ago
The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each y
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Response:

Year  Nominal wage  Real wage  Price level  Inflation rate

1                  $7                  $5                140             None

2                 $9                  $6                150               7.14 %

3                 $12                 $7.5             160              6.67 %

Explanation:

Note: A visual representation of the table is also provided.

The price level for Year 1 is calculated as (Nominal wage in year 1/Real wage in year 1) multiplied by 100.

Thus, Price level in Year 1 = ($7.00 / $5.00) * 100

Resulting in Price level in Year 1 = 1.4 times 100

Which gives Price level in Year 1 = 140

To find Real wage in Year 2: (Nominal wage in year 2 / Price level in year 2) multiplied by 100.

Which gives Real wage in Year 2 = ($9.00 / 150.00) * 100

Thus, Real wage in Year 2 = $6

To calculate Nominal wage in Year 3: (Real wage in Year 3 * Price level in Year 3) divided by 100.

<pthis results="" in="" nominal="" wage="" year="">

As a result, Nominal wage in Year 3 = $1,200 / 100

Leading to Nominal wage in Year 3 = $12

To determine Inflation rate in Year 2: (Price level in Year 2 - Price level in Year 1) divided by Price level in Year 1.

<phence inflation="" rate="" in="" year="">

Therefore, Inflation rate in Year 2 = 10 / 140

Giving Inflation rate in Year 2 = 0.0714, or 7.14 %

For Inflation rate in Year 3: (Price level in Year 3 - Price level in Year 2) divided by Price level in Year 2.

<pthis leads="" to="" inflation="" rate="" in="" year=""><pfinally inflation="" rate="" in="" year="" resulting="" or="">

</pfinally></pthis></phence></pthis>
6 0
2 months ago
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