A travel agency processed 10,000 customers on Day 1 with a staff of 12, and 15,000...
A travel agency processed 10,000 customers on Day 1 with a staff of 12, and 15,000 customers the on Day 2 with a staff of 15. What can be said about the productivity shift from Day 1 to Day 2?
Homework Answers
Total output refers to goods or services in dollars and number of labor hour refers to total number of man-hours required to produce the output. So productivity is the ratio of total output to the number of man-hours.
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A travel agency processed 10,000 customers on Day 1 with a staff
of 12, and 15,000...
Problem 2-7 The following table shows data on the average number of customers processed by several...
Problem 2-7 The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $15, the overhead rate is 1.2 times labor cost, and material cost is $4 per customer. Unit Employees Customers Processed / Day a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers...
93 3 pts Question2 Travel Agency A travel agency priced tickets between Chicago and Orlando. The...
93 3 pts Question2 Travel Agency A travel agency priced tickets between Chicago and Orlando. The passenger was to fly coach class round-trip, staying seven days. Calls were made directly to airlines and to travel agents with the following results. Note that the data reflects round-trip airfare. $227.00 $345.00 $600.00 $228.00 $428.00 $603.00 345.00 $229.00 $605.00 $339.00 $279.00 $407.00 Find the standard deviation of the quoted fare. (Round to the nearest 2 decimal places if needed). D Question 3 3...
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month
P1.1A (LO 3, 4) On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600...
0. 5. Travelbyus is an internet-based travel agency wherein customers can see videos of the cities...
0. 5. Travelbyus is an internet-based travel agency wherein customers can see videos of the cities they plan to visit. The number of hits daily is a normal distributed random variable with a mean of 1,000 and a standard deviation of 2,40. What is the probability of getting more than 900 hits? Gaga
12. Maximum Revenue) A car-rental agency can rent 100 cars per day at a rate of...
12. Maximum Revenue) A car-rental agency can rent 100 cars per day at a rate of $40 per day For each price increase of $1 per day, 2 less cars are rented. What rate should be charged to maximize the revenue of the agency?
SA 90-day, 12% note for S 10,000, dated May 1, is received from a customer on...
SA 90-day, 12% note for S 10,000, dated May 1, is received from a customer on account. The maturity value of the note is a. $10,000 $10,300 c. $450 d. $9,550 6.A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on May 21 at 15%, the proceeds are a. $170 b. $9,830 c. $10,000 d. $10,030 7.A 60-day, 12% note received from a customer for $50,000, dated May...
Chapter 5 Staffing for Service 193 Cruising Travel Agency we have at the lower levels? I...
Chapter 5 Staffing for Service 193 Cruising Travel Agency we have at the lower levels? I can't for the life of me see why so many stay on at Cruising Travel. Of course, the best ones go somewhere else for more money and faster promotions. But I'm surprised that any of them at all stay. I wonder what they get out of it. And how can we help them to get more out of their jobs?" Mary Ammernen said she...
2) A travel agency is offering a special promotion for a 6-day holiday in Hawaii. They...
2) A travel agency is offering a special promotion for a 6-day holiday in Hawaii. They decided to do direct selling via phone to 400 families. The responses from the families are as follows: Income < $60,000 Income > $60,000 Booked the holiday 40 30 Did not book the holiday 210 120 Answer the following questions: (1 point each, except the first item, 2 points) 2a) Develop a joint probability table and show the marginal probabilities. 2b) What is the...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 3. 5. 6. 7. B. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April officerent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,500 cash is received from customers, and the balance of $,400 is billed to customers...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to...
Problem 2-7 The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $15, the overhead rate is 1.2 times labor cost, and material cost is $4 per customer. Unit Employees Customers Processed / Day a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers...
93 3 pts Question2 Travel Agency A travel agency priced tickets between Chicago and Orlando. The passenger was to fly coach class round-trip, staying seven days. Calls were made directly to airlines and to travel agents with the following results. Note that the data reflects round-trip airfare. $227.00 $345.00 $600.00 $228.00 $428.00 $603.00 345.00 $229.00 $605.00 $339.00 $279.00 $407.00 Find the standard deviation of the quoted fare. (Round to the nearest 2 decimal places if needed). D Question 3 3...
0. 5. Travelbyus is an internet-based travel agency wherein customers can see videos of the cities they plan to visit. The number of hits daily is a normal distributed random variable with a mean of 1,000 and a standard deviation of 2,40. What is the probability of getting more than 900 hits? Gaga
12. Maximum Revenue) A car-rental agency can rent 100 cars per day at a rate of $40 per day For each price increase of $1 per day, 2 less cars are rented. What rate should be charged to maximize the revenue of the agency?
SA 90-day, 12% note for S 10,000, dated May 1, is received from a customer on account. The maturity value of the note is a. $10,000 $10,300 c. $450 d. $9,550 6.A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on May 21 at 15%, the proceeds are a. $170 b. $9,830 c. $10,000 d. $10,030 7.A 60-day, 12% note received from a customer for $50,000, dated May...
Chapter 5 Staffing for Service 193 Cruising Travel Agency we have at the lower levels? I can't for the life of me see why so many stay on at Cruising Travel. Of course, the best ones go somewhere else for more money and faster promotions. But I'm surprised that any of them at all stay. I wonder what they get out of it. And how can we help them to get more out of their jobs?" Mary Ammernen said she...
2) A travel agency is offering a special promotion for a 6-day holiday in Hawaii. They decided to do direct selling via phone to 400 families. The responses from the families are as follows: Income < $60,000 Income > $60,000 Booked the holiday 40 30 Did not book the holiday 210 120 Answer the following questions: (1 point each, except the first item, 2 points) 2a) Develop a joint probability table and show the marginal probabilities. 2b) What is the...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 3. 5. 6. 7. B. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April officerent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,500 cash is received from customers, and the balance of $,400 is billed to customers...
On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to...
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