I JUST NEED HELP IN DECIDING WHICH WAY TO SOLVE. I LIKE TO SOLVE THEM BUT I AM HAVING TROUBLE SETTING THEM UP...
1. THE BOARD GAME SKRIBIN HAS DAILY SALES OF 12UNITS. IT TAKES 28 DAYS TO RECEIVE A NEW SHIPMENT. NO SAFETY STOCK IS PURCHASED. WHAT IS THE REORDER POINT FOR THE GAME?
2. FIVE PERCENT OF A COMPAY'S PROFIT OF $472,000 ARE TO BE SHARED WITH 4 SUPERVISORS. THIRTY PERCENT OF THE PROFITS AR ETO BE SHARED WITH 48 HOURLY EMPLOYEES. WHAT PROFIT SHARING AMOUNT DID EACH O THE SUPERVISORS AND HOURLY EMPLOYEE GET?
3. A CONTRACT EMPLOYEE IS PAID z$24 AND HOUR FOR THE SAME WORK DONE BY A FULL-TIME EMPLOYEE WHO EARNS $19 AND HOUR PLUS 37% IN BENEFITS. wHICH EMPLOYEE COSTS MORE TO HIRE PER HOUR , AND HOW MUCH MORE?
4. BEAR COUNTRY WILL PAY A COLA EQUAL TO THE 0.7% RISE IN THE CPI LAST QUARTER. IF TABATHA IS NOW PAID $18.70 AN HOUR BY THE COUNTY. WHAT WILLBE HER NEW HOURLY RATE WHEN THE RAISE IS GIVEN?
5x+4=9
two friends argue over how much to bill for a two hour ranking job. they charge their normal hourly rate plus $2.75 for lawn bags. write and solve equations to show how each friend could be correct
1. To determine the reorder point for the game Skribin, you need to consider the lead time demand and the safety stock. However, in this case, the problem states that no safety stock is purchased.
The lead time demand can be calculated by multiplying the average daily sales by the lead time. In this case, the daily sales are 12 units and the lead time is 28 days. So, the lead time demand would be 12 units/day * 28 days = 336 units.
Since there is no safety stock, the reorder point would be equal to the lead time demand. Therefore, the reorder point for the game Skribin would be 336 units.
2. To determine the profit sharing amount for each supervisor and hourly employee, we need to calculate how much each group is entitled to based on the given percentages.
For the supervisors:
5% of the profit ($472,000) is to be shared with 4 supervisors.
So, the amount each supervisor would receive is (5/100) * $472,000 / 4 = $5,720.
For the hourly employees:
30% of the profit ($472,000) is to be shared with 48 hourly employees.
So, the amount each hourly employee would receive is (30/100) * $472,000 / 48 = $3,940.
Therefore, each supervisor would receive $5,720 and each hourly employee would receive $3,940.
3. To determine which employee costs more to hire per hour and how much more, we need to calculate the hourly cost for both the contract employee and the full-time employee.
For the contract employee:
The contract employee is paid $24 per hour.
For the full-time employee:
The full-time employee earns $19 per hour plus 37% in benefits.
37% of $19 is (37/100) * $19 = $7.03.
So, the full-time employee's total cost per hour would be $19 + $7.03 = $26.03.
Therefore, the full-time employee costs more to hire per hour by ($26.03 - $24) = $2.03.
4. To determine Tabatha's new hourly rate when the COLA (Cost of Living Adjustment) is given, we need to calculate the increase in her hourly rate based on the 0.7% rise in the CPI (Consumer Price Index).
The increase in her hourly rate would be equal to (0.7/100) * $18.70 = $0.1309 (approximately).
So, Tabatha's new hourly rate would be $18.70 + $0.1309 = $18.8309 (approximately).
Therefore, Tabatha's new hourly rate when the raise is given would be approximately $18.83.