A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40minutes is needed to do a title search. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company A's softwarewould reduce the average search time by 10 minutes, at a cost of $3.50 per search. Company B's software would reduce the averagesearch time by 12 minutes at a cost of $3.60 per search.a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2decimal places. Omit the "$" sign in your response.)Productivity(Revenue per Dollar Input)$ApproachCurrentCompany ACompany B$b. Which option would have the highest productivity in terms of revenue per dollar of input?Company ACompany BCurrent

Meaning of Productivity Productivity means the production of goods with high quality and also at a…

Answered: a. Calculate the productivity in terms…

Business

Accounting

a. Calculate the productivity in terms of revenue per dollar of input. (R

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40
minutes is needed to do a title search. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company A's software
would reduce the average search time by 10 minutes, at a cost of $3.50 per search. Company B's software would reduce the average
search time by 12 minutes at a cost of $3.60 per search.
a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2
decimal places. Omit the "$" sign in your response.)
Productivity
(Revenue per Dollar Input)
$
Approach
Current
Company A
Company B
$
b. Which option would have the highest productivity in terms of revenue per dollar of input?
Company A
Company B
Current

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