Software Solution (SOS) helps subscribers solve software problems. All transactions are made over the telephone. For the year 2021, 8engineers, most of whom are recent graduates, handled 109,000 calls. The average yearly salary for software engineers was $48,000.Starting in 2022, the firm retained and hired only software engineers with at least 2 years of experience. SOS raised the engineers'salary to $63,000 per year. In 2022, five engineers handled 117,000 calls.Required:1. Calculate the partial operational productivity ratio for both years.2. Calculate the partial financial productivity ratio for both years. (Round your answers to 4 decimal places.)202120221. Operational partial productivity2. Financial partial productivity

2021 Total Salary=$48,000×8=$384,000

Answered: Software Solution (SOS) helps…

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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Firm XYZ sells calculators. It operates in a plant worth $1,000,000 and maintains production equipment worth $3,000,000. Currently, it has 225,000 calculators in reserved inventory that it plans to sell next month to retail stores for $50 each. Its board of directors has $1.62 million in government bonds and $105,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $305,000. The capital stock of firm XYZ is S. (Enter your response rounded to the nearest dollar.)
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Asia Pacific Ltd started operating on 1 July 2017 with 12 employees. Three years later all of those employees were still with the company. On 1 July 2019 the company hired 15 more people but by 30 June 2020 only 10 of those employed at the beginning of that year were still employed by Asia Pacific Ltd. All employees are entitled to 13 weeks' long-service leave after a conditional period of 10 years of employment with Asia Pacific Ltd. At 30 June 2020 Asia Pacific Ltd estimates the following: • The aggregate annual salaries of all employees hired on 1 July 2017 is now $1,200,000. • The aggregate annual salaries of all current employees hired on 1 July 2019 is now $800,000. • The probability that employees hired on 1 July 2017 will continue to be employed for the duration of the conditional period is 40 per cent. • The probability that employees hired on 1 July 2019 will continue to be employed for the duration of the conditional period is 20 per cent. Salaries are expected to increase…
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! Required information [The following information applies to the questions displayed below.] Franklin Training Services (FTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients' offices on the clients' equipment. The only major expense FTS incurs is instructor salaries; it pays instructors $6,000 per course taught. FTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $700 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information. Required a. Relative to the number of students in a single course, is the cost of instruction a fixed or a variable cost? b. Determine the profit, assuming that 20 students attend the course. c. Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is the percentage change in profitability? d. Determine the…
McKinley, a large consulting firm in the UK, has a consulting staff consisting of 300 consultants at the rank of "associate." On average, a consultant remains at the associate level for 2 years. After this time, 30% of the consultants are promoted to the rank of "engagement manager"; the other 70% have to leave the company. In order to maintain the consulting staff at an average level of 300 associates, how many new consultants does McKinley have to hire each year at the associate level? Multiple Choice O O O 100 associates per year 200 associates per year 150 associates per year 600 associates per year
KLB plc is one of your audit clients for the previous 8 years. The following information are available: The audit team included a manager and two juniors. The client was asking to finish the audit work early this year otherwise they are going to change the auditor next year. One-week bonus was paid to the audit team through their payroll as the client was happy that they finished auditing 5 days earlier than theplanned audit time. The audit team got 10% discounts on the client’s products. Thesame discount is normally given to the client’s staff. Your firm offered this client a bookkeeping service for this year. To reduce the audit cost, the engagement letter was not updated this year as there is no big changes in the audit tasks from last year. Audit fees are based on a percentage of the net profit before tax. One of the audit team received an offer to be appointed in the client’s internal audit department as a head of department. The finance director was recently working as an…

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