### Productivity Increase Calculation**Scenario:**The company produces 30 tables this year. The manager of the company wants to increase the productivity by 20% in the next year. To achieve this goal, how many tables need to be produced in the next year?**Solution:**To determine the number of tables that need to be produced next year to achieve a 20% increase in productivity, you can use the following formula:\[ \text{Required production} = \text{Current production} \times \left(1 + \frac{\text{Percentage increase}}{100}\right) \]Given:- Current production = 30 tables- Percentage increase = 20%Plugging in the values:\[ \text{Required production} = 30 \times \left(1 + \frac{20}{100}\right) \]\[ \text{Required production} = 30 \times 1.2 \]\[ \text{Required production} = 36 \]**Answer:**To achieve a 20% increase in productivity, the company needs to produce **36 tables** next year.

Productivity is the relationship between the volume of the input and output that is calculated in…

Answered: The company produces 30 tables in this…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The company produces 30 tables in this year. The manager of the company wants to increase the productivity by 20% in the next year. To achieve this goal, how many tables need to be produced in the next year?