A Fleet Repair Facility Has the Capacity to Repair 800

question 80

Essay

A fleet repair facility has the capacity to repair 800 trucks per month. However, due to scheduled maintenance of their equipment, management feels that they can repair no more than 600 trucks per month. Last month, two of the employees were absent several days each, and only 400 trucks were repaired. What are the utilization and efficiency of the repair shop?

Understand and calculate percentage increases and decreases.

Calculate the direct comparison between past and current values to determine financial changes.

Apply the concept of unit price changes to real-world problems.

Interpret financial data to determine changes in market conditions or business strategies.

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Definitions:

Credit Sales

Sales made by a business where payment is delayed as per agreed terms.

Inferior Merchandise

Goods that are of lower quality than the standard expected by consumers, often resulting in reduced customer satisfaction.

Sales Invoice

A document that supports each credit sale.

Credit Sales

Sales in which the customer is allowed to pay at a later date.