Weston,Inc

question 24

Multiple Choice

Weston,Inc.,produces widgets.To manufacture a new type of widget,it took 21 iterations before the process reached a steady state of 39 hours.If Weston has an 87% learning rate,use the logarithmic approach to calculate the time it took to manufacture the first widget.

• A)71.90 hours
• B)73.10 hours
• C)71.75 hours
• D)71.84 hours

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Definitions:

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, factoring in its current market price, par value, interest payments, and time to maturity.

Current Yield

The yearly earnings from interest or dividends, when divided by the security's current market price.

Capital Gains Yield

Results from changing prices and is calculated as (P1 - P0)/P0, where P0 is the beginning-of-period price and P1 is the end-of-period price.

Yield To Maturity

The total return anticipated on a bond if it is held until the end of its lifetime.