The Gentleman Farmer Recorded the Time It Took to Feed

question 44

Multiple Choice

The gentleman farmer recorded the time it took to feed and water his chickens and collect eggs each morning.He has done this several times,so he assigns himself a rating of 1.15.The allowance factor for this endeavor is 5%.What is the standard time for this job element?

• A)6)0 minutes
• B)6)5 minutes
• C)6)9 minutes
• D)7)5 minutes

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Definitions:

Retention Ratio

The proportion of earnings kept back in a company to reinvest, rather than being paid out as dividends.

Sustainable Growth Rate

The maximum rate at which a company can grow its sales, earnings, and dividends without having to increase debt or equity financing.

Inventory Turnover

A ratio showing how many times a company has sold and replaced inventory over a given period.

Inventory Balance

The total value of all the goods and materials held by a company as stock, intended for sale or production.