The seven-person maintenance function at a hospital performs both preventive and corrective maintenance on hundreds of items each month. All the workers are scheduled for 40 hours per week and there are four weeks in a month
It is the goal of the maintenance department to achieve 90% utilization with a mix of two-thirds preventive maintenance and one-third corrective maintenance. How many hours each month are spent performing corrective maintenance if they achieve their 90% utilization and correct/preventive mix targets?
Utilization = × 100%
Utilization = × 100% = 90% ×
Corrective Hours = 30% × 7 × 40 × 4
Corrective Hours = 336 hours
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Roberta Warner and Sally Roger formed the Acme Corporation on October 1, 2016. On the same date Warner paid $75,000 cash to Acme for 750 shares of its common stock. Simultaneously, Roger received 100 shares of Acme's common stock for services rendered. How much should Roger include as taxable income for 2016, and what will be the basis of her stock?
a. $0 $0 b. $10,000 $10,000 c. $0 $10,000 d. $10,000 $0
The real interest rate is equal to the nominal rate minus inflation
Indicate whether the statement is true or false