Complete Financial Ananlysis Classmate Reponses to Disccussion
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CLASSMATE POST 1:
Week 1 – There were 564 units completed in 14,108 hours. With standard time, the estimated completed time would be 564×26=14,664 . This means the completion was 556 hours faster than the standard time (14,664-14,108).
Week 2- This week 544 units were completed in 14,592 hours. Standard time to complete 544 units is 14,144. This week production was 488 hours slower than standard time.
Week 3- This week 553 units were completed in 15,152 hours. Standard time to complete 553 units is 14,378 hours. This week production was 774 slower than standard time.
Week 4- This week 571 units were completed in 16,598 hours. Standard time to complete 571 units is 14,846 hours. This week production was 1752 hours slower than standard time.
Week 5- This week 547 units were completed in 17,104 hours. Standard time to complete 547 units is 14,222 hours. This week production was 2882 hours slower than standard time.
Week 6- This week 552 units were completed in 16,673 hours. Standard time to complete 552 units is 14,352 hours. This week production was 2321 hours slower than standard time.
The data shows that as the time goes by, the production becomes increasingly slower until week 6. The data could be analyzed as follows:
Week 1 556/26= about 21 more units were completed than expected.
Week 2 -488/26= about 18 more units were expected to be completed.
Week 3 -774/26= about 29 more units were expected to be completed.
Week 4 -1752/26= about 63 more units were expected to be completed.
Week 5 -2882/26= about 110 more units were expected to be completed.
The brokerage firm must be careful not to divert its employees’ energies so much to finding new accounts that research, analysis, and service for existing accounts are neglected. Service firms have found that it is much more profitable to retain existing customers than to find new customers. Therefore, customer retention has become a major objective, and performance is measured on activities that are believed to aid in retaining profitable customers. These measures include how quickly phones are picked up, how quickly inquiries are answered, accessibility of data bases, and so on.
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