For: Questions and
answers email: theotherwomaninmarriage@gmail.com
QUESTION:
Various financial data
for 2007 and 2008 are shown below:
|
SOURCE
|
2007
|
2008
|
|
Output
|
N200,000
|
N220,000
|
|
Input:
Labour
|
N 30,000
|
N 40,000
|
|
Raw
Material
|
N 35,000
|
N 45,000
|
|
Energy
|
N 5,000
|
N 6,000
|
|
Capital
|
N 50,000
|
N 50,000
|
|
Others
|
N 2,000
|
N 3,000
|
As a manager,
interpret the above data for the best interest of the company.
SOLUTION:
Before
we can interpret the above data, we have to do the working first and get the
answer before we can interpret the data.
Productivity
formula is output/input: So simple.
Hint:
For 2007, calculate all the input figures together and get the total.
Which
is 30,000 +35,000+ 5,000 +50,000+2,000=122,000.
Thus;
Productivity = Output
Input
Productivity = 200,000
122,000
Productivity = 1.64
Our
productivity in 2007 is 1.64. I want
you to solve for 2008. The answer for
2008 is 1.53. If you get something else, work it again.
Interpretation
of the result: In 2007, the company’s productivity will be high while in 2008
it will be low. So, they should put more efforts by paying attention to what
ever variable or input that will boost productivity in 2008.
Like
I said, I will be bringing you, one question. So, that when you know that, you
are good to go when it comes out.
You
can always contact theotherwomaninmarraige@gmail.com
in any area you don’t understand or comment directly on the blog and the grey
areas will be cleared.
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