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Malcolm
2008 Nov 16, 12:18pm
"Then total capcity is the total time available i.e. total time of all the people who take part in any of the activities mentioned. the supervisor’s time is not taken here bu the cost is."
Sorry, I have to retract my concession because you came back to my assumption. I was assuming normal efficiency in my example, and for argument's sake the clerks are direct labor so they go home when they aren't writing checks. The supervisor is fixed factory overhead in this example which is why you correctly say it is not her time, but her cost because it is fixed. The lights staying on and extra capacity in my opinion is simply considered waste.
OK I'll stop myself now, please understand I am anal about this stuff. Sorry everyone.
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Aloha Patrick,
I am intrigued by Countrywide's offer to lend $824,000 to John in your news links and have wondered... is all this hype about credit somewhat mythical? It would be interesting to find out what people can still borrow and what they can't. I just qualified for a Home Depot credit card in 3 minutes over the phone for $7000. My score is in the high 600's to low 700's.
So my question is this: when they talk about the credit crisis what are they refering too? People with low scores and incomes that creditors can't prey on anymore, banks that have reserves but are unwilling to lend, or businesses which are going under but somehow managed to get credit even when filing bankruptcy, like Circut City? Or my favorite: the contractor who bought his debt back, featured recently in your blog? By the way how did Houdini do it? Inquiring minds want to know. Are there any more articles on this guy? What's really going on here? Someone's not playing fair in the gov't, Wall St powers that be, or...? Somebody's making the rules up as they go cause I smell a rat...
Kim
It would be really interesting to get all the readers here to see what insane amounts they can still qualify for.
Patrick
#housing