Money serves as a good store of value except when an economy experiences a period of ____

Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins

Degger [83]

Answer:

12.55 days

Explanation:

Provided information

Number of employees 2

Average production time=1.8 days

Standard deviation=2.7 days

Inter-arrival time= 1 day

Coefficient of variation= 1 day

Standard deviation of inter-arrival time= 1 day

The coefficient of variations

Inter-arrival coefficient of variation

$C_{vi}=\frac {\sigma}{T}$ where $\sigma$ is standard deviation of inter-arrival time, T is inter-arrival time and $C_v$ is coefficient of variation of inter-arrival time

$C_{vi}=\frac {1 day}{1 day}=1$

Production time coefficient of variation

$C_{vp}=\frac {2.7}{1.8}=1.5$

Total utilization time

$U=\frac {T}{n*T_i}$ where T is the time of production, n is number of employees, U is utilization, $T_i$ is inter-arrival time

$U=\frac {1.8}{2*1}=0.9$

Therefore, utilization time by 2 employees is 0.9

Expected average waiting time

$T_e=(\frac {T}{n*T_i})*0.5(C_{vi}^{2}+C_{vp}^{2})*(\frac{U^{\sqrt{2(n+1)}-1}}{1-U})$

Where $T_e$ is expected average waiting time and the other symbols as already defined

Substituting 1.5 for $C_{vp}$ , 1 for $C_{vi}$ , 0.9 for U, 2 for n, 1 for $T_i$ and 1.8 for T

$T_e=(\frac {1.8}{2*1})*0.5(1^{2}+1.5^{2})*(\frac{0.9^{\sqrt{2(2+1)}-1}}{1-0.9})$

$T_e=0.9*1.625*8.583709=12.55367 days$ and rounding off to 2 decimal places we obtain 12.55 days

Therefore, expected duration between order received and beginning of production is approximately 12.55 days

7 0

3 years ago

According to AU-C 315, Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement, not all co

ankoles [38]

Answer:

The correct answer is B. Maintenance of control over unused checks.

Explanation:

Risk of material misstatement is the risk that the financial statements contain material misstatements prior to the performance of the audit. The risk comprises two components, described as follows, in the statements:

Inherent risk - Susceptibility of a statement about a type of transaction, accounting balance or other disclosure of information to a misstatement that could be material, either individually or in aggregate with other inaccuracies, before taking into account the possible corresponding controls.

Control risk - Risk that an error that could exist in a statement about a type of transaction, accounting balance or other information relief, and that could be material either individually or in aggregate with other inaccuracies, is not prevented, or detected and corrected in a timely manner, by the entity's internal control system.

5 0

3 years ago

P12-1 (Algo) Preparing a Statement of Cash Flows (Indirect Method) LO12-1, 12-2, 12-4, 12-6 Sharp Screen Films, Inc., is develop

love history [14]

Answer:

Explanation:

Sharp Screen Films, Inc.

Statement of Cash Flows

For the Year Ended December 31, Current year

Cash flows from operating activities:

Net income $ 44,550.00

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation expense $ 14,450.00

Decease in accounts receivables $ 6,500.00

Increase in Inventory $ (5,350.00)

Decrease in accounts payable $ (10,200.00)

Decrease in wages payable $ (500.00)

$ 4,900.00

Net cash from Operating Activities $ 49,450.00

Cash flows from investing activities:

Purchase of Equipment $ (58,450.00)

Net cash from Investing Activities $ (58,450.00)

Cash flows from financing activities:

Repayment of notes payable $ (12,000.00)

Issue of Common stock $ 34,900.00

Dividends paid $ (12,050.00)

Net cash from Financing Activities $ 10,850.00

Net change in cash during the year $ 1,850.00

Add: Beginning cash balance $ 65,400.00

Ending cash balance $ 66,650.00

5 0

3 years ago

An investment of $6,000 produces a net annual cash inflow of $2,000 for each of 5 years. What is the payback period? a.2 years b

mestny [16]

Answer:

3 years

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recovered from the projects cash flows .

Number of years = Investment / cash flows

$6000 / $2000 = 3 years

I hope my answer helps you

4 0

3 years ago

If you notice that you’re spending too much in a certain budget category, what are some things you could do to fix the shortfall

koban [17]

Some of the things which a person can do to adjust his spendings on a budget are:

Reduce spending habits
Make more money to finance the new purchases.

<h3>What is a Budget?</h3>

This refers to a financial plan where a person has made different allocations as to where certain monies would go to to avoid impulse spending.

With this in mind, we can see that if a person is spending too much, in a particular category, then he would have to either reduce spending or make more money.

Read more about budgeting here:
brainly.com/question/24940564

5 0

2 years ago

Money serves as a good store of value except when an economy experiences a period of _____.