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miss Akunina [59]
4 years ago
7

The Traffic Court of King James County operates between the hours of 9AM and 1PM. Each morning, roughly at 9AM, 200 defendants s

how up for trial involving traffic violations, such as speeding, illegal parking and ignoring a stop sign. On Monday, June 10, 2003, a sample of 10 defendants was selected at random by a consultant. For each defendant, the consultant recorded the actual time spend in discussion with the judge and the time paying the fine (not including waiting). Also recorded were the times the defendant arrived and left the court.
Defendant Arrival Departure Time with Judge (minutes) Time Paying Fine (minutes)
1 8.45 9.3 1 5
2 8.45 9.45 1.5 2
3 8.45 12.05 2 3
4 8.5 12:55 1.5 5
5 8.55 10:35 1 2
6 8.55 9:20 1 0
7 9.55 11:35 2 2
8 9.55 10:45 3 0
9 9.55 12:55 1 2
10 9.55 9:20 1.5 3

Required:
a. Estimate the flow time of the process.
b. Estimate the theoretical flow time of the process.
c. What is the flow-time efficiency?

Business
1 answer:
patriot [66]4 years ago
7 0

Answer:

Explanation:

Please check attachment for the solution to the question.

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"Moyas Corporation sells a single product for $10 per unit. Last year, the company's sales revenue was $280,000 and its net oper
Harlamova29_29 [7]

Answer:

23,750 units

Explanation:

The computation of the break even point in unit sales is shown below

Break even point = (Fixed expenses) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

The variable expense per unit is

= (Sale revenue - fixed expenses - net operating income) ÷ (Number of sales units)

= ($280,000 - $17,000 - $95,000) ÷ ($280,000 ÷ 10 per unit)

= ($280,000 - $17,000 - $95,000) ÷ (28,000 units)

= $6 per uni

And, the fixed expenses is $95,000

Now put these values to the above formula  

So, the value would equal to  

= ($95,000) ÷ ($10 - $6)  

= 23,750 units

4 0
4 years ago
Which inventory method reflects the most recent costs of inventory on the balance sheet? What implications might this have that
dalvyx [7]

Answer:

Which inventory method reflects the most recent costs of inventory on the balance sheet?

LIFO

What implications might this have that would be relevant for users of the financial statements to know?

This will mean that the profitability ratios will be smaller under LIFO .

The profitability ratios include profit margin, return on assets, and return on stockholders' equity.

Explanation:

LIFO, the most recent costs of products purchased (or manufactured) are the first costs to be removed from inventory and matched with the sales revenues reported on the income statement. This means that the oldest costs remain in inventory.

8 0
3 years ago
You give up a full-time salary of $45,000 a year to go to school for 2 years. The total cost of going to school is $30,000. If y
Stella [2.4K]

Answer:

$69,000 per year

Explanation:

the total economic cost of going to college = college expenses + implicit costs

  • college expenses = $30,000
  • implicit costs (opportunity costs) = $45,000 x 2 = $90,000

total economic cots = $30,000 + $90,000 = $120,000 / 5 years

if you  want to recover your college costs in 5 years, you will need to recover $120,000 / 5 = $24,000 per year

so you would need to earn = $45,000 (old salary) + $24,000 = $69,000 per year

*opportunity costs are the additional costs or benefits lost from choosing one activity or investment over another alternative.

8 0
3 years ago
Coronado, Inc. reported net income of $2.95 million in 2022. Depreciation for the year was $188,800, accounts receivable decreas
snow_lady [41]

Answer:

Net cash provided by operating activities $3,221,400

Explanation:

The computation of the  net cash provided by operating activities using the indirect method is given below

cash provided by operating activities

Net income $2,950,000

Add: depreciation $188,800

Add: decrease in account receivable $413,000

Less: decrease in account payable -$330,400

Net cash provided by operating activities $3,221,400

4 0
3 years ago
The Lowery Co. uses the direct write-off method of accounting for uncollectible accounts receivable. Lowery has a customer whose
Annette [7]

Answer:

d. Debit Bad Debt Expense; Credit Accounts Receivable

Explanation:

This would be the entry needed to write-off this account. This is an example of the direct write-off method of accounting. This is a method that is employed to recognize bad debts expense that arises from credit sales. This method does not permit allowance account. Instead, an account receivable is written-off directly to expense after the account is determined uncollectible.

7 0
3 years ago
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