Answer:
The map of the current process is found in the attached
The minimum cycle time is 1 min 40 seconds
The longest cycle time is 2 min 35 seconds
The new minimum cycle is 1 min 15 seconds
The new longest cycle time is 2 mins
The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.
The problem could be solved by ensuring the taking money and packaging takes the same time.
Explanation:
Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds
The longest cycle time=30+90+35=155 seconds=2 min 35 seconds
The new minimum cycle time=20+55=75 seconds=1 min 15 seconds
Taking customer's money also happened in the first 35 seconds of the 55 seconds above.
The new longest cycle time=30+90=120 seconds=2 mins
Answer:
The change in the value of the bond is $0.90. In other words, the value of the bond has increased by $0.90 from yesterday to today.
Explanation:
We have Value of the bond = Quoted value / 100 * face value
So,
Yesterday value of the bond = 102.16/100 * 3,000 = $3064.8;
Today value of the bond = 102.19/100 * 3,000 = $3065.7.
=> Change in the value of the bond = Today value of the bond - Yesterday value of the bond = $3065.7 - $3064.8 = $0.90.
In other words, the value of the bond has increased by $0.9 from yesterday to today.
Answer:
Option b has the highest expected monetary value (EMV) of $57,335,000 after accounting for Value Engineering cost of $85,000 for the option.
Explanation:
Option A's EMV = $52,826,000 calculated as follows:
(95,000 x $610 x 0.76) + (60,000 x $610 x 0.24).
Option A's EMV = $57,335,000 calculated as follows:
(85,000 x $720 x 0.65) + (70,000 x $720 x 0.35) - $85,000.
Expected Monetary Value, EMV, is a statistical tool that is used to quantify risks using probability to weigh the outcomes from decision choices.
Using EMV, the expected value is calculated by multiplying the outcomes with their percentage chances of happening. This gives a weighted outcome that can be used to compare options.
Answer:
Balance
Explanation:
Balancing of registers is an important book-keeping practice. When an account is being balanced, the check is used. The check is used to ensure as well as find out the income pre-tax and after tax. It is used to balance books or accounts to make sure that income and expenditure are well registered and to understand the sitution of the account.
Cheers.
A pure market economy is also called capitalism. or pure capitalism.