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hichkok12 [17]
3 years ago
11

The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium pa

yments to a local insurance company, and bill payments for 85 of the bank's largest commercial customers. The payments are processed by machine operators, with one operator per machine. An operator can process one payment in 0.25 minute. Setup times are negligible in this situation. A capacity cushion of 20 percent is needed for the operation. The average monthly (not annual) volume of payments processed through the department currently is 400,000. However, it is expected to increase by 20 percent. The department operates eight hours per shift, two shifts per day, 260 days per year. How many machines (not operators) are needed to satisfy the new total processing volume? (Round up to the next whole integer.)
Business
2 answers:
Makovka662 [10]3 years ago
8 0

Answer:

7.211538 ~ 8

Explanation:

1 machine operates 16 hrs per day, for 260 days

number of mins = 16*260*60

                           = 249600 mins

for 0.25 mins it can do 1 transaction

for 249600 ​ mins = 249600 / 0.25

                              = 998400

Cushion for 20% needed

so it can do 80% of 998400 = 0.8*998400

                                               = 798720

Per month transactions = 400000

Total year = 12*400000

                 = 4800000

Its expected to increase by 20%

Hence new number of trasactions = 1.2*4800000

                                                       = 5760000

Number of machines required = 5760000​/798720

                                                   = 7.211538 ~ 8

madreJ [45]3 years ago
4 0

Answer:

8

Explanation:

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A corporation is incorporated in only one state regardless of the number of states in which it operates.
k0ka [10]

Answer:

(A) True

Explanation:

A corporation just requires a basic incorporation state, through which the legal identity of its incorporation is created. After that it does not require to incorporate in all the states where the business is being conducted.

As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

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5 0
3 years ago
Riggs Company purchases sails and produces sailboats. It currently produces 1,200 sailboats per year, operating at normal capaci
faltersainse [42]

Answer:

It is more convenient to produce the sails in house.

Explanation:

Giving the following information:

Riggs purchases sails at $ 250 each, but the company is considering using the excess capacity to manufacture the sails instead. The manufacturing cost per sail would be $ 100 for direct materials, $ 80 for direct labor, and $ 90 for overhead. The $ 90 overhead includes $ 78,000 of annual fixed overhead that is allocated using normal capacity.

Because there will not be an increase in fixed costs, we will not have them into account.

Variable overhead= 90 - (78,000/1,200)= 25

Unitary variable cost= 100 + 80 + 25= 205

It is more convenient to produce the sails in house.

8 0
3 years ago
You would like to establish a trust fund that would pay annual payments to your heirs of $100,000 a year forever. You expect the
Andrej [43]

Answer:

The amount to deposited = $1,538,461.54

Explanation:

<em>A fund that pays a fixed amount for forever is an example of a perpetuity. Hence, the amount to be deposited today is the present value of the perpetuity.</em>

This given below as follows:

PV = A ×   1/r

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PV = 100,000 ×  1/0.065=  1,538,461.54  

The amount to deposited = $1,538,461.54  

5 0
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Pick the correct statement related to net working capital from below. Multiple Choice Net working capital can be ignored in proj
zvonat [6]

Answer:

Net working capital is the only expenditure where at least a partial recovery can be made at the end of a project.

Explanation:

Net working capital is the difference between current assets and current liabilities. Net working capital measures a company's liquidity.

In project analysis, net working capital is part of the cost. It is usually subtracted from cash inflows.

Net working capital is a cash outflow.

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4 0
2 years ago
A manager is applying the Transportation Model of linear programming to solve an aggregate planning problem. Demand in period 1
DanielleElmas [232]

Answer:

<u>125 (hours)</u>

<u>Explanation:</u>

Remember, the Linear programming model is simply a technique used to optimize a particular set of processes.

Note the statement from the question, "the manager has 125 hours of regular employment available for $10/hour each period." Which means this would form part of the constraints of the linear programming model.

In other words, the number of total hours available in period 1 is 125 hours.

7 0
2 years ago
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