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romanna [79]
3 years ago
6

Eva, the owner of eva's second time around wedding dresses, currently has five dresses to be altered, shown in the order in whic

h they arrived: if eva uses the earliest due date first (edd) priority rule to schedule these jobs, what will be the average job tardiness?
Business
1 answer:
AlladinOne [14]3 years ago
8 0
The correct answer is 2.2 hours.

I<span>f Eva uses the earliest due date priority rule, the order of the dresses will be as follows: W (1 hour processing time, 1 hour due); Y (2 hrs processing time, 3 hrs due); V (3 hrs processing time, 5 hrs due); Z (5 hrs processing time, 7 hrs due); X (4 hrs processing time, 9 hrs due).</span> 

It's easier to do the next step using real numbers. For example, if it's 11am now and W is due in 1 hour, then W is due at noon. If Y is due in 3 hours, then Y is due at 2pm, etc. Then, you need to use the processing time to see how long it will take to make the dresses. For example, since W takes one hour to process, it will be done by noon, its due date. 

This means that W and Y will be altered on time, V will be 1 hour late, Z will be 4 hours late, and X will be 6 hours late. To find the average tardiness, add these extra hours (1+4+6) = 11, and divide by the total number of dresses (even the ones that weren't late) 5: 11/5 = 2.2 hours.
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evablogger [386]

Answer:

(a) 15.46%

(b) $11,904.11

(c) 6.15%

Explanation:

(a) Sustainable growth rate:

Return\ on\ equity\ (ROE)=\frac{Net\ income}{Total\ equity}

Return\ on\ equity\ (ROE)=\frac{17,300}{ 59,000}

                                                = 29.32%

Retention Ratio = 1 - Dividend Payout

                          =1-[\frac{9,400}{17,300}]

                                 = 45.66%

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Sustainable\ growth\ rate=\frac{(0.2932\times 0.4566)}{(1-0.2932\times 0.4566)}

=\frac{0.1338}{0.8662}

= 0.15446

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New Total Asset = (Total debt + Total equity) × (1 + Sustainable growth rate)

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= 157025.4

New\ Debt=\frac{D}{D+E}\times New\ Total\ Asset

New\ Debt=\frac{77,000}{77,000+59,000}\times 157024.4

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Increase in Borrowing = New debt - old debt

                                     = $88,904.11 - $77,000

                                     = $11,904.11

(c) Internal growth rate:

ROA=\frac{Net\ income}{Debt+equity}

ROA=\frac{17,300}{77,000+59,000}\times 100

= 12.72%

Internal\ growth\ rate=\frac{(ROA\times Retention\ Ratio)}{(1-ROA\times Retention\ Ratio)}

Internal\ growth\ rate=\frac{(0.1272\times 0.4566)}{(1-0.1272\times 0.4566)}

=\frac{0.0580}{0.942}

= 0.0615

= 6.15%

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The  most the firm should be willing to pay for installing the system is $444,000.

<h3>What is  just-in-time inventory management?</h3>

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