1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alchen [17]
2 years ago
5

GV is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statements. Every Decembe

r, GV sends out a short survey to their customers, asking for the information required for preparing the tax statements. Based on 50 years of experience, GV categorizes their cases into the following two groups:
i. Group 1 (new customers): 20% of cases
ii. Group 2 (repeat customers): 80% of cases
This year, there are 50 income tax statements arriving each week. In order to prepare the income tax statement, GV has three resources. The activities are carried out by the following three persons:
i. An administrative support person that processes every tax statement.
ii. Senior accountant (who is also the owner): who processes only tax statements for new customers
iii. Junior accountant: who only processes tax statements for repeat customers.
Processing times for both groups and all resources are shown in the table below. Assume that everyone works 40 hours per week.
Group Administrator [min/unit] Handling by senior accountant
[min/unit] Handling by junior accountant
[min/unit]
1 20 40 n/a
2 20 n/a 15
Required:
a. Which of the three persons is the bottleneck?
O Administrator
O Senior accountant
O Junior accountant
b. For a mix of 20:80 between new and old cases, what is the flow rate for new customers?
c. For a mix of 20:80 between new and old cases, what is the flow rate for repeat customers?
d. For a mix of 20:80 between new and old cases, what is the capacity for new customers?
e. For a mix of 20:80 between new and old cases, what is the capacity for repeat customers?
Business
1 answer:
svp [43]2 years ago
7 0

Answer:

a. To find bottleneck resource, we need to determine the utilization of each resource

Processing capacity of Administrator = Available time per week / Processing time = 40*60/20 = 120 cases per week

There are 50 cases per week. So utilization of Administrator = 50/120 = 41.7%

Processing capacity of Senior accountant = 40*60/40 = 60 cases per week.

New cases are 20% of 50 cases per week Therefore utilization of Senior accountant = 20%*50/60 = 16.7%

Processing capacity of Junior accountant = 40*60/15 = 160 cases per week.

Repeat cases are 80% of 50 cases per week Therefore utilization of Junior accountant = 80%*50/160 = 25%

Utilization of Administrator is maximum. Therefore it is the bottleneck resource for 20:80 mix of New and Repeat cases.

b. Flow rate of New cases per week = 50*20% = 10 cases per week

c. Flow rate of Repeat cases per week = 50*80% = 40 cases per week

d. In (a) we have seen that for 20:80 mix between new and repeat cases, Administrator is the bottleneck resource with a capacity of 120 cases per week. Therefore capacity for new cases = 120*20% = 24 per week

e. Capacity for Repeat customers = 120*80% = 96 per week

You might be interested in
Why are benefits of the sale or purchase of bonds?
Anon25 [30]
When bonds are sold to investors, the government benefits because it gets an injection of cash, while the purchaser benefits because in a few years it will have accrued interest.
3 0
3 years ago
Wildcat Co. purchased, on open account, 4,000 pounds of direct materials at a total cost of $20,200. The standard cost of these
Pepsi [2]

Answer:

Explanation:

The pictures attached shows the full explanation

3 0
2 years ago
Give an example of a strong manager and an organization that you worked with in the past or presently.
hjlf
Tacobell and I had a amazing manager named big john!
3 0
2 years ago
Hisaoki picks up the local newspaper and reads a stinging letter to the editor criticizing his beverage company for supporting a
kiruha [24]

Answer: A. Identify issues.

Explanation: Hisaoki's company failed to identify issues, because they never considered problem might arise but it did arises.

In identifying issues one must be clear what the problem is and plan on how to solve them, analyzing the problem is important when identifying issues. This help you to be about the situation when there is problem.

3 0
2 years ago
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen
Kaylis [27]

Answer:

Total dollar Annual Cost = $300,000

Explanation:

  • Total loan Commitment = 9000000
  • Borrowed Fund (Used Portion) = 6000000
  • Unused Portion (9000000 - 6000000) = 3000000
  • Annual Commitment Fee for unused Portion = 0.50%
  • Commitment Fee = 3000000 x 0.05% = 15000
  • Borrowed Fund (Used Portion) = 6000000
  • Interest Rate (3.25% + 1.5%) = 4.75%
  • Interest Cost (6000000 x 4.75%) = 285000

Total dollar Annual Cost (15000 + 285000) = $300,000

5 0
3 years ago
Other questions:
  • Which career pathway describes the two main aspects of the Business, Management, and Administration career cluster?
    6·2 answers
  • Common law reflects how society is ever changingm
    9·1 answer
  • In order for ads to be effective, what is the first thing that they must do?
    15·2 answers
  • Power users often work with ______ because of its flexibility and capabilities.
    15·1 answer
  • Technological advances such as long-range missiles mean that countries can to inflict harm on each other from great distances. r
    9·1 answer
  • Prepare journal entries for each of the following
    7·1 answer
  • John, an executive at a top investment firm, often gets into heated arguments with his boss over differences in work ethics. In
    12·1 answer
  • PLEASE HELP TIME SENSITIVE TEST
    10·1 answer
  • Help ASAP please !!!!!!
    8·1 answer
  • Harper Company lends Hewell Company $14,400 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!