Answer: 0.15 years
Explanation:
According to Little's Law, it should be noted that:
I = R × T
where,
I = amount of flow units
R = rate of processing flow units
T = time
For this question,
I = $45 million
R = $300 million
Time will be:
T = I/R
T = 45/300
T = 0.15 years
Therefore, the account receivable process will use an average of 0.15 years.
Answer:
If I was banking with my local town bank and it happens that Bank of Africa purchases it, there are cost and benefits associated with the merge. First, Bank of America is global, meaning that I will be able to access the Services such as ATM services at different points. Second, due to its area of coverage, the services are cheaper compared to the ones I got when it was in my local town. However, due to the monopoly of the bank, they might increase the charges making them more expensive than when the services in the local village. Additionally, it will be a challenge for average customers, such as farmers, to access big banks unless faithful people accompany them.
Explanation:
Price is important to managers because it has a substantial effect on a company's profitability and sustainability.
<h3>Why is pricing important?</h3>
The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.
For the consumer of products, price is a key factor that determines purchase decisions.
Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.
Learn more about pricing at brainly.com/question/15569228
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<h3>Question Completion:</h3>
Why is price important to managers?
Answer:
Total Cost of Job X4A: $
Direct material cost ($9,000 x 500 units) 4,500,000
Direct labour cost (300 hrs x $15 x 500 units ) 2,250,000
Overhead applied (100 hrs x $22.50 x 500 units) 1,125,000
Total cost 7,875,000
Explanation:
The total cost of Job X4A is the aggregate of direct material cost, direct labour cost and overhead applied. Overhead is absorbed on the basis of machine hours. Thus, we will multiply the overhead rate by machine hours and number of units produced.
