In a typical month, the BBC Corporation receives 30 checks totaling $250,000. These are delayed five (5) days on average. What is the average daily float? Assume 30 days per month.
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In a typical month, the BBC Corporation receives 30 checks totaling $250,000. These are delayed five (5) days on average. What is the average daily float? Assume 30 days per month.
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- “As soon as the customer places an Order, it is received by the Sales department and a Sales Order is created. The Sales Order is sent to the Finance Department to check if the customer has any outstanding balance for more than 60 days. The AR Clerk at the Finance Department checks and sends the results back to the Sales Department. If there is an outstanding balance for more than 60 days, the Sales Department puts the Order on hold and notifies the customer. Otherwise, the Order Entry Clerk creates an Order Confirmation and sends it to the customer. Simultaneously a Picking List is generated and sent to the Order Fulfilment Department who picks up the next set of process steps. The Order Fulfilment Department receives the Picking List and determines which Warehouse is closest to the Customer location. The Picking List is sent to that Warehouse location. There, the items from the Picking List are picked. An Invoice is generated and printed. The items are packed along with the printed…29) is essentially a method used by manufacturers and wholesalers, to accelerate cash receipts and avoid waiting thirty days or more, to collect for goods delivered to their customers. Cash management Cycle billing Factoring O Invoice discountingDamen Ship Repair has just introduced a new service. For a fixed annual fee, Damen will predict what are the most likely repair parts you will need for each of your cargo ships over the next year. It will then preposition those parts either on your ships or at Damen’s shipyards depending on whether your crew can install that part or it must be done at a shipyard. Then all you pay for is the installation labor you actually use each year, which also comes at a discounted rate. a) Specify the key features and benefits that they would want to inform customers about b) Develop an integrated marketing communication plan for marketing the service
- Denmark Corporation sells computer equipment to businesses in the western region of the United States. Each month, the IT division at Demark Corporation prints monthly statements and sends them to the accounts receivable (AR) department, where a clerk mails them to the customers. This corporation's customers mail their payments back to Denmark, where a clerk in AR batches the checks and sends them to the cashier. The AR clerk then uses the payment stub to enter the payments into the computer, where the AR master data are updated to record the payment. Please use this to complete the diagrams and charts below. Please use excel or word for the diagrams. Problem 1. Please create a table of entities and activities Problem 2. Draw a context diagram to support the entities in problem 1. Problem 3. Draw a physical DFD. Please use MS products i.e. word or excel to create this diagramThe mailroom receives checks and remittanceadvices from customers in payment of their accountsreceivable. The clerk reviews the documents for completenessand correctness, sends the checks to thecash receipts department, and sends the remittanceadvices to the AR department. The AR clerkreceives the remittance advices and updates the customers’AR records from the PC in the AR department.The cash receipts clerk receives the checks andposts them to the cash receipts journal from the PCin the department. The clerk then sends the checks tothe bank for deposit.RequiredPrepare a system flowchart of the proceduresdescribed previously.A convenience store uses the fixed-period inventory control system (FPS) to manage its inventory of distilled water bottles. This system relies on the following information. (a)Using EOQ (rounded up), what is the time interval between reviews T in operating days? Note that after having the rounded-up EOQ, you should not round up values at intermediate steps; and, you should round T up only after the last calculation. (For example: enter 10 for 10 days.) (b) What is the current inventory position (IP) in bottles? (For example: enter 70 for 70 bottles) (c)Without safety stock, what is the replenishment level without safety stock M(AD) in bottles? Note that the question does not ask for M(ST). (For example: enter 70 for 70 bottles) (d)If today is the review day and without safety stock, what is the order quantity in bottles given M(AD)? (For example: enter 70 for 70 bottles)
- Mr Smith is working as the director of credit collection department at SISHGC Building Supplies Limited. The credit collection department recently shifted from the legacy system to a new system that was installed four months ago. Mr Smith is not happy with this newly installed system. His complaint is that the data flow from the billing and account receivable departments is not occurring in the manner originally requested. Further, the updates to the database files are not occurring as frequently as he had envisioned. Thus, the hope that the new system would provide more current and timely information has not materialised. Mr Smith claims that the systems analysts spent three days interviewing him and other workers in his department. During that time, he and the other workers thought they had clearly conveyed their needs. At this stage, Mr Smith feels as if their needs were ignored, and their time was wasted. Required: Identify the issues in the system design process. How can these…When you are connected to a representative, it will be, with equal probability, somebody from the billing department, customer retention department, or marketing department. When talking to a billing representative, the time until the issue is resolved is distributed uniformly from 10 to 20 minutes. Customer retention specialist will resolve you issue in exactly 2 minutes. Marketing person will first discuss with you promotions and new offers (this time will be normally distributed with average 10 minutes and standard deviation 2 minutes) and then transfer you to a new representative, who will, again be from one of the three departments with equal probability. What is the expected time that you will spend on the phone?A company’s warehouse can store up to 4 units of agood. Each month, an average of 10 orders for the good arereceived. The times between the receipt of successive ordersare exponentially distributed. When an item is used to fillan order, a replacement item is immediately ordered, and ittakes an average of one month for a replacement item toarrive. If no items are on hand when an order is received,the order is lost. What fraction of all orders will be lost dueto shortages?
- Consider the bill of materials (BOM) shown to the right. What is the lead time (in weeks) to respond to a customer order for product A, assuming no existing inventories or scheduled receipts? The lead time to respond to a customer order for product A is response as an integer.) weeks. (Enter your C (1) LT=3 B (1) LT=1 D (1) LT=6 A LT=5 E (1) ON LT=5 F (1) LT=3QuickBooks Online allows the creation of bank rules. In which 3 situations would they be useful?(Select all that apply) A. To automatically split a transaction B. To automatically assign a transaction type C. To automatically assign a payee to the transaction D. To automatically delete a transaction E. To automatically record a monthly journal entryPlease give solution in correct and step by step detailed format thanku Don't give solution in image format The actual delivery time from Mario's Pizza is exponentially distributed with a mean of 20 minutes. What is the probability that the delivery time will exceed 30 minutes? (Round to 3 decimals)