Answered: Ship checks to the check clearinghouse…

Business

Operations Management

Ship checks to the check clearinghouse Receive Sort checks checks by bank

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section: Chapter Questions

Problem 5DQ

See similar textbooks

Related questions

Q: Calculate the average time required to produce one piece per hour if there are five machines with…

A: Given data is Number of machines = 5 Machining time per piece = 0.6 hours Servicing time per piece =…

Q: b. Suppose that the number of workers at each stage are as follows: Stage Number of Workers A 4 D E…

A: Output at each stage: The output of stage A = 605per hour = 12 per hour The output of stage B =…

Q: Donut Love makes hand made artisan donuts in several locations throughout New Hampshire,. Assume…

A: Step Number of parallel stations/Resources Processing time for each resource (min/unit) Prep 1 30…

Q: It takes a barber 5 minutes to serve one customer. (Round your answers to 2 decimal places.) What is…

A: Find the given details below: Given Details Service Time 5 Mins/Customer

Q: Please answer, i'll leave thumbs up!!! 07. D (15) (20) (10) (10) E (30) (15) The figure above shows…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Define the following terms:a. Flow shop.b. Job shop.c. Sequential versus parallel processing.d.…

A: a. Flow shop:- Flow shop is a kind of process which uses specialized resources and only uses a…

Q: Quick Stop Pharmacy is a small family-owned drug com-pounding business in Portland Oregon that is…

A: In the above question the for ascertaining the number of patients to be dealt with in one hour, we…

Q: A food-truck can produce 20 meals per hour. The demand rate is, however, only15 meals per hour. (a)…

A: Formula:

Q: Consider a process consisting of five resources that are operated 8 hours per day. Theprocess works…

A: Given data is Product A = 40 units per day Product B = 50 units per day Product C = 60 units per day…

Q: A production line at V. J. Sugumaran's machine shophas three stations. The first station can process…

A: A Small Introduction about Bottleneck A bottleneck is a point of saturation in a supply chain (such…

Q: A coffee shop has the following activities. All activities are performed by one person (the same…

A: Given data: Activity Activity Time per Customer Take order 30 seconds Prepare coffee 40…

Q: In a company that processes insurance claims, the aver- age flow rate is 10 claims per hour and the…

A: Average number of claims=Average flow rate×Average throughput time=10×6=60 claims Hence, the average…

Q: Explain what is the process of determining expected output in operations

A: Outputs are the results of a task especially following its execution. All submissions for projects…

Q: A production system is as shown below. Station 1 could produce 60 per hour if the rest of the line…

A: The following information is given: The system runs at a rate of 45 per hour (actual output)…

Q: Diners are served in a process with two resources. The first resource has a capacity of 0.9 diners…

A: The total labor content is defined as the time sum of all process steps. First Resource Capacity =…

Q: The local driver's license center processes applications for driver's license renewals through the…

A: Here given data:

Q: Bill’s Car Wash offers two types of washes: Standard and Deluxe. The process flow for both typesof…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub parts…

Q: calculate takt time in seconds

A: Takt time refers to the rate at which a product must be completed for meeting the demand.

Q: Layout of an operation is concerned with O a. Uncontrollable factors O b. Flow through the operation…

A: Layout of an operation is concerned with : d. General Plant Location

Q: Instruction: Round your answer to one decimal place. What is the capacity of this process in units…

A: Below is the solution:-

Q: 1. A work system has five stations that have process times of 5, 12, 4, 9, and 8. What is the…

A: Throughput time is also called cycle time. The total amount of time it necessitates for a company…

Q: of hour. Two repaiment A and B have been interviewed. Repairman A charges Kshs & hour and services…

A: Given- For Repairman A-λ= 5 per hour, μ = 7 machine per hour, Labor cost = Kshs 8 per hour For…

Q: A small electronic company assembles power supplies for use in bread maker, cake mixer and food…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: a) Balance this operation using the shortest operation time rule and compute the efficiency of the…

A: Activity Immediate Predecessors Duration K3 - 60 K4 K3 24 K9 K3 27…

Q: First question in the image Question N0 2: A production line has an hourly throughput rate 6…

A: Given data - Task A Task B Processing time (Min) 9 12 No. of worker 1 1

Q: a) Balance this operation using shortest operation time rule and compute the efficiency of the line.…

A: Below is the solution:-

Q: What is the takt time when the demand is 250 units, the total available time is 480 mins, the…

A: Takt Time= Available Minutes for ProductionRequired Units of Production

Q: 4- A company has introduced a process improvement that reduces processing time for each unit, so…

A: SOLUTION: Old method: Labor cost =12 per worker×5 workers = 60 per hr Production =60 units×31 per…

Q: Williams Performance Co. manufactures sports cars. After making a sale, the salesperson sends thecar…

A: Cost of Direct Labor = 5 cars per day x 5 days of week x 1/2 hr x $ 15 per hour = $187.5 Cost of…

Q: Cans are made in a process with two resources. The first resource has a capacity of 11 cans per…

A: Given: 1st resource capacity =11 cans/sec2nd resource capacity =10 cans/sec 1st resource has workers…

Q: Consider a production line with five stations. Station 1 can produce a unit in 9 minutes. Station 2…

A: Given data is

Q: The manager of a car wash must decide whether to have one or two wash lines. One line will mean a…

Q: The Stylish Hair Salon has three stylists who provideservices to women. After checking in with the…

A: Given Check-in time - 1 minute Customer’s washing, drying, and styling - 25 minutes Payment - 3…

Q: In a company that processes insurance claims, the average flow rate is 10 claims per hour and the…

A: a) Average claims in the system = T * R = 6 *…

Q: What is flow processing, and what are its advantages and disadvantages?

A: The flow of work commonly from one workstation to another without causing any delay at the constant…

Q: Choice Bank receives credit card applications that need to be reviewed for a decision. There are two…

A: Given that, Time taken to process pre approved applications = 6 minutes Time taken to process not…

Q: Consider a process consisting of five resources that are operated 8 hours per day. The process works…

A: Given data Number of operating hours = 8 hours per day Demand for Product A = 40 units per day…

Q: 5. The Swanky Hotel provides room service for its guests. The process for room service begins with a…

A: From the given information, the process diagram will be as follows.

Q: Based on the data from the below table: b. What is the system capacity in the total number of car…

A: Bottleneck process is an activity in a process which reduces the total capacity of the process. The…

Q: Four employees at a fast-food restaurant each perform one of the four activities in serving a…

A: From the above given information, Greet customer = 2 seconds Taking order = 30 seconds Processing…

Q: a) The throughput time of the new work cell is minutes (enter your response as a whole number). b)…

A: Production is the process in which inputs are combined to have the required output. It includes a…

Q: Describe cycle time as it relates to business processes. Why is it important to the management of…

A: Cycle time - The cycle time can be defined as the total time elapsed during moving a unit of work…

Q: e Stylish Hair Salon has three stylists that provide services to women. After checking in with…

A: Bottleneck is the congestion point in a production process that occurs when the workloads arrive…

Q: The Stylish Hair Salon has three stylists who provide services to women. After checking in with the…

A: We have, Processing time per customer for receptionist = 1 +3 = 4 minutes per customer Processing…

Q: a. An output of 930 units per shift (8.00 hours) is desired for a new processing system. The system…

A: Efficiency is the proportion between total activity time and total station time. Here, we can…

Q: In order to use a process capacity map, what two fundamental assumptions must be met?

A: The process capability index is described as a statistical index that quantifies the capacity of a…

Q: A production line at V. J. Sugumaran’s machine shop has three stations. The first station can…

A: Station 1 = 10 min/unit Stattion 2 = 12min/2 units as two machines are there thus, 6 min/unit…

Question

Suppose a bank clears checks drawn on customers’ checking accounts by using the following process: a. If the capacity for receiving checks is 1000 checks per hour, for sorting checks is 800 checks per hour, and for shipping checks is 1200 per hour, what is the capacity of the system to process checks?
b. If the flow rate is an average of 600 checks per hour and there are an average of 200 checks in the system,what is the average throughput time of checks?
c. What could be done to decrease the throughput time?

Ship checks to
the check
clearinghouse
Receive
Sort checks
checks
by bank

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

In order to raise capital, XYZ company decided to issue loan certificates. The loan certificates have fixed interest rate of 20% and payable over 10 years. Therefore, XYZ company is raising capital through O None of the options Selling shares Debentures Equity finance II
Explain the purpose of a four-column proof of cash. List twotypes of misstatements it is meant to uncover
Calculate xyz company's total asset's liab
Your aunt Nokhona completed her dentistry studies at Sefako Makgatho Health Sciences Universitynot long ago. She has been operating her dental practice for six months now. She knows you arestudying financial management and she asks you to help her identify possible items of monetary andnonmonetary information she should include in her monthly report. In assisting her, she needs to knowitems to include and examples so that she gets a better understanding.
If a bank is compiling lists of current stockholders and bondholders for the purpose of remitting dividend and interest payments, in which of the following roles is it acting? Paying agent Transfer agent Corporate trustee Registrar
How can beauty salons use management information system to help maintain stocks in order to meet the customer's needs?
Explain the functioning of factoring. How does a company selling its receivables benefit?
5) Describe the “bank's mandate” and its purpose. Explain three ways/senses in which the term “mandate” isunderstood, giving examples of each. 6) List 5 duties of the Money Laundering Reporting Officer. 7) What is a bank syndicate? How is syndication supposed to work/function? What is the difference between a“true syndicate” and a participation syndicate?8) Describe novation and assignment. Discuss two reasons why a bank would prefer one over the other.
list and describe 2 types of deposit accounts?
28-Which of the following deals with the management of money? Banking Finance Trading Accounting
Which of the following can be categorized as Short term sources of finance? i Equity Shares ii. Trade Credit iii Debenture iv Money Market Instruments O 3. Both Equity Shares and Debentures O B. Both Money Market Instruments and Trade Credit Only Money Market Instruments O d. Only Equity Shares
For each of the following, journalize the necessary adjusting entry: (a) A business pays weekly salaries of $22,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that