Smith Inc. is a retail mail order firm that currently uses a centralized collection system that requires all checks to be sent to its flotation headquarters. An average of 6 days is required for mailed checks to be received, 3 days for Smith Inc. to process them, and 2 days for the checks to clear through its bank. A proposed lockbox system would decrease the mailing and processing time to 2 days and the check clearing time for 1 day. Smith Inc. has an average daily collection of P250,000. If Smith Inc. adopts this proposed lockbox system, its average cash balance will increase by. A. 1.2M B. 450k C. 750k D. 2M
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Smith Inc. is a retail mail order firm that currently uses a centralized collection system that requires all checks to be sent to its flotation headquarters. An average of 6 days is required for mailed checks to be received, 3 days for Smith Inc. to process them, and 2 days for the checks to clear through its bank. A proposed lockbox system would decrease the mailing and processing time to 2 days and the check clearing time for 1 day. Smith Inc. has an average daily collection of P250,000. If Smith Inc. adopts this proposed lockbox system, its average cash balance will increase by.
A. 1.2M
B. 450k
C. 750k
D. 2M
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- Joan has a small design and tailoring shop making custom outfits for women. She has two employees. Each employee only begins working on a dress when a customer order has been received and then she makes the dress from beginning to end. The average production time of a dress is 1.8 days, with a standard deviation of 2.1 days. Historically, Joan has been receiving orders with interarrival times of one day on average. The interarrival times of orders have a coefficient of variation of one. (Carry at least 4 decimal places in all intermediate calculations. Round your final answer to 2 decimal places.) What is the expected waiting time, in days, between when an order is received and when production begins on the dress? A. 9.12 days B. 6.50 days C. 1.23 days D.3.41 daysRideShare offers short-term rentals of vehicles that are kept in small lots in urbanneighborhoods with plenty of potential customers. With one lot, it has eight cars. Theinterarrival time of potential demand for this lot from its base of customers is 40 minutes.The average rental period is five hours. If a customer checks availability of vehicles in thislot online and finds that they are all rented for the desired time, the customer skips rentingand finds alternative arrangements. However, because customers pay a monthly fee tosubscribe to this service, RideShare does not want customers to be disappointed too often.a. What is the offered load?b. What is the implied utilization?c. What is the capacity of the process (rentals per hour)?d. What is the probability that all eight cars are rented at the same time?e. How many customers are served every hour?f. What is the utilization of the cars?g. How many cars should it have in this lot to ensure that it serves at least 90 percent ofdemand?You operate a process with three workstations; the cycle times are given below. A regular batch is 52 units and your production line runs 5 hours per day. Calculate how many hours lead time is required to ship a batch, assuming there are no orders ahead in the queue and there is no inventory to fill the order. Workstation 1 has a cycle time of 2 minutes per unit Workstation 2 has a cycle time of 3 minutes per unit Workstation 3 has a cycle time of 3 minutes per unit Select one: a. 1560.00 b. 8.00 c. 1560.00 d. 90.00 e. 2340.00
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- The 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.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 diagramWhat are the problems that may appear in the following shelving system: Narrow racking systems Wide aisle racking systems Movable racking systems Drive racking systems And how can these problems be solved?