Rotan Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: HoursMove time3.2Wait time10.9Queue time5.1Process time1.2Inspection time0.2The delivery cycle time was: (Round your intermediate calculations to 1 decimal place.)
A. 3.2 hours
B. 8.3 hours
C. 20.6 hours
D. 19.2 hours
Answer: C
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Answer the following statement true (T) or false (F)
Which of the following accounts has a normal credit balance?
A) Sales Returns and Allowances B) Sales C) Merchandise Inventory D) Delivery Expense
A company has the following information on their income statement and balance sheet: Total
Sales $345,678; Returns and Allowances $15,500; Cost of Goods Sold $175,000; Total Assets $500,000; Current Assets $25,000. What is their Fixed Asset Turnover ratio? A) 0.660 B) 0.695 C) 0.728 D) 0.368 E) 0.691
A business office has purchased five new electric pencil sharpeners. The manufacturer of these pencil sharpeners states that twenty in one hundred of their sharpeners will require some maintenance or repair work during the first year's use. Find the probability that at least 3 of these sharpeners will need repair during the first year