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
Q: What are the advantages and disadvantages of giving moreresponsibility for machine maintenance to th...
A: Machine maintenance can be stated as the job that keeps the mechanical resources or assets with mini...
Q: What is the best Risk managemnt Module to manage operational risk? And why.
A: Operational risk is the risk of misfortunes brought about by defective or bombed processes, strategi...
Q: Мах Ix, - 2x, s.a. - 4x, + 3x, < 3 1x, - 1x, s 3 X1, X2 Z 0
A: The graphical approach, often known as the geometric method, enables you to solve elementary linear ...
Q: The trend in warehouses is the bigger the better. True or false
A: The trend in the warehouse industry is all related to the new innovations and technology that helps ...
Q: Change in Supply of Meat Production during COVID-19.
A: A Small Introduction about Production Management The creation of the board alludes to the most co...
Q: According to a study in The Journal of the American Medical Association, nearly 40 percent of physic...
A: Ethics can be stated as the framework of moral principles. The regulations or discipline are basical...
Q: Inc. expects to use 96,000 litters of paint annually costing P12 per litter. Inventory carrying cos...
A: Carrying cost is the cost incurred during the storage and managing of the inventory stock in the war...
Q: Maya ltd. wants to use the Centre of Gravity location technique to determine where to setup its dist...
A: A distribution center is described as an entity that builds a bridge between customers and suppliers...
Q: Decide on Menu Hre Caterer Decide on Event Detal A 15 4. Decide on Date Send Out Invites Hold Event ...
A: ES = maximum (EF of all immediate predecessor) EF = ES + duration Minimum project duration = largest...
Q: Community Federal Bank in Dothan, Alabama, recently increased its fees to customers who use employee...
A: Forecasting is the process of estimating the future demand based on previous information or historic...
Q: B .. C E
A: A value stream map shown in the question is prepared to understand the entire process from the persp...
Q: Tyler Automotive, Inc. supplies 1,000 independent auto parts stores throughout the United States. Ea...
A:
Q: The following is given: Price $7.00/unit Variable cost $5.00/unit Fixed cost $50,000 a) Based on the...
A: The Break-even point is the point where the total production cost and the total revenue of the compa...
Q: Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inv...
A: The detailed solution is given in Step 2.
Q: What is quality and safety stock in simple words, and examples of it?
A: Quality Quality management is concerned with making organizations perform for their stakeholders fro...
Q: The arrival rate of patients at a hospital counter follows Poisson distribution with a mean of 25 pe...
A: Probability of having 0 patients in the system indicating that the number of customers as 0 and the ...
Q: Refer to the Value Stream Map. What does the arrow beside the letter A represent? Group of answer ...
A: Value stream mapping often called VSM can be stated as the lean equipment that employs or applies a ...
Q: 3
A: Let T, R, and N be the number of ads in TV, radio, and newspaper respectively. Objective function: ...
Q: Refer to the Value Stream Map. What does the letter E represent? Group of answer choices a. Sum of...
A: In Value Stream Map symbols are there that are used to depict the process of material- and informati...
Q: As manager of the St Cloud Theatre Company, you have decided that concession sales will support them...
A:
Q: Write a note on the elements of Just in Time. How does the relationship between a company and its su...
A: Just-in-time management is an attitude rather than a practice. It originally referred to the develop...
Q: The following table shows the result of a survey about the industry that students hope to work in a...
A:
Q: Discount-Mart (see Problem 16.8), as part of its newLean program, has signed a long-term contract wi...
A: Given Details Coming up next are particulars about the organization DM: Yearly interest is 2,000 li...
Q: A manufacturer of small garden tools has introduced a new product, a battery powered shrub/hedge tri...
A: Here, we would determine the cost of overstocking, the cost of understocking, the optimal cycle serv...
Q: How can surveys be used to address descriptive and/or causal research questions? What are some of th...
A: Survey research method is quite helpful in answering the description questions with the help of gath...
Q: Which is not required by the Small Business Administration for a restaurant loan?
A: A restraunt loan can be provided to a small business for their expansion.
Q: Explain the notion of "infant mortality" in the context ofproduct reliability.
A: Reliability - is based on the probability that an item or product or tool will perform adequately fo...
Q: What are the characteristics of supplier partnerships with respect to suppliers?
A: Partnering can be stated as the ongoing relationship, between a purchasing organization and supplyin...
Q: 1. Which variables are basic and which variables are nonbasic in this tableau? What basic variables ...
A: A Small Introduction about Tableau Tableau is a strong and quickest developing information percep...
Q: Describe how to improve system reliability
A: Reliability can be stated as the probability that a system carry out accurately during a particular ...
Q: 2//This table is the solution of the problem Find the optimal solution and Modified that is to find ...
A: In the transportation cost technique stepping stone method is used to find an optimal solution. From...
Q: Ralph Billett is the manager of a real estate agency. He now wishes to develop a forecast of the num...
A: Find the Given details below: Given details: Sales (Year) Quarter 1 2 3 1 30 59 71 2 5...
Q: XYZ company is determining the inventory policy for product A which has annual demand distributed as...
A: The (Q,R) Values for all the cases can be computed as follows:
Q: What is research gap? How it is important in a research or study?
A: As pe Bartleby's guidelines, I have answered the first question. Kindly post the remaining questions...
Q: ially launched a new project on Wednesday (April 28, 2021) designed to increase the contributions of...
A: Project Scope Administration Plan a outline of the vital advances linked to making an rise of the ex...
Q: Ro bert Klassen Manufacturing, a medical equipmentmanufacturer, subjected I 00 heart pacemakers to 5...
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(a, b, ...
Q: How can you keep track of where SKUs are at any given time? What is the difference between family gr...
A: A stock keeping unit, known as "SKU", is a scannable bar code which are seen printed on the product ...
Q: What role does a work breakdown structure have in preventing scope creep?
A: Project management is the management in which different types of skills and knowledge are required t...
Q: who needs to be involve in facility location decisions?
A: Facility location is a part of layout management where the firm determines the optimal geometrical l...
Q: There are painting jobs awaiting at a paint shop. Their processing times and due dates are shown in ...
A: Utilisation is the proportion between total Processing time and flow time. SPT rule indicating the p...
Q: MGMT Mobile Company (MMC) offers mobile services to users on a monthly subscription basis. Special d...
A: An entity-relationship diagram (ERD), otherwise called an entity-relationship model, is a graphical ...
Q: 2. How can one change in a dimension of service management influence the other dimensions? Elaborate...
A: Service management is a way to use different services from different sources and further use them ag...
Q: The XYZ Corporation has been engaged in the manufacture of electronic components for automobiles for...
A: The Human Resource manager must establish the following statements as objectives, 1. Implementatio...
Q: What are Air Asia (airline company) primary sources of competitive advantage? (short essay)
A: Competitive advantages can be stated as the aspects or elements that permit a given organization to ...
Q: Bulldogs Inc. expects to use 48,000 boxes of chocolate per year costing P12 per box. Inventory carry...
A: Carrying cost is the cost incurred during the storage and management of the inventory stock in the w...
Q: How are the role of of the HR professionals had changed /expanded during the pandemic
A: With no obvious end in sight, the COVID-19 epidemic drove companies and workers into confusion and a...
Q: How the Just in Time (JIT) application improved the supply and distribution of outbound and inbound ...
A: The just-in-time supply chain plans to reduce timing deferrals and expenses by perfecting the timing...
Q: Maya Itd. wants to use the Centre of Gravity location technique to determine where to setup its dist...
A: Suppose there are cities named A, B, C, D, E with different distributions of populations. Now we wil...
Q: Sterling Pulp Chemicals (ERCO) in Saskatoon produces chemicals for processing pulp, such as caustic ...
A: (a)
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
Step by step
Solved in 2 steps with 1 images
- NTS is a Swiss intermodal operator located in Lausanne. When customers need to transport goods between origin and destination, NTS supplies them with one or more empty containers in which the goods can be loaded. Upon arrival at the destination, the goods are unloaded, and the empty containers must be transported to the pickup point for new customers. Therefore, NTS management needs to reallocate empty containers periodically (every week). The company's focus is on the transportation activity of empty containers, which is very expensive (almost 35% of the total operational costs). In May 2023, several empty containers, totaling 20 containers, need to be reallocated among terminals in Amsterdam, Berlin, Munich, Paris, Milan, Barcelona, and Madrid. The available or requested number of empty containers at various terminals is reported, along with the transportation costs (in euros per container) as seen in Figure 1.Determine how to solve the problem with the goal of minimizing…NTS is a Swiss intermodal operator located in Lausanne. When customers need to transport goods between origin and destination, NTS supplies them with one or more empty containers in which the goods can be loaded.Upon arrival at the destination, the goods are unloaded, and the empty containers must be transported to the pickup point for new customers. Therefore, NTS management needs to reallocate empty containers periodically (every week). The company's focus is on the transportation activity of empty containers, which is very expensive (almost 35% of the total operational costs). In May 2023, several empty containers, totaling 20 containers, need to be reallocated among terminals in Amsterdam, Berlin, Munich, Paris, Milan, Barcelona, and Madrid. The available or requested number of empty containers at various terminals is reported, along with the transportation costs (in euros per container) as seen in Figure 1. Determine how to solve the problem with the goal of minimizing…Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 50 44 32 Hours required to complete all the cherry cabinets 61 46 34 Hours available 35 25 30 Cost per hour $36 $43 $56 For example, Cabinetmaker 1 estimates that it will take 50 hours to complete all the oak cabinets and 61 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 35 hours available for the final…
- Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 47 40 27 Hours required to complete all the cherry cabinets 64 51 36 Hours available 40 30 35 Cost per hour $34 $41 $52 For example, Cabinetmaker 1 estimates it will take 47 hours to complete all the oak cabinets and 64 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 40 hours available for the final…Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 50 44 32 Hours required to complete all the cherry cabinets 61 46 34 Hours available 35 25 30 Cost per hour $36 $43 $56 For example, Cabinetmaker 1 estimates that it will take 50 hours to complete all the oak cabinets and 61 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 35 hours available for the final…The small mail-order firm Sea’s Beginning has onephone line. An average of 60 people per hour call inorders, and it takes an average of one minute to handlea call. Time between calls and time to handle calls areexponentially distributed. If the phone line is busy, Sea’sBeginning can put up to c 2 1 people on hold. If c 2 1people are on hold, a caller gets a busy signal and calls acompetitor. Sea’s Beginning wants only 1% of all callersto get a busy signal. How many people should it be ableto put on hold, that is, what is the required value of c?
- Shipping Fruit. Wollmer Distribution Company collects fruit from several small farms in the region, consolidates its collections, and then ships the fruit to a regional wholesale fruit market by truck. Having made their collections, the company has in stock 57 tons of grapes, 62 tons of peaches, and 81 tons of bananas. Wollmer owns four trucks that can transport fruit to market. Each truck has its own capacity, and Wollmer has discovered that yield losses occur at different rates depending on which fruit is carried in which truck. The truck suspension system and the efficiency of the refrigeration system seem to account for most of the losses. The following table shows the loss as a percentage: Grapes Peaches Bananas Capacity Truck 1 12% 10% 4% 40 T Truck 2 12% 14% 5% 50 T Truck 3 16% 13% 6% 55 T Truck 4 18% 17% 8% 75 T The current market prices for the three fruits are as follows: Fruit Price / Ton Grapes $ 500 Peaches 1,000 Bananas 1,750 As a logical way of loading the trucks, a…The north–south highway system passing through Albany, New York, can accommodate the capacities (in thousands) shown. Formulate this problem as an LP to determine the maximum number of vehicles that can be accommodated in this north-south highway system. How many vehicles per hour must travel over each road (arc) to obtain this maximal flow? Can the highway system accommodate a north–south flow of 10,000 vehicles per hour?A refiner in city Q serves three customers near city Wand maintains consignment inventory (owned by the refiner) at each location. Currently, the refiner uses TL (truckload) transportation to deliver separately to each customer. Each truck costs $650 plus $300 per stop. The refiner is considering aggregating deliveries to city Won a singletruck. The demand ofthe first customer is 96 tons a year, the demand of the second customer is 24 tons per year, and the demand of the third customer is 9.6 tons per year. Product cost is $7,700 per ton, and it uses a holding cost of 15%. Truck capacity is 15tons. a.What is the annual transportation and holding cost if the refiner ships a full truckload each time a customer is running out of stock? How many days of inventory is carried at each customer under this policy? b.What is the optimal delivery policy to each customer if the refiner ships separately to each of them? What is the annual transportation and holding cost? How many days of inventory…
- A recruiter for a job placement agency is considering whether to pay $50,000 per year to lease a new recruiting facility in a prime location in Washington D. C. He estimates it will cost $50 per recruit to process the paperwork at this new location. He receives a $75 commission for each new recruit he processes. Part A - If the office space at this new location has design and effective capacities of 10,000 and 8,000 recruits processed annually, respectively, and 6,000 recruits will be processed per year, what will be the utilization of the office space?Part B - If his office space at this new location has design and effective capacities of 10,000 and 8,000 recruits processed annually, respectively, and he plans to be 90% efficient in his use of this space, how many recruits does he plan to process per year?Peter Bell of Bell Electronics maintains an extensive stock of computer components for the consumer market. He has hundreds of drawers/cabinets for the many small parts (motherboards, graphic cards, fans, etc.), and he wants to organize them so as to mjnimjze his travel and maximize his time a t the counter interacting with customers. a) Which item should be stored at the very front (closest to the counter)?b) Which item should be stored at the very back (furthest from the counter)?A production line is a set of sequential operations established in a factory plant where components are assembled to make a finished product or where materials are put through a refining process to produce an end-product that is suitable for onward consumption. Ford have seven production lines in their manufacturing plant for their automotive parts where each production line produces 120, 100, 80, 116, 77, 94, 112 output per day. (a) As the Production Manager at Ford, you are required to submit the daily report of the production plant. Calculate the mean, median, and mode from the data based on the output that has been provided. (b) Also calculate the three critical parameters for measuring spread in the following ways: Range Variance Standard Deviation