"The business processes covering the Revenue Cycle is also called Purchase to Pay, meaning from the time the customer purchases from the company to the time the customer pays for the goods purchased." T/F
Q: A machine produces two parts. The switchover time between parts is 10 minutes.The process is…
A: Changeover time: The time is taken to change the production line from one product to another for…
Q: Tools for process analysis include all of the following except: value-stream mapping. flowchart…
A: Chart is the virtual representation of information provided and displayed. It is a method of…
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A:
Q: Lulu’s Dancewear operates a garment manufacturing business that employs 35 operators who work 7…
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Q: Maximizing revenue should be the goal of the firm Select one: O a. True O b. False
A: The Objective of the firm is the main purpose or the goal of the organization. The company is an…
Q: includes an introduction and explains how it works, as well as threads in process management
A: Thread is an execution unit that comprises of its own program counter, a stack, and a bunch of…
Q: Four hundred and eighty minutes of production time are available per day. Scheduled production is…
A: cycle time implies how long individual can complete a exact task from start to end. this cycle time…
Q: A local manufacturer of yachts starts out making a few boats using job production. As its popularity…
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Q: Process metrics include:
A: At each step of the business process, process metrics offer important information. You can assist…
Q: State the major decisions for processes in operations
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A: Customers play an important role in a business and without customers, a business would not exist.…
Q: Consider the system composed of four processes linked by a conveyor belt. There is no storage…
A: The market demand is 30 units per hour. Thus, for process 1, Inventory = 4 units Time taken =…
Q: A manufacturer's average WIP inventory for Part #2934 is 900 parts. The workstation produces parts…
A: Little's law states lead time (aka flow time) = Work in progress / Thorughput this can also be…
Q: Manufacturing function is defined economically as O a. Value adding activity O b. Changing the…
A: The answer is as follows :
Q: Guesstimate how much work-in-process inventory they would expect to see in a production line that…
A: Work-in-progress refers to the raw material which is used to produce the finished product.
Q: Which of the following items would be considered a resource in the operations of amovie theater?a.…
A: A movie theater is described as a place where people go for entertainment.
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A: Find the Given details below: Given details: Job Taken by machines 1 2 1 6 4 2 3 3 3…
Q: Hubs for bicycle wheels are made by a cycling component manufacturer. Manufacturing can be done in…
A: Given, Process 1 Process 1 Production rate 35 15 Daily production 4 7 Percentage 20% 9%
Q: A firm has redesigned its production process so that it now takes 8 hours for a unit to be made.…
A: Production process take time(T) = 8 hour Old process take time(t) = 15 hour Flow rate(R) = 2 units…
Q: what logistocs strategies and decisions will you take to a smooth flow of its materials and products…
A: Proper tracking of the products and materials is required to locate them and inform the customers…
Q: Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and…
A: Productivity is that the ratio between the output volume and therefore the volume of inputs for a…
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A: answer: a) As the setup time is 30 minutes and it takes 15 minutes to drill the block foreach type…
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Q: 100 bars per hour
A: given, production = 180000 bars effort = 3 shifts per day 8 hrs. operate = 250days per year
Q: What is intermittent processing and when is it used? Contrast it with flow processing
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Q: can someone walk me through this? You supervise an aging production line that constantly needs…
A: Note: Since we only answer up to 3 subparts, we'll answer the first 3. Please submit the question…
Q: PROCESSING TIME PER UNIT (Minutes) Product Annual Demand Machine A Machine B 1 20,000 3 4 15,000 21…
A: Find the Given details below: Given details: Machine Cost ($) A 110000 B 40000…
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A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…
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Q: Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and…
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Q: Which of the following is not a basic type of process structure? Multiple Choice…
A: The structure of a process dictates how its inputs, actions, and outputs are arranged. Each…
Q: A process has a yield of 50 percent. How many units are needed as inflow to create anoutflow of 40…
A: Answer - (c) - 80 Given that, Yield percent = 50% Outflow = 40 units per day
Q: The definition of work-in-process (WIP) inventory is: Select one: a. An end item ready to be sold,…
A: A manufacturing unit has different kinds of inventories such as; Raw material inventory Material…
Q: The Sime to assemble the first na production line is 19 hours. The leaming rate is 0.92.…
A: Given data: Time to assemble the first unit(T1) = 19hours Learning rate(p) = 0.92
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A: Sequence diagram: It shows the interaction between the components of the business or system for…
Q: What is the order in which operations are evaluated? Give the order of precedence.
A: ANSWER: The order of operations: These are a set of rules in order to evaluate expressions. They…
Q: Does the process optimise the desired demand of the customer?
A: Consumer value is defined as the enjoyment of the consumer achieved (or intended to experience) by…
Q: Which among the following is a basic information required for Manufacturing Planning and Control O…
A: Which among the following is a basic information required for Manufacturing Planning and Controlling…
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Q: A process has 10 resources and two types of flow units. How many columns will therebe in the demand…
A: Columns = 102 = 5 There are 5 columns will there be in the demand table
Q: A firm has redesigned its production process so that it now takes 10 hours for a unit to be made.…
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Q: Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and…
A: Productivity is given as the ratio of output and total cost.
Q: Question: What do you know about the new metrics of Industry 4.0 and how will you optimize them…
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"The business processes covering the Revenue Cycle is also called Purchase to Pay, meaning from the time the customer purchases from the company to the time the customer pays for the goods purchased." T/F
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- The revenue cycle is a method of defining and maintaining the processes used for the completion of an accounting process for recording revenue generated from services or products provided by the company, which include the accounting process of tracking and recording transaction from the beginning, normally which starts from receiving an order from the customer or entering in agreement with the customer, delivering an order to customer and end with getting payment from the customer. The figure on the next page describes the different business activities of four departments, including (1) Sales Department, (2) Accounting Department, (3) Warehouse/Shipping, and (4) Mailroom. Required: Based on the below figure, discuss the uncontrolled risks associated with the system as currently configured? And describe the controls that need to be implemented into the system to mitigate the risks in the given scenario.what logistocs strategies and decisions will you take to a smooth flow of its materials and products from the suppliers to the customers keeping that uncertainity in mindPlease do not give solution in image formate thanku. Avis Company is a car rental company that is located three miles from the Los Angeles airport (LAX). Avis is dispatching a bus from its offices to the airport every 3 minutes. The average traveling time (round-trip) is 10 minutes. a.How many Avis buses are traveling to and from the airport? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
- Does the process optimise the desired demand of the customer?One of the benefits of business process management is “enhanced process agility”. Which of the following isnot an appropriate example of this benefit?A. Payment through cash, credit card, or e-cash (e.g. GCash)B. Food delivery through FoodPanda, GrabFood, or Food NinjaC. Food service through dine-in, take-out, or deliveryD. None of the aboveExplain the following with example. If diagram required mention it for better understanding Earned Value Management Accounting vs Controlling
- draw a level 0 data flow diagram for the process of buying glasses: the patient sees a doctor who will give him a prescription. After patient sees a doctor , patients information is stored in the patients database. Once the patient has a prescription , he goes to a glass store, where he selects his frame and place the order for his glasses once the glass has been made the patient gets the notification. Her will return to the store for a fitting and pay for the glasses. The payment information is sent to the order database.A ratio obtained by dividing output by input is?A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Production rate Daily production time Process 2 35 parts/hour 4 hours/day 20% 15 parts/hour 7 hours/day 9% Percent parts rejected Assume that the daily demand for hubs allows all defect-free hubs to be sold. Select the process that maximizes profit per day if each part is made from $4 worth of material and can be sold for $30. Both processes are fully automated, and variable overhead cost is charged at the rate of $40 per hour.
- The sales order subsystem is the first part of the revenue cycle is called the physical part process and the primary objective/s are: Accurately and efficiently process customer orders Ensure all sales are legitimate ensure that payment is collected for all sales All of the answers are correctThe sales department encourages its customers to forward the orders in any form, including mail, e-mail or fax. The sales clerk first converts these sales order into the standardised sales order. For this purpose, the sales representative requests the missing information, if any. When the order is received, the sales clerk checks the customer’s creditworthiness of the customer from his computer terminal. Sales clerk thinsk that checking the accounting record is not technical and he can perform these duties efficiently. Two years ago, the sales clerk requested the accounting department to provide him with a list of customers whose account receivables are written off. The sales clerk is still using thisinformation to check the creditworthiness of the customers. The sales clerk did not differentiate the new customers from the existing customers and he is using the same procedure to check the creditworthiness of the new customers. The customer’s order is rejected if the customer’s credit…Develop a Data Flow Diagram Vendors send invoices to the AP department where they are reviewed and approved for payment. Once approved, the invoice and a cash disbursement voucher are sent to the cash disbursement department, where a check is prepared and sent to the vendor. A copy of the check, the invoice, and the voucher are returned to the AP department and filed.