Auto-Moto receives about 800 loan applications per month (30working days). All applications go through an Initial Review sub-process, where the applications are then classified as A (looks excellent), B (needs more detailed evaluation), and C (reject summarily). A and B applications would be forwarded to sub-processes A and B, respectively. On average, 10% of all applications go through Sub-process A, 30% go through sub-process B, and the rest are rejected. On average, 70% of applications in sub-process A, and 30% of applications in sub-process B are accepted and the rest are rejected. (Recall that all Cs were rejected. ) On average 180 applications are in the Initial Review sub-process, 60 are in sub-process A, and 60 applications are in sub-process B.

1. What is the average flow time of an application? The potential answers are:______.

2. How many applications are rejected per month? The potential answers are:______.

3. Compute the average flow time at Initial Review sub-process. The potential answers are:________

Answers

Answer 1

1. The average flow rate of an application is 11.3 days.

2. The number of applications that are rejected is 672.

3. The average flow time at Initial Review sub-process is 6.75 days

1.  What is the average flow time of an application?

R = 800

I = inventory

= 180 + 60 + 60

= 300

I/R = 300/800

= 0.375 month * 30 days

= 11.3 days

2.  How many applications are rejected per month?

The applications entering for A:

10 % of 800 = 80

The applications entering for B:

30% of 800 = 240

This shows that 60% are rejected

0.6 * 800 = 480

70% in A are accepted, so 30% x 80 = 24 are rejected for A

30% in B are accepted, so 70% x 240 = 168 are rejected for B.

Total number of rejected applications are 24 + 168 + 480

= 672

3. The average flow time at Initial Review sub-process

= I/R

I = 180

R = 800

180/800

= 6.75 days

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Related Questions

What should you mention about the interview in your thank-up letter?

Answers

Answer:

-Thank the interviewer for their time

- Reiterate interest in the position/company

- Remind the employer of your qualifications

- Follow up with any information requested of you

Explanation:

Consider this thank-you as a follow-up "sales" letter; in addition to thanking the person with whom you interviewed, it should reiterate your desire for the position. Describe your motivations for applying for the position, your qualifications, and how you might contribute significantly.

Why is it important to send a thank you letter after an interview?

You have the chance to restate key topics from your interview in a thank-you note. Have you ever left an interview wishing you had stressed a particular ability or experience the hiring manager seemed to be seeking more forcefully? You have the opportunity to do it after an interview by writing a thank-you note.

A thank you letter should end by stating that it was a joy to speak with the employer about the position. You should end by saying that you hope to hear from the employer with further instructions. The last step is to sign your name and include your phone number and email address.

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Which policy highlight would discuss how to approach an employer if you need to change a scheduled interview?.

Answers

The policy highlight that would address how to approach an employer if a scheduled interview needs to be changed is: The Public highlight.

What is a Public highlight?

A public highlight is an unwritten social laws institutionalized to solve unplanned problems. These policies serve as guide when implementing programs or actions created by an organization.

So for a planned interview to suddenly change, a public policy highlight would be most appropriate to implement. It gives room for an unforeseen event.

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types of waves that can be plane polarized


Answers

Plane polarisation is the method of allowing only waves orientated in the same direction - only allowing vibrations in one plane. Only transverse waves can be plane polarised because their vibration is perpendicular to the direction of energy travel - you can therefore have this vibration at different orientations

Which situation is an example of comparative advantage in an international market? country a decides to grow extra potatoes so they have more to export, while country b does not grow potatoes to export. factories in country a and country b produce the same number of tablet computers. country a’s factories could be used instead to build more laptops than the factories in country b. country a invests in a new technology while country b chooses to invest in education. country a can produce 100 units of rice per acre of farmland, while country b can only produce 70 units of rice per acre of farmland using the same resources.

Answers

Country A produces 100 units of rice per acre of farmland and Country B produces 70 units of rice per acre of farmland using the same resources.

What is the theory of comparative advantage?

The theory of comparative advantage introduces opportunity costs as an analysis factor in choosing between different production options.

Comparative advantages include producing more goods at a lower cost than our trading partners, lowering prices, and making more profits from it.

In the last option, we see higher productivity in Country A compared to country B, both of which are under the same conditions.

Therefore, it is easy to see that Country A is profitable when trading in the international market. Thus, Country A has a comparative advantage over country B.

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Answer: D. Country A can produce 100 units of rice per acre of farmland, while Country B can only produce 70 units of rice per acre of farmland using the same resources.

Explanation:

edge 2023

what conflict situation is should I accept the job offer I currently have or should I wait to hear from the company that I really want to work for

Answers

In a conflict situation where a person has a job offer but is still waiting for a response from the company he wants to work with, it is best to properly weigh your options and take up the existing job offer.

What is a Career Interest?

This refers to the situation where a person has certain preferences about where he would like to work in relation to other jobs or job offers.

Hence, we can note that because there is an already existing job offer, it would be worthwhile to take it and gain creditable experience which would help you land your dream job.

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Even if your family can pay the full amount of attending college, filling out the Free Application for Federal Student Aid (FAFSA) is a good idea because:

A. your situation and interest rates might change.

B. you can better qualify for merit-based financial aid.

C. it shows how wealthy you are.

D. you are guaranteed to get some kind of aid.

Answers

Answer:

the correct and sure answer is D

You are guaranteed to get some kind of aid.

Thus, the correct option is D.

What is an aid?

The international transfer of money, products, or services from one nation to another or from an international organization to another nation or its people. Aid might be financial, military, or humanitarian in an urgent situation.

Aid for Trade aims to assist developing nations, particularly the least developed, in creating the infrastructure and trade capability necessary to take advantage of trade openness.

Aid is support provided from one nation to another. It includes resources including cash, tools, education, and loans. Foreign help can come from non-governmental organizations (NGOs) or from the government of one nation to the government of another.

Grants, scholarships, loans, and work study are the four fundamental categories of financial aid, and federal, state, institutional, and private are the four fundamental sources.

Foreign aid can be used to further the political objectives of a government, enabling it to garner respect for its participation in international institutions, achieve diplomatic recognition, or enhance the reach of its ambassadors abroad.

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Joining a career and technical student organization is a good way to
1. develop skills that match your areas of interest
2. get a part-time job to earn spending money
3. show your commitment to helping people
4. work on scholarship applications

Answers

Answer

A: develop skills that match your areas of interest

Answer:

A.

Explanation:

Complete the statement below using the correct term.
on the job under _____
Highly motivated people who seek help from the right people will advance and be able to
most conditions

Answers

When a person is highly motivated, they will be more likely to advance and overcome most conditions in a job under pressure.

What happens to highly motivated people?

When a person is highly motivated to work, and seeks help from the right people, they will gain the necessary knowledge needed to advance in a company.

This means that their knowledge combined with their willingness to work hard on account of their motivation, will allow them to overcome most conditions regardless of the pressure they will be under.

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Which tend to be more volatile, short- or long-term interest rates?.

Answers

Answer:

Short-term rates

Explanation:

are more volatile than long-term rates and move more quickly than long-term rates

Louvers, Incorporated, accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27.
Prepare the necessary November 27 entry for Louvers by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. If there are multiple debits or multiple credits, please enter the account titles in alphabetical order. View transaction list Journal entry worksheet < 1 Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27. Note: Enter debits before credits. Debit Credit Date Nov. 27 General Journal Cash Interest revenue Interest receivable Notes receivable Record entry Clear entry View general journal

Answers

Answer:

November 27                                      Debit                 Credit

Bank                                                    $15,750

(15,000+15,000*10%*180/360)

Accrued interest income                                              $125          

Interest income                                                              $625

Note receivable from customer                                   $15,000

turell grant is a claims adjustor his biweekly salary is 1,075. what is his annual and monthly salary?

Answers

Answer:

$27,950 and $2,329. 17

Explanation:

Bi-weekly means every two weeks.  A biweekly salary is paid once every two weeks.

One year has 52 weeks; a Biweekly salary will be paid (52/2) times in a year.

Yearly salary will be $1075 x 26

=$27,950

The monthly salary will be yearly salary divide by 12

=$27,950/12

=$2,329. 17

Bebarly appreciates compliments about her new photography business but really values constructive criticism, as she can then address particular issues. According to Julian Rotter, Bebarly has a(n)

Answers

Assuming Bebarly appreciates compliments about her new photography business but really values constructive criticism. According to Julian Rotter, Bebarly has a(n): internal locus of control.

What is  internal locus of control?

Internal locus of control can be defined as the way in which a person or an individual believe  that whatsoever happen to them is as a result of their own capabilities.

A person with Internal locus of control personality will tend to believe that their action is what lend to the positve result they had just as in the case of Bebarly.

Inconclusion according to Julian Rotter, Bebarly has a(n): internal locus of control.

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When interacting with a customer who has a rational style and keeps communication brief, your best strategy is to

Answers

The best strategy which a person should use when interacting with a customer who has a rational style and keeps communication brief is:

Ask open-ended questions to obtain information.

What is Communication?

This refers to the exchange of information between two or more people where feedback is given through a medium.

With this in mind, we can note that because the customer has a rational style and communicates in a straightforward manner, then the best strategy would be to ask open-ended questions to obtain information.

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Which of the following is the definition of point of operation?

a)Component of the machine which moves while the machine is working

b) Part of the mechanical system which conducts energy to the part of the machine performing the work

c) Area on a machine where the work is performed

d) Repetitive up-and-down or back-and-forth linear motion

Answers

Answer:

Explanation:

B.

Why is it a good idea to check your bank statements on a regular basis?.

Answers

Reviewing your account statements can help you identify ways to save in fees, particularly if you are paying excess savings transaction fees.

SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations throughout the United States. Group startsTrue or False

Answers

It is a false statement that SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations.

What is SCORE?

SCORE means Service Corps of Retired Executives.

The organization is nonprofit organization that is founded to provides free and confidential business mentoring services to small business owners in the United States.

In conclusion, It is a false statement that SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations.

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Accounts receivable, net of the allowance for doubtful accounts is called:.

Answers

Accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

What is net realizable value?

Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.

The net realizable value is the result of deducting the costs incurred in selling the goods from its selling price.

Hence, accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

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____________ reflects the degree to which a person finds fulfillment in their job. a. Job involvement b. Organizational commitment c. Organizational citizenship d. Cognitive dissonance e. Job satisfaction

Answers

It should be noted that Job satisfaction reflects the degree to which a person finds fulfillment in their job.

What is Job satisfaction?

Job satisfaction or employee satisfaction  can be regarded as the measure of workers' contentedness with their job.

Job satisfaction help the workers to be committed to his job.

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Strategic planning and strategic thinking differ according to.

Answers

It should be noted that Strategic planning and strategic thinking differ according to The immediacy of their responses to real or anticipated opportunities.

What is Strategic planning and strategic thinking all about?

Strategic planning  serves as the process whereby organizational leaders determine their vision for the future.

Strategic thinking is more focus on finding and developing unique opportunities to create value as regards organisation's direction.

They are different based on their immediacy of their responses about the circumstances around.

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A company that expects that some of its customers will not pay the agreed upon sales price must utilize the.

Answers

A company that notices that some of its customers will not pay the agreed-upon sales price must make use of the allowance method of accounting.

What is the allowance method in accounting?

The allowance method is a strategy of putting up a reserve for potential consumer debt in the future. The reserve is calculated based on the sales percentage generated in a given reporting period, may be modified for the risk related to specific clients.

The allowance method calculates the provision for uncertain accounts by multiplying and scaling the accounts receivable by the correct percentage for the aging period and then adding the two totals altogether.

Therefore, a company that notices that some of its customers will not pay the agreed-upon sales price must make use of the allowance method of accounting.

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HELP ASAP

match the terms with their definitions

Inflation

Economizing

cost- push pricing

Target audience

demand-pull inflation

cost-plus pricing

comparison shopping

Markup

1.

Setting a price based on production costs plus a markup
2.

Checking prices, brands, and quality among several sellers
to make sure you are getting the best deal
3.

Rising prices as a result of rising production costs
4.

An increase in the general level of prices for goods and services
5.

Saving as much as possible and spending money only when necessary
6.

A specific consumer group who are likely to buy a product
7.

Rising prices as a result of consumers wanting to buy more
goods and services than producers supply
8.

The percentage amount added to production cost to obtain the price of an item

Answers

Answer:

4, 5, 3, 6, 7, 8, 2, 1,

Explanation:

Which resource management task includes activating?.

Answers

Answer:

Which resource management task enables resource coordination throughout the incident? Incident information is used across ICS, EOCs, MAC Groups, and JIS to aid in planning, determine incident costs, and identify safety issues.

MPUM BOTTLE MANUFACTURERSTABM)
Mpumi Bottle Manufacturers is a large business well known for supplying quality plastic
bottles, is the most customer-centric company, that build a place where people can come
find any bottle. The financial manager borrowed money from Blue bank at a high-interest
rate to buy material and equipment for manufacturing bottles. MBM has recently appointed
two experienced employees who are responsible for branding the bottles
The demand for branded bottles increased in other provinces they opened another branch
in North West Province. Raheem Trading opened a similar business that offers the same
services at a lower price,
Gail, the director shares the understating of how things are done in the business to
accomplish the business mission Raheem Trading's board of directors strongly believes in
good leadership and management for the success of the business.
Bennie the purchasing manager, at Raheem Trading ensures that there is enough stock
available for continuous production, Place orders with suppliers and follow up on them.
The credit department supervisor educates consumers on making the right choices when
they apply for credit
1.1.1 Quote the visions statement of mpumi bottle manufacturers in the case study above
1.1.2 Name ONE component/feature of each business environment in the cas study above .motivate your answer by quoting from the case study

Answers

Answer:

Name one component/feature of each business environment in the case study

Describes at least three resources you have used in the past to find information

Answers

Answer:

1. newspaper

2. books

3. internet

PLEASE HELPP:
Jones, Inc is trying to schedule a holiday party and would like to collect suggestions about the best date and location from their employees. The company has 200 employees on staff. What is the best form of communication to utilize and why?

Answers

Answer:

the best way is phone

Explanation:

becuase to get all of them in a group and tell them all


Which challenge leads to a gap between the objectives of the IS systems and the business needs when developing the IS?

Answers

Answer: Lack of documentation

Explanation:

In a large open economy, what is the source of the domestic supply of loanable funds?.

Answers

National savings can be described as the source of domestic supply of loanable funds in an economy.

What is national savings?

This is a term that is used to refer to the sum of private and public savings in an economy.

National savings is the sum of the income in the economy minus the consumption and the expenditure in the nation.

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what are loans to a company or government for a set amount of.time. they earn interest and are considered low-risk investments.
a) mutual funds
b) bonds
c) stocks
d) derivatives

Answers

Answer:

b) bonds

Explanation:

Bonds are investment assets. Investors lend money to the government and corporates over a fixed period. In return, the company or the government pays a fixed amount of interest periodically until the agreed fixed period is over( maturity date). At maturity, the investor receives back the full amount he had loaned out (the principal amount).

Bonds are considered a low-risk investment option. Governments hardly default on their bond obligations. Companies that issue bonds to the public regulated and are less likely to default on payments.

a bank holding company owns a bank that is chartered by the Office of the Comptroller of the Currency (OCC) of the U.S. Treasury Department and has federal deposit insurance, it can be regulated by

Answers

The Federal Reserve is the federal entity that regulates the bank holding company that is chartered by the Office of the Comptroller of the Currency.

What is a bank holding company?

A bank holding company refers to an independent company that controls banks but does not itself in their activities.

In conclusion, the Federal Reserve is the federal entity that regulates the bank holding company that is chartered by the Office of the Comptroller of the Currency.

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which kind of flour contains more gluten and less starch
a.all purpose flour
b.bread flour
c.cake flour
d.soft flour​

Answers

Answer: b. bread flour

Explanation:

Different types of flour have varying gluten and starch content which is as a result of the kind of wheat used in making the flour.

Bread flour which is also called hard flour has gluten content of 13 to 14% which makes it the highest of the options. All purpose flour has around 12%, Cake flour has about 7.5 to 9% and soft flour is quite low as well.

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