Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5-1) Determine the utilization and the efficiency for each of these situations: a. A loan processing operation that processes an average of 7 loans per

5-1)

Determine the utilization and the efficiency for each of these situations:

a.

A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 15 loans per day and an effective capacity of 13 loans per day.(Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Utilization %
Efficiency %

b.

A furnace repair team that services an average of 5 furnaces a day if the design capacity is 7 furnaces a day and the effective capacity is 6 furnaces a day.(Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Utilization %
Efficiency %

c.

Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems?

This is not necessarily(Click to select)truefalse. If the design capacity is relatively(Click to select)highlow, the utilization could be(Click to select)lowhigheven though the efficiency was(Click to select)highlow.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Fundamentals With Connect Plus

Authors: John Wild

4th Edition

77785932, 978-0077785932

More Books

Students also viewed these Accounting questions

Question

=+c) Compute the CV and RRR for each decision.

Answered: 1 week ago

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago