A system has 5 servers. Customers arrive at a rate of 6 per hour and service time is 20 minutes. What is the system utilization?
A) .83
B) .40
C) .50
D) 20
Answer: B
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A company using the perpetual inventory system purchased inventory worth $550,000 on account with credit terms of 2/15, n/45. Defective inventory of $70,000 was returned 3 days later, and the accounts were appropriately adjusted
If the company paid the invoice 25 days later, the journal entry to record the payment would be ________. A) $550,000 debit to Accounts Payable and $550,000 credit to Cash B) $480,000 debit to Accounts Payable and $480,000 credit to Cash C) $550,000 debit to Accounts Payable, $540,400 credit to Cash, and $9,600 credit to Merchandise Inventory D) $540,400 debit to Accounts Payable, $9,600 credit to Merchandise Inventory, and $480,000 credit to Cash
Discuss the major differences between supply chains for services and manufacturing. Which supply chain is easier to coordinate effectively?
What will be an ideal response?