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

Business

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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

Business

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?

Business