Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - The claims processing unit of an auto insurance company receives 40 claims per hour. The claims go through 4 possible stages, see figure below. In each stage, a claim is handled by only one worker.
All claims first go through a Review stage, staffed by 4 workers. A worker at the Review stage takes 6 minutes to process a claim. After the Review stage, all claims go through an Evaluation and Verification stage, staffed by 6 workers. A worker in this stage takes 10 minutes per claim. After the Evaluation and Verification stage, on average only 25% claims turn out to be 'clean' that can be directly authorized for payment. The remaining 75% of claims require a further Management Review for handling exceptions. There are 6 workers at the Management Review stage, and it takes 15 minutes for a worker to perform a management review per claim. After the Management Review, only 60% of the claims are approved and authorized for payment. The remaining 40% of the claims are rejected and exit the system. There are two workers at the Authorization for Payment stage who issue payment for approved claims, and it takes a worker 5 minutes per claim.
What is the implied utilization at 'Authorization for Payment' stage?
The semi-annual coupon payment is $50. If the desired rate of return (yield rate) is j2 = 10% p.a., then determine the face value of the bond
When assigning indirect costs to each activity, how much factory rent should be assigned to the Preparation and Setup cost pool?
Construct a cash budget for the period January - April 2020. ABC ltd is preparing its budget for the 4 months commencing 1.1.20.
Noncash assets valued at P2,000,000 were sold for P1,325,000. Liabilities of P200,000 were paid. How much will Jun receive
Calculate the costs to carry the items including safety stock? The product has carrying costs of P50 per unit per year and order costs of P250 per order.
"Breakeven analysis isn't very useful to the company because companies require to do more than break even to survive in the long run." Describe why you agree or disagree with this statement.
What manufacturing costs were added to WIP during 2015? What is the cost of direct materials used during 2015? What is cost of goods manufactured for 2015?
What are 3 important reasons to reconcile bank and credit card accounts at set dates? To verify that an account balance is within its credit limit.
Compute the correct forward rate implied by the interest rates. You as a real estate investor are considering adding additional studio apartments
Which the activity best for service industry is most like to be? administrative salaries. / Machine hours. / Direct labour hours. / Direct labour cost
Discuss the concept of extraordinary items on the Income Statement. What are the ramifications of how and where extraordinary events are reported?
Identify the key risks under each of the areas named by the president. For each risk, indicate briefly how the risk may be avoided, transferred
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd