What is the value-added ratio

Assignment Help Financial Accounting
Reference no: EM132455

Question:

Carlton Maples caught the flu and required to see the doctor. Maples called to set up an appointment and were told to come in at 1:00 P.M. Maples arrived at the doctor's office promptly at 1:00 P.M. The waiting room had 8 other people in it. Patients were admitted from the waiting room in FIFO (first-in, first-out) order at a rate of 5 minutes per patient. After waiting until his turn, a nurse lastly invited Maples to an examining room. Once in the examining room, Maples waited another 15 minutes before a nurse arrived to take some basic readings (blood pressure, temperature). The nurse needed 10 minutes to collect the clinical information. After the nurse left, Maples waited 15 extra minutes before the doctor arrived. The doctor arrived and diagnosed the flu and provided a prescription for antibiotics. This took the doctor 10 minutes. Before leaving the doctor's office, Maples waited 10 minutes at the business office to pay for the office visit.

Maples spent five minutes walking next door to fill the prescription at the pharmacy. There were five people in front of Maples, each person requiring 5 minutes to fill and purchase a prescription. Maples finally arrived home 15 minutes after paying for his prescription.

a. What time does Maples arrive home?

b. How much of the total elapsed time from 1:00 P.M. until when Maples arrived home was non-value-added time?

Total elapsed time           minutes

Non-value-added time  minutes

c. What is the value-added ratio? Round to nearest whole percent.

d. Why does the doctor require patients to wait so long for service?

Reference no: EM132455

Questions Cloud

What do you mean by pseudocode and case subroutine call : What do you mean by pseudocode and case Subroutine call
Determine the maximum capital loss amount : What is the profit or loss that Alicia should report (again, ignore any gift tax that will have been paid on the transfer from Batista to Alicia) Determine the maximum capital loss amount that Abena can use to offset her other income?
Findout which one is false statement : Findout which one is false statement.
Determining the priority of period of execution of irqj : Determining the priority of period of execution of IRQJ
What is the value-added ratio : What is the value-added ratio? Round to nearest whole percent.
What was the net asset change for the year : What was the net asset change for the year
Effect of the price increase on the firm''s fcf for the year : What will be the effect of the price increase on the firm's FCF for the year?
Determine the npv of each choice : Propose when should Bell Mountain buy the new accounting system and Determine the NPV of each choice?
What are disadvantages of low class : What are disadvantages of low class What are advantages of high value?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Create a contribution margin format income statement

Create a contribution margin format income statement

  Capital budgeting case

Capital Budgeting Case

  Determine the npv of each choice

Propose when should Bell Mountain buy the new accounting system and Determine the NPV of each choice?

  Briefly describe metaphors credit card policy

Briefly describe Metaphors credit card policy

  Prepare a report on companys revenue for december

Prepare a report showing the spending variances and company's revenue for December.

  Global reporting initiative

Determine your company performance in relation to GRI standards and comment on Stigler's theory.

  Evaluate clients financial statement balance for inventory

Evaluate clients financial statement balance for inventory

  Determine merchandise inventory

Determine merchandise inventory

  Financial management and accounting processes

Financial management and accounting processes

  Evaluate the optimum selling price

Evaluate the optimum selling price and identify which customer group is most profitable.

  Perform horizontal financial analysis

Perform horizontal financial analysis

  Borrowing needs and preparation of statement of cash flows

Borrowing Needs and Preparation of Statement of Cash Flows

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd