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Problem - Lead Time Calculation-Doctor's Office
Lamar Edwards caught the flu and needed to see the doctor. Edwards called to set up an appointment and was told to come in at 1:00 P.M. Edwards arrived at the doctor's office promptly at 1:00 P.M. The waiting room had 5 other people in it. Patients were admitted from the waiting room in FIFO (first-in, first-out) order at a rate of 6 minutes per patient. After waiting until his turn, a nurse finally invited Edwards to an examining room. Once in the examining room, Edwards waited another 15 minutes before a nurse arrived to take some basic readings (temperature, blood pressure). The nurse needed 10 minutes to collect this clinical information. After the nurse left, Edwards waited 20 additional minutes before the doctor arrived. The doctor diagnosed the flu and provided a prescription for antibiotics, which took 15 minutes. Before leaving the doctor's office, Edwards waited 10 minutes at the business office to pay for the office visit.
Edwards spent 5 minutes walking next door to fill the prescription at the pharmacy. There were six people in front of Edwards, each person requiring 5 minutes to fill and purchase a prescription. Edwards arrived home 15 minutes after paying for his prescription.
a. What time does Edwards arrive home?
b. How much of the total elapsed time from 1:00 P.M. until when Edwards arrived home was non-value-added time?
c. What is the value-added ratio? Round to the nearest whole percent.
Emma Grace acquires three machines for $80,000 which have FMVs of $32,000 $28,000 and $20,000 respectively. The delivery cost is $500 and the installation costs amount to $2,500. What is the basis of each machine ?
at the beginning of the year logan companys assets are 200000 and its equity is 150000. during the year assets increase
In late 2012, the Nicklaus Corporation was formed.
The annual policy premium of $12,000 had been paid on January 1. Damitria's gift (before the annual gift tax exclusion) to Tremayne is:
In 2011, Linda sold her personal residence to Tom for $300,000. What amount of real estate taxes can Tom deduct
State whether the following sentences are true or false regarding the nature of fiduciary type funds and the accounting measurements within them. If the sentence is false, state why.
• How much is debt service funds for payments of principal over the life of the bonds?
Naylor Company had $154,300 of net income in 2016 when the selling price per unit. Collapse question part (a) Compute the number of units sold in 2016.
Later in the same year, Tim sold the stock to an unrelated party for $26,000. What is the tax effect of these transactions
Why are top management support and cross-functional involvement crucial when attempting to implement an ABC system?
Winston Manufacturing uses direct labor cost to apply overhead to its production. The budgeted direct labor cost and budgeted manufacturing overhead.
whaleco aquired all of the common stock of minnowco early in year 1 for 500000 and minnowco immediately elected to join
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