What time does edwards arrive home

Assignment Help Accounting Basics
Reference no: EM132113042

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.

Reference no: EM132113042

Questions Cloud

Explain the process you did to come up with the findings : Explain the process you did to come up with the findings. Based on the findings, provide business recommendations to Mr. Lopez.
How would you go about analyzing the opportunity : What questions would you ask? How might you structure your answer to best demonstrate problem-solving skills?
Discuss about the technological developments : Discuss how technological developments are affecting human resource management. Give at least one detailed example. 150 Words The response must be typed.
Discuss a minimum of two research methods that could be used : How might the lessons you have learned positively impact your career success? You may also share any other feedback you have about the course.
What time does edwards arrive home : Edwards spent 5 minutes walking next door to fill the prescription at the pharmacy. What time does Edwards arrive home
Describe the factors that contribute to team dynamics : Team dynamics are made up of many different aspects, and can be quite complex. This assignment allows you to bring together the concepts that you have learned.
Explain the reasons for regulation : What are the major types of government regulation of business? Explain the reasons for regulation.
Identify and explain the rules of law relating : Covering topics 5 to 11, this assignment has been designed to ensure that students are able to identify and apply legislation, rulings and case law
Compute the investments payback period in years : Cash expenditures $11,000 De investment: Salvage value of equipment $2,000 Recovery of working capital 2,000 The investments payback period in years

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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