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The Owner of Touchdown Sports Bar Wants to Develop a Time

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The owner of Touchdown Sports Bar wants to develop a time standard for the task of mixing a specialty cocktail.In a preliminary study,he observed one of his bartenders perform this task seven times with an average of 90 seconds and a standard deviation of 5 seconds. What is the standard time (ST) for this task if the bartender worked at a twenty percent faster pace than is average,and an allowance of ten percent of job time is used?


Definitions:

Office Equipment

The fixtures, machinery, and devices used in an office environment to support business operations, including computers, printers, and copiers.

Dividends

Payments made by a corporation to its shareholder members, typically out of its profits.

Accounts Payable

Accounts Payable is a liability account on a company's balance sheet representing money owed to suppliers or creditors for goods and services received but not yet paid for.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts to check that debits equal credits in the double-entry accounting system.

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