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Table 9.15
Balance the following line for an output rate of 3 units per minute,
using the longest work-element time rule.
-Use the information in Table 9.15.What is the balance delay for your solution?
Collection Float
The time gap between when a check is deposited into a bank account and when the funds become available.
Opportunity Cost
Opportunity cost refers to the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.
Net Float
The difference between checks written against and deposited in an account and those that have been cleared and charged against the account.
Short-term Investments
Financial assets that are expected to be converted into cash or sold within a short timeframe, usually one year or less.
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