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Table 10.14
The department of philosophy at a university in Oregon must allocate six faculty members to their new offices. The following trip matrix indicates the expected number of contacts per day made between professors. Also shown on the right is a sketch of the available office spaces (1 through 6) for the six faculty members. Assume equally sized offices. The distance between office 1 and office 2 (as well as the distance between office 1 and 3) is one unit of distance. Please measure by rectilinear distance.
-Use the information in Table 10.14. Because of their academic position Professor A must be assigned to office 1, Professor C must be assigned to office 2, and professor D must be assigned to office 6. What faculty members should be assigned to offices 3, 4, and 5, respectively to minimize the total load- distance score? (Assume rectilinear distance)
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are consistent.
Bank Service Charge
Fees charged by a bank to a customer for account services provided.
Adjusting Entry
Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Accounts Receivable
The amount customers are required to pay a business for goods or services already received but not yet settled.
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