Simkin Corporation Keeps Careful Track of the Time Required to Fill

question 148

Multiple Choice

Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: The manufacturing cycle efficiency (MCE) was closest to:

• A) 0.46
• B) 0.06
• C) 0.20
• D) 0.19

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Definitions:

Cash Sales

Sales transactions where payment is received from the buyer immediately at the time of the sale, typically in cash or equivalent.

Deposits In Transit

Funds that have been deposited by a company but have not yet been recorded by the bank.

Bank Debit Memo

A notice from a bank reducing a customer's account balance due to charges like fees or corrections.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn on.