Acme,Inc,Produces Widgets

question 9

Multiple Choice

Acme,Inc.,produces widgets.To manufacture a new type of widget,it took 57 hours for the first widget.Acme estimates it has an 84% learning rate.Using the logarithmic approach,calculate the time it will take to manufacture the 114th widget.

• A)17.27 hours
• B)19.58 hours
• C)16.52 hours
• D)21.94 hours

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Definitions:

Dissemination

The process of distributing or spreading information, knowledge, or data widely, especially to ensure accessibility to relevant stakeholders.

Operating Cycle

The duration between the acquisition of inventory and the collection of cash from receivables.

Cash Cycle

The time period it takes for a company to convert its investments in inventory back into cash, through sales.

Accounts Receivable Period

The typical duration in days that a company requires to receive payments from its sales made on credit.