Answer the Following Questions Using the Information Below

question 86

Multiple Choice

Answer the following questions using the information below:
Kay's Window Company has a variable demand. Historically, its demand has ranged from 20 to 40 windows per day with an average of 30. Kay Ballard works eight hours a day, five days a week. Each order is one window and each window takes 13 minutes.
-What is the cycle time for an order?

• A)13 minutes per window
• B)28.2 minutes per window
• C)41.2 minutes per window
• D)390 minutes per day

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Definitions:

Generally Accepted Accounting Principles

A set of widely adhered to accounting principles and standards used in financial reporting.

Fair Value Accounting

An accounting approach where assets and liabilities are recorded at their current market value.

Assets and Liabilities

The resources owned by a company (assets) that provide future economic benefits and the obligations (liabilities) it owes to other entities.

Temporary Investments

Investments not intended to be held for long periods, often used to earn a return on idle cash.