Answer the Following Questions Using the Information Below

question 75

Multiple Choice

Answer the following questions using the information below:
O'Grady's Cycle Repairs shop has a variable demand.Historically,its demand has ranged from 20 to 25 bicycle repairs per day with an average of 20.Evan,the mechanic,works eight hours a day,five days a week.Each order is one bicycle repair and each bicycle repair takes 20 minutes.
-What is the cycle time for an order?

• A)56.4 minutes per bicycle repair
• B)20 minutes per bicycle repair
• C)70 minutes per bicycle repair
• D)520 minutes per day

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Definitions:

Average Tax Rates

The ratio of the total amount of taxes paid to the total income, providing a measure of the tax burden.

Taxable Income

The portion of an individual’s or entity’s income that is subject to income tax after all deductions and exemptions.

Progressive

A system or policy where the level of contribution or effort increases with some measure of capacity, such as a progressive tax system where higher income earns pay a higher rate.

Proportional

Relating to or denoting a relationship where elements vary together at a constant rate and a change in one element results in a corresponding change in another.