If the Following Jobs Are Sequenced According to the First-Come-First-Served

question 3

Multiple Choice

If the following jobs are sequenced according to the first-come-first-served (FCFS) rule then the mean completion time in days for all jobs is (assume zero for today's date)

• A) 33 days.
• B) 22 days.
• C) 6.6 days.
• D) 4.4 days.

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Definitions:

Dishonored Note

This term refers to a promissory note that has not been paid at maturity by the maker, resulting in default.

Interest for Days

Calculated as the interest rate on a loan or investment applied over a specified number of days.

Total Amount Charged

The total amount charged refers to the aggregate sum of all charges, fees, and expenses associated with a transaction or series of transactions.

Allowance for Doubtful Accounts

This is an accounting method that estimates the amount of receivables that may not be collected due to customer defaults.