Use the information in the preceding table and sequence the seven jobs using first come,first served (FCFS)and earliest due date (EDD).Calculate the average flow time and average past due.It is now time 5.
Definitions:
Cash Short
A situation where the actual cash on hand is less than the expected amount, often detected through cash register or petty cash reconciliations.
Selling Expenses
Costs directly associated with the marketing and selling of products or services.
Bank Reconciliation
The process of comparing and adjusting the balance shown in an organization's bank statement, with the balance shown in its own financial records.
Deposits In Transit
Funds that have been deposited in a bank account but not yet recorded by the bank in the account balance, often due to timing differences.
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