SOLVE THE FOLLOWING USING EXCEL 1. Determine the utilization and efficiency for each of the following situations. a. A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 loans per day. b. A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the effective capacity is five furnaces a day. c. Would you say that systems that have higher efficiency ratios thai other systems will always have higher utilization ratios than those other systems? Explain.
SOLVE THE FOLLOWING USING EXCEL 1. Determine the utilization and efficiency for each of the following situations. a. A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 loans per day. b. A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the effective capacity is five furnaces a day. c. Would you say that systems that have higher efficiency ratios thai other systems will always have higher utilization ratios than those other systems? Explain.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:SOLVE THE FOLLOWING USING EXCEL
1. Determine the utilization and efficiency for each of the following
situations.
a. A loan processing operation that processes an average of 7 loans per
day. The operation has a design capacity of 10 loans per day and an
effective capacity of 8 loans per day.
b. A furnace repair team that services an average of four furnaces a day
if the design capacity is six furnaces a day and the effective capacity is
five furnaces a day.
c. Would you say that systems that have higher efficiency ratios than
other systems will always have higher utilization ratios than those other
systems? Explain.
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