Concept explainers
The McDuff Credit Union advertises their ability to quickly process personal loan applications for their members. As seen in Table 11.18, the loan process requires four steps and takes approximately 8 working days to complete.
To process a loan, the Credit Union requires accounting clerks, financial analysts, and a branch manager. Table 11.19 provides the time required by each employee classification by process level.
Calculate the total hours of each resource that will be required by McDuffs if the following numbers of final loan approval applications are
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