Ship checks to the check clearinghouse Receive Sort checks checks by bank
Ship checks to the check clearinghouse Receive Sort checks checks by bank
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 5DQ
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Question
Suppose a bank clears checks drawn on customers’ checking accounts by using the following process: a. If the capacity for receiving checks is 1000 checks per hour, for sorting checks is 800 checks per hour, and for shipping checks is 1200 per hour, what is the capacity of the system to process checks?
b. If the flow rate is an average of 600 checks per hour and there are an average of 200 checks in the system,what is the average throughput time of checks?
c. What could be done to decrease the throughput time?
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