GAAP stands for Generally Aligned Accounting Partners.

In the space provided, type the accounting equation:

When journalizing a transaction, credits are written first and debits are written second and indented.

Which of the following accounts is increased by a debit.

The normal balance of Accounts Payable is a debit.

When using a T account, the left side of the account always represents the debit side while the right side always represents the credit side.

A process with 4 sequential tasks and three workers is shown in the following table.   Resource(s) Task Time (minutes) Task 1 Worker 1 40 Task 2 Worker 1, Worker 2 20 Task 3 Worker 2 20 Task 4 Worker 3 30   Note that for Task 2, Worker 1 and 2 work simultaneously (at the same time), not in parallel.   Suppose the demand rate for this process is 2 flow units per hour.   What is the flow rate and the cycle time?

c. What is the flow rate (i.e., throughput rate) of this assembly line? What is the cycle time? (4 points)

(Question 5-6) A process with two sequential tasks are described as the following process flow diagram. Suppose an order comes exactly every 20 minutes.   5. What is the flow rate?

Increasing the capacity of bottleneck resource(s) will increase the flow rate when the process is demand-constrained.