Consider the following 3-station serial production line: • Station 1 has 5 identical machines with average processing time of 15 min per job. • Station 2 has 12 identical machines with average processing times of 30 min per job. • Station 3 has one machine with average processing time of 3 min per job. a) (6 pts) What are the bottleneck rate, the raw process time and the critical WIP? b) (7 pts) Compute the average cycle time when the inventory level is set at 20 jobs, under the assumptions of i) the best case, ii) the worst case and iii) the practical worst case. c) (7 pts) Suppose you want the throughput of the line to be 90% of the bottleneck rate. Find the WIP level required to achieve this under the assumptions of i) the best case, ii) the worst case and iii) the practical worst case. d) (5 pts) If the cycle time at the critical WIP is 100 minutes, where does performance fall relative to the three cases? Is there much room for improvement?

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Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)