A company is creating a product where the production line is made up of single machine stations where the throughput rates are not quite equal. The bottleneck rate of the line is 787 tons per 8 hour day, and the raw process time is 2 hours. The line has averaged 659 tons per day, and the flow time has averaged 3.5 hours. What is the estimated average WIP for the product line

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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