Answer:
Explanation:
Average length of queue, Lq = λ^2/μ/(μ-λ)
μ is service rate, λ is arrival rate
Mean time to service = 15 minutes (decoration)
Service rate, μ = 60 / 15 = 4 per hour
It is given that the mean length of the queue for decorating is not to exceed five cakes, Lq = λ^2/μ/(μ-λ) = 5
λ^2/4/(4-λ) = 5
λ = 3.4164 per hour
Mean time between arrivals = 60 / 3.4164 = 17.56 minutes
The minimum acceptable mean time between arrivals = 17.56 minutes
Annual percentage rate or APR is a credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR).
Now, According to the Question,
We are Given :-
- Time = 3 Years, paid back monthly
<u>CALCULATION</u>
Finance Charge / Amount Financed =
$195.56 / $1,000 = 19.56
Table factor of 19.56 at 36 periods = 12% APR
Therefore the APR for the borrowed money is 12%
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Answer:
$116.28
Explanation:
This can be calculated as follows:
Mark up = [1 ÷ (1 - Lerner index)]
Price = Mark-up × Marginal cost
= [1 ÷ (1 - 0.57)] × $50
Price = [1 ÷ 0.43] × $50 = $116.28
Therefore, the price this firm will charge its customers is $116.28.
Answer:
correct option is C. $250,000
Explanation:
given data
sold the home and gain = $300,000
to find out
amount of the gain allowed to exclude from gross income
solution
we know that Michael owned the property for the 10 years
so here Michael is not allowed to exclude the gain = 10 % that is $30,000
and The maximum gain exclusion permitted = $250000
so here Michael will recognize $50,000 because amount exceed $250,000 for a single taxpayer and exclusion of gain on sales of property tax payer need to own and occupy the property as principle residence for the 2 out of 5 year immediately preceding the sales
so here correct option is C. $250,000
Answer:
a) commonly agreed-upon professional accounting standards in the United States
Explanation:
According to the Generally Accepted Accounting Principles (GAAP) it consist of accounting principles, rules, procedures that are followed companies to companies so that there financial statements considered to be valid.
Here, in the given question the option A is correct as it is agreed for the professional accounting standard that shows the Generally Accepted Accounting Principles (GAAP)
Hence, the correct option is A.