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Vedmedyk [2.9K]
1 year ago
11

"Little's Law states: I=TR with the average flow time T, the average inventory I, and the throughput R. When is Little's Law val

id? Select one:
a. Little's Law holds for processes where the average inflow rate is always strictly larger than the average outflow rate in the long-run
b. Little's Law holds for processes where the average inflow rate is the same as the average outflow rate in the long-run
c. Little's Law holds for processes where the average inflow rate is strictly smaller than the average outflow rate in the long-run
d. Little's Law holds for any process "
Business
1 answer:
Elena-2011 [213]1 year ago
3 0

Little's Law holds for processes where the average inflow rate is the same as the average outflow rate in the long-run.

<h3>What is the Little's Law?</h3>

Little's theorem is a mathematical queueing theorem by John Little which states that the long-term average number of customers in a stationary system is equal to the long-term average effective arrival rate multiplied by the average time that a customer spends in the system.

This law is very useful and valid because it does not count into factors the miscellaneous things like process distribution, service distribution, service order, etc.

Therefore , the correct answer is option B.

To learn more about Little's Law, click here: brainly.com/question/4613799

#SPJ1

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Webster Corporation's budgeted sales for February are $335,000. Webster pays sales representatives a commission of 7% of sales d
aivan3 [116]

Answer:

The correct answer is $31,850

Explanation:

Webster pays sales representatives a commission of 7% of sales dollars

( sales for February are $335,000)

$335,000 x 7% = $23,450 Comision to sales representatives

Total budgeted selling expenses for February.

$23,450 (comision)

$5,400 (sales manager salary)

$3,000 (advertising expense)

$23,450 + $5,400 + $3,000 = $31,850 Total budgeted selling expenses for February.

6 0
4 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.50 each. Complete th
statuscvo [17]

Answer:

Option A is a price floor, option B is binding and option C is price ceiling.

Explanation:

It is stated that the equilibrium price of a donut is $1.50.

If the government institutes a legal minimum price of $1.80 for a donut, that would be an example of price floor because the price cannot be lower than that. $1.80 is higher than $1.50 so it serves a purpose.

Option B is binding since any donut shop that wants to pay better wages is prohibited from hiring more workers.

The government prohibiting donut shops from selling a donut for more than $1.10 is an example of floor ceiling because the price can not go higher than $1.10.

I hope this answer helps.

4 0
3 years ago
For the current year ended March 31, Cosgrove Company expects fixed costs of $27,600,000, a unit variable cost of $805, and a un
tatyana61 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $27,600,000

Unitary variable cost= $805

Unit selling price= $1,150

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 27,600,000 / (1,150 - 805)

Break-even point in units= 80,000 units

Desired income= $5,175,000

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (27,600,000 + 5,175,000) / 345

Break-even point in units= 95,000 units

4 0
4 years ago
it is to conceive that a single company can create a product from scratch and sell it without the contribution of other companie
Tju [1.3M]

According to the selling principle, unless a company makes a significant effort to market and promote its products, people won't buy enough of them.

What do you call the process of producing a product?

Generally speaking, product development refers to all phases that go into creating a product, from concept or idea to market release and beyond. In other words, the complete path of a product is incorporated into product creation.

What are the four different methods for developing products?

Following are the four stages of product development: R&D, Growth, Maturation, and Decline. These may be challenging to accurately map out, but as you expand a product over time, you can gain a clearer understanding of the stage it is in.

To know more about products visit:-

brainly.com/question/22852400

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5 0
1 year ago
Which feature would clickstream analysis typically capture?
Strike441 [17]

Answer:

d

Explanation:

8 0
3 years ago
Read 2 more answers
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