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kolezko [41]
2 years ago
13

Assuming a 24 hour operation in a warehouse, and an arrival following Poisson distribution with mean rate of 36 per day and serv

ice (unloading using a single bay) following exponential distribution with a rate of 48 trucks per day, answer the following question. What is the expected waiting time in the system (in hours) for a typical truck?
Business
1 answer:
vova2212 [387]2 years ago
7 0

Answer:

The expected value is equal to 0.176

Explanation:

mean = 36

rate per day = 48

P(x; 48)= e⁻⁴⁸( 48)³⁶/36!

E(X)= 1.425 e⁻²¹ 3.347 e⁶⁰/3.72e⁴¹

E(X)= 1.425 *3.347*e⁻²/3.72

E(X)= 1.3e⁻²= 0.1759= 0.176

The probability that an event occurs in a very short time interval is proportional to the length of the interval which is a positive quantity and may be interpreted as the average number of occurrences per unit of time.

The probability that two or more events occur in such a short interval is so small that it can be neglected.

events occurring in non overlapping intervals of time are statistically independent .

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Six months ago, you purchased 3,000 shares of ABC stock for $47.06 a share. You have received dividend payments equal to $.80 a
Sergeeva-Olga [200]

Answer:

Total dollar return = 2400 + 8040 = $10440

Option d is the correct answer

Explanation:

To calculate the total dollar return on the investment, we will calculate the value of dividend received from the shares and the capital gain made on this investment. The capital gain is the appreciation in value less the initial cost paid for the investment.

First we calculate the value of dividend received on the investment.

Dividend received = 3000 * 0.8 = $2400

Now we calculate the value of capital gain.

Capital gain = (Sale price - Initial cost) * Number of shares

Capital gain = (49.74 - 47.06) * 3000

Capital gain = $8040

Total dollar return = 2400 + 8040 = $10440

3 0
2 years ago
The sole responsibility of management with regard to financial reporting involves preparing and presenting financial statements
postnew [5]

Answer:

The answer to this question is True.

Explanation:

The one and only responsibility of the management towards financial reporting involves presenting the financial statements that were prepared by the them that is in accordance to the financial reporting framework that is applicable.

Hence the answer to this question is True.

4 0
3 years ago
Corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is​ $3.75, variable costs
ANEK [815]
If corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is $3.75, variable costs are $1.25 per dozen, and total fixed costs are $750.00, the breakeven sales will be $ 1, 125. Breakeven sales are computed by dividing the company's expenses with the margin ratio.
7 0
3 years ago
On January 1, 2017, Windsor Corporation sold a building that cost $271,010 and that had accumulated depreciation of $101,000 on
Paladinen [302]

Answer:

= $31,538

Explanation:

At what amount should the gain from the sale of the building be reported ?

Book value of the building at January 1, 2017 will be calculated by =

Cost of the building - Depreciation

271,010 - 101,000 = $170,010

Windsor sold the building for 261,010 due o January 1,2020, which is exactly three years after the date it was sold.

To find out the gain or loss, we will calculate the present value of the amount paid to Windsor Corporation at January 01, 2017.

Present value = \frac{Future Valye}{(1+r)^{2}}

Note due in 3 years,  

PV = \frac{261,010}{(1.09)^{3} } = $201,548

The Present value is greater than the book value of the building at January 1,2017, so we have a gain on sale of the building, which is calculated by:

Gain on sale of building = $201,548 - $170,010

= $31,538

Windsor Corporation will report a gain on sale of building of $31,538.

8 0
3 years ago
Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to access th
IgorC [24]

Answer and Explanation:

the journal entry is given below:

Depletion Expense $1,358,500

         To Accumulated Depletion $1,358,500.

(Being depletion expense is recorded)

Here the depletion expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets

Working note

Depletion expense is

= ($5,900,000 + $600,000) ÷ $2,000,000 × 418,000

= $1,358,500

8 0
2 years ago
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