Answer:
The minimum number of staffs that could be hired is 4
The optimal number of stuff is 6 and The total cost per hour is $114.14
Explanation:
Average arrival rate, λ = 190 per hour
Average service rate, μ = 1 in 1 minute = 60 per hour
The minimum number of servers required for a stable queuing system
= λ/μ
= 190/60
= 3.167
Therefore, The minimum number of staffs that could be hired is 4.
s P0 Lq Server cost per hour = s*18
4 0.029 2.210 72
5 0.039 0.483 90
6 0.041 0.137 108
Waiting cost per hour = Lq*45 Total cost per hour
99.44 171.44
21.72 111.72
6.14 114.14
The total cost is optimal for s = 6.
Therefore, The optimal number of stuff is 6 and The total cost per hour is $114.14
Answer: 11.1 times
Explanation:
Times Interest Ratio = Earnings before Interest and Tax/ Interest
Earnings before Interest and tax = Net Income + Interest + Tax
= 73,300 + 10,500 + 32,900
= $116,700
Times Interest ratio = 116,700/10,500
= 11.1 times
Answer:
<h2>In this case,the answer is option is B. or a positive economic statement.</h2>
Explanation:
- In Economics or any Social Science,a positive statement basically refers to an assertion,proposition,fact etc. that can be practically tested or evaluated by examining statistical or empirical data,information and/or facts.
- In this instance,the statement given represents an economic relationship between two economic variables,that is,price of gasoline and its consumption level.
- Therefore,this is a general statement that can be verified or evaluated by collecting and examining relevant numerical data or facts on the price of gasoline and its consumption level at various parts of the country.
- Following the data or numerical fact collection on both price of gasoline and its consumption or purchase level,a basic correlation study can be conducted between the two concerned variables to determine whether the gasoline price has any practical impact on its consumption level.
Answer:
Fox Resources
Units of common stock in issue = $5,000,000 divided $20 = 250,000 units
A. Earnings per share = Net income (after deducting preferred stock interest) divided by number of outstanding shares in issue
We assume the Net income provided already has deducted interest on preferred stock
= 600,000/250,000
= $2.4
B. Price Earning Ratio
= share price divided by the Earnings per share
= 20/2.4
= 8.33
C. Dividend Per share
= Dividend paid divided by number of common stock issued & outstanding
= $125,000/250,000
= $0.50
