Answer:
Arrival rate
1 every 3 minutes
1 minute = 1/3 = 0.33
60 minutes = 0.33*60 = 19.8 = 20 per hour
λ = 20 per hour
Service Rate
1 every 2 minutes
1 minutes = 1/2 = 0.5
60 minutes = 0.5*60 = 30 per hour
µ = 30 per hour
a. Utilization of Teller Machine
P = λ / µ
P = 20/30
P = 66.67%
b. Average number of customers in line
Lq = pL = (λ/µ) (λ/µ- λ)
= (20 / 30) (20 / 30 - 20)
= 20/30 * 20 / 10
= 1.33 customers
c. Average number of customers in the system
L = (λ/µ- λ)
= 20 / 30 - 20
= 20 / 10
= 2 customers
d. Average time customer spends in line
Wq = λ/[µ*(µ- λ)]
= 20 / [30 * (30-20)]
= 20 / 30 * 10
= 0.06667 hours or 4 minutes
e. Average time customers spend in the system
W = 1/(µ- λ)
= 1 / 30 - 20
= 1/10
= 0.10 hours or 6 minutes
f. Probability that there are 3 customers in the system
Pn = (1-p)*p^n
= (1 - 20/30) * (20/30)^3
= 0.3333 * 0.296296
= 0.09876
g. Probability that there are two or more customers in the system
= 1 - P(0) - P(1)
= 1 - (1 - 20/30) * (20/30)^0 - (1 - 20/30) * (20/30)^1
= 1 - 1/3 - 2/9
= 4/9
= 0.4444
Answer:
Competitive advertising.
Explanation:
Competitive advertising is used to create difference in product sold by itself and product sold or manufactured by other competitor in the Market. It helps to influence consumer´s choice in buying the product. It also help the firm to gain maximum market share as other are new in the marketplace.
Competitive advertising are done on the basis of product´s quality, price, ingredient, benefit of product, etc.
As firm´s product is already in growth phase of life cycle and other company is just entering the marketplace, so firm can use competitive advertising to influence consumer´ s buying choice and can gain more market share.
Answer:
Before a large corporation makes any investment decision, they carry out a cost benefit analysis. In other words, before the banks install clear acrylic partitions, they will decide if the cost of installing those partitions offset the costs of the robberies. The problem with this reasoning is that all banks have insurance against robberies, so if they are robbed the insurance company pays them. So installing the partitions do not represent a lot of benefits for the bank, but they are expensive and represent a large investment. The only way that banks install them is that insurance companies force them to do so.
Answer:
A. $720 Unfavorable
B. $840 Unfavorable
C. $1,560 Unfavorable
D. $800 Favorable
E. $30 Unfavorable
F. $790 Unfavorable
Explanation:
The computation of given question is shown below:-
A. Sales = (Budget quantity - Actual quantity) × Budgeted sale price
= ($8.10 - $7.80) × 2,400
= $0.3 × 2,400
= $720 Unfavorable
B. Variable manufacturing = (Actual variable cost - Budgeted variable manufacturing cost) × Budgeted sale price
= ($4.25 - $3.90) × 2,400
= $0.35 × 2,400
= $840 Unfavorable
C. Contribution margin = ((Budgeted sales price - Budgeted variable manufacturing cost) - (Actual sale price - Actual variable cost)) × Budgeted sale price
= (($8.10 - $3.90) - ($7.80 - $4.25)) × 2,400
= $0.65 × 2,400
= $1,560 Unfavorable
D. Fixed manufacturing = Actual fixed manufacturing cost - Budgeted Fixed manufacturing cost
= $1,300 - $2,100
= $800 Favorable
E. Fixed selling and admin cost = Actual selling and administrative costs - Budgeted fixed selling and administrative cost
= $530 - $500
= $30 Unfavorable
F. Net income (loss) = Contribution margin - Fixed manufacturing + Fixed selling and admin cost
= $1,560 - $800 + $30
= $790 Unfavorable
Answer:
Yanta Co. has a higher exposure to exchange rate risk than Diz Co.
The reason is that Yanta Co. does not have net inflows of euros. Instead, its euro transactions yield net outflows.
It will always be in need of euros to settle its foreign debts or obligations, unlike Diz Co. with foreign assets.
Explanation:
a) Data and Analysis:
Diz Co. has net cash inflows of euros and net cash inflows of swiss francs
Yanta Co. has net cash outflows of euros and net cash inflows of swiss francs
b) Exposure to exchange rate risk or currency risk is the financial risk arising from fluctuations in the value of the US dollars against the Euro or Swiss Francs in which Diz Co. has some foreign assets while Yanta Co. has foreign obligations.
