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Paha777 [63]
3 years ago
7

Benny the Barber owns a one-chair shop. At barber college, they told Benny that his customers would exhibit a Poisson arrival di

stribution and that he would provide an exponential service distribution. His market survey data indicate that customers arrive at a rate of two per hour. It will take Benny an average of 20 minutes to give a haircut.
a.What is the average number of customers waiting? (Round your answer to 4 decimal places.)


b.What is the average time a customer waits? (Round your answer to nearest whole number.)


c.What is the average time a customer is in the shop?


d.What is the average utilization of Benny's time? (Round your answer to the nearest whole percent.)
Business
1 answer:
Vedmedyk [2.9K]3 years ago
8 0
Idk this one sorrrrrrrrrrrrrrrrry
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Answer and Explanation:

The preparation of the contribution margin income statement for the year is presented below:

Sales (45,000 units × $16 per unit) $720,000

Less: variable cost (45,000 units × $180,000 ÷ 30,000 units) -$270,000

Contribution margin $450,000

Less: fixed cost -$300,000

Net operating income $150,000

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3 years ago
To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for, Multiple choice question
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To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;

  • Rent expense is debited, prepaid rent is credited

<h3>Prepaid rent account</h3>

A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.

On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.

Read more on prepaid rent account;

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2 years ago
Drag the tiles to the correct boxes to complete the pairs. For each scenario match it to the correct factor describing the purpo
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The purpose for holding money in economic in classified into:

  • transactional motive
  • precautionary motive
  • speculative motive

<h3>The Drop-downs includes:</h3>
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  • When interest rates are low, people forgo interest income - Speculative motive

  • When aggregate income is high, people hold cash to buy goods that are plentiful and cheap - Transactional motive.

  • When interest rates are low, people speculate that they will soon increase - Speculative motive

  • Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. - Speculative motive

  • Ben is a consumer and decides not to purchase luxury items because they are too expensive - Speculative motive

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7 0
2 years ago
Clayton, a supervisor, needs to rate the performance of 20 subordinates. He uses a rating scale to rate them on a scale of 1 to
tigry1 [53]

Answer:

The correct answer is a) distributional.

Explanation:

The standard error is the standard deviation of the sample distribution of a sample statistic.1 The term also refers to an estimate of the standard deviation, derived from a particular sample used to compute the estimate.

The sample mean is the usual estimator of a population mean. However, different samples chosen from the same population tend in general to give different values of sample means. The standard error of the mean (that is, the error due to the estimation of the population mean from the sample means) is the standard deviation of all possible samples (of a given size) chosen from that population. In addition, the standard error of the mean can refer to an estimate of the standard deviation, calculated from a sample of data that is being analyzed at the same time.

3 0
3 years ago
During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $30,026, $67,603
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Answer: $6,834

Explanation:

Given the following ;

Cash flow to creditors = $30,026

Operating Cashflow = $67,603

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Beginning net working capital = $11,917

Ending working capital = $13,900

Therefore,

Net working capital = Ending working capital - beginning working capital

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Cashflow from asset = (operating Cashflow - Net capital spending - net working capital)

Cashflow from asset = $67,603 - $28,760 - $1,983 = $36,860

Therefore,

Company's Cashflow to stockholders during the year = (Cashflow from asset - Cashflow to creditors)

$36,860 - $30,026 = $6,834

6 0
3 years ago
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