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Step2247 [10]
3 years ago
8

Q2. Clare works at the front desk of DESB. Between 10:30am and 11:00am, 10 students stop by to ask questions on average. It usua

lly takes 3 minutes to answer a question. What is the average number of students either waiting or asking questions to Clare at the front desk? (Be careful when you find the flow rate for this question!)
Business
1 answer:
blagie [28]3 years ago
3 0

Answer:

One student is waiting at the front desk.

Explanation:

By Using Little's law, we have:

L = R  *  T

Here

L is the average number of items in the system which is average students waiting in this case

R (Arrival Rate) =  Total Students / Time taken = 10 Students / 30 minutes

R = 0.33 student per minute

T is the time taken for each student which is 3 minutes

By putting the above values, we have:

L = 0.33 * 3 = 1 student waiting

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What does a single point on the supply curve represent?a. The cost of producing the given quantity of filmb. the amount of profi
dimulka [17.4K]

Answer:

d. the price the consumers are willing to pay for a roll of film

Explanation:

The option “D” is correct because the supply curve is upward sloping and shows the positive relationship with the price mentioned on the verticle axis of the curve. This price is the same price that a person pays for the commodity. If the price paid by the person is more, then the supplier will supply more. If the price is lower, then the supplier will supply less. Thus, this shows that price and supply and positively related to each other.

8 0
3 years ago
Macy Corporation's relevant range of activity is 4,000 units to 8,000 units. When it produces and sells 6,000 units, its average
denis23 [38]

Answer:

$12.35

Explanation:

Given that,

Direct materials = $ 4.95

Direct labor = $ 3.25

Variable manufacturing overhead = $ 1.45

Fixed manufacturing overhead = $ 4.20

Fixed selling expense = $ 1.05

Fixed administrative expense = $ 0.60

Sales commissions = $ 1.00

Variable administrative expense = $ 0.50

Selling price = $23.50 per unit

Total Variable cost:

= Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense

= $4.95 + $3.25 + $1.45 + $1.00 + $0.50

= $11.15

Contribution margin per unit:

= Selling price per unit - Variable cost per unit

= $23.50 - $11.15

= $12.35

4 0
3 years ago
Camino’s cost of goods sold and operating expenses are 80 percent variable and 20 percent fixed. Camino has received an offer fr
aniked [119]

Answer: -$140000

Explanation:

Total operating expenses, = fixed costs + variable cost

Fixed cost is 20% = $60000

Variable cost is 80%

Therefore Total Operating expenses is $300000

When we subtract the total operating expenses (300000) from the total revenue (160000) , we get -140000.

Camino's is having a net operating loss of $140000. To make profit, they need to sell above 37500 cups

7 0
3 years ago
The government offers a subsidy of $5 per unit that increases the profit-maximizing quantity to 200 units. What will the total c
mars1129 [50]

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

7 0
3 years ago
Pal Corp.'s 2004 dividend income included only part of the dividend received from its Ima Corp. investment. The balance of the d
VashaNatasha [74]

Answer:

Fair Value method, and only a portion of Ima's 2004 dividends represent earnings after Pal's acquisition.

Explanation:

The part of the dividend that reduce the carrying value of the investment can be said to be a liquidating dividend. Liquidating dividend is said to have occurred when the payment made by the investee is higher than the income that was earned in the course of the period in which the shares of the investee was owned by the investor.

On the other hand, the cost method treats liquidating dividends as spend or reduction in the investment account and treats normal dividend as income. Hence it is impossible for the firm to use equity method.

This is because dividend are seen as a reduction in investment account under the equity method. This means that dividends received cannot be taken as income in this method, hence C and D are wrong.

7 0
3 years ago
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