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Vlad1618 [11]
4 years ago
12

A manager of a taco stand is interested in advertising to get more lunch time customers, but doesn’t know how much time it takes

to process a single customer. The amount of time it takes to process a single customer will help the manager determine the maximum amount of customers they can process in the lunch hour. On average during lunch hour there are 12 people in line to approach the window. 4 people per minute leave the taco stand after receiving their food.
Fill in the blanks below.
I =________
R =_______
On average how long do customers wait in line? Calculate you answer in minutes. (Enter the value only. Do not enter text.)
Business
1 answer:
Ganezh [65]4 years ago
8 0

Answer:

R = 4 customers per minute

I = 12 customers in line

average time (T) = 3 minutes per customer

Explanation:

if we follow Little's Law and its assumptions: L = λW

  • L = average number of clients in line = 12
  • λ = arrival or departure rate = 4 per minute
  • W = average waiting time

W = L / λ

average waiting time = average number of clients in line / average number of clients arriving (or departing) = 12 / 4 = 3 minutes

Little's Law can also be written as I = RT

I = L

R = λ

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3 years ago
produces a single product. for the most recent year, the company's net operating income computed by the absorption costing metho
STALIN [3.7K]

Answer:

Hi, your question is incomplete, i tried to look for it online but i could not find it.

However, here below are some explanations on how to solve the problem question.

We can find the beginning inventory by reconciling the operating income computed by the absorption costing to the operating income computed by the variable costing.

<u>The format of the Reconciliation is :</u>

Absorption costing  operating income

<em>Add</em> Fixed Manufacturing Costs in Opening Stock

<em>Less</em> Fixed Manufacturing Costs in Closing Stock

= Variable costing operating income

So the difference between operating income computed by the absorption costing and the operating income computed by the variable costing shows the change in inventory during the period.

Change in unit terms will be : Total Inventory Cost ÷ Unit Fixed Manufacturing Costs.

<u>Now, possible scenarios with your question </u>

<u>IF ENDING INVENTORY IS AVAILABLE</u>

We can add or subtract this change in units to the closing Inventory units to arrive to the beginning inventory units.

<u>IF ENDING INVENTORY IS </u><u>NOT</u><u> AVAILABLE</u>

The change in inventory units will be our only inventory during the period and this will also be the beginning inventory units.

5 0
3 years ago
Why do brands with a large market share spend proportionally less on advertising compared to brands with a small market share? D
Tju [1.3M]

Answer:

because their already known

Explanation:

7 0
3 years ago
This morning you purchased a stock that just paid an annual dividend of $3.10 per share. You require a return of 9.2 percent and
sergiy2304 [10]

Answer:

$2.48

Explanation:

This morining a stock was purchased.

The stock just paid an annual dividend of $3.10 per share

A return of 9.2% is required

= 9.2/100

= 0.092

The growth rate is 4%

= 4/100

= 0.04

The first step is to calculate today's price

= D1/(r-g)

=3.10× 1+0.04/0.092-0.04

= 3.10×1.04/0.092-0.04

= 3.224/0.052

= $62

The price at the end of year 3 can be calculated as follows

= today's price × (1+g)

= 62×(1+0.04)

= 62×1.04

= $64.48

Therefore, the capital gain can be calculated as follows

Price at the end of year 3-today's price

= $64.48-$62

= $2.48

Hence the capital gain is $2.48

6 0
3 years ago
In order to be the basis for a firm's superior performance, a bundle of resources must be valuable, rare, and imitable.
frozen [14]

Answer:

The statement is: False.

Explanation:

A bundle of resources has three characteristics: valuable (<em>the resource helps the company to pursue its objectives and is priceless for consumers</em>), rare (<em>limited competition</em>), and inimitable (<em>resource is not easy to reproduce by the firm's closest competitors or imitating it is expensive</em>).

Being<em> imitable </em>is the opposite of what a bundle of resources should be.

7 0
4 years ago
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