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alex41 [277]
3 years ago
10

You are looking for ways to pay for your higher education costs. Which of the following options will require you to pay back any

money you receive?
Business
1 answer:
Fed [463]3 years ago
5 0
<span>The complete question includes these choices: A) Grants B) 529 Plans C) Federal student loans D) Scholarships The correct answer is C) Federal Student Loans. Grants and Scholarship do not require payback at all, as they are given to the chosen ones for shown/deserving merit; 529 plans are a program involving tax deduction (with flexible time schedule, as well as not being technically called college loans).</span>
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Calls arrive at Lynn Ann Fish’s hotel switchboard at a rate of 2 per minute. The average time to handle each is 20 seconds. Ther
nataly862011 [7]

Answer:

Part A. Compute the probability that operator of the hotel is busy.

The call arrives at Lynn Ann Hotel at the rate of 2/min.

Therefore, 2 min = 120 customers per hour

Thus, the call is serviced by the operator at a rate of 20 seconds per customer.

Therefore,

P = 180 customers per hour

Probability that the operator will be busy:

P = λ / µ

P= 120 / 180

P = 0.67  

Therefore, the probability that the hotel operator is busy is 0.67 hours

Part B. Determine the average time customer must wait:

W_{q} =  λ / µ (µ - λ)

W_{q} =  120 / 180(180 - 120)

W_{q} =  120 / 180(60)

W_{q} =  120 / 10,800

W_{q} =  0.011

Thus, the average wait time for the customer is 0.011 hours

Part C. Determine the average number of call waiting:

L_{q} = λ^2 / µ (µ - λ)

L_{q} = 120^2 / 180 (180 - 120)

L_{q} = 14,400 / 180 (60)

L_{q} = 14,400 / 10,800

L_{q} = 1.33

Thus, the average waiting call to be answered is 1.33 hours

6 0
3 years ago
projects variable labor costs of $21,500 in March when 8,600 units are produced. If production is expected to drop to 8,000 unit
dlinn [17]

Answer:

Total direct labor cost=$20,000

Explanation:

<u>First, we need to calculate the direct labor cost per unit:</u>

<u></u>

Direct labor cost per unit= total cost / number of units

Direct labor cost per unit= 21,500 / 8,600

Direct labor cost per unit= $2.5

<u>Now, the total cost for 8,000 units:</u>

Total direct labor cost= 2.5*8,000

Total direct labor cost=$20,000

4 0
3 years ago
Which of the following is not a step in the grievance process? Group of answer choices
Leona [35]

Answer:

The answer is D, the grievance is brought before a court which decides the case.

Explanation:

A grievance procedure is a process adopted  within an organisation for the purpose of resolving conflicts. Most of the time, it is meant to resolve conflict between individuals of lower cadre or hierarchy in an organisation and people in the top management position.

There are about six different procedure in the grievance process and taking a grievance to the court to decide on a case is not one of them. However, it is worthy to note that when all necessary grievance procedure have been utilized and there seem not to be a resolution in sight, a third part arbitrator in invited into the scene which mostly is between high management personnel.

7 0
3 years ago
Mike deposited $100,000 in a bank and procured a certificate of deposit on it, payable to himself, for repayment in five years w
horsena [70]

Answer:

The correct answer is letter "D": an installment note.

Explanation:

An installment note is a promissory commitment for payment of the principal and interest of a debt. The payments are distributed in equal periods of time -usually monthly, and represent the amortization of the total amount owed. According to the agreement, a minimum amount can be established to be paid to avoid more debt.

7 0
3 years ago
Brendon Walsh wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.
mr_godi [17]

Answer:

38,000

explanation:

take 30,00+1,800(interest paid)=$38,000 (yearly payment)

4 0
3 years ago
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