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kobusy [5.1K]
3 years ago
6

At Fairprice supermarket branches, they provide free fish cleaning services if fish were bought at their premises. Currently, on

e employee is employed for this task at each of its branch. Based on their observation, on average, every 8 minutes there is a request for such service. A recent customer service quality survey has indicated that customers’ desired time for this service (including fish’ waiting and cleaning) should be no more than 5 minutes on average. The management wants to know what should be the maximum mean cleaning time the employee should strive for in order to meet customers’ expectation.
Could you please help them? (Assume all CV=1) Choose the closest answer.

a) 2.5 minutes
b) 3.5 minutes
c) 4.5 minutes
d) 5.5 minutes
e) 6.5 minutes
Business
1 answer:
Nina [5.8K]3 years ago
5 0

Answer:

4.5minutes

Explanation:

The best mean minutes for fish waiting and cleaning is 4.5 minutes.

As said in the question that, clients request for this service every 8minutes, and it is a worker that is in charge of this service per branch, this means that if the worker is using 4.5 minutes to attend to a client, he or she will still have another 3.5 minutes to prepare for another customer. And this will definitely make the job easier for him or her, which means the worker will not be bombarded with request. And this will make him or her to render the best service to the customers.

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Elite Trailer Parks has an operating profit of $307,000. Interest expense for the year was $32,000; preferred dividends paid wer
ollegr [7]

Answer:

a. $8.33

$1.95

b.$136,500

Explanation:

The computation of earnings per share and the common dividends per share is shown below:-

a. Earning per share = Earnings Available to Common Stockholders ÷ Number of Shares of Common Stock Outstanding

= $178,300 ÷ 21,400

= $8.33

Dividends per Share = $41,800 ÷ 21,400

= $1.95

b. Increase in retained earnings = Operating Profit (EBIT) - Interest expense - Taxes - Preferred dividends - Common dividends

= $307,000 - $32,000 - $65,100 + $31,600 + $41,800

= $136,500

We simply applied the above formulas

7 0
3 years ago
Here are three things you could do if you do not attend your neighbor's barbecue: watch television with some friends (you value
Colt1911 [192]

Answer: Option (c) is correct.

Explanation:

Given that,

Alternatives for a person if he do not attend his neighbor's barbecue:

(1) Watch television with some friends = he value this at $17

(2) Read a good novel = he value this at $14

(3) Go in to work = he could earn $16 during the barbecue

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

Therefore, the opportunity cost of going to his neighbor's barbecue is the enjoyment he get from watching television with some friends because this is the highest valued alternative forfeited.

7 0
3 years ago
Vince offers to buy a book owned by Sun-Hi for twice what Sun-Hi paid for it. She accepts and hands the book to Vince. Sun-Hi's
Llana [10]

Answer:

Vince and Sun-Hi's Book

With Sun-Hi's delivery of the book, the offer by Vince is accepted by Sun-Hi.

Acceptance of an offer is necessary to make a contract.

Explanation:

An offer by Vince is not a contract, but its acceptance by Sun-Hi without a counter-offer makes it a valid contract that can be enforced in law if other ingredients for a valid contract are present.  Acceptance establishes the agreement between Vince and Sun-Hi.  Once Sun-Hi accepts Vince's offer with valid considerations (the book and double the price), the agreement for a business transaction between them is consummated.  It is acceptance that completes the exchange of promises in this simple contract.

7 0
3 years ago
The City of Mayville had total fund balance in its General Fund of $200,000 on December 31, 2019. The City of Maysville's Genera
Svetradugi [14.3K]

Answer:

$38,000

Explanation:

Based on the information given we were told that the City General Fund balance sheet for the month of December 31, 2019 shows that inventory had the amount of $28,000 while prepaid rent has the amount of $10,000 which means that the amount of money that city will report as NOSPENDABLE fund balance in their general fund on December 31,2019 will be $38,000 calculated as ($28,000+$10,000).

4 0
3 years ago
Jand, Inc., currently pays a dividend of $1.38, which is expected to grow indefinitely at 5%. If the current value of Jand’s sha
V125BC [204]

Answer:

9.09%

Explanation:

Use Gordon growth model of stock valuation to find the required rate of return;

Price = D1/ (r-g)

this can also be written as \frac{D0(1+r)}{(r-g)}

whereby,

Price = $35.41

D0 = Current dividend = 1.38

D1 = Next year's dividend = 1.38(1.05) = 1.449

g = growth rate = 5% or 0.05 as a decimal

r = required return = ?

Rewrite the formula <em>"Price = D1/ (r-g) " </em>to find <em>r;</em>

r = \frac{D1}{Price} +g

r = \frac{1.449}{35.41} + 0.05\\ \\ =0.04092 +0.05\\ \\ =0.09092

as a percentage, the required return = 9.09%

7 0
3 years ago
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