1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OLga [1]
3 years ago
14

A regional tax office has an average of 80 taxpayers per hour arriving at the centre. Everybody must register with the reception

ist. On average 15 people are waiting to see the receptionist and 48 people are through reception and are waiting to see a taxation representative. The receptionist takes an average of 5 minutes per person. When a person has met with the representative, an average of 80% will be classified as having a minor problem, in which case it will be resolved in an average time of 10 minutes. The remaining cases will be classified as having a major problem and they will spend an average of 40 minutes with the representative. On average, how long, in minutes, does a person spend in the tax centre
Business
1 answer:
labwork [276]3 years ago
4 0

Answer:

On average, a person spends 68.25 mins in the tax centre.

Explanation:

T = 0.20 x 92.25 + 0.80 x 62.25 = 68.25  

You might be interested in
As the price of tickets rises from $250 to $300, the price elasticity of demand for business travelers is , and the price elasti
soldi70 [24.7K]

Answer:

Price             Quantity demanded                   Quantity demanded

                     business travelers                      vacationers

$150                 2,100                                            1,000

$200                2,000                                             800

$250                1,900                                              600

$300                1,800                                              400

using the midpoint method:

  • price elasticity of demand for business travelers = {(1,900 - 1,800) / [(1,900 + 1,800) / 2]} / {(250 - 300) / [(250 + 300) / 2]} = (100 / 1,850) / (-50 / 275) = 0.054 / -0.182 = -0.3

  • price elasticity of demand for vacationers = {(600 - 400) / [(600 + 400) / 2]} / {(250 - 300) / [(250 + 300) / 2]} = (200 / 500) / (-50 / 275) = 0.6 / -0.182 = -3.3

Therefore, the demand for airline tickets in this price range is elastic for vacationers because business travelers are sensitive to changes in price? <u>FALSE, the demand for airline tickets for vacationers is elastic because vacationers are very sensitive to the changes in price, while business travelers aren't.</u>

8 0
3 years ago
The Scooter Store notified its employees at 5pm on Friday that it is laying off two-thirds of its workforce as of today and told
S_A_V [24]

Answer:

A. The Worker Adjustment and Retraining Notification Act

Explanation:

As the Scooter Store notified its employees at 5pm on Friday that it is laying off two-thirds of its workforce as of today and told them not to come in on Monday. It failed to provided advance notice to anyone and in doing so likely violated the Worker Adjustment and Retraining Notification Act 1988 where workers are required to be provide with the 60 day notification in advance if the organization does not want their services any more. But here in this case the Scooter Store has totally violation this act by not providing them with the advance notice.

5 0
4 years ago
In ________, current prices already reflect the price history and volume of the stock as well as all available public informatio
bearhunter [10]

Answer:

<u>Semi- strong form efficient markets</u>

Explanation:

The efficient market hypothesis states that securities are fairly priced and eliminates the possibility of investors earning abnormal gains via arbitrage.

Under the theory, 3 forms of markets are specified which are, strong form, semi-strong form and weak form of efficient markets.

Under the semi strong form of efficient markets, the price of a stock is based upon the available past information and trends as well as current public information available.

Under this form of markets, security prices quickly adjust to latest available public information thereby eliminating the importance of conducting fundamental and technical analysis to unravel price movement trends.

5 0
3 years ago
The following information ($ in millions) comes from a recent annual report of Amazon, Inc.:
tino4ka555 [31]

Answer:

(a) Amazon's balance in cash at the beginning of the year is $1,085 million

(b) Amazon's total liabilities at the end of the year is $3,914 million

(c) Cost of goods sold for the year is $8,264 million

(d)  Income before income tax for Amazon is $366 million

Explanation:

(a) Beginning cash balance = Ending cash balance - net increase in cash for the year

= $1,104 million - $19 million

= $1,085 million

(b) Total assets = Total liabilities + Total stockholders' equity

$4,417 million = Total liabilities + $503 million

Total liabilities = ($4,417 - $503) million

= $3,914 million

(c) Cost of goods sold = net sales - gross profit

= $10,722 million - $2,458  million

= $8,264 million

(d)  Income before income tax = Gross profit - operating expenses - other expenses

= $2,458 million - $2,062 million - $30 million

= $ 366 million

4 0
3 years ago
What is the value today of an annuity of $6,800 per year, with the first cash flow received three years from today and the last
erma4kov [3.2K]

Answer:

PV   $61,399.0165

Explanation:

First, we solve for the present value of the annuity:

                 3rd year  > Annuity Start                    25th year end

<-----/----/----/----/----/----/----/----/----/......----/----/----/----/----/---->

     ^ Present day

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 6,800.00

time 22 years (25 - 3)

rate 0.07

6800 \times \frac{1-(1+0.07)^{-22} }{0.07} = PV\\

PV $75,216.4354

Now, as this is 3 years from now so we make an additional discount from this lump sum:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $75,216.4354

time  3.00

rate  0.07000

\frac{75216.4353825748}{(1 + 0.07)^{3} } = PV  

PV   61,399.0165

that would be the value of the annuity today.

5 0
3 years ago
Other questions:
  • Maria, a supervisor at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours
    6·1 answer
  • Tadashi's uncle passed away and left him a Realty Experts franchise. Tadashi is not a licensed agent or broker, nor does he know
    6·1 answer
  • The cost of retained earnings is less than the cost of new outside equity capital. Consequently, it is totally irrational for a
    5·2 answers
  • Which of the following describes one advantage of living in an urban area?
    9·2 answers
  • Newark Company has provided the following information:
    15·1 answer
  • Why is the free enterprise system subject to business cycles?
    10·2 answers
  • Professionalism is a skill necessary for......
    6·2 answers
  • Suppose that the price of a rental car (Prc) is $50 while the price of a flight (Pfl) is $85. Also, suppose that the marginal ut
    11·1 answer
  • A. You can distinguish the various types of bonds by their terms of contract, pledge of collateral, and so on. Identify the type
    6·1 answer
  • If you were tasked with going into an elementary school and teaching the
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!