What is the main activity of a producer cooperative?

A catalog company that receives the majority of its orders by telephone conducted a study to determine how long customers were w

Oksi-84 [34.3K]

The waiting time at which 10 percent of the people would continue to hold is given as 2.3

<h3>How to solve for the waiting time</h3>

We have to solve for X ~ Exponential(λ).

then E(X) = 1/λ = 3,

= 0.3333

Remember that the cumulative distribution function of X is F(x) = 1 - e^(-λx). ; x is equal to the time in over case

For 10 percent of the people we would have a probability of

10/100 = 0.1

we are to find

P(X ≤ t)

= 1 - e^(0.3333)(t) = 0.1

Our concern is the value of t

Then we take the like terms

1-0.1 = e^(0.3333)(t)

1/0.9 = e^(0.3333)(t)

t = 3 * ln(1/0.9)

= 0.3157

5 0

1 year ago

The Purchasing Policy Guidelines of the Southern Supply Inc. indicate that the company is committed to procuring its goods, prod

Harrizon [31]

Answer:

The-buying manager's-conduct should-be-relied upon to-expand Southern's-hazard by-expanding its-presentation to-potential-supply-deficiencies or-confounded conveyances

Trust in business is an incredibly dubious notion. It depends on the shared fulfillment of included gatherings, and the apparent life span of their relationship. There might be a clouded side to it - regarding "defilement/pay off", "preference", "nepotism" and so forth which may prompt "an underestimated, one-sided demeanor" and in the end bargain "quality" - antagonistically influencing the business' prosperity.

Presently, given this thought, you may acknowledge why Southern Supply Inc. had a buying approach of acquiring its items/administrations from an expanded pool of specialist co-ops. It is actually as the mainstream saying goes - "One-ought not-put-every one of their-eggs-into-one-bin"

6 0

2 years ago

Morrow City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. Wi

JulsSmile [24]

Answer:

Operating profit is projected to be $35,100

Explanation:

Morrow City International

Analysis of the Current and Projected demand to determine the Operating Profit

Particulars Current Projected Changes in

Demand Demand Demand

Selling price $8.50 $9.25 0.75

Less: Cost Price $5.80 $5.80 0

Contribution $2.7 $3.45 0.75

Margin

Unit Sold <u>79,000 72,000 -7000</u>

Total $213,300 $248,400 $35,100

Contribution

Note: Total contribution = Unit sold * Contribution margin

3 0

3 years ago

Which type of promotion do many people consider more credible because it is less biased

tekilochka [14]

Publicity is more credible because it is less biased :)

4 0

3 years ago

Read 2 more answers

Prepare Journal Entries in a Revenue Journal Horizon Consulting Company had the following transactions during the month of Octob

Alexeev081 [22]

Answer and Explanation:

The recording and the computations are as follows

a. The recording of the October revenue transactions are shown below:

DATE INVOICE NO. ACCOUNT DEBITED POST.REF.

ACCOUNT REC. DR. FEES EARNED CR.

Oct 2 321 Pryor Co.

380

Oct 3 322 Armor Co.

540

Oct 14 323 Pryor co.

190

Oct 24 324 Rose co.

790

Oct 31 1900

b) Now the total amount for account receivable and fees earned is

Account receivable = 1900

Fees earned = 1900

c) The October 31 balance is

October 31 balance

= $380 + $190 - $380

= $190

5 0

2 years ago

Read 2 more answers