Answer:
An area with younger people will have a higher demand for rentals and a lower demand for buying.
Answer:
(a) 3.2
(b) 10 minutes
(c) 0.8
Explanation:
Mean number of customer in service:
= Arrival rate ÷ service rate
= 24 in 60 min ÷ 30 in 60 min
= 24 ÷ 30
= 0.8
a) Average number of people in line:
= (Mean number of customer in service × arrival rate) ÷ (Service rate - arrival rate)
= 0.8 × (24 ÷ 6
)
= 3.2
b) Average time spend at the ticket office is = 10 minutes
c) Proportion of time server is busy:
= Arrival rate ÷ service rate
= (24 in 60 min ÷ 30 in 60 min)
= 24 ÷ 30
= 0.8
Answer:A merger
Explanation:
This is coming of two companies to form a new firm with both companies losing their indentity .
Answer:
Centralized production processing facility considers top management as the apex of decision making.
In decentralized production processing the decision making is delegated to teams and multiple individuals.
Explanation:
Centralized facility:
Pros:
a. In centralized facility top management commitment helps in improved decision making
b. Allocation of budgets to improve production processes.
c. The process becomes a part of strategic planning.
d. Standardization of processes like Mcdonalds kitchen.
e. Lower costs
f. Better forecasting
Cons:
a. Lack of flexibility
b. In case of international chains customers may be dissatisfied with standardized procedures
c. No room for customization
Decentralized Facility:
Pros:
a. Flexibility
b. Customer oriented approach
c. lack of bureaucratic procedure
d. quick decision making
Cons:
a. No standardization
b. Every Team has its own benchmarking process to evaluate performance.
c. Costly
d. Planning, budgeting and forecasting is effected adversely.
Answer:
$14,343.25
Explanation:
First city bank pays 8% simple interest in a savings account
Second city bank pays 8% interest compounded annually
$68,000 is deposited deposited in each of the bank
The first step is to calculate the simple interesr per year of first city bank
= principal × rate
= 68,000 × 8/100
= 68,000 × 0.08
= 5,440
The interest earned for the period of 8 years can be calculated as follows.
= 5,440 × 8
= 43,520
The balance at the end of 8 years can be calculated as follows
= 68,000 + 43,520
= 111,520
The next step is to calculate the future value of second city bank
= principal × (1+R)^n
= 68,000 × (1+8%)^8
= 68,000 × (1+0.08)^8
= 68,000 × 1.08^8
= 68,000 × 1.85093021
= 125,863.25
Therefore the amount of money earned from second city bank at the end of 8 years can be calculated as follows
= 125,863.25-111,520
= 14343.25
Hence the money that was earned from second city bank at the end of 8 years is $14,343.25
