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Elina [12.6K]
3 years ago
13

Western National Bank is considering opening a drive-through window for customer service. Management estimates that customers wi

ll arrive at the rate of 15 per hour. The teller who will staff the window can service customers at the rate of one every three minutes.
Part 1 Assuming Poisson arrivals and exponential service, find:

Utilization of the teller
Average number in line
Average number in system
Average waiting time in line
Average waiting time in system, including service
Also calculate the probability of not more than three cars making it through the queue and a 95% service level expectation. Determine the actual service level and what can be done to improve it.

Business
1 answer:
Nimfa-mama [501]3 years ago
6 0

Answer:

Explanation:

find the answer below

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ABC Inc. was incorporated two years ago by issuing 5,000 shares of common stock at $400 each and borrowing $240,000 from a bank
trapecia [35]

Answer:

Total Asset = $2,598,200

Explanation:

Accounting equation : Asset = Equity + liabilities

Equity =common stock + retained earnings

          = ( 5000*$400) + (40000 - 1800)

          = $2,000,000 + 38200

          = $2,038,200

Liabilities = $240,000 + 320000

               = $560,000

Total Equity and Liabilities = 2038200 + 560000

                                            = $2,598,200

double entry principle helps to ensure that the accounting equation is done e.g when common stock is issued contra entry is bank if cash is received.

6 0
4 years ago
Read 2 more answers
Which model can be used to analyze the direct and indirect costs to help firms determine the actual cost of specific technology
balu736 [363]

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

Ownership costs are the actual cost of a resource added with operating costs. Estimating the ownership costs provide wide view our resources and their value over the time.

in this situation ,Ownership costs reflect a systematic analysis of technology or other expenses across business borders in duration.

6 0
4 years ago
3. A company manufactures two types of products: A and B. Three resources R1, R2, and R3 are required to make these products. a.
mojhsa [17]

Answer:

(i)The units of production of Product A and B (x and y) are the decision variables

(ii)Objective is to maximize profit

(iii)Objective function, Max P=20x+50y

(iv)The Contraints are:

8x+2y\leq500....(i)

2x+5y\leq400.......(ii)

3y\leq180

x>0, y>0

Explanation:

Let the number of Product A=x

Let the number of Product B=y

Each unit of product A requires 8 units of R1 and 4 units of R2.

Each unit of product B requires 2 units of R1, 5 units of R2, and 3 units of R3

The availabilities of resources R1, R2, and R3 are 500, 400, and 180

Since R1 \leq500,

Product A requires 8 units of R1 per production unit

Product B requires 2 units of R1 per production unit

Total Unit of R1 possible is given by the inequality: 8x+2y\leq500....(i)

Since R2 \leq400,

Product A requires 2 units of R2 per production unit

Product B requires 5 units of R2 per production unit

Total Unit of R2 possible is given by the inequality: 2x+5y\leq400....(ii)

Since R3 \leq180,

Product B requires 3 units of R2 per production unit

Total Unit of R2 possible is given by the inequality: 3y\leq180....(iii)

Since the manufacturer also makes a profit of $20 and $50 for products A and B, our objective is to maximize profit

Therefore: Objective function, Max P=20x+50y ......(iv)

5 0
3 years ago
The new CRM system implemented by the BugZapper company is giving insight into the customer sales process as well as what time o
Natalija [7]

Answer:

when to switch marketing campaigns to international markets.

Explanation:

Customer relationship management systems (CRM) is a tool that is used to manage customer relationship, and also is used to gain insight into customer behaviour is the sales process. For example the new CRM system implemented by the BugZapper company is giving insight into the customer sales process as well as what time of year their product goes dormant in sales in the U.S. but picks up in South American countries.

The insight gained can be used to determine when campaigns can be switched to the international market.

4 0
4 years ago
A country's balance of trade refers to the value of its
Rashid [163]

Answer:

Balance of trade (BOT) is the difference between the value of a country's exports and the value of a country's imports for a given period.

Explanation:

6 0
2 years ago
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