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Alika [10]
3 years ago
7

A cafeteria serving line has a coffee urn from which customers serve themselves. Arrivals at the urn follow a Poisson distributi

on at the rate of 3.0 per minute. In serving themselves, customers take about 14 seconds, exponentially distributed. a. How many customers would you expect to see, on average, at the coffee urn? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Business
1 answer:
Eduardwww [97]3 years ago
7 0

Answer: 3 customers.

Explanation:

Given the following :

Arrival rate of customers = 3 customers per minute

Service time = 14 seconds

Then if service time is 14 seconds, the service rate per minute will be 60/14 = 4.29 = 4 (nearest whole number)

Service rate = 4 customers per minute.

Number of customers at coffee urn(Nc) :

Nc = (arrival rate) /(service rate - arrival rate)

Nc = (3) / (4 - 3)

Nc = 3 / 1

Nc = 3

Therefore, average number of customers expected at coffee urn = 3

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Consider the following two separate events for a company during the year: 1. Loss on sale of investments = $30. 2. Unrealized ga
Serggg [28]

Answer:

A.) Net income = $(30); Comprehensive income = $(10).

Explanation:

First, the multiple choices to the question

A.) Net income = $(30); Comprehensive income = $(10).

B.) Net income = $(30); Comprehensive income = $20.

C.) Net income = $0; Comprehensive income = $(10).

D.) Net income = $(10); Comprehensive income = $20.

The question is to determine the effect of the two events listed on the Net Income as well as the comprehensive income

First, we look at event one:

The loss of sales of investment = #30

The effect of this is to debit the income statement because it is a net loss of $30. It brings a reduction to the income side. Income will usually have a credit balance, but a net loss reduces income therefore, it will be debited.

Second, the Unrealized gain on investment from increase in fair value = $20

The effect is $10 which represents $30 from the loss - $20 from the unrealised gain. It will however, also decrease the comprehensive income by the $10.

7 0
3 years ago
Consider the following information for Maynor Company, which uses a periodic inventory system:
katrin [286]

Answer:

A. FIFO - 78 units and $7,770 and Cost of Goods Sold $12,738

B. LIFO - Inventory Valuation $7,312 and Cost of Goods Sold $13,196

C. Weighted Average - inventory Valuation $7,304 and Cost of Goods Sold $13,204

Explanation:

Detailed calculation as under:

<u>A. FIFO</u>

First 73 Units are sold from the inventory on May 1. Therefore, we first take the beginning inventory units and then we take the next in line purchases made during the period. In this case the first 34 units are completely taken and then out of the 44 units only 39 units are taken.

Next 68 units are sold from the inventory on October 28. Now we will take the remainder 5 units bought on March 28 (which are not yet sold). Then we take 63 units out of the 68 units purchased on August 22.

The company's ending inventory on FIFO Basis is remaining 5 units bought on 22 August and 73 units bought on 14 October. There total value is (5 x 94) + (73 x 100) = $7,770

Cost of Goods Sold = Total Goods Cost available for sale - Inventory ending valuation

$12,738 = $20,508 - $7,770

<u>B. LIFO</u>

First 73 Units are sold from the inventory on May 1. Therefore, we first take the units purchased on 28 March and then we take the beginning inventory. In this case the first 44 units are completely taken and then out of the 34 units only 29 units are taken.

Next 68 units are sold from the inventory on October 28. Now we will take the units bought on 14 October i.e. 68 units out of the 73 units bought.

The company's ending inventory on LIFO Basis is remaining 5 units in the beginning inventory, remaining 5 units bought on 14 October and 68 units bought on 22 August. There total value is (5 x 84) + (5 x 100) + (68 x 94) = &7,312

Cost of Goods Sold = Total Goods Cost available for sale - Inventory ending valuation

$13,196 = $20,508 - $7,312

<u>C. Weighted Average</u>

In order to calculate Weighted average cost method we divide the total cost of inventory (Beginning and Purchased) with the total units, this yields average cost per unit. Then we multiple the average cost per unit with the units remaining after sales. As shown below:

$20,508 / 219 = $93.64 per unit

$93.64 x 78 units = $7,304

8 0
3 years ago
Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage o
Nataly [62]

Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.

<h3>What is meant by international trade?</h3>

This is the term that is used to refer to the trade that is carried out between two different nations.

It is when the nations are able to engage in buying and selling the goods that they have in their home countries and taking the ones that they do not have from other countries.

Hence we can say that bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.

Read more on international trade here: brainly.com/question/15115779

#SPJ1

8 0
2 years ago
You plan to deposit $5,200 at the end of each of the next 15 years into an account paying 11.3 percent interest. a. How much wil
scZoUnD [109]

Answer:

Amount after 15 years = 183255.011

Explanation:

Below is the calculation to find the amount after 15 years:

Annuity amount or early deposited amount = $5200

Time period = 15 years

Interest rate = 11.3 %

Now we have to find the amount after 15 years:

Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]

Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]

Amount after 15 years = 183255.011

3 0
2 years ago
An investment has the following characteristics:ATIRRP: After-tax IRR on total investment in the property: 9.0%BTIRRE: Before-ta
Strike441 [17]

Answer:

Option (A) is correct.

Explanation:

Given that,

After-tax IRR on total investment in the property = 9.0%

Before-tax IRR on equity invested = 17%

Before-tax IRR on total investment in the property = 12%

t: Marginal tax rate = 0.40

Break Even Interest rate (neither favorable nor unfavorable):

= After tax IRR on total investment ÷ (1 - Tax rate )

= 9% ÷ (1 - 0.40)    

= 9% ÷ 0.60

= 15%

7 0
3 years ago
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