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Alika [10]
2 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]2 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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Singh Co. reports a contribution margin of $960,000 and fixed costs of $720,000. (1) Compute the company’s degree of operating l
Alex

Answer: 1. Degree of Operating Leverage = 4

2. $384,000

Explanation:

1. Degree of Operating Leverage is calculated by dividing the Contribution margin by the Net Operating income.

Now, the Contribution margin is the difference between Price and Variable Cost. This means that if you remove fixed costs from it as well you get your profit.

Therefore 1. can be calculated thus,

Degree of Operating Leverage = Contribution Margin / Net Operating income

Degree of Operating Leverage = 960,000 / 960,000 - 720,000

Degree of Operating Leverage = 4

2. When Sales increases by a certain percentage we multiply that percentage by the Degree of Operating Leverage to find out how much Income will increase by.

Because sales went up by 15%, Singh Co. can expect that income would rise by,

= 15% * 4

= 60%.

Now income is Contribution margin - fixed costs so we have,

Income = 960,000 - 720,000

Income = $240,000

An increase of 60% would be

= 240,000( 1+ 60%)

=$384,000

$384,000 is the amount of income that Singh Co. can expect.

4 0
3 years ago
After several years of study as a part-time student, Alex recently earned a degree in marketing at a local college. The growth i
e-lub [12.9K]

Answer:

A) TRUE

Explanation:

Updating marketing skills is not unrelated to modern demands in a global environment influenced by technological disruption. The need to keep abreast of changes in digital marketing for instance is essential if you have to stay relevant in the world of marketing.

8 0
3 years ago
HR can foster a triple bottom approach through incentive plans that focus on achieving comprehensive results rather than solely
navik [9.2K]

Answer:

a. True

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Thus, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

A triple bottom line (TBL) is a business management framework or model that comprises three (3) main components, which are; financial, environmental and social.

Human resources (HR) can enhance a triple bottom approach within an organization by establishing incentive plans that is typically focused on achieving comprehensive results rather than solely on profit incentives. Thus, it would foster the growth and development of an organization with respect to finance, environmental and social factors.

6 0
2 years ago
A company discovered in 2013 that it had overstated the inventory balance for Dec 31, 2011 by $10,000. The company had (incorrec
kompoz [17]

Answer:

Corrected Net Income for 2011 = $290,000

Corrected Net Income for 2012 = $410,000

Explanation:

Data provided in the question:

The overstated the inventory balance for Dec 31, 2011 = $10,000

The reported Net Income for 2011 =  $300,000

The reported Net Income for 2012 =  $400,000

Now,

Since the inventory is overstated in the year 2011, it will be subtracted from the reported incorrect Net Income for 2011

Thus,

Corrected Net Income for 2011 = $300,000 - $10,000

= $290,000

And, for the year 2012 the overstated inventory will be added to the reported Net Income for 2012

thus,

Corrected Net Income for 2012 = $400,000 + $10,000

= $410,000

7 0
3 years ago
Which of the following is (are) correct concerning the parties of a trust deed?1. The trustee has naked title2. The lender is na
svlad2 [7]

Answer:

  1. The trustee has naked title
  2. The lender is named the beneficiary
  3. The trustor has legal title

Explanation:

A Trust deed is a legal agreement that allows for a debtor to transfer ownership of a physical real estate property to a Trustee so that that trustee may hold the property as security for a loan transaction involving the lender and the debtor.

The trustee in this agreement holds a naked title which is a legal title to a property that is given to a trustee as it has no ownership benefits. The beneficiary is also named to be the lender and the Trustor retains the legal title.

5 0
3 years ago
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