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3 years ago

How much time, on average, would a server need to spend on a customer to achieve a service rate of 20 customers per hour?

Business

1 answer:

Alex787 [66]3 years ago

5 0

Answer:

3 hour 18 minutes or 3 hour

Explanation:

According to the given situation, the computation of time on average is shown below:-

The Average waiting time in the system

= $\frac{1}{\mu} -\gamma$

Now we will put the values into the above formula to reach the time on average which is here below:-

$= \frac{1}{20} - 1$

$= \frac{1}{19}$

= 0.053 × 60 minutes

= 3 hours 18 minutes

We assume $\gamma$ is 1 hour

Therefore for computing the time on average we simply applied the above formula.

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merchandise is sold for cash. the selling price of the merchandise is $2,600, and the sale is subject to a 6% state sales tax. t

love history [14]

The journal entry for the sale would include a credit to sales tax payable for $156 if the selling price of the merchandise is $2600.

The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the retailer, and paid to the government. Companies must first apply for a sales tax permit from their state's department of taxation in order to be able to collect sales tax from customers. Every time a customer makes a purchase, businesses collect sales tax, which they subsequently monthly or quarterly send to the state.

As the selling price of the merchandise is $2,600 and the state sales tax is 6%, this means that 6% of $2,600 has to be paid to the state governing body.

Sales tax = 6% of 2600

Sales tax = 6/100 × 2600

Sales tax = 0.06 × 2600

Sales tax = $156

Therefore; the entry to journalize the sale would include a credit to sales tax payable for $156 if the selling price of the merchandise is $2600.

To know more about sales tax refer:

brainly.com/question/1811849

#SPJ4

8 0

1 year ago

Bank Reconciliation

Karo-lina-s [1.5K]

Answer:

Cash balance according to the bank $23,557.98

+ deposits in transit $12,125.25

- outstanding check N⁰ 124 ($62)

- outstanding check N⁰ 125 ($42)

- outstanding check N⁰ 129 ($1,250)

adjusted bank balance = $34,329.23

Cash account balance $51,596.88

+ note collected by bank $15,250.75

- NSF check ($23,475.40)

- Bank fees ($250)

- Error in recording check N⁰ 125 ($9,000)

adjusted cash account balance = $34,122.23

two errors were detected:

outstanding check N⁰ 125 correct amount is ($24)
bank fees are $25

so the readjusted balances are:

adjusted bank balance = $34,329.23 + ($42 - $24) = $34,347.23

adjusted cash account balance = $34,122.23 + ($250 - $25) = $34,347.23

now both accounts are equal.

5 0

4 years ago

In one or two sentences, describe which is greater: gross pay or net pay.

ArbitrLikvidat [17]

Answer:

Gross pay

Explanation:

Gross pay is before all taxes and deductions. Therefore that value is greater than net pay which is after all taxes and deductions

4 0

3 years ago

After selecting a target market and a retail mix, the final element in a retail strategy is the identification of prospective wh

rusak2 [61]

Answer:

False

Explanation:

There are business that do not need wholesale distributors, as online commerce expands, the supply chains are shrinking, e.g. Xiaomi is a Chinese smartphone manufacturer that only sells its phones online, and it is the fourth largest cellphone manufacturer in the world.

There are 5 elements in developing a retail strategy:

scope
goals and objectives
resource deployment
sustainable competitive advantage
synergy

3 0

3 years ago

If a manager rates an employee higher than he or she deserves in order to look good as a manager in the eyes of his or her own s

Reika [66]

Answer:

Explanation:

Based on the information provided within the question it can be said that this scenario best illustrates the concept known as organizational politics. This refers to self-serving behaviors that individuals within a company use in order to increase the likely-hood of obtaining positive results in an organization. Which is what would happen if a manager rates an employee higher, they would end up looking like a good manager that is doing their job correctly because the employees are performing efficiently.

4 0

3 years ago