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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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Enviro Company issues 8%, 10-year bonds with a par value of $300,000 and semiannual interest payments. On the issue date, the an

elena55 [62]

Answer:

1. Issuer's cash is $262,500

2. Total amount of bond interest is $277,500

3. The amount of bond interest expense is $13,875.

Explanation:

1. Issuer's cash = Face Value × Selling Price

Issuer's cash = $300,000 × 87.50%

Issuer's cash = $262,500

2. Discount on bond = $300,000 × 12.5% = $37,500

Interest on bond = $300,000 × 8% = $24,000

Period of bonds= 10 years

Total amount of bond interest = Discount on Bond + (Interest on Bond × period)

Total amount of bond interest = $37,500 + ($24,000 × 10)

Total amount of bond interest = $277,500

3. Discount on bond = $300,000 × 12.5% = $37,500

Interest on bond = $300,000 × 8% = $24,000

Period = 0.5 years

The amount of bond interest expense = (Discount of Bond ÷ 20) + Interest

The amount of bond interest expense = ($37,500 ÷ 20) + ($24,000 × 0.5)

The amount of bond interest expense = $1,875 + $12,000

The amount of bond interest expense = $13,875.

7 0

3 years ago

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta

galben [10]

Answer:

See below

Explanation:

Given the following;

Standard hours per unit of output 6.4 hours

Standard variable overhead rate $12.80 per hour

Actual hours 2,650 hours

Actual output 150 units

To calculate the variable overhead efficiency variance, we will use the formula below;

Variable overhead efficiency variance

= (Standard quantity - Actual quantity) × Standard rate

Standard quantity = 150 units × 6.4 = 960

Variable overhead efficiency variance

= (960 - 2,650) × $12.80

= $21,632 unfavourable

4 0

3 years ago

The most common service provided by a real estate agent when selling your home is

Julli [10]

The most common service provided by a real estate agent when selling your home is screening potential buyers.

7 0

3 years ago

A company that asks candidates to engage in group discussions, business game simulations, presentations, and role play exercises

lina2011 [118]

Answer:

A company that asks candidates to engage in group discussions, business game simulations, presentations, and role play exercises, so that members of management may evaluate their performance capabilities is probably using this method of selection:

Assessment Center

Explanation:

Assessment Center method is such a method of selection in which the recruiting company measure the performance of the candidates by engaging them in different activities.
These activities can include business scenarios, job simulations, psychological tests etc.
For example, if a company is recruiting and for evaluation they ask the candidates to consider themselves in a particular role. Then they ask them how will they perform their duties. This is an example of assessment center selection method.

3 0

3 years ago

The publishing conglomerate Conde Nast is able to purchase mailing lists of people who have bridal interests, knowing that its M

katovenus [111]

Answer:

e. identifiable

Explanation:

Something is identifiable when is easy to recognize, in the excercise given the publishing conglomerate Conde Nast aims to this identifiable segments in order to reach certain customers.

I hope you find this information useful and interesting! Good luck!

6 0

3 years ago