Solution:
a. λ = 750
u = 1 card/4sec = 900 cards / hour
L(q) = 750^2 / 2*900(900-750) = 2.0833
L(s) = 2.0833+750/900 = 2.9166 W(s)
= 2.9166 /750 =0.003889
= 14.00 sec
In 14.00 sec would you expect the customer to wait in line, pay with the debit card, and leave
b. L(s) 2.9166 =3 cars (from the answer of question a)
3 cars would expect to see in the system.
Answer:
B) structurally unemployed.
Explanation:
Structurally unemployed: It is a kind of unemployment that occur due to mismatch between skill required for job available and skill possessed by the individual or unemployed population. This is caused by technological advancement or higher competition in the market. It has long-lasting effect on economy and required fundamental changes to overcome the structural unemployment.
Actions required to overcome structurally unemployed:
- Education and training.
- Relocation of subsidies.
In the given case, Cameron has lost his job due to technological advancement in automobile production, which is a case of structural unemployment.
Answer:
The $5,680 expense should the firm deduct from revenues in the month when it recognizes the revenue.
Explanation:
According to the matching accounting principles, the expenses and revenues should be recorded in that period in which they are incurred and earned.
In the question, the Sheridan pays $2,590 in April, and $3,090 in may but it incurred in April
So, the total amount would be $2,590 + $3,090 = $5,680 should be recorded on April month only.
Answer:
The Value added of the Baker is $0.25
The sum of the value added at each stage of production is :
Farmer = $0.15
Miller = $0.20
Baker = $0.25
Grocer = $0.20
Total Value added = $0.80
Explanation:
Farmer cost = $0.20
Farmer Margin = $0.15
Farmer Sells to Miller = $0.35
Miller Margin = $0.20
Miller sells to Baker = $0.55
Baker Margin = $0.25
Baker sells to Grocer = $0.80
Grocer Margin = $0.20
Grocer sells to Family = $1.0
The concept of Value added states that a product receives extra features from the beginning of its production cycle to when it gets into the hands of its final consumers. The process of it being handed down through the Value Chain results in changes in Prices between the Input Costs and selling Prices. This difference is identified as Value added.
In this question, the Farmer added Value by turning a seed of wheat to a harvest of wheat which he sold to the Miller. The Miller further added Value by transforming the wheat into flour and selling this to the Baker. The Baker adds value by producing a product the consumer needs and selling to the Grocer, in his case bread. The Grocer added value by making it available on the shelf and within the neighborhood of the consumer.
This is how value is added. And it varies per product and per channel of distribution too.
