Ask question

Ask question

All categories

3 years ago

5

Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor's degree. at a 5.5 pe

rcent apr, what are these payments worth to you on the day you enter college?

1 answer:

butalik [34]3 years ago

6 0

100 -5.5 = 94.5 payments worth

You might be interested in

Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.5 cus

Phantasy [73]

Answer:

A) Single-server single-phase model (M/M/1).

$\lambda=2.5 \,customers/hour\\\\\mu=6\,customers/hour$

B) The goal is not met, as the average time waiting for service is 5.56 minutes.

C) The new mean service rate is 7.5 customers/hour.

In this case, the average time waiting for service is 4 minutes, so the goal is met.

Explanation:

A) This situation can be modeled as a single-server single-phase model (M/M/1).

The mean arrival rate is 2.5 customers per hour.

$\lambda=2.5 \,customer/h$

The mean service rate is 6 customers per hour, calculated as:

$\mu=\frac{60\, min/h}{10 \,min/customer}=6\, customer/h$

B) The average waiting time for a customer can be expressed as:

$W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda} =\frac{2.5}{6}\frac{1}{6-2.5} =0.417*0.222=0.093\,hours\\\\W_q=0.093\,hours*(60min/h)=5.56 \,min$

The average waiting time is 5.56 minutes, so it is more than the goal of 5 minutes.

C) If the average time spent per customer to 8 minutes, the mean service rate becomes

$\mu=\frac{60\, min/h}{8 \,min/customer}=7.5\, customer/h$

An the average waiting time for the service now becomes:

$W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda} =\frac{2.5}{7.5}\frac{1}{7.5-2.5} =0.333*0.2=0.067\,hours\\\\W_q=0.067\,hours*(60min/h)=4 \,min$

The average time is now 4 minutes, so the goal is achieved.

6 0

3 years ago

the business strategy of differentiation reflects unique and frequently innovative product, or service. true or false

RoseWind [281]

Answer:

TRUE

Explanation:

In simple words, differentiation strategy refers to the business strategy under which an organisation tries to get competitive advantage in the market by adding some unique features in the existing products or by introducing brand new products for utilization.

This strategy is used by service industries as well in which the organisations frequently introduce new technologies for better operating activities. Such strategies can sometimes lead to establishment of new industry in which the innovating firm gets the first mover advantage.

3 0

4 years ago

Ted has always had difficulty saving money, so on June 1, Ted enrolls in a Christmas savings program at his local bank and depos

Anika [276]

Answer:

Ted is giving up an interest of 37.5 by pre-committing his money to a Christmas savings account

Explanation:

Step 1: Determine interest amount

The formula for calculating interest is as follows;

I=PRT

where;

I=interest

P=principal

R=annual interest rate

T=number of years

In our case;

P=750

R=10%=10/100=0.1

T=From June 1 to December 1=6 months=0.5 years

replacing;

I=(750×0.1×0.5)=$37.5

Step 2: Determine total amount Ted will have for the two scenarios

case 1

Christmas savings program=750

Ordinary savings account=(750+37.5)=787.5

Ted is giving up an interest of 37.5 by pre-committing his money to a Christmas savings account

3 0

3 years ago

1. List three ways to get money OUT of your checking account.<br> CÓ<br> a<br> b.<br> C.

sammy [17]

Answer:

See below

Explanation:

A checking account is held at a financial institution. It allows the account holder to deposit or withdraw money as many times as they wish.

Money in a checking account can be gotten out or withdrawn in the following ways

Withdraw over the counter at the bank premises.
Withdraw at an ATM machine using a debit card or other electronic cards.
Writing a check in favor of the intended recipient

Other ways include;

Electronic transfers from one account to the other using the internet or banking apps-online banking

5 0

3 years ago

Stranahan Company allocates overhead based on machine hours. Estimated overhead costs for the year total $217,000 and the compan

castortr0y [4]

Answer:

Allocated MOH= $7,000

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 217,000 / 31,000

Predetermined manufacturing overhead rate= $7 per machine hour

<u>Job 45:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 7*1,000

Allocated MOH= $7,000

5 0

3 years ago