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dalvyx [7]
3 years ago
11

A drive through liquor store estimates that customers arrive in their cars at the rate of 10 per hour. The cashier can serve cus

tomers at a rate 15 per hour. What is the average waiting time in line?
Business
1 answer:
ycow [4]3 years ago
5 0

Answer:

4 minutes

Explanation:

Availability

time = 60 minutes

Capacity = 15 cars per hour

Time taken for each car to serve = 60 / 15 minutes = 4 minutes

Arrival of car

Cars per hour = 10 cars

Time taken by each car = 60 / 10 = 6 minutes per car

As cars are arriving later than the time taken to serve each so the average time in line will be 4 minutes

You might be interested in
You have purchased a U.S. Treasury bond for $3,000. No payments will be made until the bond matures 10 years from now, at which
ruslelena [56]

Answer:

rate = 5.24 %

so correct option is d. 5.24%

Explanation:

given data

purchased bond initial amount = $3,000

Maturity amount = $5,000

time period = 10 years

to find out

interest rate  earn on this bond

solution

we know here initial amount and final amount with time period so

we will apply here Maturity amount formula that is

Maturity amount = initial amount × (1+rare)^{time}     .................1

put here value we get

Maturity amount = initial amount × (1+rare)^{time}  

5000 = 3000 × (1+rare)^{10}      

1.6667 - 1 = (rare)^{10}      

solve it we get

rate = 5.24 %

so correct option is d. 5.24%

4 0
3 years ago
On March 7, a buyer and a seller execute a contract for the purchase of the seller's property. Closing is set for June 10. On Ap
Butoxors [25]

Answer:

Under the act, the seller bears the loss alone.

Explanation:

Since in the given question it is mentioned that on march 7 the buyer and seller comes into the contract and on April 15 the property is destroyed so as per the given act, here the seller party bears the liability for the loss alone as he is full responsible of it also the closing is to be on June 10

Therefore the above should be the answer

3 0
3 years ago
Once managers of The Grecian Urn have decided on their product concept and marketing strategy, they can evaluate the business at
vampirchik [111]

Answer:

Business Analysis

Explanation:

The development of a new product is comprised of eight stages, Business Analysis is the 4th stage. Other stages include Idea generation, idea screening, concept testing, product development, test marketing, commercialization and the review of market performances.

Business Analysis is the stage involved in the evaluation or assessment of projected or expected costs, sales and profits from the new product being development. This is called the attractiveness of the business. A product that is unable to generate enough sales and profit to cover it costs and boost the overall income of an organisation cannot be said to be attractive.

To find out the commercial profitability of the company, some of the following questions are asked in the business analysis stage:

  • What is the potential cost of the new product?
  • What is the total sales expected to be?
  • Will the new product be commericially profitable?
  • what will our expected advertising and promotion expenses be?
  • What kind of competition should we expect with the new product?
  • What will the demand for the product be according to different seasons?

8 0
3 years ago
Do you think expenditure on road building and maintenance is an on-budget or off-budget expenditure?
Ivenika [448]
Assuming that you're talking about the Federal's budget, road building and maintenance is an On-Budget expenditure

On-budget expenditures are those that included in regular annual budget,

meanwhile off-budget expenditures are those that included in regular annual budget

Maintaining public utilities to ensure people's safety is included on annual budget

8 0
3 years ago
On December 31, the company provides consulting services and bills its customer $3,000 for these services.
Gennadij [26K]

Answer:

Debit Accounts receivable $3,000

Credit Consulting Revenue $3,000

Explanation:

Based on the information given if the company provides consulting services and bills its customer the amount of $3,000 for these services the appropriate journal entry On December 31 will be:

On December 31

Debit Accounts receivable $3,000

Credit Consulting Revenue $3,000

6 0
3 years ago
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