What term describes funds that are provided to start a new business??

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

Aditya is the security manager for a mid-sized business. The company has suffered several serious data losses when laptops were

Kitty [74]

People often take a lot of risk. The risk response Aditya risk response is to Reduce.

<h3 /><h3>Is full disk encryption important?</h3>

When a encrypted disk crashes or is said to be corrupted, it can lead to one's files being permanently damage.

It is therefore important that passwords or encryption keys are kept safe in a safe place due to the fact that once full disk encryption is on, no one can be able to access the computer without the right credentials.

Conclusively, Risk Response Strategy is regarded as action plan on what a person has to do a particular Risk on the project one is working on.

learn more about implement full disk encryption from

brainly.com/question/26304130

3 0

2 years ago

The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts ex

Ganezh [65]

Answer:

The adjusting entry at the end of the year is option c.

Debit Bad Debts Expense $12,335;

credit Allowance for Doubtful Accounts $12,335

Explanation:

Bad debt : The amount which is not received by the customer for good supplied by the company is treated as a bad debt.

In the given question,

The 2.5% of ending accounts receivable will be uncollectible so, the allowance would be equals to

= 2.5 % of Accounts receivable

= 2.5 % × $441,000

= $110,25

Now add the allowance for doubtful accounts to the allowance which is calculated above.

So,

= $110,25 + 1,310

= $12,335

The estimated bad debts expense is $12,335

Hence, the adjusting entry at the end of the year is option c.

Debit Bad Debts Expense $12,335;

credit Allowance for Doubtful Accounts $12,335

3 0

3 years ago

In a weak economy, the sale of lands for development may experience a slowdown. What is the MOST LIKELY reason this

KonstantinChe [14]

Answer:

The correct answer is (C)

Explanation:

In a weak economy, very few people have the means to buy hard assets from their own money. A weak economy is a malicious cycle where people do not have resources of improving and increasing their income. In a weak economy, financial institutions become weak, which creates a shortage of money in the market. It also becomes challenging to get loanable funds to invest in a weak economy.

3 0

3 years ago

Read 2 more answers

Suppose that the airline industry is in long-run equilibrium when the price of gasoline increases, raising the cost of operating

svlad2 [7]

Answer: c. decrease.

Explanation:

If the cost of operating airplanes increases on account of gasoline prices rising, it means that running an airline service would be more expensive.

In the long-run, there is zero economic profit as companies keep entering and exiting the market. If costs increase as they have done here, there will be an economic loss. Several firms will therefore exit in order to avoid these costs which would lead to the number of airlines decreasing.

When they decrease, prices will then go up till the economic profit is zero once more.

8 0

3 years ago