Answer: B. 3
Explanation:
The expected arrival rate at service point is 45 customers per hour and reasonable service rate is 4 minutes.
The total numbers of customers each clerk can handled per hour is calculated below,
= (60 minutes)/ 4(minutes) = 15 customers
At the arrival rate of 45 customers per hour. The required number of clerks needed to handle 45 customers per hour is;
= customer arrived / customer served
= 45/15 =3
Therefore 3 clerks are required to keep the pace steady at an average time under 5 minutes.
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Answer:
Gross profit= 131,500
Explanation:
Giving the following information:
Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F
To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.
Gross profit= 220,000 - 90,000 + 1,500= 131,500
Answer:
The debt-equity ratio need to be 1.01 for the firm to achieve its target WACC
Explanation:
In order to calculate the debt-equity ratio we would have to calculate the following formula:
debt-equity ratio=Weight of debt/Weight of equity
To calculate the Weight of debt we would have to use the formula to calculate the WACC as follows:
WACC = Wd×Rd×(1-t)+We×Ke
Therefore, according to the given data:
11.20% = Wd×8.70%×(1-35%)+(1-Wd)×16.80%
11.20% = Wd×5.655%+16.80%-16.80%×Wd
11.145%×Wd = 5.60%
Weight of debt=0.5025
Weight of equity=1-Weight of debt
Weight of equity=1-0.5025
Weight of equity=0.4975
Therefore, debt-equity ratio=0.5025/0.4975
debt-equity ratio=1.01
The debt-equity ratio need to be 1.01 for the firm to achieve its target WACC