Answer:
The Answer is A) 2
Explanation:
Drawing details from the question, the formula for calculating Average Waiting Time under the Single -Server Queue Model is given as:
Average Waiting Time = <u>(Average No of customers waiting in line</u>)
λ
> λ is a mathematical symbol pronounced Lambda and here refers to <em>Rate of Arrival.</em>
> We have Average Waiting Time = 8
> We have λ (Average Rate of Arrival) = 15 People every hour (that is 60 Minutes)
> that is 15/60= 0.25
Therefore λ = 0.25
> Lets assume that Average No. of Customers Waiting in Line is C
Our formula (by substituting the various factors above now becomes
8 = C/0.25
To get, we cross multiply. So we have:
C = 8 x 0.25
C = 2 thefore the Average No. of Customers waiting according to the single-server queue model given the above conditions is 2.
Cheers!
Answer:
PV= $22,677.03
Explanation:
Giving the following formula:
Number of periods (n)= 9 years
Annual payment (A)= $3,800
Discount rate (i)= 12%
<u>First, we will calculate the future value of the payments using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= {3,800*[(1.12^9) - 1]} / 0.12 + {[3,800*(1.12^9)] - 3,800}
FV= 56,147.49 + 6,737.7
FV= $62,885.19
<u>Now, the present value:</u>
PV= FV / (1 + i)^n
PV= 62,885.19 / (1.12^9)
PV= $22,677.03
Answer:
The answer is: C
Explanation:
This costing question assesses the stages of completion of inventory during the manufacturing process. The significant point of information is: all materials are added at the beginning of the process, meaning at the end of the period, materials are fully complete, that is, no more materials will be added to the ending work in process. However, the conversion costs are yet to be fully utilised. In this case, equivalent units (partial units computed as completed units for purposes of costing at the end of a financial period) will have to be calculated to reflect the stage of completion.
Materials cost: 5000 units at 100% completion yields 5000 units for costing
Conversion costs: 5000 units at 20% conversion completion is equal to: 5000*0.2= 1000 equivalent units
The costing calculation for ending work in process is as follows:
Materials cost: 5000 units at $5.00 per unit = $25,000
Conversion cost: 1000 units at $3.00 per unit = $3000
The total cost for ending work in process is the sum of the materials cost and conversion cost = $28,000
Answer:
the amount that the company have to borrow is $160,000
Explanation:
The computation of the amount that the company have to borrow is given below:
= Minimum cash balance at end of the month - (beginning cahs balance + cash receipts - cash disbursement)
= $400000 - $(480000+304000-544000)
= $160,000
hence, the amount that the company have to borrow is $160,000
Answer:
enterprise architecture
Explanation:
According to my research on different business strategies and tools, I can say that based on the information provided within the question the term being described is called an enterprise architecture. Like mentioned in the question this is a blueprint/road-map that defines the structure and operation of an organization in order to achieve it's mission in the most effective way possible. Which is used by almost every business since it is an essential step in the business' success.
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