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katovenus [111]
3 years ago
8

At the start of football season, the ticket office gets very busy the day before the first game. Customers arrive at the rate of

four every 10 minutes, and the average time to transact business is 2 minutes. The average number of people in line is customers (round your response to one decimal place). The average time that a person will spend at the ticket office is minutes (enter your response as a whole number). The proportion of time that the server is busy is (round your response to one decimal place).
Business
1 answer:
ipn [44]3 years ago
7 0

Answer:

(a) 3.2

(b) 10 minutes

(c) 0.8

Explanation:

Mean number of customer in service:

= Arrival rate ÷ service rate

= 24 in 60 min ÷ 30 in 60 min

= 24 ÷ 30

= 0.8

a) Average number of people in line:

= (Mean number of customer in service × arrival rate) ÷ (Service rate - arrival rate)

= 0.8 × (24 ÷ 6 )

= 3.2

b) Average time spend at the ticket office is = 10 minutes

c) Proportion of time server is busy:

= Arrival rate ÷  service rate

= (24 in 60 min ÷  30 in 60 min)

= 24 ÷ 30

= 0.8

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Present value can be calculated using a financial calculator

Cash flow in year 1 = 84,000

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To find the PV using a financial calculator:

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8 0
3 years ago
Why is it necessary for us to have knowledge and professional education? show the relationship between education and professiona
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Answer:

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5 0
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jek_recluse [69]

Answer:

The correct answer is D) marketing inputs.

Explanation:

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8 0
3 years ago
Spice Inc.'s unit selling price is $60, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000
miv72 [106K]

Answer:

Increase by $200,000

Explanation:

Giving the following information:

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6 0
3 years ago
Target Profit Outdoors Company sells a product for $110 per unit. The variable cost is $65 per unit, and fixed costs are $288,00
STatiana [176]

Answer:

Results are below.

Explanation:

Giving the following information:

Target Profit Outdoors Company sells a product for $110 per unit. The variable cost is $65 per unit, and fixed costs are $288,000.

<u>To calculate the break-even point in units, we need to use the following formula:</u>

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Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (288,000 + 54,720) / 45

Break-even point in units= 7,616 units

7 0
3 years ago
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