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velikii [3]
3 years ago
10

The chattanooga furniture store gets an average of 72 72 customers per shift. marilyn​ helms, the​ manager, wants to calculate w

hether she should hire 1 1​, 2 2​, 3 3​, or 4 4 salespeople. she has determined that average waiting times will be 10 10 minutes with one​ salesperson, 6 6 minutes with two​ salespeople, 3 3 minutes with three​ salespeople, and 2 2 minutes with four salespeople. she has estimated the cost per minute that customers wait at ​$ 1 1. the cost per salesperson per shift​ (including fringe​ benefits) is ​$ 80 80.
Business
1 answer:
madreJ [45]3 years ago
7 0

Answer:

3 Sales people

Explanation:

The calculation of total cost per shift is shown below:-

                    1st sales         2nd sales           3rd sales            4th sales

                      person             person              person               person

Average Waiting

Time               10 minutes     6 minutes        3 minutes          2 minutes

Total waiting

Cost                  $720                $432                $216                 $144

                 (72 × $1 × 10)    (72 × $1 × 6)        (72 × $1 × 3)      (72 × $1 × 2)

Add: Total labor

Cost                   80                    $160                  $240                $320

                      ($80 × 1)            ($80 × 2)            ($80 × 3)         ($80 × 4)

Total cost          $800               $592                  $456                $464

Thus, 3 servers have the lowest cost, so that the overall cost per change with 3 Sales people is chosen.

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The overhead volume variance relates only to
Fofino [41]
D fixed overhead cost
5 0
3 years ago
The economic definition of money​ is:_________
SVEN [57.7K]

Answer:

The correct answer is option A.

Explanation:

Money can be defined as an object that is widely used as a medium of exchange in economic transactions. The primary function of money is to act as a medium of exchange for goods and services.

Other than that money also performs a number of secondary functions. It acts as a store of value, unit of account and standard of deferred payments.

Money can be of different types such as commodity money, bank money, and fiat money.

5 0
3 years ago
Kraft has adapted its popular Oreo cookie to the unique tastes of consumers all around the world, whether it's mango-and-orange
zvonat [6]

Answer:

Product adaptation

Explanation:

Product adaptation is when an existing product is changed or modified to suit customers need in a foreign market . The aim is to satisfy customers want all around the world where the products are exported to.

There are various reasons why products may be adapted, one of which is changing the taste of a product to meet the desire of customers who are based in other countries or around the world. It may also involve either changing the brand, colour etc, just to meet customers demand all around the world.

Other reason why a product may be adapted is to comply with local laws where the products are exported to.

7 0
2 years ago
The departmental patriarch spent his last years at the university developing and promoting a Student Portfolio Project that requ
valentinak56 [21]

Answer:

D, starvation

Explanation:

Starvation can be defined as the deprivation of a certain thing till it leads to death. More often than not, starvation has majorly been synonymous with suffering as a result of lack of food.

In the above question, as soon as the patriach died, the Student portfolio project started to starve. It lacked continuos push and effort like the patriach did.

Cheers.

3 0
3 years ago
Global Pistons​ (GP) has common stock with a market value of $ 200$200 million and debt with a value of $ 100$100 million. Inves
kvv77 [185]

Answer:

a. Suppose GP issues $ 100$100 million of new stock to buy back the debt. What is the expected return of the stock after this​ transaction?

  • 12%

b. Suppose instead GP issues $ 50.00$50.00 million of new debt to repurchase stock. i. If the risk of the debt does not​ change, what is the expected return of the stock after this​ transaction?

  • 18%

ii. If the risk of the debt​ increases, would the expected return of the stock be higher or lower than when debt is issued to repurchase stock in part ​(i​)?

  • If the risk of the debt increases, then the cost of the debt will increase. Therefore, the company will need to spend more money paying the interests related to the new debt which would decrease the ROE compared to the 18% of (i). Since we do not know the new cost of the debt, we cannot know exactly by how much it will affect the ROE, but I assume it will still be higher than the previous ROE.

Explanation:

common stock $200 million

total debt $100 million

required rate of return 15%

cost of debt 6%

current profits = ($200 million x 15%) + ($100 x 6%) = $30 million + $6 million = $36 million

if equity increases to $300 million, ROI = 36/300 = 12

if instead new debt is issued at 6%:

equity 150 million, debt 150 million

cost of debt = 150 million x 6% = $9 million

remaining profits = $36 - $9 = $27 million

ROI = 27/150 = 18%

3 0
3 years ago
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