Answer:
Average number of customers in a system = 2.25 Customers
Explanation:
Given:
Customers arrive rate (a) = 15 per hour
Customers service rate (b) = 20 per hour
Average number of customers in a system = ?
Computation of average number of customers in a system:
Average number of customers in a system = 2.25 Customers
A) it is more accurate than accrual accounting.
Answer: C. the game plan management is using to stake out a market position, conduct operations, attract and please customers, compete successfully, and achieve organizational objectives
Explanation:
What stands out a firm is in its strategy. This strategy is embedded in how the firm plans it's game, using divers market position and ways on how to source for buyers to be attracted to it's product or services, which makes them glued to it. Conducting operations to ensure this services are well carried out to please the customers and provide after sales/service to curb any challenge.
Answer: 83.53 days.
Explanation:
We would need to calculate the Current Assets as well as the Quick Assets.
Calculating the Current Assets we can use the Current ratio and Current Liabilities as follows,
Current Assets = Current Ratio * Current Liabilities
= 1.22 * 28,000
= $34,160
Then we calculate the Quick Assets which are essentially the most liquid assets being Cash and Cash Equivalents,
= Quick Ratio * Current Liabilities
= 0.71 * 28,000
= $19,880
Inventory will be Current Assets minus Quick Assets because Current Assets include all Current Assets whereas Quick Assets are Cash And Cash Equivalents Current Assets
= 34,160 - 19,880
= $14,280
We can then calculate the Inventory Turnover as,
= Cost of Goods sold / Inventory
= 62,400/14,280
= 4.36974789916 times.
Now we can finally calculate the days of Inventory by dividing the days in a year by the Turnover ratio. We will assume a 365 year.
= 365/4.36974789916
= 83.53 days.
It takes 83.53 days on average does it take to sell the inventory.
Answer:
The chief executive officer (CEO) is the top position in an organization and is responsible for implementing existing plans and policies, ensuring the successful management of the business and setting future strategy. The CEO is ultimately responsible for the success or failure of the organization.