Answer:
Arrival rate λ= 19 pages per hour
Service rate μ = 20 pages per hour
a. Average utilization rate <em>P </em>= λ/μ
Average utilization rate <em>P </em>= 19/20
Average utilization rate <em>P </em>= 0.95
Average utilization rate <em>P = </em> 95%
b. Probability that more than four pages are waiting or being word processed Pn>4 = 1 - (<em>P0 + P1 + P2 + P3 + P4)</em>
Pn>4 = 1 - (0.05*(1+0.95 + 0.95^2 + 0.95^3 + 0.95^4))
Pn>4 = 1 - (0.05*4.524)
Pn>4 = 1 - 0.2262
Pn>4 = 0.774.
c. Average number of pages waiting to be word processed <em>Lq</em>
<em>Lq = </em>λ²/μ(μ-λ)
<em>Lq </em>= 19²/20(20-19)
<em>Lq </em>= 361/20
<em>Lq </em>= 18.05
Answer:
$193,000
Explanation:
Carter Company
Sales 4,525,000
Cost of goods sold <u>-2,550,000</u>
1,975,000
Operating expenses <u>-1,372,000</u>
Net Income 603,000
Average invested assets 4,100,000
Target income 10% 410,000 <u>410,000</u>
Residual income <u>$193,000</u>
Answer:
law of diminishing marginal returns
Explanation:
Based on the information provided regarding this situation it seems that the firm is experiencing the law of diminishing marginal returns. This is basically stating that producing more units per output will sooner or later cost a lot more than the initial value, because inputs are being used less as well as less effectively. This will continue to be so as production increases.
<span>Informative advertising educates audiences about a product, service or brand, which increases their awareness. This type of marketing helps companies reach new target demographic markets by appealing to their interest, creating memorable impressions and calling on potential customers them to take action to either learn more or make a purchase.</span>
Answer: Parochial
Explanation: A style of management in which the manager having decision authority considers every situation only from his or her own perspective is called Parochial management style. The parochial mangers are the one with illiberal thinking they only considers the situation on the pros and cons related to themselves.
In the above case study, as per the description of the assistant, we can conclude that Steve is a parochial manager.
