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3 years ago

Final goods and services refer to:

Business

1 answer:

Andrew [12]3 years ago

6 0

Answer:

= goods and services purchased by

ultimate users, rather than for resale or further processing.

Explanation:

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

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3 years ago

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Q 6.3: Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approxima

lbvjy [14]

Answer:

D : 2.17%.

Explanation:

The 26% is an APR(Annual Percentage Rate). This is a quoted rate that a credit card company charges . It is also known as the nominal rate.

Since the question is asking for a monthly rate, use the 26% and convert it into monthly rate. We have 12 months in a year; meaning, we will divide the nominal rate by 12;

Monthly rate = APR / n

APR = 26% or 0.26 as a decimal

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3 years ago

In a production process new raw materials are considered_____ whereas the finished products are considered______

loris [4]

Answer:

In a production process new raw materials are considered_____ whereas the finished products are considered______

WIP (Work IN Process)

Units for Sale/ Raw Material for other Processes

Explanation:

WIP (Work IN Process)

The raw material in WIP is converted to useful material for other processes.

Work in process consists of materials labor factory overhead or collectively called as conversion costs. In Work in Process these are completed fully or to a certain limit and send to other processes for further work.

Units For sale

Finished goods are ready for sale and send to desired stores or ware houses for storage and further dispatching to retail stores.

Sometimes these units further need servicing or processes in other departments to make a complex unit . In these situations they are considered raw material for other processes.

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2 years ago

GDP is defined as the a. value of all goods and services produced within a country in a given period of time. b. value of all go

Anon25 [30]

Answer:

c. value of all final goods and services produced within a country in a given period of time.

Explanation:

GDP is the value of all final goods and services produced within a country in a given period of time.

GDP = Consumption + Investment + Government Spending + Net Exports

GNP is the value of all final goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time.

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3 years ago

Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.5 cus

Phantasy [73]

Answer:

A) Single-server single-phase model (M/M/1).

$\lambda=2.5 \,customers/hour\\\\\mu=6\,customers/hour$

B) The goal is not met, as the average time waiting for service is 5.56 minutes.

C) The new mean service rate is 7.5 customers/hour.

In this case, the average time waiting for service is 4 minutes, so the goal is met.

Explanation:

A) This situation can be modeled as a single-server single-phase model (M/M/1).

The mean arrival rate is 2.5 customers per hour.

$\lambda=2.5 \,customer/h$

The mean service rate is 6 customers per hour, calculated as:

$\mu=\frac{60\, min/h}{10 \,min/customer}=6\, customer/h$

B) The average waiting time for a customer can be expressed as:

$W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda} =\frac{2.5}{6}\frac{1}{6-2.5} =0.417*0.222=0.093\,hours\\\\W_q=0.093\,hours*(60min/h)=5.56 \,min$

The average waiting time is 5.56 minutes, so it is more than the goal of 5 minutes.

C) If the average time spent per customer to 8 minutes, the mean service rate becomes

$\mu=\frac{60\, min/h}{8 \,min/customer}=7.5\, customer/h$

An the average waiting time for the service now becomes:

$W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda} =\frac{2.5}{7.5}\frac{1}{7.5-2.5} =0.333*0.2=0.067\,hours\\\\W_q=0.067\,hours*(60min/h)=4 \,min$

The average time is now 4 minutes, so the goal is achieved.

6 0

3 years ago