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xenn [34]
3 years ago
7

A call center has a total of 12 telephone lines coming into its customer service department, which is staffed by 5 customer serv

ice representatives. On average, 2 potential customers call every minute. Each customer service representative requires, on average, 2 minutes to serve a caller. After great deliberation, management has decided to add another line, increasing the total to 13. As a result, the call center can expect the following:
a. The proportion of potential customers getting a busy signal will increase decrease be unchanged
b. Average flow time experienced by customers will increase decrease be unchanged
c. Average utilization of customer service representatives will increase decrease be unchanged
Business
1 answer:
maria [59]3 years ago
3 0

Answer:

a. decrease

b. increase

c. increase

Explanation:

A call center has added a telephone line coming to its customer service department. The proportion of potential customer getting a busy line will decrease because now there is one additional line that can be used to serve caller. The average flow time experienced by customers will increase. Utilization of all the telephone lines shows the productivity of call center. The average utilization of customer service representative will increase because customer representative will have one more line to address the call by customers.

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Salisbury Corporation has been producing and selling 30,000 caps a year. The company has the capacity to produce 50,000 caps wit
yulyashka [42]

Answer:

Minimum price = $16

Explanation:

As per the data given in the question,

Selling price per unit = $35

Variable cost for manufacturing = $14

Variable cost for selling and administrative = $6

Fixed cost in manufacturing = $128,000

Fixed cost in selling and administrative = $56,000

For Gilbert = 10,000 × ($24 - $14 - $6)

= $40,000

For New customer = 20,000 × (P - $14) = $40,000

= 20,000P - $280,000 = $40,000

P = $16

5 0
3 years ago
If the discount rate is 10 percent, what is the present value of these cash flows? (Do not round intermediate calculations and r
Alex787 [66]

Answer:

there are no cash flows given, so I will use another question as an example:

NCF year 0 = -$1,150,000

NCF year 1 = $275,000

NCF year 2 = $275,000

NCF year 3 = $275,000

NCF year 4 = $275,000

NCF year 5 = $275,000

NCF year 6 = $275,000

NCF year 7 = $275,000

a) when cash flows are the same for all the years, you can use an ordinary annuity factor:

PV = $275,000 x 4.86842 (PV annuity factor, 10%, 7 periods) = $1,338,815.50

NPV = -$1,150,000 + $1,338,815.50 = $188,815.50

b) PV = $275,000 x 3.81153 (PV annuity factor, 18%, 7 periods) = $1,048,170.75

NPV = -$1,150,000 + $1,048,170.75 = -$101,829.25

c) PV = $275,000 x 3.24232 (PV annuity factor, 18%, 7 periods) = $891,638

NPV = -$1,150,000 + $891,638 = -$258,362

If the cash flows are different, then you must discount each cash flow individually.

E.g. NCF year 0 = -$150,000

NCF year 1 = $75,000

NCF year 2 = $85,000

NCF year 3 = $95,000

NPV = -$150,000 + $75,000/1.1 + $85,000/1.1² + $95,000/1.1³ = $59,804.66

5 0
3 years ago
Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished go
Stolb23 [73]

Question Completion:

The following information applies to Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories:

                                                                 Beginning          Ending

                                                                  Inventory         Inventory

Raw materials inventory                        $ 120,000         $ 185,000

Work in process inventory-Weaving       300,000            330,000

Work in process inventory-Sewing        570, 000            700,000

Finished goods inventory                     1,266,000          1,206,000

         

The following additional information describes the company's manufacturing activities for June:

Raw materials purchases (on credit) $500,000

Factory wages cost (paid in cash) 3,060,000

Other factory overhead cost (other Accounts credited) 156, 000

Materials used:

Direct-Weaving  $ 240, 000

Direct-Sewing  75,000

Indirect  120,000

Labor used:

Direct-Weaving $1,200, 000

Direct-Sewing  360,000

Indirect 1,500,000

Overhead rates as a percent of direct labor:

Weaving Sewing

  80%      150%

Sales (on credit) $4,000,000

Answer:

Pro-Weave

1. Computation of:

a) Cost of products transferred from Weaving to Sewing = $2,370,000

b) Cost of products transferred from Sewing to Finished Goods = $3,215,000

c) Cost of Goods Sold = $3,275,000

2. Journal Entries on June 30 to record:

(a) goods transferred from weaving to sewing

Debit WIP: Sewing $2,370,000

Credit WIP: Weaving $2,370,000

To transfer goods from weaving to sewing.

(b) goods transferred from sewing to finished goods

Debit Finished Goods Inventory $3,215,000

Credit WIP: Sewing $3,215,000

To transferred goods from sewing to finished goods.

(c) sale of finished goods, and

Debit Accounts Receivable $4,000,000

Credit Sales Revenue $4,000,000

To record the sale of goods on credit.

(d) cost of goods sold

Debit Cost of Goods Sold $3,275,000

Credit Finished Goods Inventory $3,275,000

To record the cost of goods sold.

Explanation:

a) Data and Calculations:

Items                                           Weaving           Sewing     Finished Goods

Beginning Inventory                $ 300,000       $570,000     $1,266,000

Direct materials                          240,000            75,000

Direct labor                              1,200,000          360,000

Overhead applied:

(1,200,000 * 80%)                      960,000

($360,000 * 150%)                                             540,000

Cost of Weaving                   $2,700,000                        

Less Ending Inventory               330,000  

Transferred to Sewing        ($2,370,000)     2,370,000

Total cost of Sewing                                      $3,915,000

Less Ending Inventory                                       700,000

Transferred to Finished Goods                  ($3,215,000)        3,215,000

Goods available for sale                                                        $4,481,000

Less Ending Inventory                                                             1,206,000

Cost of Goods Sold                                                              $3,275,000

Manufacturing overhead actually incurred:

Indirect materials  120,000

Indirect labor     1,500,000

Total incurred   1,620,000

8 0
3 years ago
A company sells q ribbon winders per year at $p per\ribbon winder. The demand function for ribbon winders is given by P=300−0.02
Harrizon [31]

Answer:

0.30

Demand is inelastic and an increase in price would lead to an increase in total revenue

Explanation:

P=300−0.02Q

Make q the subject of the formula by dividing through by 0.02

50P = 15,000 - Q

Q = 15,000 - 50P

Differentiate the above equation

\frac{dp}{dq} = -50

Determine the value of q when p is 70

Q = 15,000 - 50(70) = 11,500

Elasticity = [\frac{p}{q} . \frac{dp}{dq} ]

[\frac{70}{11500} . -50] = 0.30

Demand is inelastic and an increase in price would lead to an increase in total revenue

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

3 0
3 years ago
To say that "the U.S. public debt is mostly held internally" is to say that:_______ a. the bulk of the public debt is owned by U
Triss [41]

Answer: The correct answer is "a. the bulk of the public debt is owned by U.S. citizens and institutions.".

Explanation: To say that "the U.S. public debt is mostly held internally" is to say that:<u> the bulk of the public debt is owned by U.S. citizens and institutions.</u>

5 0
3 years ago
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