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snow_lady [41]
3 years ago
8

Consider the baggage check-in process of a small airline. Check-in data indicates that from 9am to 10am, 190 passengers checked

in. Moreover, based on counting the number of passengers waiting in line, airport management found that the average number of passengers waiting for check-in was 56.
Required:
How long did the average passenger have to wait in line?
Business
1 answer:
iren [92.7K]3 years ago
5 0

Answer:

17.68 minutes

Explanation:i

In order to calculate the average time passenger had to wait in line, we would first divide the average number of passengers check-in in with the passengers checked in from 9 am to 10 am (which was the highest number of check-ins of the day). Then we would multiply that number by 60 minutes. As shown below:

First,

= 56 average number of passengers checked-in / 190 passengers checked-in from 9 to 10 am

= 0.2947

Then

= 0.2947 x 60 minutes

= 17.68 minutes

Hence, 17.68 minutes did the average passenger wait in line.

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Jones, a consulting manager of Miller &amp; Co., is considering membership on an audit client's board of directors. Jones does n
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How does a fixed exchange rate set the value for a currency?
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Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated the re
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Answer:

Purchase Company

                                                                  RU-1           RU-2          RU-3

Goodwill Impairment loss (gain)           $8,300      $44,600 ($383,250)

Explanation:

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Carrying Amounts

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Tangible assets   $215,500   $261,000   $158,250

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Customer list        154,500

Unpatented technology        232,500

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Liabilities              (35,000)

Book values      $782,250    $781,050  $360,250

Fair values        $773,950    $736,450  $743,500

Goodwill Impairment

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b) Purchase Company will recognize Goodwill impairment expense for RU-1 and RU-2.  It will recognize a Goodwill impairment gain for RU-3.  A goodwill impairment gain results when the fair value is higher than the book value of the net realizable assets.

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3 years ago
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