Answer:
Part A. Compute the probability that operator of the hotel is busy.
The call arrives at Lynn Ann Hotel at the rate of 2/min.
Therefore, 2 min = 120 customers per hour
Thus, the call is serviced by the operator at a rate of 20 seconds per customer.
Therefore,
P = 180 customers per hour
Probability that the operator will be busy:
P = λ / µ
P= 120 / 180
P = 0.67
Therefore, the probability that the hotel operator is busy is 0.67 hours
Part B. Determine the average time customer must wait:
= λ / µ (µ - λ)
= 120 / 180(180 - 120)
= 120 / 180(60)
= 120 / 10,800
= 0.011
Thus, the average wait time for the customer is 0.011 hours
Part C. Determine the average number of call waiting:
= λ^2 / µ (µ - λ)
= 120^2 / 180 (180 - 120)
= 14,400 / 180 (60)
= 14,400 / 10,800
= 1.33
Thus, the average waiting call to be answered is 1.33 hours
Answer:
Break-even point in units = 11 units
Explanation:
Given:
Rent per month = $150
Fixed charges per = $15
Variable cost = $5
Sale value = $20
Break-even point in units = ?
Computation of Contribution:
Contribution = Sale value - Variable cost
Contribution = $20 - $5
Contribution = $15
Computation of break-even point in units:
Break-even point in units = Fixed cost / Contribution
Break-even point in units = ($150 + $15) / $15
Break-even point in units = ($165) / $15
Break-even point in units = 11 units
Answer:
b. An IPO
Explanation:
The primary market transaction is the market where securities are created. An IPO which means initial public offer is an example of a primary market transaction.
The secondary market which is also known as the stock market is where securities that have been created are allowed to change ownership through sales and purchases.
All other options given (apart from IPO) are secondary market transactions.
Answer:should he reflected ceiling plan
Explanation:
Answer:
100 sweatshirts
Explanation:
To calculate the breakeven, we will first calculate the Contribution earned from each of the unit (sweatshirt) produced and sold.
Contribution per unit = Selling price per unit - Cost of producing one unit
Contribution per unit = $25 - ($10 + $2)
Contribution per unit = $13
Then in order to calculate breakeven, we divide the total fixed cost from the Per unit Contribution earned to determine the no. of unit at which we would be at breakeven (i.e. no profit no loss). As shown below:
Breakeven = Total Fixed Cost / Contribution per unit
Breakeven = ($1,000 + $300) / $13
Breakeven = 100 units of sweatshirt
