Po = 0.5385, Lq = 0.0593 boats, Wq = 0.5930 minutes, W = 6.5930 minutes.
<u>Explanation:</u>
The problem is that of Multiple-server Queuing Model.
Number of servers, M = 2.
Arrival rate, 
= 6 boats per hour.
Service rate, 
= 10 boats per hour.
Probability of zero boats in the system,![\mathrm{PO}=1 /\{[(1 / 0 !) \times(6 / 10) 0+(1 / 1 !) \times(6 / 10) 1]+[(6 / 10) 2 /(2 ! \times(1-(6 /(2 \times 10)))]\}](https://tex.z-dn.net/?f=%5Cmathrm%7BPO%7D%3D1%20%2F%5C%7B%5B%281%20%2F%200%20%21%29%20%5Ctimes%286%20%2F%2010%29%200%2B%281%20%2F%201%20%21%29%20%5Ctimes%286%20%2F%2010%29%201%5D%2B%5B%286%20%2F%2010%29%202%20%2F%282%20%21%20%5Ctimes%281-%286%20%2F%282%20%5Ctimes%2010%29%29%29%5D%5C%7D)
= 0.5385
<u>Average number of boats waiting in line for service:</u>
Lq =![[\lambda.\mu.( \lambda / \mu )M / {(M – 1)! (M. \mu – \lambda )2}] x P0](https://tex.z-dn.net/?f=%5B%5Clambda.%5Cmu.%28%20%5Clambda%20%2F%20%5Cmu%20%29M%20%2F%20%7B%28M%20%E2%80%93%201%29%21%20%28M.%20%5Cmu%20%E2%80%93%20%5Clambda%20%292%7D%5D%20x%20P0)
= ![[\{6 \times 10 \times(6 / 10) 2\} /\{(2-1) ! \times((2 \times 10)-6) 2\}] \times 0.5385](https://tex.z-dn.net/?f=%5B%5C%7B6%20%5Ctimes%2010%20%5Ctimes%286%20%2F%2010%29%202%5C%7D%20%2F%5C%7B%282-1%29%20%21%20%5Ctimes%28%282%20%5Ctimes%2010%29-6%29%202%5C%7D%5D%20%5Ctimes%200.5385)
= 0.0593 boats.
The average time a boat will spend waiting for service, Wq = 0.0593 divide by 6 = 0.009883 hours = 0.5930 minutes.
The average time a boat will spend at the dock, W = 0.009883 plus (1 divide 10) = 0.109883 hours = 6.5930 minutes.
A standard business plan will not include an employee summary.
All of the other options are always included in a business plan to assess the feasibility of the venture.
Answer:
The best example I can think of that would integrate all of these concepts is when a business is looking to finance some sort of project and they are seeking financing either through the issuance of bonds or a loan from a bank. Some of the concepts would be important to both parties, while others would be more important to one than the other.
Cash Flow
This would be important to both parties. The business, to make sure they have enough cash flow to pay for the financing. And the financiers, for the same reason.
Ratio Analysis
This would be important to both parties for the same reason as above. Especially the "current ratio" (current assets / current liabilities) and the "working capital" ratio (current assets - current liabilities).
Financial Statements
This would be of most importance to the financiers. They would want to see the total picture of a company's financial strength.
Time Value of Money
This would be of most importance to the company itself. They would want to know if the project was worth the total amount they would be paying on the bonds or the loan
Answer:
d. Revenue of $375
Explanation:
The amount paid by the Vetmed associates is an expense for associates
The amount received by statisticians is a revenue for them
Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue
Mackie's income statement would include a revenue of:
= Amount paid to statisticians * % Received
= $1,500 * 25%
= $375
Answer:
<u>projects</u>
Explanation:
Remember, among the 'Project selection' stage is the first stage of the Project Process Stages. This stage typically involves examining each project and then determining which is of utmost importance.
Rather than trying to run every uncompleted project with the limited resources available which may affect the status of other projects, it is better to select the project that is most beneficial and that is feasible to complete within the stipulated deadline.
