Answer:
The optimum maintenance crew size is 2 workers.
Explanation:
M/M/1 model for all: -
With one worker: λ= 3 per hour.
µ= 5 per hour.
Average number in system = λ/µ-λ =
= 1.5.
- With two workers: λ= 3 per hour µ= 7 per hour.
Average number in system = λ/µ-λ−=
=0.75.
- With three workers: λ= 3 per hour, µ= 8 per hour.
Average number in system = λ/µ-λ−=
=0.6.
# workers λ µ (ns) ($25*(ns)) ($4*(no.of workers) Total cost
1 3 5 1.5 37.50 4 $41.50
2 3 7 0.75 18.75 8 $26.75
3 3 8 0.6 15 12 $27.00
The optimum maintenance crew size is 2 workers.
Answer:
Explanation:
high earnings, recognition, and job security.
Answer:
True
Explanation:
The absorption basis of income, profits are always high when the production is greater than income because more fixed costs will have been deferred in closing inventory.
So, managers will focus more on increasing production which create huge balances of closing stocks and consequently results in large profits.
Answer:
5.6%
Explanation:
Internal growth rate can be calculated as below:
Internal growth rate = (Return on asset x Retention Rate)/[1 - (Return on asset x Retention Rate)]
Retention rate = 1 - Payout ratio = 1 - 30% = 70%
Return on asset = Net income/Asset = 82,490/1,089,500 = 7.6%
Putting all the number together, we have:
Sustainable growth rate = (7.6% x 70%)/[1 - (7.6% x 70%)] = 5.6%
Answer:
Therefore I can borrow $19646.12 from E-Loan.
The interest I will pay for the loan is $1,857.88.
Explanation:
The formula of present value is
PMT = The monthly payment = $448
i= Rate of interest per period 
n = The number of month = 48 months
Therefore
≈$19646.12
Therefore I can borrow $19646.12 from E-Loan.
The interest = Paid amount - Loan amount
=$[(448×48)-19646.12]
=$1,857.88
The interest I will pay for the loan is $1,857.88.
