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spin [16.1K]
3 years ago
14

Employees arrive at a cafeteria according to a Poisson process at an average rate of 30 employees per hour. The probability that

after one employee arrives, the next one will arrive at least 3 minutes later is _________.
a. 0.223
b. 0.202
c. 0.183
d. 0.162
e. 0.143
Business
1 answer:
Juliette [100K]3 years ago
6 0

Answer:

a. 0.223

Explanation:

Calculation for the Probability that after one employee arrives, the next one will arrive at least 3 minutes

Since no one comes in 3 minutes,hence:

3minutes/60 =1/20 hours

Thus, the Probability will be calculated as:

Probability=e^20/30

Probability=0.223

Therefore the Probability that after one employee arrives, the next one will arrive at least 3 minutes will be 0.223

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Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.)
Morgarella [4.7K]

Answer:

a. $205,236

b. $24,888

Explanation:

a. The computation of OCF is shown below:-

EBIT = Sales - Cost - Depreciation

= $668,600 - $431,300 - $103,700

= $133,600

Net income = EBIT - Taxes

= $133,600 - ($133,600 × 24%)

= $133,600 - $32,064

= $101,536

Operating cash flow = EBIT - Taxes + Depreciation

= $133,600 - $32,064 + $103,700

= $205,236

b. The computation of depreciation tax shield is shown below:-

Depreciation tax shield = Depreciation × Tax

= $103,700 × 24%

= $24,888

4 0
4 years ago
You are considering the purchase of a ​$ par value bond with a coupon rate of ​% ​(with interest paid​ semiannually) that mature
lilavasa [31]

Answer:

$885.65

Explanation:

Missing word <em>"You are considering the purchase of a $1,000 par value bond with an 6.5% coupon rate (with interest paid semiannually) that matures in 12 years. If the bond is priced to provide a required return of 8%, what is the bond’s current price?"</em>

<em />

Rate = 8% / 2

Nper = 12 * 2 = 24

Pmt = 1,000 * 6.5% / 2  = 32.5

FV = 1,000

​Bond's current​ price = PV(rate, nper, pmt, fv)

​Bond's current​ price = PV(8%/2, 24. 32.5, 1000)

​Bond's current​ price = $885.65

So, the​ bond's current​ price is $885.65

8 0
3 years ago
Landmark Corp. buys $460,000 of Schroeter Company's 6%, 5-year bonds payable, at par value on September 1. Interest payments are
stira [4]

Answer:

g

Explanation:

6 0
4 years ago
Amy, a baker, has found her dream home, but cannot afford the down payment. amy's brother agrees to loan her $30,000 for the dow
MA_775_DIABLO [31]

She wouldn't owe her brother any money because an agreement to accept different performance in lieu of full payment of liquidated debt is binding.

Hopefully it helps.

4 0
3 years ago
The Blooming Flower Co. has earnings of $3.68 per share. a. If the benchmark PE for the company is 18, how much will you pay for
Naddik [55]

Answer:

a) $66.24

b) $77.28

Explanation:

The price to earnings ratio (PE ratio) is a valuation used by investors to determine if a stock is overvalued or undervalued.

Payment for stock is the product of Benchmark PR ratio and earnings per share.

Given that the earnings per share is $3.68 per share

a)  If the benchmark PE for the company is 18

Payment for stock = Benchmark PR ratio × earnings per share = 18 × $3.68 per share = $66.24

a)  If the benchmark PE for the company is 21

Payment for stock = Benchmark PR ratio × earnings per share = 21 × $3.68 per share = $77.28

5 0
3 years ago
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