Answer:
(a) 3.2
(b) 10 minutes
(c) 0.8
Explanation:
Mean number of customer in service:
= Arrival rate ÷ service rate
= 24 in 60 min ÷ 30 in 60 min
= 24 ÷ 30
= 0.8
a) Average number of people in line:
= (Mean number of customer in service × arrival rate) ÷ (Service rate - arrival rate)
= 0.8 × (24 ÷ 6
)
= 3.2
b) Average time spend at the ticket office is = 10 minutes
c) Proportion of time server is busy:
= Arrival rate ÷ service rate
= (24 in 60 min ÷ 30 in 60 min)
= 24 ÷ 30
= 0.8
Answer:
- $88,000 gain in dollars
- €0 gain (loss) in Euros
Explanation:
Last year, the value of the inventory in dollars was;
= 440,000 * 1.12
= $492,800
This year with the new exchange rate this value has gone to;
= 440,000 * 1.32
= $580,800
The Gain (loss) in dollars is;
= Current value - Last year value
= 580,800 - 492,800
= $88,000
The value of the Euro both last year and this year is still €440,000 so the change is gain is €0.
The journey of a manufactured goods from its raw materials
to a consumer’s hands is its marketing channel. The initial step in scheming a
marketing channel is recognizing what the target consumer necessitates. Getting
this step right is critical, or you’ll wind up with a mound of unsold goods.
Market research is a complicated industry, but with the correct implements and direction,
you can make a high-demand good that essentially sells itself.
Answer:
Governments can assist in this area by encouraging local banks to work with start-ups and small business by providing loans or investment. Government can offer state loans that target small-business, start-ups or female entrepreneurs. These are incentives that encourage entrepreneurship within the ecosystem.
Government can also decide to educate and train new and upcoming entrepreneur
Explanation:
Answer:
Real cost of the tv= $1104
Explanation:
Giving the following information:
You can buy a TV now, and wait a year to pay (with no interest).
So, if you take home a $ 1,150 TV today, you will owe them $ 1,150 in one year.
Your bank is offering 4 % interest, you can lend the $1,150 to the bank and profit from the interest generated.
We need to use the following formula:
FV= PV*(1+i)^n
FV= Final value
PV= present value
i= interest rate
n= number of years
FV= 1150*(1.04)^1= $1196
Real cost of the tv= 1150- 46= $1104
