Profit is the difference between revenue and expenses? * True /False

A car repair shop has two hoists where cars can be lifted for repair work. Currently customers come in at the rate of 4 per hour

Agata [3.3K]

Answer:

The Cars wait an average of 1.67 hours before being served at routine repairs.

The Cars wait an average of 3 hours before being served at major repairs.

Explanation:

At the routine repair hoist, 5 people waiting on average hence the Inventory (I) = 5 cars. The cars are processed at a rate of 3 per hour, hence the Throughput (R) = 3 cars per hour.

Therefore the Flow time (T) = I/R = 5/3 = 1.67 hours.

The Cars wait an average of 1.67 hours before being served at routine repairs.

At the major repair hoist, 3 people waiting on average hence the Inventory (I) = 3 cars. The cars are processed at a rate of 1 per hour, hence the Throughput (R) = 1 cars per hour.

Therefore the Flow time (T) = I/R = 3/1 = 3 hours.

The Cars wait an average of 3 hours before being served at major repairs.

5 0

3 years ago

When marketers combine traditional marketing communications (advertising, sales promotion, public relations, and direct mark

Ray Of Light [21]

Answer:

(A). Multichannel promotion strategy

Explanation:

A multi-channel promotion strategy is one used by marketers to reach as many customers (either existing or potential) as possible.

It involves combining various channels of communications to reach a wider audience wherever they are.

In this method, traditional marketing communications may be combined with social media or other forms of digital communications.

4 0

4 years ago

What is the income effect?

Daniel [21]

The change in consumption resulting from a change in real income !
Give thanks if correct!

6 0

3 years ago

Read 2 more answers

The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers $ 380,000 Interest

kvasek [131]

Answer:

Statement of cash flows for the year ended 2018

Cash flow from Operating Activities

Cash Receipts from Customers $ 380,000

Cash Paid to Suppliers and Employees ($250,000)

Cash Generated from Operations $130,000

Interest on note payable ($5,000)

Net Cash from Operating Activities $125,000

Cash flow from Investing Activities

Interest on note receivable $ 6,000

Principal on note receivable $ 50,000

Sale of investments $ 30,000

Purchase of equipment ($85,000)

Net Cash from Investing Activities $1,000

Cash flow from Financing Activities

Proceeds from note payable $100,000

Principal on note payable ($25,000)

Dividends Paid ($20,000)

Net Cash from Financing Activities $55,000

Movement in Cash and Cash Equivalents $151,000

Beginning Cash and Cash Equivalents $17,000

Ending Cash and Cash Equivalents $168,000

Explanation:

The Direct Method Include only the Cash receipts from customers and Cash payments to suppliers and employees in the calculation of cash generated from operations under the Cash flow from Operating Activity Section of the Statement.

Calculation of Cash Paid to Suppliers and Employees

Purchase of inventory $160,000

Salaries to employees $90,000

Cash Paid to Suppliers and Employees $250,000

4 0

3 years ago

Blake is seeking to buy a mare that he can breed. Levi tells Blake about a horse that Levi wants to sell, stating that he (Levi)

kondaur [170]

Answer and Explanation:

From the following given case or scenario, we can state that Blake's lawsuit in order to rescind contract, it is more likely that the court might allow this rescission which was based on the mistake of the fact. Here, in this particular case the fact being that Levi did not provide Blake with the correct facts and thus the transaction was based on wrong fact. Therefore, a rescission is more likely to happen.

3 0

3 years ago

Profit is the difference between revenue and expenses? * True /False​

Profit is the difference between revenue and expenses? * True /False