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First Bailout Savings and Loan has one window open for payments of mortgages. The window opens at 9:00 a.m. and closes at 2:00 p.m. (a customer arriving before 2:00 p.m. will be served even if the time of service ends after 2:00 p.m.). The average arrival rate is 22 per hour, while the average service time is 2.5 minutes. One clerk at a cost of $15 per hour staffs the window. Customer waiting time has been a major concern to management. An hour of customer's waiting time (prior to and during service) is valued at $3. Management is considering three alternatives to minimize total hourly cost.
A. Do nothing. Continue on with the currently existing situation.
B. Expedite the service by adding another employee to the present window. This will increase the total cost of providing service to $25 per hour, but the service time will be reduced to 2.2222 minutes.
C. Open an additional window, at an additional cost of $18 per hour. The second window will have the same service rate as the first. Each window will have a separate line and the customers will join the shortest line. Complete the following table to quantitatively analyze the situation.
Oregon Transportation Inc. (OTI) has just signed a contract to purchase light rail cars from a manufacturer in Germany for euro 2,500,000. The purchase was made in June with payment due six months later in December. OTI is considering several hedging..
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. If Schenkel has 410,000 shares..
Draiman, Inc., has sales of $598,000, costs of $260,000, depreciation expense of $64,500, interest expense of $31,500, and a tax rate of 40 percent. The firm paid out $42,500 in cash dividends. (Enter your answer as directed, but do not round interme..
What has occurred with companys dividend payout, dividend yield, and dividend per share over the past three years - Do you have any explanations for what has occurred? How does your selected company's dividend payout, dividend yield, and dividend p..
there can be a good strategy with a bad product and a good product with a bad strategy and this can impact product or
Gross revenue of $1000000 is generated by a contractor under a production sharing agreement. if the cost recovery percent is 40%, what will be the contractor's cost recovery share?
The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $84.44. The variable cost per unit is $22.14, Poseidon Swim has average fixed costs per year of $5,685. Determine the degree of operating levera..
A municipal bond has 5 years until maturity and sells for $5,156. If the coupon rate on the bond is 5.88 percent, what is the yield to maturity? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
A portfolio is invested 26 percent in Stock G, 41 percent in Stock J, and 33 percent in Stock K. The expected returns on these stocks are 9 percent, 11.5 percent, and 16.9 percent, respectively. What is the portfolio’s expected return?
The stock price of Jenkins Co. is $53.90. Investors require a 13 percent rate of return on similar stocks. If the company plans to pay a dividend of $3.60 next year, what growth rate is expected for the company’s stock price?
What is the fundamental weakness of the GAP ratio as compared with GAP as a measure of interest rate risk?
A high current ratio suggests that the firm:
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