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Store is a small facility that sells all sorts of supplies, snacks, etc. It has one checkout counter where one employee operates the cash register. Once customers select their items for purchase, they line up at the counter in a first-come-first-served basis to pay for their selections.
You monitored the store for a few days and found that customers arrive on the waiting line to pay for the selections at an average of 24 customers per hour (assume Poisson distribution) and the cashier seems to be able to serve an average of 30 customers per hour (assuming exponential distribution).
The owner of the store has hired you to answer the following questions: How much time in total will the cashier be idle?
How many customers on average are waiting in line to pay?
What is the average amount of time a customer is waiting in line?
What is the probability a customer will have to wait in the line before being able to pay?
On January 1, 2008, Jonsey Corporation purchased 30% of the common stock outstanding of Karsen Corporation for $200,000. During 2008, Karsen Corporation reported net income of $80,000 and paid cash dividends of $40,000.
Famer Frank's produces items from local farm products and distributes them to supermarkets. Over the years, price competition has become increasingly important, so Susan Kramer, the company's controller, is planning to implement a standard cost sy..
A Milwaukee television station, WITI-TV, conducted a telephone call-in survey asking whether viewers liked the new newspaper, the Journal Sentinel.
On January 1, 2005, Smith Graphics, Inc., a product-labeling and graphics firm, borrowed $300,000 cash from First BancCorp and issued a five-year, 8% promissory note. The note requires annual interest payments each December 31.
Calculate the industry average beta for Dell, and then using the industry average beta compute the cost of equity for Dell. Does it matter if you use the beta for Dell or the beta for the industry in this case?
Construct a frequency distribution for Payment method
Paid dividend of $2 per share. Expected to grow at a constant rate of 5% per year, and investors require a 15% rate of return on the stock. What is the stocks value?
A company, sells and repairs old bicycles and parts for replacement. Sell reconstructed pictures at a unit price of $ 50. The fixed cost of equipment for re construction of the tables is $ 500.
What are the ramifications to the firm to which you are most closely aligned or are analyzing if one or more of your projections/forecasts do not hold true?
Would you please show us the calculation of following problem for breakeven point below? Suppose that a company has fixed costs of $150,000 and variable costs of $7.5 per unit. What is the break-even point if the selling price is $12.5 per unit?
Review your organization Toyota and its treatment of allocated costs. Retrieve any report in the organization that allocates common costs to a division, product, or service. Recast that report with unallocated costs and comment on the usefulness o..
Doug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship.
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