Pete's Market is a small local grocery store with only one checkout counter. Assume that shoppers arrive at the checkout lane according to a Poisson probability distribution, with an arrival rate of 16 customers per hour. The checkout service times follow an exponential probability distribution, with a service rate of 20 customers per hour. The manager’s service goal is to limit the waiting time prior to beginning the checkout process to no more than five minutes. Also the manager of Pete's Market wants to consider one of the following alternatives for improving service. Calculate the value of Wq for each alternative.
In: Statistics and Probability
Pete's Market is a small local grocery store with only one checkout counter. Assume that shoppers arrive at the checkout lane according to a Poisson probability distribution, with an arrival rate of 13 customers per hour. The checkout service times follow an exponential probability distribution, with a service rate of 20 customers per hour. The manager’s service goal is to limit the waiting time prior to beginning the checkout process to no more than five minutes. Also the manager of Pete's Market wants to consider one of the following alternatives for improving service. Calculate the value of Wq for each alternative.
In: Statistics and Probability
Fantastic Styling Salon is run by three stylists, Jenny Perez, Jill Sloan, and Jerry Tiller, each capable of serving five customers per hour, on average. Use POM for Windows or OM Explorer to answer the following questions:
Note: During busy periods of the day, when nine customers on average arrive per hour, all three stylists are on staff.
a. If all customers wait in a common line for the next available stylist, how long would a customer wait in line, on average, before being served?
b. Suppose that each customer wants to be served by a specific stylist, 1/3 want Perez, 1/3 want Sloan, 1/3 want Tiller. How long would a customer wait in line, on average, before being served?
c. If all customers wait in a common line for the next available stylist, how long would a customer wait in line, on average, before being served?
d. Suppose that each customer wants to be served by a specific stylist, 60% want Perez and 40% want Sloan. How long would a customer wait in line, on average, before being served by Perez? By Sloan? Overall?
I would really appreciate it if all work is shown! Thank you for your time.
In: Operations Management
Fantastic Styling Salon is run by three stylists, Jenny Perez, Jill Sloan, and Jerry Tiller, each capable of serving five customers per hour, on average. Use POM for Windows or OM Explorer to answer the following questions:
Note: During busy periods of the day, when nine customers on average arrive per hour, all three stylists are on staff.
a. If all customers wait in a common line for the next available stylist, how long would a customer wait in line, on average, before being served?
b. Suppose that each customer wants to be served by a specificstylist, 1/3 want Perez, 1/3 want Sloan, 1/3 want Tiller. How long would a customer wait in line, on average, before beingserved?
c. If all customers wait in a common line for the next available stylist, how long would a customer wait in line, onaverage, before being served?
d. Suppose that each customer wants to be served by a specificstylist, 60% want Perez and 40% want Sloan. How long would a customer wait in line, on average, before being served by Perez? By Sloan? Overall?
I would really appreciate it if all work is shown! Thank you for your time.
In: Operations Management
The market demand for hamburger is given by the equationQd=6-0.5P .
Derive the market demand schedule and the toral revenue if the price per hamburger takes the following values: $12, $10, $6, $6, $4, $2, $0. Marks 4
Using this information about demand and the total revenue, draw the demand and TR revenue curves. Marks 4
Use the point elasticity formula, compute the price elasticity of demand at each hamburger price and show the relationship between the price elasticity of demand and the total revenue for each price on the demand curve you have drawn. Marks 6
In: Economics
Takeover is a general and imprecise term referring to the transfer of control of a firm from one group of shareholders to another. This can occur through any one of three means: acquisitions, proxy contests, and going-private transactions. Discuss THREE (3) basic legal procedures that one firm can use to acquire another firm.
One important reason for an acquisition is that the combined firm may generate greater revenues than two separate firms. Increase in revenue may come from marketing gains, strategic benefits, and increase in market power. Briefly describe this revenue enhancement to the company.
In: Finance
Balance Sheet:
|
The following is the ending balances of accounts at June 30, 2017 for WorkBee Company.
Additional Information: 1. The accounts receivable account consists of the following:
2. The notes payable account consists of two notes of $50,000 each. One note is due on September 30, 2017, and the other is due on November 30, 2018. 3. The mortgage payable is payable in semiannual installments of $5,000 each plus interest. The next payment is due on October 31, 2017. Interest has been properly accrued and is included in accrued expenses. 4. Five hundred thousand shares of no par common stock are authorized, of which 200,000 shares have been issued and are outstanding. 5.The land account includes $50,000 representing the cost of the land on which the company's office building resides. The remaining $25,000 is the cost of land that the company is holding for investment purposes. 6.Deferred revenue will be recognized as revenue equally over the next two fiscal years. 7.The note payable is due in annual installments of $1,000 each. 8.Investments include $65,000 in Treasury bills purchased on November 30, 2016. The bills mature on January 30, 2018. The remaining $200,000 includes investments in marketable equity securities that the company intends to sell in the next year. 9.Prepaid expenses include $12,000 paid on December 31, 2016, for a two-year insurance plan on the assets. 10.Cash includes a $20,000 amount for compensating balance at the bank, and $50,000 cash put aside for sinking fund in support of a planned future bond issuance. Required: Prepare a well classified balance sheet for the WorkBee Company at June 30, 2017. |
In: Accounting
Develop a report that includes the following sections: (Use the required sections as headers in your report.) Section I: Overview Provide a general overview of QuickBooks. Make sure the overview provides the reader with a general understanding of the application, including costs, functionality and minimum system requirements. Section II: Transactional Processing and Data Management Describe how QuickBooks handles processing the accounting transactions and recording business activities for the revenue, expenditure and financing cycles. You should provide at least one detailed example of how one would record a specific accounting transaction/ business activity for each of the three transaction cycles below. Address the following questions in this section of the report. Revenue Cycle (Answer the following questions) How can you create and maintain customers? How can you create customer invoices? How can you apply customer payments? What reports can you run to provide you with information regarding your customers and their orders? Describe them. What reports can you run in order to provide you with information regarding key revenue cycle information - sales, accounts receivable, cash? Expenditure Cycle (Answer the following questions) How can you create and maintain vendors? How can you create and maintain inventory? How can you generate payments to vendors? What reports can you run to provide you with information regarding your vendors and your accounts payable? Describe them. What reports can you run in order to provide you with information regarding key expenditure cycle information – purchases, inventory, and cash? Financing Cycle (Answer the following questions) How can you create and maintain the chart of accounts? How can you post journal entries? What are the key financial statements that are available? Describe them. What are some key reports one can generate to measure the firm’s financial performance? Section III: Internal Controls How can QuickBooks enhance internal controls? How can you secure the system and files? What potential security weaknesses exist for QuickBooks? Section IV: Charts and Graphs How are visualizations formatted and used? What charts are available and how are charts created? What is a data diagram in QuickBooks?
In: Accounting
Hungryman Ltd. (HGL) is a manufacturer that has three frozen product lines; quiches, pies and sausage rolls sold to supermarkets, cafes, and online customers. The production manager oversees all three product lines and there are three supervisors who oversee production of each product line. The three product lines share the same manufacturing equipment for example, dough mixer, food processor, conveyor belt and oven.
Required:
If each product line is a cost object, classify the following cost items as direct or indirect cost.
Cardboard trays for packaging quiches only.
Salary of the graphics designer who prepares the online catalogue illustrations and layout. The graphics designer is under contract and paid an agreed fee for the work regardless of hours worked.
Fuel costs of vans used to deliver orders to customers.
Fees for annual service agreement for the conveyor belt. The fee is determined in advance, at the beginning of the year, and the amount is to be paid by the end of the first month of the accounting period.
Cost of flour, eggs, butter, cream and other ingredients used in the manufacture of the quiches.
In: Accounting
Rauschenberg Manufacturing is investigating which locations would best position its new plant relative to three important customers (located in cities A, B, and C). As shown in the table below, all three customers require multiple daily deliveries. Management limited the search for this plant to those three locations and compiled the following information:
|
Location |
Coordinates (miles) |
Deliveries per day |
|
A |
(300,300) |
5 |
|
B |
(500,200) |
3 |
|
C |
(300,100) |
6 |
a) Which of these three locations (A, B or C) yields the smallest total trael distance, based on Euclidean distances?
-Location ___ yields the shortest travel (transportation) distance of ________ miles. (Enter your response rounded to one decimal place).
b) Which of these locations is best, based on rectilinear distances?
-Location ___ is the best, yielding a travel (transportation) distance of _________ miles. (Enter your response as a whole number).
c) What are the coordinates of the center of gravity?
-The center of gravity is x * = _____ miles, y * = _____ miles. (Enter your response rounded to one decimal place).
Please show all work step-by-step.
In: Operations Management