A firm has a single-channel service station with the following
empirical data available to its management.
i) The mean arround rate is 6.2 minutes
ii) The mean service time is 5.5 minutes
iii) The arrival and service time probability distributions are as
follows:
Arrivals (
Minutes)
Probability
Service Time
(Minutes)
Probability
3-4
.05
3-4
.10
4-5
.20
4-5
.20
5-6
.35
5-6
.40
6-7
.25
6-7
.20
7-8
.10
7-8
.10
8-9
.05
8-9
.00
Total
1.00 1.00
The queuing process begins at 10:00 am proceeds for nearly 2 hours. An arrival goes to the service facility immediately; if it is empty otherwise it will wait in a queue. The queue. The queue discipline is first come first served. If the attendant's wages are K10,000 per hour and the customer's waiting time cost K11,000 per hour, would it be an economical proposition to engage second attendant?
In: Operations Management
Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2018, and the principal and interest are due at maturity. For each, determine the proceeds received from the bank on discounting the note. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
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In: Accounting
Differentiate between representative and non-representative testing. What client actors determine which is most appropriate in planning audit procedures?
In: Finance
Distinguish between statistical and non-statistical sampling. And explain each of them
In: Finance
How extroversion, agreeableness, emotional stability, openness, and contentiousness differentiate leader from non-leader. Explain each with an example.
In: Operations Management
The following information was taken from the financial statements of Lefton corporation: Accounts receivable 2018: $25,000 2017: $18,500 Inventory 2018: $33,000 2017; $46000 Fixed assets (net) 2018: $120,000 2017: $100,000 Accounts payable 2018: $65000 2017: $70,000 Net sales: 2018: $375,000 2017: $425,000 Cost of goods sold 2018: $150,000 2017: $200,000 Net income 2018: $56,000 2017:$40000 # shares issued 2018: 80,000 2017: 80,000 # shares in treasury stock 2018:10,000 2017:20,000 Calculate the following ratios for 2018: Fixed asset turnover Inventory turnover Receivable turnover Accounts payable turnover Earnings per share.
In: Accounting
Questions;
The futures market is referred to as an auction market, whereby producers and suppliers of commodities endeavour to avoid market volatility; in other words, producers and suppliers negotiate contracts with an investor who agrees to take on probable risk and reward, based on the expected volatility of the market.
Question 1
Critically discuss the theoretical concept of futures contracts as a risk management tool, used by any would be investor to decrease future risk exposure or market volatility. . Please state references and use APA Citations lastest version
In: Finance
You have just been appointed to the post of Surgeon General of the United States. The President wants you to develop an advertising campaign called, “A healthy America by the year 2021” that encourages Americans to lead a healthier lifestyle.
What types of behaviors would you try to influence? Why? And how would you influence these behaviors?
Feel free to conduct an online search on the topic to collect materials for your answer. Provide those citations in your answer and articulate your argument with facts rather than emotion.
In: Nursing
Module 08 Written Assignment - Fluid Imbalances
Your written assignment for this module should be a 1-2 page paper (not including title page and reference page) that describes the following:
Describe what a fluid and electrolyte imbalance is and how this is important to the function of the body?
Pick a fluid or electrolyte imbalance and describe how the patient would present, in addition to the treatment (nursing and expected medical)?
You should include a minimum of 3 scholarly references. Include a title page, in-text citations, and a reference page in APA format.
In: Nursing
Design a lesson plan for your school (or workplace) that teaches students (or employees) about different cultures. At a minimum, include the following categories in your lesson plan: Objectives, Procedures, Reading Assignments, Materials, and Assessment. In addition, attach an assessment that you will use to determine if the students (or employees) learned from your lesson. There is a lesson plan template you may use located in course resources. Your lesson plan must be entirely original. Please provide title page, citations, and reference page for this assignment.
In: Economics