3. Based on data that was collected over the past several months, the average time between arrivals to the Emergency Room on a Monday between the hours of 7am to 7pm is 35min. Emergencies occur at random, and hence the arrival of patients to the Emergency Room follows a purely random process.
   1. What probability distribution would you use to model the time between patient arrivals?
   2. Suppose a patient just arrived, what is the probability the next patient will arrive in less than 20 minutes?
   3. If the expected time between arrivals is 35min, what is the hourly expected rate of arrivals?
   4. What is the probability there will be three or less arrivals in the next hour?

Three rotating masses A = 7 kg, B = 12 kg, and C = 11 kg, are attached to a shaft with their centres of gravity at 25 mm, 55 mm and 35 mm respectively from the shaft axis. The angular positions of B and C from A are respectively 90^o and 150^o measured in the same direction. The distance between the planes of rotation of A and B is 1.75 m and between B and C is 2

m in the same direction.

Determine the magnitudes and angular positions with respect to A of two balance masses, each with its centre of gravity at 35

mm from the shaft axis, to be attached in planes midway between A and B and between B and C.

[The following information applies to the questions displayed below.]

Three different companies each purchased trucks on January 1, Year 1, for $50,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 66,000 miles in Year 1, 42,000 miles in Year 2, 40,000 miles in Year 3, and 60,000 miles in Year 4. Each of the three companies earned $40,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation.

Answer each of the following questions. Ignore the effects of income taxes.

b-1. Calculate the net income for Year 4.
b-2. Which company will report the lowest amount of net income for Year 4?

Which company will report the lowest amount of net income for year 4?

dministrative Expense Budget

Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to residential customers in the tri-city area. Green Earth has no variable administrative expense. Fixed administrative expenses for June, July, and August include:

Required:

1. Construct an administrative expense budget for Green Earth Landscaping Company for the three summer months. Show total amounts by month and in total for the three-month period.

2. What if Green Earth Landscaping Company's insurance rates increased at the beginning of July to $3,000 per month? How would that affect monthly administrative expense?

Total monthly administrative cost would   by $.

1. Assess AnswerDash’s current go to market approach, including customer selection, pricing, communication, and sales effort. Which aspects do you like and which ones you do not like?

2. Based on the current pricing model, what is the life time value of a customer to AnswerDash? (Make reasonable assumptions as needed)

3. What is your view on the three primary options AnswerDash is contemplating going forward? Which would you recommend the company pursue?

4. For the strategic option you support, commuincate a complete marketing strategy plan, including which companies to target, how to position the value proposition, how to sell to an organization, and what pricing model/format to follow.

5. What would yo consider success of your recommended marketing approach three years down the road? How many customers do you expect AnswerDash to have and what annual revenues/profits do you anticipate?

1. What is the primary function of finance companies? How do finance companies differ from depository institutions?

2. What are the three major types of finance companies? To which market segments do each of these types of companies provide service?

3. What are the three major types of finance companies? To which market segments do each of these types of companies provide service?

4. What are the major types of consumer loans? Why are the rates charged by consumer finance companies typically higher than those charged by commercial banks?

5. Why have home equity loans become popular? What are securitized mortgage assets?

6. What advantages do finance companies have over commercial banks in offering services to small business customers? What are the major subcategories of business loans?

Which category is the largest?

7. What have been the primary sources of financing for finance companies?  

A company hopes to improve customer satisfaction, setting as a goal no more than 5% negative comments. A random survey of 350 customers found only 10 with complaints. Does this provide evidence that the company has reached its goal of getting less than 5% negative comments?

a) What is the sample statistic? Use correct notation. Round to three decimal places.

b) Write the null and alternative hypothesis. (Hint: The null is 5% or 0.05. Also, think carefully about the inequality in your alternative.)

c) Find the test statistic, z. Round to two decimal places. Show your work.

d) What is the p-value? Use Statkey or your TI-84 calculator to find the p-value. Round to three decimal places if necessary.

e) At a 5% significance level, will you reject or fail to reject H₀?

f) Write your conclusion in context.

) Hector Gonzales runs the Floral Art Company, which supplies floral arrangements to three large supermarket chains throughout Australia. Management has become concerned about the rising costs associated with the process and dispatch of orders. An activity analysis of the indirect costs identified the following customer-related costs.

Required:

1. Assign the activity costs to each of the three customers

Ram furnitures produces chairs and tables in accordance with job orders from customers. Given below are the details of a recent order.                                                                                                                                        

Number of chairs in the job order               70                                                                                    

Unit cost per chair (Breakup given below)               $95.00                                                                            

DM cost               $40.00                                                                            

DL cost $35.00                                                                            

Manufacturing overhead cost      $20.00                                                                            

The manufacturing overhead cost per chair (given above) includes a provision for normal spoilage.

6 chairs were found to be below acceptable quality and sold to a scrap dealer for $12          per chair

Prepare the appropriate journal entries for spoilage for the three independent cases given below. Also calculate the average cost of one good unit of chair in the job order for each of the three cases.                                                                                                                                           

a) The rejection due to unacceptable quality is considered as abnormal spoilage                                  

b) The rejection is considered normal and the rejection is attributable to the exacting specifications of this job

c) The rejection is considered normal and the rejection is not attributable to this job and is a characteristic of the production process