A local Division of Motor Vehicles (DMV) is concerned with its waiting line system. Currently, the DMV uses a single-server, single-line, single-phase system when processing license renewals. Based on historical evidence, the average number of customers arriving per hour is 9 and is described by a Poisson distribution. The service rate is 12 customers per hour with the service times following an exponential distribution. The customers are patient and come from an infinite population. The manager of the DMV would like you to calculate the operational characteristics of the waiting line

What is the probability that there are 2 customers in the system.
​ ​ ​ ​ ​ ​ ​

1. The following sample observations were randomly selected (numbers may be different from previous problems):

What is the predicted value of Y when X=7?

Select one:

a. 7.47

b. 26.73

c. -22.53

d. 6.31

2. A business is evaluating their advertising budget, and wishes to determine the relationship between advertising dollars spent and changes in revenue. They have compiled the information in the table below, and want to perform regression.

What is the independent data?

Select one:

a. Weekly Revenue

b. TV Advertising

c. Radio Advertising

d. Newspaper Advertising

e. All Advertising

3. The following sample observations were randomly selected (numbers may be different from previous problems):

What is the y-intercept of the regression equation?

Select one:

a. 3.38

b. 7.00

c. 5.80

d. 5.30

3. (LESSOR ENTRIES FOR FINANCING LEASE WITH A GUARANTEED RESIDUAL)

The following facts pertain to a non-cancelable lease agreement between Ace Leasing Company and King Company, a lessee.

Commencement of Lease Date January 1, 2020

Annual lease payment due at the beginning of the year beginning with January 1, 2020 $137,171

Residual value of equipment at end of lease term, guaranteed by lessee $54,000

Book Value of Lease Equipment on LESSOR books $500,000

Lease term 6 years

Economic life of leased equipment 7 years

Fair Value of asset at January 1, 2020 $659,000

Lessor’s Implicit Rate 12% Lessee’s incremental borrowing rate 12%

The asset will revert to the lessor at the end of the lease term. You examined this lease from the Lessee prospective in problem #1. Based on the tests you found it was a financing lease. In this problem you will complete the LESSOR entries. You do not need to redo the tests – it is still a financing lease with a guaranteed residual

A. Prepare the entry on the Lessor’s book to record this Lease on 1/1/2020. You will need to compute the Lease Receivable debit, the CGS debit, the Equipment credit and the Sale Revenue credit to complete the entry.

B. Complete the entry to receive the first rental payment on 1/1/2020.

C. Prepare the interest revenue amortization schedule for the first two years and prepare the interest revenue entry for 12/31/2020.

Krishna only spends his money on clothes, c, and food, f. His utility function is quasilinear: U(f, c) = 10ln(f) + c. His income is $2000 per month. The price of clothes is $10 while the price of food is $5.

1. Derive his demand function for clothes and food. Given the prices and income, state quantity demanded of clothes and food.

2. Due to a new free trade agreement, the price of clothes falls to $5. What is the new quantity demanded of clothes and food? Are they substitutes or complements?

3. The price of both goods remain at $5 onwards. The economy is not doing well, and Krishna got a cut of 20% on his income. What is the quantity demanded of clothes and food after the paycheck cut? Do they change or remain the same? Why?

4. Draw Engel curve for food and clothes.

5. The government needs to raise tax revenues. It is debating between 3 options: 1) income tax of 20 %, 2) revenue-equivalent of quantity tax of tf on food, or 3) revenue-equivalent of quantity tax of tc on clothes. Find tf and tc that would raise the same amount of revenue with the income tax from Krishna?

6. Under which tax scheme would Krishna be the most well-off? Explain why in 2-3 sentences.

Sutton Pond, Inc.'s, unadjusted and adjusted trial balances at June 30, 2016, follow. Requirements 1. Make the adjusting entries that account for the differences between the two trial balances. 2. Compute Sutton Pond Rentals' total assets, total liabilities, net income, and total equity. Sutton Pond, Inc.'s Trial Balance Sheet June 30, 2016 Trial Balance Adjusted Trial Balance Account Debit Credit Debit Credit Cash $ 8,300 $ 8,300 Accounts receivable 6,800 6,840 Interest receivable 700 Note receivable 4,800 4,800 Supplies 1,800 500 Prepaid Insurance 2,900 2,000 Building 68,000 68,000 Accumulated Depreciation (Building) $ 7,800 $ 9,300 Accounts payable 6,900 6,900 Wages payable 870 Unearned Rental Revenue 1,500 1,000 Common Stock 15,000 15,000 Retained Earnings 41,000 41,000 Dividends 4,000 4,000 Rental Revenue 25,100 25,640 Interest Revenue 1,000 1,700 Depreciation (Building) 1,500 Supplies Expense 1,300 Utilities Expense 300 300 Wage Expense 1,000 1,870 Property Tax Expense 400 400 Insurance Expense _____ ______ 900 _____ Total $ 98,300 $ 98,300 $ 101,410 $ 101,410 Please solve asap. Thank you so much. Having each step explained would be most helpful as well.

On July 1, 2018, Gupta Corporation bought 30% of the outstanding common stock of VB Company for $170 million cash. At the date of acquisition of the stock, VB’s net assets had a total fair value of $490 million and a book value of $220 million. Of the $270 million difference, $50 million was attributable to the appreciated value of inventory that was sold during the last half of 2018, $160 million was attributable to buildings that had a remaining depreciable life of 10 years, and $60 million related to equipment that had a remaining depreciable life of 5 years. Between July 1, 2018, and December 31, 2018, VB earned net income of $60 million and declared and paid cash dividends of $50 million.

Required:
1. Prepare all appropriate journal entries related to the investment during 2018, assuming Gupta accounts for this investment by the equity method.
2. Determine the amounts to be reported by Gupta. (amounts in millions)

Burger Dome sells hamburgers, cheeseburgers, French fries, soft drinks, and milk shakes, as well as a limited number of specialty items and dessert selections. Although Burger Dome would like to serve each customer immediately, at times more customers arrive than can be handled by the Burger Dome food service staff. Thus, customers wait in line to place and receive their orders. Suppose that Burger Dome analyzed data on customer arrivals and concluded that the arrival rate is 21 customers per hour and 1 customer processed per minute.

Compare a multiple-server waiting line system with a shared queue to a multiple-server waiting line system with a dedicated queue for each server. Suppose Burger Dome establishes two servers but arranges the restaurant layout so that an arriving customer must decide which server's queue to join. Assume that this system equally splits the customer arrivals so that each server sees half of the customers. How does this system compare with the two-server waiting line system with a shared queue? Compare the average number of customers waiting, average number of customers in the system, average waiting time, and average time in the system. If required, round your answers to four decimal places.

Shared single queue ///////////Dedicated queues

Number of customers waiting

Average number of customers in the system

Average waiting time minutes minutes

Average time in the system minutes minutes

Comparing these numbers, it is clear that the shared single queue results in better process performance than the two dedicated queues . True or False?

In the B2B market is Boeing. Boeing makes airplanes for companies to fly. In the B2B market they have close relationships with a few customers, and they don’t need to spend money on marketing tactics. The forecasting approach that I believe would be most appropriate for use in developing a marketing plan would be sales force composite. Sales force composite would be the best forecasting method because the salespeople know their customers best. Additionally, this forecasting method is very fast and cheap which for B2B customers there does not need to be marketing tactics because they deal with a few customers and base their selling on relationships. The forecasting approaches that I believe would be least appropriate would be the Delphi Method. This method would use questionnaires and it takes a lot of time. For forecasting a marketing plan using expert would be the least appropriate for B2B market.

In the B2C market is McDonalds. McDonalds provides food directly for its customers. McDonalds services many customers a day, they use mass communication and spend a lot of money on marketing tactics. The forecasting approach that I believe would be most appropriate for use in developing a marketing plan would be market survey. You would be able to figure out what customers are looking for and plan on buying. Desirable product features may also be discovered. The forecasting approaches that I believe would be least appropriate would be sales force composite. The reason why this would be least appropriate is because this forecasting method is based on relationship building and is best for a handful of customers vs thousands in which McDonalds has.

Please respond in 100-150 words

A local bank has two branches, one in Standish and the other in Limerick. To determine whether the wait time at the drive-through was different for the branches, the director of the bank had the manager at each branch use security camera footage to randomly select 40 customers who used the drive-through and to determine the wait time. The average wait time for the sample for the Standish branch was 93.12 seconds with a standard deviation of 14.65 seconds. The average wait time for the sample for the Limerick branch was 107.36 seconds with a standard deviation of 16.14 seconds. Let μ1 be the population mean wait time for drive-through customers at the Standish branch, and let μ2 be the population mean wait time for drive-through customers at the Limerick branch. The alternative hypothesis for this test is Ha:μ1−μ2≠0. Assume that the population standard deviations of the wait time for the two branches are equal. If the p-value of the hypothesis test is less than 0.01 and the significance level is α=0.10, what conclusion could be made about the population mean wait times for customers at the two branches?

Select all that apply:

A) Reject the null hypothesis.

B) Fail to reject the null hypothesis.

C) The conclusion of the hypothesis test is that there is sufficient evidence to suggest that the population mean wait time for customers at the Standish branch is different than the population mean wait time for customers at the Limerick branch.

D) The conclusion of the hypothesis test is that there is insufficient evidence to suggest that the population mean wait time for customers at the Standish branch is different than the population mean wait time for customers at the Limerick branch.

NEED Answer for Dedicated Queues please!

Problem 15-25

Burger Dome sells hamburgers, cheeseburgers, French fries, soft drinks, and milk shakes, as well as a limited number of specialty items and dessert selections. Although Burger Dome would like to serve each customer immediately, at times more customers arrive than can be handled by the Burger Dome food service staff. Thus, customers wait in line to place and receive their orders. Suppose that Burger Dome analyzed data on customer arrivals and concluded that the arrival rate is 45 customers per hour and 1 customer processed per minute.

Compare a multiple-server waiting line system with a shared queue to a multiple-server waiting line system with a dedicated queue for each server. Suppose Burger Dome establishes two servers but arranges the restaurant layout so that an arriving customer must decide which server's queue to join. Assume that this system equally splits the customer arrivals so that each server sees half of the customers. How does this system compare with the two-server waiting line system with a shared queue? Compare the average number of customers waiting, average number of customers in the system, average waiting time, and average time in the system.

If required, round your answers to four decimal places.