Answer:
1. The rate, at which the students are entering the process is 4.5 students per minute.
2. On average a student spends 4 minutes on the cafeteria line.
Explanation:
- 5 students enters the cafeteria per minutes.
10% of students does not enter the line.
therefore, percentage of students entering the line will be 100-10 = 90%.
The rate at which students enters the line will be 90% of overall students entering the cafeteria per minute:
× 5 (
= 4.5
2. The average time spend by a student on the line will be:
the time rate of a student entering the line, which is the inverse of the rate of students entering the line : 
× the number of students waiting on the line, which is 18.
⇒ × 18 = 4 minutes.
True - The tomato exhibits characteristics of a perfectly competitive market. Firstly, it is made up of many buyers and sellers. Secondly, all firms that partake in the trade do not control the market. Instead, they are price takers. As such, they sell tomatoes according to the prevailing market prices per unit of tomatoes. All firms also have a relatively small market share.
Answer:
he best course of action for Acme to take would be to produce the 1,000,000 products as the accountants have stated
Explanation:
Based on the information provided, the best course of action for Acme to take would be to produce the 1,000,000 products as the accountants have stated. From solely taking into account the fixed costs of producing the products, if the company were to produce the desired amount and sell them they would recover a total of 8,000,000 from the costs that they have incurred in Research & Development. This is not taking into account the variable costs that may be incurred, still, they recover much of what they have already spent.
Answer:
Option A net worth -215,906.03
Option B net worth -210, 159.75
It is a better deal to use the machine through lease than purchase it as the net worth is lower.
Explanation:
Purchase the machine:
-164,000 purchase cost
PV of the maintenance cost
C -9,000.00
time 10
rate 0.08
PV -$60,390.7326
PV of the salvage value
Maturity 14,000.00
time 10.00
rate 0.08000
PV 6,484.7088
<em>net worth: </em>
-162,000 - 60,390.73 + 6,484.70 = -215,906.03
PV of the lease: (annuity-due)
C 29,000.00
time 10
rate 0.08
PV $210,159.7494
