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aalyn [17]
1 year ago
7

A manager observes that on average, 5 students per minute enter the campus cafeteria. 10% of the students that enter the cafeter

ia see a long line and leave without entering the line. Given students are leaving before entering the process, the manager must determine the rate at which students are entering the process. On average, 18 students are waiting in line and we can assume that any student that enters the line will not leave.
1) I = _______

2) R = _______

3) On average how long does a student spend in the cafeteria line? Time measurement must be in minutes.
Business
1 answer:
Slav-nsk [51]1 year ago
5 0

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:

  1. 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:

\frac{90}{100} × 5 (\frac{students}{minute}

= 4.5  \frac{students}{minute}

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 : \frac{1}{4.5} × the number of students waiting on the line, which is 18.

⇒ \frac{1}{4.5} × 18 = 4 minutes.

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Four years ago, Saul invested $500. Three years ago, Trek invested $600. Today, these two investments are each worth $800. Assum
Tasya [4]

Answer:

A) One year ago, Saul's investment was worth less than Trek's investment. B)

Explanation:

Computation of Saul's Investment Rate of Interest

                                 A  =  P(1 + r)^t

Where:                     A  = Final amount

                                P  =  Principal amount

                                r   =  Interest rate

                                t  =  Time period in years.

                                A  =  $800

                                P  =  $500

                                r   =  Unknown

                                 t   =   4 years

                            800  =  500(1 + r)^4

Divide both sides by 500

                     800/500 =  (500(1 + r)^4 )/500

                               1.6  =  (1 + r)^4

Take the fourth root of both sides

                           \sqrt[4]{1.6} = \sqrt[4]{1 + r)^4}

          1.1246826504  =  (1 + r)

          1.1246826504  =  1 + r

Subtract 1 from both sides

      1.1246826504 - 1  =  1 -1+ r

           0.1246826504  =  r

Convert 0.1246826504 to percentage and to 2 decimal places

                                   r = 12.47%

That is, Saul investment is at 12.47% interest rate

Computation of Trek's Investment Rate of Interest

                                A  =  $800

                                P  =  $600

                                r   =  Unknown

                                 t   =   4 years

                            800  =  600(1 + r)^4

Divide both sides by 600

                     800/600 =  (600(1 + r)^4 )/600

              1.333333333  =  (1 + r)^4

Take the cube root of both sides

              \sqrt[3]{1.333333333} = \sqrt[3]{1 + r)^4}

              1.100642416 =  (1 + r)

             1.100642416  =  1 + r

Subtract 1 from both sides

         1.100642416 - 1  =  1 -1+ r

             0.100642416  =  r

Convert   0.100642416 to percentage and to 2 decimal place

                                 r = 10..06%

That is, Trek investment is at 10..06% interest rate

It can be observed that Saul earns a higher rate of return than Trek. The fact that both investment have equal returns today, it means Saul's investment was worth less than Trek's investment one year ago.

4 0
1 year ago
Jenny wants a monthly retirement income of $12,000. She will retire on her birthday at age 70 with a $3,000 per month social sec
Vlada [557]

Answer:

Explanation:

Since she wants to receive the income per month, change the interest rate and duration on investment variables to monthly basis;

Out of the $12,000, find Jenny's own savings after deducting social security income & Pension benefit;

= 12,000 - 3,000 - 4,000 = $5,000

Since the 5,000 is recurring, it will be the PMT in annuity calculation.

<em>If marginal tax rate = 28%, find the aftertax nominal rate;</em>

<em>Pretax nominal rate = 7.9% or 0.079</em>

<em>After tax nominal rate = (1-0.28) *0.079</em>

<em>After tax nominal rate = 0.05688 or 5.688%</em>

Next, find the real interest rate using Fisher equation that applies the nominal rate and inflation rate

Real rate = [(1+Nominal) / (1+inflation) ] -1

=[(1+0.05688) / (1+0.026)] -1

= 1.0301 -1

= 0.0301

Real rate = 3.01%

Next, using financial calculator, enter the following inputs;

N = 95 - 70 = 25 years, but convert to months = 25*12 = 300

I/Y = 3.01% /12 = 0.2508%

PMT = 5,000

FV = 75,000*6 = 450,000

then CPT PV = $1,265,460.78

Therefore, she need to have saved $1,265,460.78

6 0
1 year ago
When the Federal Reserve sells a government bond to a primary dealer, reserves in the banking system ________ and the monetary b
Sindrei [870]

Answer: Increase; increases

When the Federal Reserve sells a government bond to a primary dealer, reserves in the banking system <u>increase </u>and the monetary base <u>increases</u>, everything else held. | This happens because when the Government bonds, the banking system will increase everything else held with it.

5 0
2 years ago
Kanska, an application development firm, received a contract to develop a mobile application for a company. The brief mentioned
Serjik [45]

Answer:

The information provided to Kanska was insufficient.

Explanation:

The onus was on the company to provide all the necessary information for Kanska to work with.

An application development firm only creates applications based on the requirements gathered from clients and if clients don't divulge all necessary information, there is bound to be dissatisfaction in service when the mobile application is provided.

3 0
1 year ago
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun
mafiozo [28]

Answer:

a=   54796

h=  80,824

d=117916  

i=67915.68  

e=$ 352196  

b=  58,800  

f= 373496

j=  234500

c= 15100

k=   1900

g=3721596

Explanation:

Orlando Company

Manufacturing Cost Data

                                                 Case A          Case B       Case C

Direct materials used                 (a)               $91,200    $69,000

a=149,800 - 42,804-  52,200     54796

Direct labor                               52,200         143,800          (h)

$69,000 +x+0.82h= 216100

1.82h= 216100-69000

h= 147100/1.82= 80,824                                                     80,824

Manufacturing overhead applied 42,804      (d)                   (i)

d=82% of 143,800=117916                                 117916

i=82% of 80824 =  67915.68                                                 67915.68                      

Total manufacturing costs 149,800                 (e)              216,100

e=$91,200+ 143,800+ 117916                              352196

Work in process 1/1/14              (b)                21,300           18,400

b=208,600- 149,800                   58,800

Total cost of work in process 208,600         (f)                   (j)

f=352196+ 21,300                                           373496

j=216,100 + 18,400                                                               234500

Work in process 12/31/14             (c)               11,900            (k)

c=208,600 - 193,500                     15100

k=234500 -232,600                                                            1900

Cost of goods manufactured 193,500           (g)             232,600

g=373496- 11,900                                         3721596

The formulas used are given below.

Total Manufacturing Cost = Direct Materials + Direct Labor + Factory Overheads

Total cost of work in process= Total manufacturing costs+ Opening Work in process

Cost of goods manufactured= Total cost of work in process - Closing Work in process

In each of these if two amounts are known we can find the third one.We can also do rearrange these to find the required amounts.The calculation of each of the missing amount has been done next to it.

5 0
1 year ago
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