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wariber [46]
2 years ago
14

Automobiles arrive at the drive-through window at the downtown Baton Rouge, Louisiana, post office at the rate of 4 every 10 min

utes. The average service time is 2 minutes. The Poisson distribution is appropriate for the arrival rate and service times are negative exponentially distributed.
a) The average time a car is in the system =_______ minutes (roundyour response to two decimal places).
b) The average number of cars in the system = _________cars (round your response to two decimal places).
c) The average number of cars waiting to receive service = ___________ cars.
d)The average time a car is in the queue =_________ minutes.
e) The probability that there are no cars at the window (round your response to two decimal places).
Business
1 answer:
Paul [167]2 years ago
5 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
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Joe and Michelle have a partnership firm. Based on the income-based method of calculating GDP, what category is the income earne
tekilochka [14]

Answer: B) employee’s compensation.

The income approach to measure gross domestic product or GDP starts with the income earned (wages plus plus rents plus interest plus profits) from the production of goods and services.

Based on the income-based method of calculating GDP, income or wages earned by Joe and Michelle for being partners can be categorized under B) employee’s compensation.


3 0
2 years ago
The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months​ follow
Eddi Din [679]

Answer:

16,900

Explanation:

Ending Inventory = 30% x 12,000 = 3,600

Beginning Inventory = 30% x 19,000 =5,700

Thus;

19,000 + 3,600 – 5,700 = 16,900

Therefore the Porch Cushion Company need to purchase in​ August,900 pound of foam of Cushion.

5 0
2 years ago
How much would Roderick have after 6 years if he has $500 now and leaves it invested at 5.5% with annual compounding?a. $591.09b
Dimas [21]

Answer:

Roderick will get $689.421 after 6 years

So option (d) is correct

Explanation:

We have given that Roderick invested $500 at a rate for 6 years

So principle amount P = $500

Rate of interest r = 5.5 %

Time n = 6 years

We have to find total amount which Roderick get after 6 years

We know that total amount is given by

A=P(1+\frac{r}{100})^n

So total amount A=500(1+\frac{5.5}{100})^6=$689.421

So Roderick will get $689.421 after 6 years

So option (d) is correct

4 0
2 years ago
Morgan Technologies sells a single product at $20 per unit. The firm's most recent income statement revealed unit sales of 100,0
AlladinOne [14]

Answer:

income will decrease by $240,000 or 30%

Explanation:

current income:

revenue = $2,000,000

variable costs $800,00

fixed costs $400,000

operating income $800,000

income after change:

revenue = $1,920,000

variable costs $960,00

fixed costs $400,000

operating income $560,000

income will decrease by $240,000 or 30%

7 0
2 years ago
The following is the income statement for the period ending December 31, Year 1, for Manatee Construction Company:
kaheart [24]

Answer:

Sales 8,000,000 DEBIT

Gain from the sale of investments 100,000 DEBIT

 Income Summary   8,100,000 CREDIT

--to close revenues and earnings account

Income Summary 8,250,000  DEBIT

  Cost of goods sold                  6,500,000 CREDIT

   Salaries expense                      300,000 CREDIT

   Other administrative expenses 100,000 CREDIT

   Interest expense                       900,000 CREDIT

   Advertising expense                 450,000 CREDIT

--to close expenses account

Retained Earnings 150,000 DEBIT

  Income Summary     150,000 CREDIT

Explanation:

To close the accounts we use the income summary account as an auxiliar tool

The revenues and gains have a normla balance of credit thus, we debit to close them

The expenses are normal balance debit so we credit them against income summary.

Last we transfer the Income Summary account into retained earnings.

3 0
2 years ago
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