Calculate the average amount of time customer waits in line

Assignment Help Financial Management

Reference no: EM13874703

A grocery store estimates that customers arrive at the rate of 15 per hour. The cashier can serve customers at a rate 20 per hour. Calculate the average amount of time customer waits in a line (in minutes)

Reference no: EM13874703

Questions Cloud

How much money have you accumulated for your retirement : You have accumulated some money for your retirement. You are going to withdraw $74286 every year at the beginning of the year for the next 24 years starting from today. How much money have you accumulated for your retirement? Your account pays you 10..

What is relationship between commitment and renegotiation : What is the relationship between commitment and renegotiation? Commitment and reputation? Why might an army invading an island destroy its landing craft or burn the bridges behind it?

Impact on price of shares and on wealth of its shareholders : Divido Corporation is an all-equity financed firm with a total market value of $100 million. The company holds $10 million in cash-equivalents and has $90 million in other assets. What will be the impact on the price of its shares and on the wealth o..

Inefficiencies of the turbine and the compressor : How do the inefficiencies of the turbine and the compressor affect

Calculate the average amount of time customer waits in line : A grocery store estimates that customers arrive at the rate of 15 per hour. The cashier can serve customers at a rate 20 per hour. Calculate the average amount of time customer waits in a line (in minutes)

Planning to save for retirement : You are planning to save for retirement over the next 15 years. To do this, you will invest $1,000 a month in a stock account and $700 a month in a bond account. The return of the stock account is expected to be 12 percent, and the bond account will ..

Calculate the rate of return on equity of nodebt : Nodebt is a company with total assets of $100M and pays corporate taxes at the rate of 30%. Nodebt generates EBITs of $5M, $10M, $15M in a bad year, a normal year, and a good year respectively. Calculate the rate of return on equity of Nodebt in the ..

Identify the various ways rhetorical appeals : identify the various ways rhetorical appeals

Evaluating new chemical compound used in manufacture : A Carlyle chemical is evaluating a new chemical compound used in the manufacture of a wide range of consumer products. The firm is concerned that inflation in the cost of raw materials will have an adverse effect on the projects cash flow. what recom..

User Account

All Pages