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The Newcoat Painting Company has for some time been experiencing high demand for its automobile repainting service. Because it has had to turn away business, management is concerned that the limited space available to store cars awaiting painting has cost them in lost revenue. A small vacant lot next to the painting facility has recently been made available for rental on a long-term basis at a cost of $10 per day. Management believes that each lost customer costs $20 in profit.
Current demand is estimated to be 21 cars per day with exponential interarrival times (including those turned away), and the facility can service at an exponential rate of 24 cars per day. Cars are processed on a FCFS basis. Waiting space is now limited to 9 cars but can be increased to 20 cars with the lease of the vacant lot. Newcoat wants to determine whether the vacant lot should be leased. Management also wants to know the expected daily lost profit due to turning away customers if the lot is leased. Only one car can be painted at a time. Try using the Limited Queue Template.xlsm file for an analytical solution and the Multiserver Simulation.xlsm file for a simulation solution.
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a production departments output for the most recent month consisted of 11500 units completed and transferred to the
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1. after the accounts are adjusted and closed at the end of the fiscal year accounts receivable has a balance of 340000
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outram corporation is presently making part i14 that is used in one of its products. a total of 8000 units of this part
Select 2 companies in the same industry. Using the Internet, conduct research to find the companies' current balance sheets, explain their capital structure, and calculate their EPS.
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