Find the average time in the queue for each arrival

Assignment Help Financial Accounting
Reference no: EM132954583

Question - At a local fast food joint, cars arrive randomly at a rate of 12 every 30 minutes. Service times are random (exponential) and average 4 minutes per arrival. Find the average time in the queue for each arrival?

Reference no: EM132954583

Questions Cloud

What effect will these changes have on the firm cash cycle : A firm is considering several policy changes to increase sales. What effect will these changes have on the firm's cash cycle
What is the target profit : A company requires $850 000 in sales to meet its target profit. Its contribution margin is 30%, and fixed costs are $150 000. What is the target profit
How much can nelson short-term debt increase : How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations.
What is the future value of an eight percent : What is the future value of an 8%, 5-year ordinary annuity that pays $400 each year? Do not round intermediate calculations. Round your answer
Find the average time in the queue for each arrival : Service times are random (exponential) and average 4 minutes per arrival. Find the average time in the queue for each arrival
How many years will take you to reach goal : Your last deposit will be less than $1,500 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal?
Value of average total cost and average variable cost : 1.Please explain in more words following TRUE or FALSE questions. Answers need to be supported with an economic model.
Determine the amounts that should be recognised in profit : Determine the amounts that should be recognised in profit or loss and other comprehensive income for the years ended 31st December 2017 and 31st December 2018
How much should hermes receive as final settlement : It all non-cash are realized at carrying amounts and all the partnership liabilities paid, how much should Hermes receive as final settlement in the partnership

Reviews

Write a Review

Financial Accounting Questions & Answers

  Which a partner loss absorption balance is calculated by

Which a partner loss absorption balance is calculated by? multiplying the partner's total interests by his profit and loss sharing percentage.

  Explains these terms and critically examines

You are required to prepare a report for your client which explains these terms and critically examines their significance in the context of the accounts published by the Lloyds Banking Group for the half-year to June 2012.

  What is applicable discount rate for a period of one quarter

What is the applicable discount rate for a period of one quarter? Today is November15, 2020. U.S.-based company Hamburgler Lukewarm pays 4 equal quarterly

  How much in dollars do sell to break even

Assume a retailer (local supermarket) buys your product for $ .89. His business requires all products are with a 35 percent markup on cost. Calculate selling

  Legal issues and develop solutions for those issues

Discuss the impact of technology on business and effective communication techniques and recognize situations that present potential ethical and legal issues and develop solutions for those issues.

  Make the journal entries to record the redemption of bonds

Make the journal entries to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded events.

  Show and perform the final npv calculations

Show and Perform the final NPV calculations and provide a narrative on how you calculated the computations and why (justification of answer).

  Explain how the mean of the means is equal or not

Explain why it is significantly higher, or lower, than the population standard deviation. Explain how the mean of the means is equal, or not, to the population mean of the 100 listing prices from above.

  How much is in this account after years

Every month you put $100 into a savings account which pays 5% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your “house fund”. How much is in this account after 5 years?

  How is a profit calculated

How it is a profit and how it is calculated? Ending Equity $18 000 - Beginning Equity $21 500 - Drawings $15 000. Capital Contributions nil and drawings $15 000

  Explain the term aging of accounts

What is meant by SMC and MMC? Tell the main difference between them.(SMC is single member company and MMC is multiple member company)

  Benefits associated with an optimal capital structure

Some companies carry essentially no long term debt and only a minimal amount of short term debt in their capital structure. Review the balance sheets of google and Novatris. Provide an explanation for why well-managed and profitable companies appear ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd