User Account

All Pages

How many customers will he see at the salon

Assignment Help Accounting Basics
Reference no: EM133185016

Question - Newt Philly needs to decide where to get a haircut. He has narrowed the choice down to two local hair salons -Large Hair Salon (LHS) and Small Hair Cutters (SHC). During busy periods, a new customer walks into LHS every 15 minutes (with a standard deviation of 15 minutes). At SHC, a customer walks in every hour (with a standard deviation of 1 hour). LHS has a staff of 4 barbers, while SHC has 1 barber. A typical service time at either salon lasts 30 minutes (with a standard deviation of 30 minutes). If Newt goes to SHC, how many customers will he see at the salon?

Reference no: EM133185016

Questions Cloud

Discuss the evolution of presidential power : Explain the U.S. Congress's structure and makeup. Describe how bills become laws. Describe and discuss the evolution of presidential power.
What is expected return on equity under each asset policy : An aggressive policy, requiring current assets of only 40% of projected sales. What is expected return on equity under each asset policy
What was rochelle balance at the beginning of april : Rochelle Destin bough a new car, her monthly April interest was $294, the current rate of interest is 9%, What was Rochelle's balance at the beginning of April
Gasoline in order to prevent prices from getting too high : Assume that the government imposed a price ceiling on gasoline in order to prevent prices from getting too high.
How many customers will he see at the salon : A typical service time at either salon lasts 30 minutes (with a standard deviation of 30 minutes). If Newt goes to SHC, how many customers will he see at salon
Define the price elasticity of demand : Define the price elasticity of demand? Define the cross-price elasticity of demand? Define elastic, inelastic, and unitary elasticity means.
Prepare the journal entries to update depreciation to march : Prepare the journal entries to (a) update depreciation to March 31, 2014, (b) record the sale of the equipment, and (c) record the sale of the equipment
How high can the discount rate be before you reject project : A project that costs $30,000 to install will provide the cash flows of $8,000 for each of the next 5 years. How high can the discount rate be before you reject
What is the supreme law of the land : What are the different sources of law? What is the supreme law of the land? do you agree with their examples for sources of law, why or why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identify the specific measures auditors can use to assess

Describe the procedures an auditor should perform during a review of a client's quarterly financial statements. In your opinion, did the Touche Ross auditors

  Make journal entry to record depreciation expenses

Carina Co. Ltd. , Recoverable amount of the machine at 31 December, 2019 is $680,000, prepare journal entry (if any) relating to this.

  Should buy the new milling machine or not

Lotus corporation, Assuming 40% taxes and cost of capital 10%, examine whether Lotus corporation should buy the new milling machine or not

  What is the difference between fiscal and monetary policy

Would a constitutional amendment that would require the federal government to balance its budget (incur no deficits) be desirable? Explain.

  What is return on equity

A company has return on assets of -12%. Return on sales are -4%. The leverage ratio is 3. Following DuPont analysis, what is return on equity

  Hiker company completes the following transactions

Hiker Company completes the following transactions during the current year.

  What the correct entry to record the exercise

What the correct entry to record the exercise of 90% the options on April 15, 2024, when the market price of the stock was $8

  What price should they charge for a flyer which would take

If only 70% of their working time will be chargeable to clients what price should they charge for a flyer which would take 3 hours

  Assuming that total dividends declared in 2012 were 35000

toggles fishing fleet had 20000 shares of 5 20 par value preferred stock and 15000 shares of 25 par value common stock

  What conclusions can be drawn from your analyses

Starbucks Corporation reported the following geographical segment revenues for fiscal years 2007 and 2006:

  Jan richards is in charge of the testing laboratory for

jan richards is in charge of the testing laboratory for southwest chemicals inc.nbspnbsp she is investigating the

  For a capital lease the lessee records the lease payments

operating leases differ from capital leases in that for a capital lease the lessee records the lease payments as rent

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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