How many customers would enter the bank drive in system

Assignment Help Finance Basics
Reference no: EM131136817

Please read the scenario and answer the  question basis on the scenario.

Scenario Two: The salary and benefits for a bank teller at the Elm Street branch is $18.50 per hour. If it has been estimated that the waiting time cost per hour is $62.00 per hour in line. Assume the bank is open 8 hours each day.

Question 1: How many customers would enter the bank's drive-in system on a typical day?

Question 2: How much total time would the customers spend waiting in line (system) during the entire day if one lane were open?

Question 3: If only one lane is open, what is the total daily waiting time cost of the system?

Question 4: If only one lane is open what is the total wait and service cost of the system?

Question 5: How much total time would the customers spend in line waiting to be serviced (queue) during the entire day if one lane were open?

Question 6: If only one lane is open, what is the daily total cost of the queuing wait time?

Question 7: If only one lane is open what are the total service and queuing wait time costs?

Reference no: EM131136817

Questions Cloud

Revisiting the conceptual framework the fasb and iasb : Case Study 1 (1000 words) Revisiting the conceptual frameworkThe FASB and IASB began a joint agenda project to revisit their conceptual frameworks for financial accounting and reporting in 2002. Each board bases its accounting standards decisions ..
Submit views about the movie the corporation : The documentary is critical of the modern-day corporation, considering its legal status as a class of person and evaluating its behavior towards society.
Improve logistics in order to increase profitability : Imagine that you are a manager at a brick and mortar store that has an online storefront as an additional source of revenue. The company has tasked you with creating ideas to improve logistics in order to increase profitability
Journalize the following adjusting entries as of fiscal year : The April utilities expense of $800 is not included in the adjusted trial balance, because the bill arrived after the trial balance was prepared. The $800 amount owed needs to be recorded..
How many customers would enter the bank drive in system : Scenario Two: The salary and benefits for a bank teller at the Elm Street branch is $18.50 per hour. If it has been estimated that the waiting time cost per hour is $62.00 per hour in line. Assume the bank is open 8 hours each day.Question 1: How man..
Describe and give five example of bias in evaluation process : If you were a Human Resource director, how would you coach a new manager to complete performance assessments with their employees? How would it be different if you were coaching an employee on preparing for their review? Describe and give five exampl..
Manufacturing subsidiaries in malaysia and malta : Ulsa Company has manufacturing subsidiaries in Malaysia and Malta. It is considering shipping the subcomponents of Product Y to one or the other of these countries for final assembly. The final product will be sold in the country where it is asse..
Calculate the cost of necklaces completed : (Hybrid costing) Pat Koontz makes necklaces from glass beads, metal beads, and natural beads. After reading about hybrid costing, she realized that the different types of necklaces did not cost the same amount of money to make, even though they t..
Discuss the importance of the future you chose : Discuss the importance of the future you chose and how it relates to technology trends. Find at least one additional article in the CSU Online Library related to your disappearing future.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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