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Question: An average of 40 customers per hour arrives at a bank branch office (Poisson arrival) and wait in a single line to be served by the first available teller. The average time for each teller to service a customer is 4 minutes (exponentially distributed). Each teller earns $160/day and the bank branch office assesses a waiting cost of $50/day that a customer waits in the system.
How many tellers should be on duty in this bank branch office to minimize the total cost of this waiting line system?
Record the December transactions. Total the columns to show that assets equal liabilities plus stockholders' equity as of December 31.
DDI charges the client a flat fee of $300. No fees are charged to the dealerships. Provide two factors that suggest DDI is acting as an agent
What are the various methods of saving for retirement? What are the tax implications of each? The response must be typed, single spaced.
When Bacom Company's monthly costs were $75,000, sales were $80,000. Use the high-low method to develop a monthly cost formula for Jerome's coming year.
Explain the importance of good internal control procedures and summarize the elements of internal control.You are an employee at a full-service bookkeeping
What the value of ending inventory rounded to nearest dollar using average cost is? The firm uses the periodic inventory system. During the year, 61 units.
Use Sum of the Years Digits - Compute the book value as of December 31, 2021. Original Useful Life 10 Years. Acquisition Date: 4/10/2018
Prepare the journal entry to record the service expense on 12 December 2017. The cutting machine was sold for $40,000 (plus GST).
What total amount should be included in the determination of the net income or loss for the six-month interim period ended June 30, 2019?
Miller's is considering a 2-year expansion project that will require $398,000 up front. Should the project be accepted if the discount rate is 12 percent
What is the expected real exchange rate X1D/F in one period using time zero as a base? What are the expected price levels E[P1F] and E[P1D] and the expected nominal exchange rate E[S1D/F] in one period?
How do Calculate the NPV and IRR for each type of machine, and decide which to recommend. Marvin Industries must choose between an electric-powered
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