What is the store maximum capacity in customer per day

Assignment Help Finance Basics
Reference no: EM131146422

The local Publix Grocery has five regular lanes and one express lane (12 items or less only). Based on a sampling study, it takes 11 minutes on the average for a customer to go through the regular line and 4 minutes to go through the express line. The store opens at 9 am and closes at 9 pm each day. (I know these aren't Publix's normal hours, but it is easier to give it a 12 hour day).

1. What is the store's maximum capacity in customer's per day if they have all the lines open all the time?

2. The store has determined that it can install another express line for a minimum cost of $250,000. if the average customer spends $53 per visit on groceries, would you recommend that Publix install this line or not? Why or why not?

Reference no: EM131146422

Questions Cloud

Determine criteria to be utilized to evaluate alternatives : Choose a business or organizational problem that you may be able to solve with managerial economic techniques. Identify and define the problem (and include literature review summary). Determine set of alternative solutions. Determine criteria to be u..
What is the annual cost for storing item x : Whenever item X is ordered, what should be the order size? What is the annual cost for ordering item X? What is the annual cost for storing item X?
The right to monitor all internet surfing at work : Should companies have the right to monitor all Internet “surfing” at work? Should organizations' network be open for one's leisure use? How would you react if a company stipulated that no personal web browsing is allowed, if discovered, could result ..
Cookie creations is gearing up for the winter holiday season : Cookie Creations is gearing up for the winter holiday season. During the month of December 2011, the following transactions occur.
What is the store maximum capacity in customer per day : What is the store's maximum capacity in customer's per day if they have all the lines open all the time? The store has determined that it can install another express line for a minimum cost of $250,000. if the average customer spends $53 per visit on..
Journalize and post closing entries and complete : Gina Balistrieri opened Genie Cleaners on March 1, 2012. During March, the following transactions were completed.
Develop an inventory ordering policy : Dunstreet's Department Store would like to develop an inventory ordering policy of a 99 percent probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets. Demand for whit..
Determine which ones are deductible for agi : Rick, a single individual with a salary of $45,000, incurred and paid the following expenses during the year: Student loan interest: ............ $800 Medical expenses: ............. $5,000 Alimony: ................ $11,000 Mortgage interest on perso..
Journalize the september transactions : Prepare an income statement and a retained earnings statement for September and a classified balance sheet at September 30.

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