The information here is the same for answering questions 69 to 73. BOBO Van is a start-up company which develops an app to receive orders from customers and provide delivery service. It owns one single vehicle. Two workers form a crew. The whole crew, which includes both workers working as a team, is needed to complete the delivery service. On average, an order arrives every 20 minutes while it takes 15 minutes on average to complete the order. If an order arrives while the crew is working on another order, the arriving order needs to join the waiting line for service. Assume the app provide adequate quota to accommodate essentially any number of orders waiting in the line. The information here is the same for answering questions 71 to 73. The management finds that they have sufficient resources to purchase another identical vehicle to provide delivery service at the same time. They plan to add one more crew of two workers. The salary of each worker is $100 per hour and the cost of a waiting order is $500 per hour. If fav management decides to add the second crew. What is the average number of orders in the waiting line? a)0.0333 b)2.25 c)0.1227 d)0.5 What is the average number of orders in the waiting line? a)0.0333 b)2.25 c)3 d)0.1227 e)0.5 Compared with a single crew operation, how much will be saved if two crews are used? a)$416.65 b)$450 c)$461.35 d)$33.35 e)$863.65

Answers

Answer 1

To calculate the average number of orders in the waiting line and determine the cost savings with two crews, we need to use queuing theory formulas.

For the average number of orders in the waiting line:

λ = Arrival rate = 1 order every 20 minutes = 1/20 orders per minute

μ = Service rate = 1 order every 15 minutes = 1/15 orders per minute

ρ = λ / μ = (1/20) / (1/15) = 0.75

Using the M/M/1 queuing model formula for the average number of customers in the system (L), which includes both the ones being served and in the waiting line:

L = ρ / (1 - ρ) = 0.75 / (1 - 0.75) = 3

Therefore, the average number of orders in the waiting line is 3.

For the cost savings with two crews:

With one crew, the cost of a waiting order is $500 per hour.

With two crews, the waiting time is reduced to zero, resulting in cost savings.

The cost savings would be:

$500 per hour × average number of orders in the waiting line (3) = $1500 per hour.

Compared to a single-crew operation, using two crews would save $1500 per hour.

Therefore, the correct answers are:

- Average number of orders in the waiting line: c) 3

- Cost savings with two crews: a) $416.65

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Related Questions

Emily's grandmother bought her a treasury bond in 2020. When will it reach its maturity date?
Α.
2030
B.
2040
C.
2045
D
2050

Answers

Answer:

The correct answer is: D. 2050

Explanation:

Answer: 2050

Explanation:  Treasury bonds are sold in $1,000 increments and have a 30-year maturity date.

Thus, 2020 + 30 years = 2050

Business management typically requires graduate school.
OA.
True
OB.
False

Answers

False that’s not true

Answer:

true

Explanation:

Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7,000. How much did Carlita pay to the tax authorities during the year?

Answers

Answer:

$2,000

Explanation:

The computation of the amount pay to the tax authorities during the year is shown below;

Let us assume the accrued payment be $6,000

Let us assume the amount pay to the tax authorities be X

Beginning Taxes payable account balance + Accrued payment - X = Ending taxes payable account balance

$3,000 + $6,000 - X = $7,000

$9,000 - X = $7,000

So, the X is

= $9,000 - $7,000

= $2,000

hence, the amount pay to the tax authorities is $2,000

A kanban card is used to signal that: Select one: a. A machine has broken down. b. Work is needed from the preceding station. c. A worker has run out of parts. d. Work is ready to be moved to the next

Answers

A kanban card is used to signal that Work is ready to be moved to the next.

What a Kanban Card is used for?

The Kanban system or process is based on product signals throughout its production process from start to finish.

When a "customer service center" removes something from the store, a "kanban" or signal goes with the equipment. So this is a "pull" system that is driven by need.

Thus, A kanban card is used to signal that Work is ready to be moved to the next. Option D is correct statement.

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What is the best animal?

Answers

Answer: The answer is Dogs

Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.

before business managers consider the social responsibilities of firms in their communities, they need to:

Answers

Before business managers consider the social responsibilities of firms in their communities, they need to collect all relevant facts.

Business managers lead or supervise the firms, organizations, or departments they are associated with. They ensure the productivity and efficiency of the organization. They keep it organized and functioning by performance reviews, implementing operation strategies, and regulating daily activities.

Business managers are closely involved with employees to assuring the successful completion of projects on time. When business managers consider the social responsibilities of firms in their communities, they are obliged and committed to improving and protecting society's welfare along with their firms' interests.

Business managers can take up societal responsibilities after ensuring the availability of diverse resources like money, labor, functional expertise, and competencies.

Therefore, it is important to collect all relevant facts before committing to societal goals.

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joaquin and jill are thinking of expanding their pet store business by using the large unused space at the back of their store. since they do not know how to do this, they decide to conduct some marketing research. before they can even begin their actual research, however, what is the first thing they must do?

Answers

Before Joaquin and Jill can begin their marketing research for expanding their pet store business, the first thing they must do is define the research problem or question they are trying to answer.

This involves clearly identifying and articulating the specific issue or opportunity they are trying to address, and the goals and objectives of their research.

By defining the research problem or question, Joaquin and Jill can ensure that their research is focused and relevant and that they gather the necessary information to make informed decisions about expanding their business. This initial step is critical to the success of any marketing research project, as it sets the direction and scope of the research and guides subsequent research activities.

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when is subsidy necessary in comodity supply​

Answers

Answer:

A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Explanation:

Define opportunity cost, please!

Thank you!

Answers

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Answer:

It's when you lose one opportunity due to picking something else or you lose a whole experience because of a chose you made. For example, if I decided to work at McDonald's then instead of going to school,I've lost a lot of chances because I made this one choice.

Serena has been waiting for Hamilton to come to her local theater. When it finally does come, tickets cost $60. Serena's reservation price is $75. But when Serena tries to buy a ticket, they are sold out. Serena decides to try to buy a ticket from a scalper (a person who purchased extra tickets at the box office with the intent to resell them at a higher price). If Serena finds someone who is willing to sell her a ticket for $70, she should

Answers

Serena should buy the ticket for $70.


Explanation:

Serena's reservation price is the maximum amount she is willing to pay for a ticket to see Hamilton, which is $75. However, when she tries to buy a ticket at the box office, they are sold out, which means that the only option left for her is to buy a ticket from a scalper. The scalper is offering to sell her a ticket for $70, which is less than her reservation price of $75. Therefore, buying the ticket for $70 is still worth it for Serena since it is less than her maximum willingness to pay.

Describe the advantages that llc and S corporation‘s passed through entitles have relative to c-corporations

Answers

Answer:

Single-layer taxation

Explanation:

Limited liability companies and S corporations are able to pass through their income as the owner's income. "LLC and S corporations" are entities, unlike the C corporation.

Pass-through entities have a taxation advantage over non- pass-through entities. In tax computation, a pass-through entity passes its income or losses as those of its owners; hence the entity will not be subject to income tax. The business profits are treated as income to the owners, who will pay individual tax income. LLC and S corporation have only one layer of taxation.

A  C corporation is subject to taxation as an independent entity. The directors have to file corporate tax returns on behalf of the business based on the company profits. The business profits are distributed to the shareholder as dividends. The shareholders have to pay tax on the dividend received as part of their income tax. The shareholders are double-taxed, as the business owners- corporate tax and as individuals - income tax. Double layer taxation.

Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply

Answers

Ans: people with skills that are high in demand but low in supply

They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply

"To meet the customer's investment objective of tax advantaged income, the BEST recommendation is for the customer to:"

Answers

Customer Name: Jack and Jill Customer

Ages: 62 and 57

Marital Status: Married - 39 years

Dependents: None

Occupations: Jack - Manufacturing Manager - Dyno-Mite Corp.

Jill - Marketing Consultant - Self Employed

Household Income: $140,000 Joint Income

($100,000 for Jack and $40,000 for Jill)

Net Worth: $1,100,000 (excluding residence)

Own Home: Yes $420,000 Value, No Mortgage

Investment Objectives: Income / Tax Advantaged

Risk Tolerance: Moderate

Investment Time Horizon: 25 years

Investment Experience: 30 years

Tax Bracket: 30%

Current Portfolio Composition: Cash in Bank: $30,000

Growth Fund: $50,000

Variable Annuity: $50,000

Growth Stocks: $150,000

Retirement Accounts:

Jack's IRA: $100,000 invested in growth stocks

Jack's 401(k): $600,000 invested in Dyno-Mite Corp. stock

Jack's 529 Plan for Grandchild: $20,000 in growth mutual fund

To meet the customer's investment objective of tax advantaged income, the BEST recommendation is for the customer to:

A. immediately liquidate the entire Dyno-Mite position and invest the proceeds in high yield bonds

B. set a minimum and maximum threshold price to liquidate as much of the Dyno-Mite stock as the customer will permit, and invest the proceeds in high yielding common and preferred stocks

C. liquidate the IRA without penalty since Jack is past age 59 1/2, and use the proceeds to buy corporate income bonds

D. consider early retirement, since Jack is old enough to receive Social Security as a means of supplementing income

Answer:

B. set a minimum and maximum threshold price to liquidate as much of the Dyno-Mite stock as the customer will permit, and invest the proceeds in high yielding common and preferred stocks

Explanation:

Given that, the customer has a "moderate" risk tolerance level and dividend income is at the moment taxed at the preferential rate of 15%, therefore, it is expected that investments in high yielding common and preferred stocks will meet the customer's objective of tax-advantaged income.

Hence, the right answer is Option B. set a minimum and maximum threshold price to liquidate as much of the Dyno-Mite stock as the customer will permit, and invest the proceeds in high yielding common and preferred stocks

Adversity has the effect of eliciting talents which in prosperous circumstances would have lain dormant. True or false?.

Answers

Quintus Horatius Flaccus also known as Horace, a Roman lyric poet, once said "Adversity has the effect of eliciting talents which in prosperous circumstances would have lain dormant". Thus, the answer is TRUE.

What Horace meant by this statement was that if a person has the courage and determination to overcome challenges or seemingly impossible tasks, his true strengths might very well emerge.

A person's actual strengths will surface if they have the desire and bravery to tackle obstacles or tasks that seem insurmountable and this is known as the "adversity effect" principle, famously quoted by Horace.

This is a belief that the ability to disprove others' claims and validate your own is facilitated by self-confidence and the conviction that everything is possible.

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Adversity has the effect of eliciting talents which in prosperous circumstances would have lain dormant.

If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

How many National Officers currently serve BPA?
O 8
06
09
010

Answers

Answer:

8

Explanation:

Every year, the National Association of Business Professionals of America (BPA) elects up to 10 student representatives. The National Officers are elected from the Secondary and Post-secondary Divisions.

For the year 2019-2020, there are eight national officers; six from the secondary divide and two from the post-secondary division

is 6 ft greater than 72 inches

Answers

No, 6ft=72in. There the same.
They are the same because 1 foot is 12 inches and 12 inches times 6 equals 72

"If an initial public offering of a security is going to be sold only in one State, the registration procedure to be used is Registration by:"

Answers

Answer:

Qualification

Explanation:

Perhaps if one Government can sell an equity investment to public of a security, the members were assigned that should be used shall be Authentication registered by qualification process.

To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.

Answers

To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.

In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.

The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.

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Explain the trade-off between holding bonds and holding money. Why don't people keep all their assets in the forms that are the easiest to use for making transactions?

Answers

The trade-off among holding bonds and holding money lies in the trade-off among liquidity and return. holding money, consisting of cash or checking bills, offers high liquidity, that means it could easily be used for transactions, but the return on investment is low.

However, preserving bonds gives a higher return on investment, however it is much less liquid than money and can be difficult to sell fast.

People do not keep all their assets in the forms that are the easiest to apply for making transactions because they also don't forget the ability returns on their investments.

If they hold all their assets in cash or different sorts of cash, they will pass over out on ability returns from higher-yielding investments including stocks or bonds. consequently, people frequently allocate their belongings amongst special varieties of investments, balancing the need for liquidity and returns.

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estrella likes to keep the company on top of its game by keeping her eye on the industry and the company’s competitors and hiring the best and brightest talent.

Answers

We can actually deduce here that the statement, Estrella likes to keep the company on top of its game by keeping her eye on the industry and the company’s competitors and hiring the best and brightest talent shows that she is creating a learning organization by creating and acquiring knowledge.

Who is a company's competitor?

A company's competitor is actually known to be another company that creates or produces similar products and services of a company and tries to stand out than that company in sales and customer acquisition.

We see here that Estrella who likes to keep the company on top of its game by keeping her eye on the industry and the company’s competitors and hiring the best and brightest talent is creating a learning organization.

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NEED HELP ASAP 10 POINTS
The production, purchase, and sale of goods in a world-wide market is known as the _____.

Answers

Answer:

I think it's global economy

an employee can be dismissed if their job surplus to requirements' outline why this state ment is false

Answers

Hiring labour is different from buying other goods and services, and the contract between the employer and the employee is incomplete. It does not cover what the employer really cares about, which is how hard and well the employee works.

The market for widget in Home is given as follows:
(Domestic) Supply: QS = 6P-200
(Domestic) Demand: QD = 600 - 2P
a) Find the autarky equilibrium price and quantity. (4 points)
b) If the world price of widget is $80 per widget, find the quantity traded (i.e., the quantity of exports or quantity of imports). Compare to the autarky equilibrium, find the change in consumer surplus, change in producer surplus, and change in total surplus. (9 points)
c) Suppose Home is a large open economy in the world market for widgets, and studies show any trade policy by Home will change the world price by $2 per widget. If the government of Home wants to lower the level of imports in part (a) by 32 units via an imposition of a specific tariff. Find the per-unit tariff that will achieve the goal. Compared to the free-trade equilibrium, calculate the change in consumer surplus, the change in producer surplus, and the change in total surplus.

Answers

In autarky equilibrium, the price of widgets is $200 and the quantity exchanged is 200 widgets. When the world price is $80 per widget, Home exports 240 units of widgets. This leads to an increase in consumer surplus and a decrease in producer surplus and total surplus. To reduce imports by 32 units, Home can impose a per-unit tariff of $16. This tariff results in a decrease in consumer surplus, an increase in producer surplus, and a decrease in total surplus.

a) In autarky equilibrium, the quantity supplied (QS) equals the quantity demanded (QD). Therefore, we can set QS equal to QD and solve for the price (P) and quantity (Q).

6P - 200 = 600 - 2P

8P = 800

P = $100

Substituting the price back into either the supply or demand equation, we can find the quantity:

Q = 600 - 2(100)

Q = 400

The autarky equilibrium price is $100, and the quantity exchanged is 400 units.

b) When the world price is $80 per widget, which is lower than the autarky equilibrium price, Home becomes an exporter. The quantity traded is determined by finding the difference between the quantity supplied and the quantity demanded at the world price:

QS = 6P - 200 = 6(80) - 200 = 80

QD = 600 - 2P = 600 - 2(80) = 440

Quantity Traded = QS - QD = 80 - 440 = -360 (exports)

In this case, Home exports 360 units of widgets.

To calculate the changes in consumer surplus, producer surplus, and total surplus, we compare the free-trade equilibrium with the autarky equilibrium. Consumer surplus increases because consumers pay a lower price in the world market. Producer surplus decreases because producers receive a lower price in the world market. Total surplus decreases due to the decrease in producer surplus.

c) To reduce imports by 32 units, Home can impose a specific tariff. The per-unit tariff required to achieve this goal can be calculated by dividing the desired reduction in imports (32 units) by the increase in price per widget caused by the tariff ($2):

Per-unit Tariff = $2/32 = $0.0625

Comparing the free-trade equilibrium with the tariff equilibrium, consumer surplus decreases due to the increase in price, producer surplus increases due to the higher price received, and total surplus decreases due to the combined effects on consumer and producer surplus. In summary, in autarky equilibrium, the price of widgets is $200, and the quantity exchanged is 200 units. With a world price of $80, Home exports 360 units. To reduce imports by 32 units, Home can impose a per-unit tariff of $0.0625. The tariff leads to a decrease in consumer surplus, an increase in producer surplus, and a decrease in total surplus.

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For each situation, select one option from below that you think will help increase profit.
These are answers for the question to put on
1.Avoid extra payroll expenses.
2. Get the best rates on advertising.
3.Change the product you provide.
4. Use resources wisely.
5. Beat the competition.
6. Get the best rates on supplier purchases.
7. Eliminate some free services.
8. Increase worker efficiency.

For each situation, select one option from below that you think will help increase profit.These are answers

Answers

Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up.

Choose the option from the list below that you believe will help enhance profit for each circumstance.

1. Limit additional payroll costs- Increase

2. Find the best advertising prices- Increase

3. Modify the offering you make- decrease

4. Make good use of resources- Increase

5. Outperform the opposition- Increase

6. Find the most affordable supplier prices- Increase

7. Discontinue a few free services - No effects

8. Boost personnel effectiveness- Increase

What does "profit" mean?

Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity.

In accounting, a profit is an income that is given to the owner throughout a successful market producing process. Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. There are various profit metrics that are frequently used.

How are earnings raised?

Profitability may be boosted in four important areas. Costs are being cut, turnover is rising, productivity is up, and efficiency is up. You can also diversify into new market segments or create brand-new goods or services.

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A method used for establishing a logical framework for identifying the required activities for the project is called

Answers

I think it's

Work breakdown structure.

the guy who put letters in math is the reason im failing in geometry im just like

the guy who put letters in math is the reason im failing in geometry im just like

Answers

Answer:

I did that because I wanted to earn points, and alas. I wasnt sure how to other than this.

Explanation:

HELP PLZ! The price index for a certain item is at 4% inflation rate. How long will it take for the price to double?

Answers

Answer:

Time taken to double the price is 17.5 years

Explanation:

As per the rule of seventy,

Time taken for a  CPI to get double is 70 divided by the rate of inflation

Substituting the given values, we get -

Time taken to double the price is 70/4 = 17.5 years

a specialty group analyzed the physicians who referred into the practice. twenty percent of the physicians referred 65% of all referrals. these doctors sent them all of their referrals for gastroenterology. forty percent of the doctors on their referral list referred 35%, but they also sent patients to other gastroenterology groups. forty percent of the physicians in the area did not refer any patients to the practice. what should the marketing strategy objective be for the second group of doctors?

Answers

The marketing strategy objective for the second group of doctors is to increase their awareness of the services that are provided by the practice.

The second group of doctors refers to the 40% of the physicians who did not refer any patients to the practice. It is important to reach out to this group and inform them about the services provided by the practice to establish a relationship with them.It is important to establish a relationship with the doctors who did not refer any patients to the practice. This can be achieved through marketing strategies such as sending newsletters, organizing workshops, or inviting them to attend CME programs. This will help increase the awareness of the services provided by the practice and establish a relationship with the doctors. The marketing strategy objective should be to increase their awareness of the services that are provided by the practice.

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The measure of how much one currency is worth in relation to another is referred to as.

Answers

Answer:

Currency Exchange Rate

Explanation:

Other Questions
Read this passage: i respectfully object to your suggestion that we must abandon our colonies. to do so would throw the island peoples who live there into chaos. just as parents must protect their children, so too must we defend the islanders from lawlessness. which word most clearly indicates an imperialistic attitude? a. children b. abandon o c. respectfully o d. defend The purchase of supplies on account for $40 was debited to Supplies $400 and credited to Accounts Payable $400. The correcting entry to correct this error will be: Dr. Supplies 360 Cr. Account payable 360 O Dr. Account payable 400 Cr. Supplies 400 Dr. Account payable Cr. Supplies O Dr. Supplies 40 360 360 Cr. Account payable 40 two people are pulling ends of a rope. each person pulls with a force of 100 n. what is the tension in the rope led by thomas jefferson, wanted less federal government, agriculture economy, no federal bank Select the answer that places the following events from the 1840s in the correct chronological order: A. The Free Soil Party was organized to exclude slavery from Western territories. B. The United States declared the Rio Grande River as the border between Texas and Mexico. C. Congress formally declared war on Mexico. A group of friends were working on a student film that had a budget of $1500. They used $1200 of their budget on costumes. What percentage of their total budget did they spend on costumes? Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to viewadditional questions.Online Content Site 1Why is water scarcity a problem in the 21st century? (Site 1) Which political party believed in agrarianim? Explain how the political party and the agricultural economic ytem were connection Please help me with my math please One of the major challenges facing companies today is to keep the customers they already have since there are fewer customers to go around. Changing demographics, sophisticated competitors, and overcapacity in many industries are some of the reasons for this. As a result, Please help me 100 points Women were given equal rights as men in the Ottoman Empire Solve for c: -20-3c=-2(8+4c) In 1996, the world trade organization (wto) ruled that the u. S. Environmental protection agency (epa) regulation calling for cleaner gasoline discriminated against foreign producers and violated wto agreements. The epa was forced to rewrite the rule to allow for dirtier gasoline. What effect did this revision likely have on world trade?. What is the probability that the next fish caught an is a drum or a flounder enter fraction around your answer to four decimal places What does ^^ mean in texting? What is the range of the function shown on the graph above? What is the value of x in the equation 1/4(4 + x) = 4/3 Decide whether the sentence is correct or incorrect as written. gladys le da flores a su mam. correct incorrect Pg. 4 9. Louis was now considered a?