Phone calls arrive at the rate of 48 per hour at the reservation desk for Regional Airways. (Round your answers to four decimal places.) If no calls are currently being processed, what is the probability that the agent can take 2 minutes for personal time without being interrupted by a call?
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The objective of this question is to calculate the present value of the lease payments for both HP…
Q: Webb Inc. sells $25,000 of merchandise to Jones and Sons on account, the terms were 2/10, n30. The…
A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…
Q: confidence interval
A: Step 1: First is to deduct the salvage value from the cost to get the depreciable amount. Step 2:…
Q: Sales Traceable fixed expenses: Advertising Selling and administrative Depreciation Variable…
A: An income statement, also known as a profit and loss statement (P&L), is one of the primary…
Q: None
A: Step 1:The revenue and spending variances are the difference between the actual results and the…
Q: Dixie Co. Budgeting Income Statement Sales $ 600,000 Cost of Goods Sold $ 360,000 Gross Profit $…
A: Income statement is a financial statement that shows profitability, total revenue and total…
Q: Consider a firm with an EBITDA of $1,100,000 and an EBIT of $1,000,000. The firm finances its assets…
A: Earnings per share(EPS) is the net income available to equity shareholders of a Company divided by…
Q: Please do not give solution in image format thanku
A: Answers: To calculate Ralston's self-employment taxes on his net earnings, we will first calculate…
Q: pvn.3
A: Here's how the calculation might typically work: Offset the capital profits and losses:Nonbusiness…
Q: Ironwood Company manufactures cast-iron barbeque cookware. During a recent windstorm, it lost some…
A: 1. Direct Material Quantity Variance:Formula: Quantity Variance=(Actual Quantity−Standard…
Q: 3. Write the entry if the company gives the asset to an employee. 6 stock
A: Assuming the fair value of the new asset received is equal to its cost ($82,000):Journal…
Q: The 2021 Income statement for Egyptian Noise Blasters shows that depreciation expense is $80…
A: Free cash flow is computed as follows:-1.Free cash flow =2.Net Income = EBIT -interest - Taxes
Q: Current Attempt in Progress Pharoah Corporation had the following transactions pertaining to debt…
A: DateAccounts and Details Debit Credit 01/01/2022Investment in Bonds (or Debt Investments…
Q: What is the future value of $10,000 on deposit for 5 years at 6% simple interest?
A: The objective of this question is to calculate the future value of a deposit of $10,000 for 5 years…
Q: Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer…
A: Cash flowCash Flow is essential for financial management since it aids in determining an entity's…
Q: Westerville Company reported the following results from last year's operations: Sales Variable…
A: Margin is the ratio between net operating income and sales revenue. It is calculated by dividing…
Q: Exercise 9-19 (Static) Dollar-value LIFO retall [LO9-5] On January 1, 2024, the Brunswick Hat…
A: The dollar-value LIFO retail method is a cost flow assumption used by companies to account for…
Q: Vaughn Company uses a periodic inventory system. Details for the inventory account for the month of…
A: The question is asking for the value of the ending inventory of Vaughn Company for the month of…
Q: The partnership agreement of the G&P general partnership states that Gary will receive a guaranteed…
A: The amount of money made through self-employment is known as self-employment income. It is computed…
Q: None
A: Part 2: Explanation:Step 1: Calculate OASDI tax:- The self-employment OASDI tax rate is 12.4%.- The…
Q: Loreto Incorporated has the following financial ratios: asset turnover = 1.60; net profit margin…
A: Internal growth rate depicts the level of growth that can be achieved by the organization by using…
Q: X-Tel budgets sales of $80,000 for April, $116,000 for May, and $56,000 for June. Sales are 60% cash…
A: The objective of the question is to prepare a schedule of cash receipts from sales for the months of…
Q: Greene Co. has book income of $425,000, and a tax rate of 30%. Assuming there are no book-tax…
A: Determine the book income: $425,000Determine the tax rate: 30% Calculate the income tax…
Q: On June 3, Pearl Company sold to Chester Company merchandise having a sale price of $5,600 with…
A: Journal Entry:— It is an act of recording transactions in books of account when transaction…
Q: FOR QUESTION NUMBER 21 Determine feasibility of the project using IRR and ERR of the project. Is it…
A: Capital budgeting decisions are the decisions that a corporation must make when accepting or…
Q: Road Kill Restaurant had the following account balances. The change in these accounts represents a…
A: The cash flow statement is part of the financial statements of the company. It is prepared at the…
Q: Tough Tillers Inc. makes tillers for small farms. Their inventory purchases budget is shown below:…
A: The objective of the question is to calculate the budget for cash payments in November for Tough…
Q: Problem 10-21 (Algo) (LO 10-2, 10-3, 10-5) Alex and Bess have been in partnership for many years.…
A: Liquidation is the method involved in finishing a business up and appropriating its resources for…
Q: Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and…
A: Lets understand the basics.The budget is prepared to estimate the requirements for the…
Q: The accountant for Sam Inc. is preparing the budgets for operating department support service costs.…
A: Step 1: Introduction to step Allocation methodThe step-down method, also known as the sequential or…
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The objective of the question is to calculate the total cash receipts for Shadee Corporation for the…
Q: Required information Problem 8-70 (LO 8-4) (Algo) [The following information applies to the…
A: Child Tax Credit is a $2,000 per child benefit available to dependent children under age 17 years,…
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The objective of the question is to calculate the budgeted sales revenue, budgeted production in…
Q: Ashvinbhai
A: The objective of the question is to estimate the LIFO cost of ending inventory and cost of goods…
Q: HOPE Corporation was organized in 2018 to operate a manufacturing business. The following…
A: The purpose of preparing the shareholders equity is to know the net balance position of the total…
Q: On January 1, 2018, Star Construction Company entered into a contract with KC Company to build a…
A: As per the bartleby guidelines we are supposed to answer only one full question. Kindly repost the…
Q: Which of the following statements regarding freight costs is true? Oa. FOB destination means that…
A: The inventory is recorded as current assets in the balance sheet . The inventory is recorded…
Q: [The following information applies to the questions displayed below.] Quick Copy purchased a new…
A: Detailed Explanations The depreciation in step with hour is calculated with the aid of taking the…
Q: Manji
A: The objective of the question is to prepare the investing and financing activities sections of the…
Q: Arrasmith Corporation uses customers served as its measure of activity. During February, the company…
A: The flexible budget performance report is prepared to compare the actual and budgeted cost data. The…
Q: Sheffield's Medical operates three support departments and two operating units, Surgery and ER. The…
A: In the reciprocal method of calculation of allocation of costs, there are three methods…
Q: Current Attempt in Progress Kingbird Corporation purchased on January 1, 2025, as a held-to-maturity…
A: Bonds:The bond is the financial instrument that is used by the company to get the loan amount so…
Q: When a company pays taxes that were previously recorded as a deferred tax liability, the temporary…
A: The objective of the question is to understand the impact on the temporary difference when a company…
Q: Let's assume you finance your house through Wells-Fargo Bank. Below, please find the…
A: The objective of this question is to calculate the finance charge, which is the total amount of…
Q: Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following…
A: Direct material variance is the difference between standard direct material cost for actual…
Q: None
A: Step 1:We have to calculate the present value of the annuity and the total cost of the automobile.We…
Q: rent Attempt in Progress On July 31, 2025, Wildhorse Company engaged Minsk Tooling Company to…
A: The difference in interest paid between the current rate and the lower rate called as avoided…
Q: Gadubhai
A: Journal Entry for Factoring of Accounts Receivable (Without Recourse)Date: (Enter Recording…
Q: (a) Compute the income increase or decrease from replacing the old machine with Machine A. (b)…
A: KEEP OR REPLACE DECISIONIf there is increase in income by replacing, then the old machine should be…
Q: Southwest Milling Company purchased a front-end loader to move stacks of lumber. The loader had a…
A: Cost of asset is the amount paid for an asset and for expenses incurred in putting the asset in…
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- A customer support call center receives an average of 20 calls per hour, and it employs number of agents to answer the calls. If an agent takes on average 30 minutes to answer a call, what is the minimum number of agents need to ensure that average customer waiting time is less than 1 minutes? (You can assume CVa = CVp = 1). 17 15 13 11The cashier line of a canteen can facilitate up to 60 customers an hour. Frequenters of the canteen arrive at an average of 50 an hour.a. What is the average arrival time in minutes of customers?b. What is the average service time in minutes of the canteen?c. What is the probability that the canteen has a customer?d. What is the probability that the canteen does not have any customer?e. How long would the line be on average?f. How many people are waiting to be served on average?g. How long in minutes would it take the customer from lining up until he leaves the waiting line?h. How long in minutes would a customer wait to be served on average? i. Find the probability that there are 7 customers in the system.Telephone calls arrive at a global airline reservation office in Louisville according to Poisson distribution with a mean of 3.5 calls per minute what is the probability of receiving exactly 3 calls during a one minute interval
- Westover Travel offers travel packages using both air and ocean travel. Westover offers two packages, Tourist and Premier, that differ in the accommodations, class of travel, and so on. Westover has a call center, which handles customer queries and complaints. The call center tracks the number of calls and the number of call-minutes for customers by the package they have purchased. Expected call center data for next month follow. Call center volume: Number of calls Number of call minutes Call center costs: Call-related Call minute-related Total call center costs Tourist 29,000 126,000 Required: Total $ 222,950 106,920 $ 329,870 The call center at Westover uses a two-stage cost allocation system: It uses the number of calls to allocate call-related costs and the number of call minutes to allocate call minute-related costs. Premier 16,500 198,000 a. Call related-overhead rate b. Call minute-related overhead rate c. Call center costs allocated to Tourist d. Call center costs allocated to…Westover Travel offers travel packages using both air and ocean travel. Westover offers two packages, Tourist and Premier, that differ in the accommodations, class of travel, and so on. Westover has a call center, which handles customer queries and complaints. The call center tracks the number of calls and the number of call - minutes for customers by the package they have purchased. Expected call center data for next month follow. Call center volume: Tourist Premier Number of calls 26,000 15,000 Number of call minutes 120,000 186, 000 Call center costs: Total Call - related $ 219, 350 Call minute - related 119,340 Total call center costs $ 338,690 The call center at Westover uses a two-stage cost allocation system: It uses the number of calls to allocate call - related costs and the number of call minutes to allocate call minute - related costs. Required: Compute the call - related overhead rate for next month. Note: Round your answer to 2 decimal places. Compute the call minute -…Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from past history that an average of 25 customers (with a standard deviation of 15) cancel their reservation or do not show for the flight. Revenue from a ticket on the flight is $125. If the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. The cost of this free round-tripticket averages $250. Super Discount considers the cost of flying the plane from New York to Los Angeles at a sunk cost. By how many seats should Super Discount overbook the flight?
- a computer shop charges P15.00 in every hour of computer rental.Represent your computer rental fee(R) using a function R(t)where is the number of hours you spent on the computer?Consider the checkout process of a grocery store with ten identical cashiers performing the checkout process. First, assume that each cashier has her own separate checkout queue and that customers arrive at each case with an average arrival rate of 12 per hour. It takes 4.8 minutes on average to check a customer out. Assume that both the inter-arrival times and service times have a coefficient variation of 1. 1) How long on average does a customer wait from joining the queue in front of a cashier until her checkout is complete? 2) On average, how many customers are waiting in the queue in total? ( Including all queues)? 3) Now suppose the ten queues are pooled together so that there is one common queue. Repeat your calculations for part a and b, compare the results, and explain the differenceYou sell $1 million of microprocessors to one of your customers on account. After opening the boxes that you sent, your customer discovers that many of the microprocessors are damaged, so you offer them a partial refund of 10%. The next day they pay their remaining balance in full. Which is part of the correct journal entry that you should record at the time that the customer makes their payment? DEBIT to Cash of $100,000 CREDIT to Accounts Receivable of $900,000 CREDIT to Accounts Payable of $900,000 CREDIT to Accounts Receivable of $1,000,000
- t is the last day of the month and fiscal year, your manager asks you to create an invoice for $10,000 (debiting Accounts Receivable and Crediting Sales) and send it to a specified customer. Normally invoices are sent to customers when products have been shipped or the service has been finished. You manager tells you that we will be shipping equipment and performing the setup services for this customer next month (as early as next week). You know that by preparing the closing entries tomorrow, the revenue will be included in this year’s fiscal year and then the revenue account will be set to zero for the beginning of the year. How would you respond to your manager? Do you have any suggestions or alternative ways you would recommend to your manager on how to record this?It is the last day of the month and fiscal year, your manager asks you to create an invoice for $10,000 (debiting Accounts Receivable and Crediting Sales) and send it to a specified customer. Normally invoices are sent to customers when products have been shipped or the service has been finished. You manager tells you that we will be shipping equipment and performing the setup services for this customer next month (as early as next week). You know that by preparing the closing entries tomorrow, the revenue will be included in this year’s fiscal year and then the revenue account will be set to zero for the beginning of the year. What is your manager trying to accomplish by asking you to do this?No Plagirism Please! Note: Enter your answer and show all the steps that you use to solve this problem in the space provided You have a credit card with a balance of $1,367 90 at a 95% APR. You pay $400.00 each month on the due date until the card is paid off. How many months does it take to pay off the card, and what is the total amount paid including interest? Be sure to include in your response the answer to the original question the mathematical steps for solving the problem demonstrating mathematical reasoning