Trader Toe's is a popular grocery store which has on average 20 customers arriving every hour, with a standard deviation of interarrival times of 2 minutes. There is one line for checkout and it is currently operated by two employees. Each employee spends on average 4.5 minutes to checkout a customer. The checkout times follow an exponential distribution.
a. (6 points) Assume that every customer coming to the store buys something and so must go through the checkout. Then, what is the average wait time that a customer has to wait in line before getting served by the checkout employees?
4.28 min
b. (4 points) What is the average number of customers who are at the checkout desk, either waiting or currently being served? 2.93 customers.
c. (4 points) If there are no customers requiring checkout, the employees are sorting returned items, which there is always plenty of. Suppose that on average it takes 5 mins to sort a single item (record that it has been returned and place it in its position). How many items can the two employees sort over a 12-hour shift?
72 items
d. (3 points) As a special service, the store offers free snacks for customers waiting in the checkout line (the customers who are currently served by the checkout employees are already busy with payment so they do not get free snacks.) The store manager estimates that every minute of customer waiting time costs the store 75 cents because of the free snack service. What is the hourly cost for the store due to this service?
$64.20

To buy a product, customers must first have the need for the product.

Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.

Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.

Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.

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Answer:

what do you need help on

Explanation:

Answer:

a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers

Explanation:

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

Relationships. ...

End-of-Life Issues

etc.

Answer:

A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.

Explanation:

good luck with your homework <3

The two standards of discrimination - disparate treatment versus is false. Of the four affirmative defenses for unequal pay is false. Astute professionals must be aware of legislative and judicial currents is true.

The two standards of discrimination, disparate treatment and disparate impact, can be applied to pay issues. Disparate treatment refers to intentional discrimination based on protected characteristics, such as sex, where individuals are treated differently in terms of pay. Disparate impact refers to practices or policies that may appear neutral but have a disproportionately negative impact on certain protected groups, leading to pay disparities.

Regarding the second statement, without specific data or context, it is not possible to determine whether "a factor other than sex" has prompted the most court cases related to unequal pay for equal work. The frequency of court cases can vary depending on various factors, including the jurisdiction, specific circumstances, and prevailing legal issues.

The third statement is true. Professionals who deal with compensation practices should stay updated on legislative changes and judicial interpretations to ensure that compensation practices align with legal requirements and protect the interests of both employers and employees. Being aware of legislative and judicial currents helps in maintaining compliance and avoiding potential legal pitfalls.

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Answer: B: The trend toward hiring temporary workers is up

Explanation: A temporary help agency could be explained as an establishment which offers workers to its client's for temporary use or need. The client notifies the agency of its need for temporary workers and the agency does as required. The temporary help agency business could be seen as a good business to establish due to the rising demand for temporary workers by organization in other to reduce the number of permanent personnel their payroll. This logic ensures that these organizations reduce the cost of salaries and benefits of their employees.

Answer: be exercising judicial restraint if it requires June to pay as she promised, even if the agreement was unfair and unwise.

Explanation:

Judicial restraint simply means a situation whereby judges aren't allowed to inject their own preferences into rulings and legal proceedings. It simply means that judges should limit exercising their own power during legal proceedings.

In this case, since June doesn't understand the contract but still signed, the court would be exercising judicial restraint if it requires June to pay as she promised, even if the agreement was unfair and unwise. It's advisable for the court not to interfere in the matter and follow the normal proceedings.

Answer:

A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

Answer:

Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions:[1][2]

Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;

Contractual institutions – insurance companies and pension funds

Investment institutions – investment banks, underwriters, brokerage firms

Answer:

Leading economic indicator.

Explanation:

Leading economic indicators are objective data regarding the economy of a given country or region, which allow projections of future development of the economy of that place. Thus, based on data such as the current economic performance of the place, inflation, the exchange rate, the unemployment rate, etc., projections can be made about how the future economic cycles of the place will develop.

A reason could be to help the customer get their delivery faster or a way that they prefer.

Effective way to manage performance is by setting goals, tracking progress, and reflecting on areas for improvement . Strive to stay organized and prioritize tasks to ensure meeting the goals. Continuous  feedback and follow ups from the colleagues and supervisors to gain insight and adjust the strategies as needed.

Performance management is a systematic method for developing and maintaining better employee performance, which boosts businesses' effectiveness.

Performance management is crucial from a business perspective to guarantee that corporate strategy and goals are met.

It enables managers and executives to concentrate on particular areas to fulfil goals. Without performance management, the business wouldn't know how it was doing and wouldn't be able to change its goals or the plan it utilised to get them.

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Answer:

Volunteering at a health clinic after school​

Explanation:

If Melissa plans on becoming a nurse, she should look for extracurriculars which could help support her in her future years. Volunteering at a health clinic could provide her with hands on experience opposed to cheerleading or charcoal drawing which are good for hobbies and fun activities. But if Melissa really has a passion to become a nurse she should look for extracurriculars which not only interest her but may be of benefit to her.

Answer:

The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies.

Explanation:

Facial recognition technology are retailers using to identify shoppers as they enter a store to allow store staff to customize the shopper’s buying experience.

Who is said to be retailers?

Typically, retailers would purchase products from a producer, wholesaler, or other distributor and resale them to the general public. Small, family-run pharmacies or your neighborhood grocery shop can buy from the same outlets or from smaller suppliers, unlike large merchants like Walmart and Target which buy products in bulk from producers or wholesalers.

In either case, the merchant charges the customer a markup (the distinction between the product's purchase price and resale price) for such things. Retailers achieve profitability in this way.

Retailers must be set up to sell to customers directly in some way. Making decisions regarding physical and digital venues as well as how to sell things and engage with customers are all part of this.

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Answer:

Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is

Answer:

Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.

Explanation:my mom works for customerservice

True, Outgoings are expenses associated with owning and running a piece of real estate.

Property owners must set aside a portion of their income for these expenses, which may include property taxes, mortgage payments, and maintenance costs. Outgoings are needed to maintain functionality and competitive advantage of real property.

True. Outgoings, such as maintenance and upgrades, are necessary to keep a property in good condition and to increase its value. For example, if a property owner does not keep up with maintenance, the property may become less desirable to renters or potential buyers. On the other hand, if a property owner invests in upgrades and improvements, the property may become more desirable and may be able to command a higher price in the market.

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Answer:

Health identity theft is when criminals steal victims names.

Explanation:

health insurance numbers and other personal data and then defraud insurers by making false claims. To combat the problem, some medical ...

A sales orientation is common for businesses selling products or services in highly competitive markets.

In highly competitive markets, businesses often focus on sales-oriented strategies to gain a competitive advantage and maximize their market share. A sales orientation emphasizes persuasive selling techniques, aggressive promotion, and a proactive approach to closing sales. The primary goal is to convince customers to choose their products or services over those of competitors.

In such competitive environments, businesses need to actively engage in sales efforts to attract customers, differentiate their offerings, and create a sense of urgency to purchase. They may invest heavily in advertising, sales promotions, and personal selling to drive sales and generate revenue.

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Answer:

apr 28

Explanation:

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Non-bank credit alternatives, typically charge much higher interest rates than traditional banks.

The high interest rates charged by non-bank credit alternatives can have different effects on the banked and unbanked populations. For banked individuals who have access to traditional banking services and can qualify for loans with lower interest rates, the high interest rates charged by non-bank lenders may not be a concern.

However, for the unbanked or underbanked who do not have access to traditional banking services, non-bank credit alternatives may be one of the few options available to them.

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The borrower's payment for February 2007 was 30 credit limit days overdue. In February 2007, the borrower is 30 days late with the credit payments; otherwise, they are made on time. Paying for whatever you've bought with your credit card.

We also accept credit cards for mail-in or online orders. It's possible that your supplier will find themselves "in credit" with you if you pay your energy bill via direct debit, which means that they owe you money.

When using a Visa card to make a transaction, the user consents to repay the bank later; hence, the card is considered a form of credit. Credit can be given in cash or in other ways.

A unique The weight of chocolate chips in an 18-ounce package falls in the 27th percentile. Ahoy! chip cookies contain 190 chocolate chips.The middle 97% of X are found between the 1.5th percentile and the 98.5th percentile.

The "NORM.S.INV" function in Excel allows us to

The associated z-score for the 1.5th percentile is -2.17.

The z-score that represents the 98.5th percentile is 2.17. The X value for the 1.5th percentile is therefore X=p+zoX = 1262 + (-2.17 x 118)X 1006

And X=u+ zoX = 1262 + (2.17 x 118)X 1518 is the result that corresponds to the 98.5th percentile. The 1006 to 1518 chocolate chips that make up the middle 97% of a bag of chips Ahoy! constitute the bag's total chocolate chip content.

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a. In the short run, the firm should produce the output level where marginal cost equals marginal revenue, which is the level of output where it maximizes its profits.

b. In a perfectly competitive market, each firm is a price taker and must accept the prevailing market price. Therefore, the firm should charge the market price of $120 per unit in the short run.

c. The firm's short-run profits can be calculated by subtracting its total costs from its total revenue, which is equal to the market price multiplied by the quantity of output it produces.

d. In the long run, we would anticipate adjustments such as entry or exit of firms. If the firm is earning economic profits, other firms may be incentivized to enter the market, increasing competition and potentially reducing profits. Conversely, if the firm is incurring losses, it may lead to exit as firms seek more profitable opportunities.

a. To determine the optimal output level, the firm should produce where marginal cost (MC) equals marginal revenue (MR). In a perfectly competitive market, the marginal cost curve is equal to the firm's supply curve. To find the optimal quantity, we set MC equal to the market price. The marginal cost function for the firm is given as C'(Q) = 12 + 4Q. Setting this equal to the market price of $120, we have 12 + 4Q = 120. Solving for Q, we find Q = 27. Therefore, the firm should produce 27 units in the short run.

b. In a perfectly competitive market, the firm is a price taker and must accept the prevailing market price. In this case, the market price is given as $120 per unit. Hence, the firm should charge the market price of $120 per unit in the short run.

c. The firm's short-run profits can be calculated as total revenue minus total costs. Total revenue is equal to the market price multiplied by the quantity produced, which is $120 multiplied by 27 units, resulting in $3,240. Total costs can be calculated by plugging the quantity (27) into the cost function C(Q) = 50 + 12Q + 2Q^2. Therefore, total costs equal 50 + 12(27) + 2(27)^2 = $1,868. Subtracting total costs from total revenue, the firm's short-run profits would be $3,240 - $1,868 = $1,372.

d. In the long run, if the firm is earning economic profits, other firms may be incentivized to enter the market. This entry of new firms would increase competition, potentially leading to a decrease in prices and profits over time. Conversely, if the firm is incurring losses, it may lead to exit as firms seek more profitable opportunities or adjust their operations. These adjustments in the long run help stabilize the market and tend to move profits towards zero, where firms earn normal profits.

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Liquidity played a critical role in the financial crisis of 2008. The lack of liquidity in the market caused a chain reaction of events that eventually led to the collapse of the financial system. The reduction of credit availability caused a downturn in the economy and asset prices, which further impacted liquidity.

Financial institutions that relied on short-term funding found themselves unable to secure the necessary funds to meet their obligations, which resulted in a credit crunch. The primary cause of the lack of liquidity was the creation of complex financial instruments, such as mortgage-backed securities, which made it difficult to determine the underlying value of assets.

This uncertainty led to a lack of trust between financial institutions, causing a reluctance to lend to one another. Moreover, the collapse of the housing market and the high number of mortgage defaults further exacerbated the liquidity problem.

The lack of liquidity caused a ripple effect, and banks, mortgage lenders, and other financial institutions began to fail, leading to widespread panic in the financial markets. The government intervened with measures such as the Troubled Asset Relief Program (TARP), which provided financial institutions with much-needed liquidity to stabilize the markets. In conclusion, the lack of liquidity was a crucial factor in the financial crisis of 2008, and its effects were felt worldwide.

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The correct statement regarding Investment Banks is Under the Glass-Steagall Act, commercial banks were allowed to operate as Investment banks. So, the correct option is (D).

The Glass-Steagall Act, also known as the Banking Act of 1933, separated commercial banking activities from investment banking activities. It prohibited commercial banks from engaging in certain investment banking activities, such as underwriting securities. However, it is important to note that the act allowed commercial banks to operate as investment banks.

Option A is incorrect because the repeal of the Glass-Steagall Act in 1999, through the Gramm-Leach-Bliley Act, allowed for the merger of commercial banks and investment banks, removing the requirement for them to be separate entities.

Option B is incorrect because as of 2010, stand-alone investment banks were not numerous. The financial crisis of 2008 had a significant impact on the investment banking industry, and many stand-alone investment banks either failed, were acquired by other financial institutions, or converted into bank holding companies.

Option C is also incorrect because not all stand-alone investment banks failed, merged into commercial banks, or became commercial banks as a result of the financial crisis of 2008. While some investment banks faced significant challenges and underwent changes, such as the conversion to bank holding companies or acquisitions, not all stand-alone investment banks were affected in the same way.

therefore, the correct option is D. Under the Glass-Steagall Act, commercial banks were allowed to operate as Investment banks.

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the net present value from installing this system is $1,312,553.59.

To calculate the net present value (NPV) from installing the lockbox system, we need to estimate the initial cost of installing the system and the annual savings from using it. Here are the steps to calculate the NPV:

Calculate the annual savings from using the lockbox system. The reduction in mail time is 1.6 days and the combined clearing and processing time is 0.5 days, so the total time savings is 2.1 days per day. Since the firm receives 654 checks per day, this translates to a time savings of 1373.4 hours per year (654 x 2.1 x 365). To convert this time savings into a dollar value, we need to calculate the opportunity cost of the time saved, which is the return that the firm could earn if it invested the time savings in a risk-free asset like a T-bill. The T-bill rate is 0.009% per day, or 3.285% per year (0.009% x 365). Therefore, the annual savings from using the lockbox system is:

Annual savings = time savings x opportunity cost per hour

= 1373.4 hours x $975 x 3.285%

= $44,574.23

Calculate the initial cost of installing the lockbox system. The bank will charge $0.17 per check, so the annual cost of processing 654 checks per day is:

Annual cost = $0.17 x 654 x 365

= $40,224.30

Calculate the NPV using the following formula:

NPV = -Initial cost + Present value of annual savings

where the present value of annual savings is calculated using the T-bill rate. Assuming a discount rate of 3.285%, the present value factor for year 1 is 0.967, so the present value of the first year's savings is:

Present value of year 1 savings = Annual savings x Present value factor

= $44,574.23 x 0.967

= $43,098.63

The present value factor for years 2 to infinity is 0.935, so the present value of the remaining years' savings is:

Present value of remaining years' savings = Annual savings x Present value factor / (discount rate - growth rate)

= $44,574.23 x 0.935 / (0.03285 - 0)

= $1,309,679.26

Therefore, the NPV of installing the lockbox system is:

NPV = -$40,224.30 + $43,098.63 + $1,309,679.26

= $1,312,553.59

So the net present value from installing this system is $1,312,553.59.

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Currently at the moment the auto brands ford is making is of the following: Lincoln. Have a good day and I hope this helps you :D

Answer:

Financial Accountant

Explanation:

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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