Answer:
Steps to Solving the Problems With Your Problem Solving
Step 1: Pin the Problem. Clearly define the issue at hand. ...
Step 2: Identify the Issues. Start breaking down the problem into subcomponents. ...
Step 3: Generate Hypotheses and Prioritize Proving Them. ...
Step 4: Conduct Your Analysis. ...
Step 5: Advance Your Answer
Answer:
$51,608.69
Explanation:
Given that
Interest rate = 5%
Future value = $85,000
Time period = 10 years
So by considering the above information, the Present value is
= Future value ÷ (1 + interest rate)^time period
where,
Future value = $85,000
Interest rate = 5% ÷ 12 months = 0.4166%
Time period = 10 years × 12 months = 120 months
Now the present value is
= $85,000 ÷ (1 + 0.4166%)^120
= $51,608.69
<u>Solution and Explanation:</u>
<u>As per the given data:</u>
Quarter 1 = 90000, Quarter 2 = 90000, Quarter 3 = 60000, Quarter 4 = 140000
a. Quarterly production rate is calculated as follows:
Q = ( 90000 + 90000 + 60000 + 140000 ) divide by 4
after calcualting the above equation, we get, = 95000 gallons per quarter tin order to meet the demand.
b. Anticipation inventory:
1 st quarter = 95000 minus 90000 = 5000 gallons
2 nd quarter = 95000 minus 90000 = 5000 + 5000 in prior quarter = 10000 gallons
3 rd quarter = 95000 minus 60000 = 35000 + 10000 in prior quarters = 45000 gallons
4th quarter = 140000 minus 450000 minus 95000 = 0 gallons.
Answer:
There are 6 customers in the barber shop on an average.
Explanation:
As per the Little's law, the average number of costumers or individuals in a system (L) can be calculated by multiplying the average arrival rate (λ) and the average time each customer spends in the system (W).
The algebraic expression, is as follows:
L = λW
Here,
L=inventory or average number of customers in the system.
λ=arrival rate = 10
W=flow time average customer spends in the system = 0.6
L = 0.6 * 10 = 6
Thus, there are 6 customers in the barber shop on an average.