Answer: Perishability
Explanation: In simple words, perishability refers to the problem under which a service is in use for a definite period of time and after that has no value.
In the given case, the storage capacity of Alex Smith has no use after summer months.
Hence from the above we can conclude that the source of problem is perishability.
Answer:
5,409 books
Explanation:
to calculate break even point in units we can use the following formula:
break even point in units = total fixed costs / contribution margin per unit
- total fixed costs = $53,000
- contribution margin per unit = sales price - variable costs = $12 - $2.20 = $9.80
break even point in units = $53,000 / $9,80 = 5,408.16 ≈ 5,409 books
in $, that would equal = 5,409 books x $12 per book = $64,908
Answer:
The standard deviation of 75 dollars
Explanation:
Standard deviation, S.D.= 75 dollars; Mean, M= 225 dollars; Mean deviation, D= ?
S.D. = √ D² - M
∴ 75 = √ D² - 225
D² = 75² - 225 = 5625 + 225 = 5950
∴ D = √5950 = 24.4 dollars
From the above, it shows that, the standard deviation of 75 dollars contains the middle 95 percent of hourly sales.
Answer:
An entity is an abstract category or grouping of things that share a common quality, and an instance, is a particular form or type of the entity.
In a barbershop, the main entities would be:
- Barbers
- Hair Cutting instruments
- Furniture
And some instances for each entity would be:
- Barber - Barber A, Barber B, Barber C, each representing a different person.
- Hair Cutting instruments - razors, blades, clips.
- Furniture - chairs, counter, mirrors, brooms, bulbs.