Problem 15-11 (algorithmic) agan interior design provides home and office decorating assistance to its customers. in normal operation, an average of 3.2 customers arrive each hour. one design consultant is available to answer customer questions and make product recommendations. the consultant averages 12 minutes with each customer. compute the operating characteristics of the customer waiting line, assuming poisson arrivals and exponential service times. if required, round your answers to four decimal places. lq = l = wq = hours w = hours pw = service goals dictate that an arriving customer should not wait for service more than an average of 8 minutes. is this goal being met? if not, what action do you recommend? if the consultant can reduce the average time spent per customer to 9 minutes, what is the mean service rate? if required, round your answer to one decimal place. customer per hour will the service goal be met?

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.