What is the implied service rate at a bank teller's window if demand is 26 customers per hour, and the bank staffs 3 tellers with an average utilization of 80%?

Q: A company is considering extending creait to a new customer. If the customer is approved, credit…

A: In this question breakeven probability of default is applicable on first transaction only because…

Q: Sherman’s Sherbet currently takes about 6 days to collect and deposit checks from customers. A…

A: Collection average = $15,000 Days of collection = 6 Reduced time = 3 Interest rate = 0.02%

Q: The Fortune Supermarket has on the average shopping in the store between 8-12 AM and 2-6 PM on…

A: Total working hours on Saturday is 8 hours [i.e 4 hours (8-12am) and 4 hours (2-6pm)] Four option is…

Q: Community Financial provides lockbox services. They estimate that your firm can reduce its average…

A:

Q: 1. XYZ Company sells books to universities. The company policy is to sell 60% cash and the rest in a…

A: The difference between a company's total revenue and total costs over a given period is known as…

Q: a.  Assume that the cost of goods sold is 60% and that the monthly discount rate is 1%. Looking at…

A: LTV is abbreviated for "Lifetime Value." Lifetime Value, in a business sense, is the overall value…

Q: A store in a more popular location expects to sell 6 eyePhones every 15 minutes. How many eyePhones…

A: Solution:- We know 1 hour = 60 minutes So, Expected sales in one hour =  (Sales in 15 minutes/15) x…

Q: ock Solid Bank and Trust (RSB&T) offers only checking accounts. Customers can write checks and use a…

A: Operating Profit = Sales Revenue - Interest Cost - Operating cost

Q: The local ACE hardware store expects to have 40,000 sales transactions in November, amounting to…

A: The given question is based on the concepts of budgeting, especially cash budgeting, in which the…

Q: Compute the operating profit for Northwestern Bank. Compute the profit from Emily and Jacob,…

A: Given in the question:Total Deposits = $612,270,000Interest earnings on deposits = 4.1%Interest to…

Q: 3. Savings Bank of Goodworks has three revenue-generating departments: checking accounts, savings…

A: The step method of cost allocation is also referred to as the sequential method of cost allocation…

Q: A company receives three check per month. Each is for $25,000. The number of days float on the first…

A: A check is a financial document issued by one person to the bank that orders a bank to pay a…

Q: A CARDBOARD BOX FACTORY pays its suppliers 40 days after making the purchase and receiving the…

A: The question is related to Operating cycle in Working Capital Management.   Since you have posted a…

Q: A credit card company is studying its late fee policy. The company has two types of customers:…

A: Accounts - In situations when suppliers offer clients products and extend credit terms like "net 10…

Q: Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of…

A: Accounts receivable aging is a periodic report that categorizes a company's accounts receivable…

Q: Pretty Lady Cosmetic Products has an average production process time of 40 days. Finished goods are…

A: Short term financing need can be calculated by using this equation Financing need =Inventory…

Q: Anne Teak, the financial manager of a furniture manufacturer, is considering operating a lock-box…

A: A lockbox system is used when a company has high collection float  and the funds are locked up. The…

Q: LPC Bank operates a call centre to deal with customer queries. The following information is…

A: Calculation of amount of bonus paid :  10 operators  = 10 operators x 36 hours x RM8 per hour x 20%…

Q: Problem with explanation.

A: Solution: Number of check-out clerks employed = 80 cost of check-out clerks = $800 per week…

Q: STATE FARM Company supplies components to auto repair shops. These shops send their checks via…

A: Given, Receiving time=2 daysProcessing time=2 daysClearance time=24 hours i.e. 1 day Total no. of…

Q: The firm's bank charges $18 per wire and $0.50 per EDT. The EDT takes one day longer to clear. The…

A: Since  The minimum transfer balance= TBAL TBAL=Incremental costDS×(K-ECR(1-RRR))365 Where: DS= Days…

Q: Shannon's currently boasts a customer base of 1,750 customers that frequent the brewhouse on average…

A: CLV stands for customer lifetime value refers to the profit generated by the business during its…

Q: A customer support call center receives an average of 20 calls per hour, and it employs number of…

A: Step 1: Step 2: Step 3: Step 4:

Q: What account would 15,000 subscriptions at $15 each go? And if half was collected in cash and the…

A: Lets understand the basics. Jounral entry is required to make to record event and transacion that…

Q: Choose the correct letter and provide solution A firm has total annual sales (all credit) of…

A: To Know in how many days accounts receivable will be collected , we have to calculated average…

Q: A credit card account with an APR of 15.1% had an average daily balance of $312.90 over a billing…

A: A finance charge refers to an amount being charged by banks or financial institutions over the…

Q: Your neighbor goes to the post office once a month and picks up two checks, one for $ 17,000 and one…

A: > now calculate the total float as follows below:..> Total float = 8000

Q: Rock Solid Bank and Trust (RSB&T) offers only checking accounts. Customers can write checks and use…

A: Requirement a) Calculation of operating profit Revenue (1,125,000,000*7.2%) 81000000…

Q: Consider the checkout process of a grocery store with ten identical cashiers performing the checkout…

A: Solution: Since, each cashier has his own queue. So, for part-1 and 2, we will assume 10 identical…

Q: Assume a firm has a cash cycle of 38 days and an operating cycle of 63 days. What is its average…

A: The cash cycle and operating cycle are both important financial metrics that help businesses…

Q: A Mikey's sells $119,500 of its accounts receivable to factors at a 1% discount. The firm’s average…

A: The factoring services are used by the business to sell out their account receivables at a discount…

Q: Mervyn's Fine Fashion has an average collection period of 30 days. The accounts receivable balance…

A: Average Collection Period is that period under which period we have received the credit sales…

Q: ou want to open a checking account with a $500 deposit. You estimate you will write 16 checks a…

A: We open bank accounts so that we can deposit our money there, write checks to pay our bills etc.…

Q: The account has 35 full-time staff and 10 temps. What is the current temp ratio? How many full-time…

A: Currant temps ratio here will be Currant temp ratio =Temps staff/Total staff

Q: What is the annual cost of a checking account with a monthly fee of $7.50 and a processing fee of…

A: The amount to be paid by a checking account holder for using and maintaining it on a yearly basis is…

Q: A loan processing operation that processes an average of 7 loans per day. The operation has a design…

A: Design capacity = 12 Loans per day Effective capacity = 9 Loans per day Actual Output = 7 Loans per…

Q: The firm's bank charges $18 per wire and $0.50 per EDT. The EDT takes one day longer to clear. The…

A: Since  Minimum Transfer Balance (TBAL)=Incremental costNo. of days saved×(Investment Opportunity…