Ethan received a gift card and was considering three options: digital camera, cell phone, and video games. After carefully think

Answer:

R = 4 customers per minute

I = 12 customers in line

average time (T) = 3 minutes per customer

Explanation:

if we apply Little's Law and the assumptions attached: L = λW

• L = average number of clients in queue = 12
• λ = rate of arrivals or departures = 4 per minute
• W = average wait time

W = L / λ

average wait time = average clients in line / average clients arriving (or leaving) = 12 / 4 = 3 minutes

Little's Law can also be expressed as I = RT

I = L

R = λ

Response:

At the time of retirement, Luis will possess $ 1,153,675.657524 in his retirement account.

Reasoning:

Luis currently has $170,000 in his retirement fund

After compounding at 4.5% quarterly for 30 years, his account will grow to

Account balance = $ 170,000(1 + (0.045/4))^(4*30)

Account balance = $ 650,838.260724

Moreover, Luis intends to contribute $2000 each quarter into the new account for the next 30 years prior to retirement.

The future value (FV) of this account is calculated as

FV = 2000[(1 + (0.045/4))^(4*30) -1] / (0.045/4)  0.01125

FV = $ 502,837.3968

To determine Luis’s total balance at retirement, we calculate the following:

Total amount = Account balance + FV

Total amount = $ 650,838.260724 +  $ 502,837.3968

Total amount = $ 1,153,675.657524

Luis will have $ 1,153,675.657524 in his retirement account.

The choices for this inquiry are not provided; here is the section that is absent:

What two kinds of departmentalization can be seen in this instance?

A. Product and customer

B. Product and geographical

C. Customer and geographical

D. Functional and customer

E. Geographical and functional

The correct response to this query is B. Product and geographical

Explanation:

Departmentalization is the process of forming departments, units, etc., within businesses to enhance goal achievement and allocate roles and tasks. This can occur based on various factors such as geography, products, or functions.

In the situation of Spicy Dish, a distinct geographical departmentalization is apparent since the distributor has organized units according to location, allowing the company to have a unit in every significant geographical area like North America, Europe, etc. Additionally, this firm has established units according to products as it has created two distinct units in North America, with each focusing on a different product (beans/salsa.)