A small barber shop has a single chair and an area for waiting, where only one person can be in the chair at a time, and no one leaves without getting their hair cut. So the system is roughly: Entrance → Wait → Haircut → Exit Assume customers arrive at the rate of 10 per hour and stay an average of 0.6 hour. What is the average number of customers in the barber shop? (Round your answer to 1 decimal place.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A small barber shop has a single chair and an area for waiting, where only one person can be in the chair at a time, and no one leaves ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Junkyard Arts, Inc., had earnings of $290,400 for the year. The company had 52,000 shares of common stock outstanding during the year and issued 2,500 shares of $100 par value preferred stock. The preferred stock has a dividend of $8 per share.
Answers (1)
Lowery Co. uses the direct write-off method of accounting for uncollectible accounts receivable. Lowery has a customer whose accounts receivable balance has been determined to likely be uncollectible.
Answers (1)
Kelly Andersen founded a technology consulting firm several years ago. Her firm has grown rapidly and isfinancially successful.
Answers (1)
What do you feel would be a minimally acceptable rate of pay?
Answers (1)
HG Livery Supply had a beginning accounts payable balance of $57,300 and an ending accounts payable balance of $55,100. Sales for the period were $610,000 and costs of goods sold were $458,000. What is the payables turnover rate
Answers (1)
New Questions in Business
On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of $18,000.
Answers (1)
Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 60,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date.
Answers (1)
Altman Corporation is considering investing $75,000 in a new piece of machinery that will generate net annual cash flows of $25,000 each year for the next 5 years. The machine has a salvage value of $8,000 at the end of its 5 year useful life.
No Answers
External users of financial information: Multiple Choice Are those individuals involved in managing and operating the company. Are not directly involved in operating the company. Make operating decisions for a company.
Answers (2)
Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the lessee is
Answers (1)