Benny the barber owns a one-chair shop. at barber college, they told benny that his customers would exhibit a poisson arrival distribution and that he would provide an exponential service distribution. his market survey data indicate that customers arrive at a rate of two per hour. it will take benny an average of 20 minutes to give a haircut. a. what is the average number of customers waiting? (round your answer to 4 decimal places.) average number of customers waiting b. what is the average time a customer waits? (round your answer to nearest whole number.) average time a customer waits minutes c. what is the average time a customer is in the shop? average time a customer minutes d. what is the average utilization of benny's time? (round your answer to the nearest whole percent.)
average utilization %

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?