Trosper tire company has decided to hire a new mechanic to handle all tire changes for customers ordering a new set of tires. two mechanics are available for the job. one mechanic has limited experience and can be hired for $7 per hour. it is expected that this mechanic can service an average of three customers per hour. a mechanic with several years of experience is also being considered for the job. this mechanic can service an average of four customers per hour, but must be paid $10 per hour. assume that customers arrive at the trosper garage at the rate of two per hour. a) compute waiting-line operating characteristics for each mechanic b) if the company assigns a customer waiting cost of $15 per hour, which mechanic provides the lower operating cost? note: this is the cost of customer waiting in the system.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)