In the previous two presidential elections in the United States, very long wait times have been witnessed at precincts (voting stations) in some states. In Philadelphia as well, some voters complained about the long lines in some precincts, with most of the complaints coming from precinct A. In 2020, the average number of voters arriving at Precinct A was 35 per hour and the arrivals of voters was random with a coefficient of variation of 1 (CVa=1). Philadelphia deployed 1 voting machine in Precinct A. Suppose that each voter spent, on average, 1.667 minutes in the voting booth (this is the time needed to cast his/her vote using a voting machine), with a standard deviation of 2 minutes. How long, on average, did a voter have to wait in line at precinct A in 2020 before entering a booth to cast his/her vote?

a. 58 minutes
b. 60 minutes
c. 62 minutes
d. 56 minutes
e. 71 minutes
f. There is not sufficient information to answer the question.

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation