(Answered) The local publix grocery has five regular lanes and one

Finance

The local Publix Grocery has five regular lanes and one express lane (12 items or less only). Based on a sampling study, it takes 11 minutes on the average for a customer to go through the regular line and 4 minutes to go through the express line. The store opens at 9 am and closes at 9 pm each day. (I know these aren't Publix's normal hours, but it is easier to give it a 12 hour day).

1. What is the store's maximum capacity in customer's per day if they have all the lines open all the time?

2. The store has determined that it can install another express line for a minimum cost of $250,000. if the average customer spends $53 per visit on groceries, would you recommend that Publix install this line or not? Why or why not?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91615944
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

If you deposit 970 every year for the next 6 years with

If you deposit $970 every year for the next 6 years, with first deposit to be made today and all deposits to be made at the beginning of every year, in an account that pays 8.01% APR with annual compounding, how much is ...

What is interest rate parity the international fisher

What is Interest Rate Parity, the International Fisher Effect, and international arbitrage opportunities with interest and currency exchange rates.

The inflation rate over the past year was 42 percent if an

The inflation rate over the past year was 4.2 percent. If an investment had a real return of 9.4 percent, what was the nominal return on the investment? 13.99% 14.77% 15.55% 4.75% 4.99%

What is an integrated supply chain and how does it differ

What is an integrated supply chain and how does it differ from the traditional idea of a supply chain?

Principals of financial markets group assignment -in groups

Principals of Financial Markets Group Assignment - In groups of 3-4, students should choose firstly an industry and secondly two (2) ASX listed companies in this same industry upon which to undertake a fundamental analys ...

Burke tires just paid a dividend of d0 134 analysts expect

Burke Tires just paid a dividend of D0 = $1.34. Analysts expect the company's dividend to grow by 30% this year, by 19.25% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low ...

Questions -q1 openseas inc is evaluating the purchase of a

Questions - Q1. OpenSeas, Inc. is evaluating the purchase of a new cruise ship. The ship could cost $499 million, but would operate for 2020 years. OpenSeas expects annual cash flows from operating the ship to be $ 68.7 ...

The firm has bonds that pay a 5 coupon rate mature in 10

The firm has bonds that pay a 5% coupon rate, mature in 10 years and sell for $975. The preferred stock is selling for $35 and pays a $3.00 dividend. The common stock is selling for $20, just paid a $2.25 dividend and is ...

Suppose you expect to rent a house when you retire in 35

Suppose you expect to rent a house when you retire in 35 years. Today, rent for a 3 bedroom, 2 bathroom home costs $36,000 per year. You expect inflation to be 2% per year between now and when you die and that rent will ...

You have an opportunity to invest 2500 today and receive

You have an opportunity to invest $2,500 today and receive $3,000 in three years. What would be the return on your investment if you accepted this opportunity? (Round answer to 2 decimal places, e.g. 52.75.) Return on ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert