For the purposes of estimating the effective borrowing cost…
For the purposes of estimating the effective borrowing cost (EBC), only those up-front expenses associated with obtaining the mortgage should be included. Which of the following costs should not be included in one’s calculation of EBC?
Read DetailsC&A Museum has three million visitors per year. Each visitor…
C&A Museum has three million visitors per year. Each visitor spends an average of 1 hour in the museum. What is the average number of visitors in the museum on a given day if the museum is open 300 days a year from 9 a.m. to 5 p.m.?
Read DetailsC&A uses 1200 pounds of milk per day to make ice cream. On a…
C&A uses 1200 pounds of milk per day to make ice cream. On average, C&A uses 12 pounds of milk to make one gallon of ice cream in 4 hours. How many gallons of ice cream are being made on average at any one time if C&A operates for 8 hours a day?
Read DetailsA drive-through at C&A Fast Food serves 300 customers over a…
A drive-through at C&A Fast Food serves 300 customers over a 10-hour day. On average, a customer spends 2 minutes waiting in line, 3 minutes placing the order, and 5 minutes completing the order before leaving the drive-through. How many customers on average are “in” the drive-through (i.e., from the time they enter to the time they exit the drive-through) on a typical day?
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