Question: Checking accounts at a local bank carry an average balance
Checking accounts at a local bank carry an average balance of $ 3,000. The bank turns over its balance 6 times a year. On average, how many dollars flow through the bank each month?
Answer to relevant QuestionsA hospital emergency room (ER) is currently organized so that all patients register through an initial check- in process. At his or her turn, each patient is seen by a doctor and then exits the process, either with a ...Cheapest Car Rental rents cars at the Chicago airport. The car rental market consists of two segments: the short-term segment, which rents for an average of 0.5 week, and the medium-term segment, which rents for an average ...Reconsider the law firm of Exercise 5.1. Assume the prevailing revenues per shopping and medical projects are $ 4000 and $ 5000 per project, respectively, and that out of pocket expenses associated with each project are ...BIM Computers Inc. sells its popular PC- PAL model to distributors at a price of $ 1,250 per unit. BIM’s profit margin is 20%. Factory orders average 400 units per week. Currently, BIM works in a batch mode and produces a ...Daily consumption of fasteners at Boeing commercial airplane manufacturing facility is normally distributed with a mean of 1,000 and a standard deviation of 150. Each fastener costs $ 2. Boeing reviews its inventory every 2 ...
Post your question