Answers
Imhoff Company leases a new building from Noble Construction, Inc. The present value of the lease payments is given $700,000.
The journal entry for the following data will be given:
Dr- right-of-use asset | $700,000 (debit side)
Cr- lease liability | $700,000 (credit side)
When engaging in the finance lease, the business would have to account for both the lease debt and the lease as an asset (right-of-use asset) (present value of lease obligations owed to the lessor).
As a result, $700,000 would be deducted from the right-of-use asset and charged to the lease liabilities.
A journal entry is an act of recording any transaction, whether it is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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Related Questions
100 POINTS AND BRAINLYEST TO WHOEVER ANSWERS IT
Task 1: Economic Concepts
Perform online or offline research to learn more about basic economic concepts and write short reports on each of the following topics:
• three basic questions answered by the economy
• key differences between needs and wants
• importance of the factors of production
Task 2: State of the World Economy
Perform online research and write a short essay on the state of the world’s economy. Be sure to include the following points in your essay:
• comparison of the US economic system with other economic systems
• the ways in which Asian economies have changed the global trade scenario in the last ten years
Answers
Answer:
Explanation:
I put the screenshots for what I put for these answers, because it wouldn't let me upload the whole thing but if there's anything I can fix lmk
Also sorry for the late answer :(
Four key economic concepts—scarcity, supply, and demand, costs and benefits, and incentives—can help explain many decisions that humans make.
What is the meaning of Supply and demand?Supply and demand is indeed an economic theory that describes how prices are set in a market in microeconomics. In a market where prices are competitive, it is hypothesized that the unit price for a certain good will remain constant.
In economics, the relationship between the quantity of a good or service that producers want to sell at different prices and the quantity that consumers want to buy is known as supply and demand. It serves as the primary model for determining prices in economic theory.
The link between the price of a given thing or product and the desire of consumers to either buy or sell it is defined by the law of supply and demand. In general, as a good's price rises, more people are prepared to offer it than want it.
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Your shift's productivity is slow because one person isn't doing his share.
The rest of the team is getting upset.
What would you be most and least likely to do?
Answers
Answer:
help the person out,and not yell at them.
Explanation:
If one person sinks then the whole team sinks. Team work makes the dream work :o
The most and least likely action to resolve the given situation would be as follows:
To know the cause of that individual's inefficiency because it is distressing the other team members as well. As the leader, it is crucial to keep the team motivated and resolve any of the problems or challenges they are facing throughout the process. This will help in resuming the work and productivity effectively back in its required state.Learn more about "Productivity" here:
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pauline company provided $500 of services to its client, republic company and received cash immediately. show how to record the transaction to the t-accounts of pauline company by completing the following sentence. (enter one word per blank.) cash would be (debited/credited) on the (left/right) side of the t-account and services revenue would be (debited/credited) on the (left/right) side of the t-account.
Answers
Cash would be debited on the left side of the t-account and Services Revenue would be credited on the right side of the t-account.
This transaction reflects an increase in the company's assets (cash) and an increase in its revenue (Services Revenue). Debiting cash on the left side of the t-account increases its balance, while crediting Services Revenue on the right side of the t-account increases its balance as well.
The completed T-account for this transaction would look like this:
Cash $500 $500
Services Revenue $500
Note that the left side of the T-account represents debits and the right side represents credits.
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What is meant by differemtial outcomes in regards to Diversity-validity dilema
Answers
The meaning of differemtial outcomes in regards to Diversity-validity dilema is the tradeoff between the selection of valid predictors a regards the employee performance.
What is diversity-validity dilemma?The diversity-validity dilemma can be described as the adverse impact that do occur through the selection decisions that is been focused on the selection tool .This focus on the tradeoff that exist between the valid predictors of employee performance .
It should be noted that the differential outcomes effect can be described as the theory in behaviorism, which is been used in the psychology field, and this help to display the positive effect with respect to the accuracy which can be found in the discrimination of learning.
In conclusion, this can be seen in the different stimuli in a case whereby there is a rewards which is been paired with each individual stimulus together so as to arrive at a common juncture.
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Annabelle Jefferson earns net self-employment income of $43,500. She does not work a second job.
Self-Employment tax =
Answers
Based on the net self-employment income to Annabelle Jefferson, and the fact that she does not work a second job, the self - employment tax is $6, 655.50
How to find the self - employment tax?As of the year 2022, the self - employment tax is based on the self - employment tax rate of 15.3 % which comprises of 12.4% Social Security tax and 2.9% Medicare tax.
Based on the net self-employment income to Annabelle Jefferson of $43, 500 therefore, the self - employment tax to Annabelle Jefferson would be:
= 43, 500 x 15. 3 %
= $6, 655.50
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Consider this scenario: “Your supervisor asks you to prepare a five-slide presentation for a brief executive training session. Company executives have new laptops with PowerPoint 2013 installed and he wants you attend the next training session to discuss PowerPoint document properties and demonstrate how to set them.” What information will you include in your presentation?
Answers
Since, the Company Executives have new laptops with PowerPoint 2013 installed , I would demonstrate the properties of PowerPoint 2013 in the presentation.
What is PowerPoint 2013 ?PowerPoint 2013 is a presentation software that allows you to create dynamic slide presentations. Slideshows can include animation, narration, images, videos, and much more.
The presentation will contain all the features of the PowerPoint and how to use them. The features include Presenter View, Color Picker, Play From and Motion Path End, Threaded comments, Switching accounts / SkyDrive integration.
Therefore, the presentation for the training session will include features about PowerPoint 2013 and how to use them.
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Which of the following are “matched” under the matching concept?
Answers
The matching notion relates to balancing off costs with the income generated by those costs. This is further explained below.
What is the matching concept?Generally, the matching concept is simply defined as Income and expenditures must be recorded in accordance with the matching principle of accounting.
In conclusion, This rule mandates that a company keep track of its outgoings in addition to its incoming income.
CQ
Revenues, expenses, and dividends are closed to retained earnings at the end of an accounting cycle. Which of the following is "matched" under the matching concept?
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8. What was the result of John overdrawing his checking account?
Answers
Based on John overdrawing his checking account, John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.
What happens when an account is overdrawn?From the statement of John's account given, we can see that John made a payment of $710.49 that was more than he had in the account.
As a result, he overdrew his account and took it to a negative balance. He will therefore have to pay an overdraft fee of $35.
Options for this question are:
John’s payment was greater than the balance he had available in his account so the bank will deposit $237.81 into John’s account so he can pay his bills.John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.John’s payment was greater than the balance he had available in his account so he was charged a $5 monthly maintenance fee.John’s payment was greater than the balance he had available in his account so the bank will transfer $35 from a linked account.Find out more on bank overdrafts at https://brainly.com/question/25532516
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A dispute is:
a) A letter
b) Claim or argument that an error was made
c) Unlawful act
d) A gross misunderstanding
Answers
I would say it’s b) Claim or argument that an error was made
Hope this helps!
What will happen to your taxes when you own a home?
a. I will pay more income taxes.
b. I may pay less in taxes because my mortgage interest is deductible.
c. There will be no change in my income taxes.
Answers
Answer:
A. I will pay more income taxes.
Palm Imagination makes and sells silk palm trees. Each tree uses 0.80 yards of silk fabric. Budgeted production of trees in units for the next five months is as follows:
Answers
1. The preparation of the direct materials purchases budget for June for Palm Imagination is as follows:
Direct materials purchases budgetJune
Budgeted production 26,570
Production materials 21,256
Inventory of Fabric:
Ending Materials 3,226
Production materials 21,256
Materials available 24,482
Beginning Materials 3,188
Unit Purchases 21,294 yards
Cost of purchases $42,588 ($21,294 x $2)
2. The amounts of Raw Materials and Finished Goods Inventory to be reported on Palm Imagination’s June 30 balance sheet are as follows:
Ending inventory of raw materials = $6,452.
Ending inventory of finished goods = $104,576.75.
Data and Calculations:Silk Fabric per tree = 0.80 yards
April May June July August
Budgeted production 24,160 23,490 26,570 26,880 22,900
Production materials 19,328 18,792 21,256 21,504 18,320
Inventory of Fabric:
Ending Materials 2,819 3,188 3,226 2,748
Production materials 19,328 18,792 21,256 21,504 18,320
Materials available 22,147 21,980 24,482 24,252
Beginning Materials 2,899 2,819 3,188 3,226 2,748
Purchases 19,248 19,161 21,294 21,026
Cost of purchases $38,496 $38,322 $42,588 $42,052
April May June July August
Budgeted sales 24,500 22,800 26,250 27,850 23,000
Finished Goods:Ending inventory 4,560 5,250 5,570 4,600
Budgeted sales 24,500 22,800 26,250 27,850 23,000
Goods available 29,060 28,050 31,820 32,450
Beginning inventory 4,900 4,560 5,250 5,570 4,600
Production units 24,160 23,490 26,570 26,880
Raw materials costs for June:Required production materials = 21,256
Total cost of materials = $42,512 (21,256 x $2)
Direct labor costs = $327,342.40 ($14 x 21,256 x 1.1)
Factory overhead costs = $29,227 ($1.25 x 23,381.60 hours)
Total production costs = $399,081.40
Unit production cost = $18.775 ($399,081.40/21,256)
Ending inventory of finished goods = $104,576.75 ($18.775 x 5,570)
Ending inventory of raw materials = $6,452 (3,226 x $2.00)
Question Completion:April May June July August
Budgeted production 24,160 23,490 26,570 26,880 22,900
Budgeted sales 24,500 22,800 26,250 27,850 23,000
The company wants to maintain monthly ending inventories of fabric equal to 15% of the following month's budgeted production needs, and monthly inventories of trees equal to 20% of the number needed for next month’s sales. The cost of silk is $2.00 per yard. Direct labor cost is $14.00 per hour and it takes 66 minutes to complete each tree. Factory overhead is applied at the rate of $1.25 per direct labor dollar.
Prepare a direct materials purchases budget for June.
Calculate the amount of Raw Materials and Finished Goods Inventory to be reported on Palm Imagination’s June 30 balance sheet.
Thus, the direct materials purchases budget for June has been prepared and the amounts of Raw Materials and Finished Goods Inventory reported on Palm Imagination’s June 30 balance sheet are indicated above.
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Question 5/10
Choose the statement that is true about health
insurance.
You do not need health insurance if you do not have
a full time job.
You don't need health insurance if you are young
and healthy.
You don't need health insurance if you are under
age 26.
You should always have health insurance,
regardless of your circumstances.
Answers
Answer:
The correct statement is the last one. You should always have health insurance, regardless of your circumstances.
The correct statement is - "You should always have health insurance, regardless of your circumstances". Thus, option fourth is correct.
What is insurance?Insurance is a form of financial loss protection in which one party promises to reimburse another party in the case of a certain loss, damage, or injury in exchange for a fee. It is a type of risk management that is primarily used to mitigate the risk of a contingent or uncertain loss.
In exchange for a monthly premium payment, an insurance company offers to pay for some or all of your medical expenditures under a health insurance policy.
Health insurance covers the expenditures of small and significant medical difficulties, such as operations and treatment for life-threatening diseases and disabling disorders.
"You should always get health insurance, regardless of your circumstances," is the accurate statement. As a result, option four is correct.
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155 million people were working in the US in 2016. If 42% of all people working were baby boomers, how many were working in 2016? If 15% of the baby boomers retire within 10 years, how many jobs will this represent from 2016 employment?
Answers
Answer:
65,100,100 baby boomers were working: 6.3 %
Explanation:
In 2016, 155,000,000 people were working.
42 percent were baby boomers,
The actual number of baby boomers were
= 42/100 x 155,000,000
=0.42 x 155,000,000
=65,100,100 baby boomers were working
If 15 percent of baby boomers were to retire in 10 years
The number ow retirees will
=15% of 65,100,100
=15/100 x 65,100,100
=0.15 x 65,100,100
=9, 765,015
As a percentage of the number of people working in 2016
= 9, 765,015/155,000,000 x 100
=0.0630000 x 100
=6.3 %
As an aid to a congressman, provide an essay that addresses the following: Identify and summarize three fiscal policy tools that the federal government may use to combat a inflation. Explain how each tool may reduce the recession and how it impacts employment and growth.
Answers
Fiscal policy refers to the government's decisions on taxes, public spending, and borrowing that impact the economy. The government uses fiscal policy to combat inflation. To do this, the government uses a variety of tools to stimulate economic growth.
Below are the three fiscal policy tools that the federal government may use to combat inflation:
Taxation: Taxation is a fiscal policy tool that the government may use to reduce inflation. The government can increase taxes to reduce the disposable income of individuals and businesses, thereby reducing their spending. In turn, this decreases the demand for goods and services, which reduces the prices and prevents inflation.
Also, an increase in taxes can help the government raise funds, which can be used to finance government spending. Government spending: The government can use government spending as a tool to control inflation. The government can increase its spending on public goods and services.
This increases the demand for goods and services, which stimulates economic activity and helps to reduce unemployment. Additionally, it increases disposable income, thereby increasing consumption. The increased demand may lead to inflation, so the government may use other policies to control inflation, such as taxation or monetary policy.
Borrowing: The government can use borrowing to control inflation. The government borrows money from banks and other financial institutions to finance public projects. The borrowing increases the money supply in the economy, which stimulates economic activity and reduces unemployment.
Additionally, it increases disposable income, which increases consumption. However, excessive borrowing may lead to inflation, so the government must ensure that the amount of borrowing is reasonable.
In conclusion, fiscal policy tools such as taxation, government spending, and borrowing can be used to control inflation. The government can use these tools to reduce the demand for goods and services, stimulate economic activity, increase disposable income, and reduce unemployment.
However, the government must use these tools carefully and effectively to achieve the desired results and avoid any negative impact on the economy.
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what is the human resources strategy?
Answers
Answer:
Roadmap is basically for solving an organization's biggest challenges with people-centric solutions.
The rapid changes in technology that have been evident over the past thirty years have begun to slow and it will likely
be another decade or so before the next technology innovation is introduced.
O True
O False
Answers
Answer:
the answer is false
One way to get people to pay attention to your presentation is to give them candy for answering questions about it. Please select the best answer from the choices provided T F
Answers
False.
Explanation:
While providing incentives like candy can potentially attract attention and engagement, it is important to consider the context and purpose of the presentation. Relying solely on extrinsic rewards like candy may undermine the goal of fostering genuine interest, understanding, and active participation from the audience. It is generally more effective to focus on creating compelling content, interactive activities, and clear communication to engage the audience.
Answer:
False
Explanation:
They will get distracted by the candy so it is false because they may not focus on what your presentation is saying.
I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Answers
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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Interest rates on a loan provide what key information?
A. Information about the additional money you will have to pay back to the lender.
B. Information about the credit history of the lender.
C. Information about the length of the loan.
D. Information about the total payment due each month.
Answers
Answer:
d
Explanation:
i just took the test my gee
What might you do if you are unable to get a credit card? (Select the best answer.)
Pay less attention to your bank balance
Apply for a department store card
Stop accepting government assistance
Make as many cash purchases as possible
Answers
Answer:
Apply for a department store card
Explanation:
Departmental retail stores and a card issuer co-issued issue departmental store cards. The store card may work in the issuing department store only or other related retailers as well. They work like regular credit cards only that they are acceptable in limited places and may have a lower credit limit.
Departmental store cards may be issued to persons with a lower credit score. This makes them ideal for a person who need to build on or improve his credit score. They also provide great savings on huge one-time purchases.
Answer:
correct answer is B
Explanation:
Jake Entertainment Corporation has three segments with revenue, operating income, and depreciation and amortization information (in millions) as follows: Segment Revenue Operating Income Depreciation and Amortization Film $5,000 $1,500 $525 Theme Park 1,000 320 112 Video Game 500 175 53 Totals $6,500 $1,995 $690 The EBITDA for the Theme Park segment is
Answers
Answer:
EBITDA = $2,685
Explanation:
EBITDA is the acronym for Earnings before interest taxes depreciation and amortization .
EBITDA is a common financial metric which is used to measure the a company's profitability unlike other profitability it is very useful to gauge how much cashflow a company's has. It is the profit earned by a firm before deducting non-cash items and other obligations. It quantifies how much cash is available to settle interest on debt obligations and taxes.
It is computed ad follows:
EBITDA = operating income + depreciation an amortization
= $1,995 + $690= $2,685
EBITDA = $2,685
Jeri Lammers, a part-time teller at Second State Bank, is married and claims 3 allowances,
Answers
Answer:
6. Jeri Lammers, a part-time teller at Second State Bank, is married and claims allowances.
Explanation:
He who’s the person?
When a nation's standards of financial reporting are transparent and effective:
A. the country's laws can be more easily violated.
B. businesses in the country tend to lose profits and resources.
C. businesses are unable to foster good relationships with
customers.
O D. businesses tend to have better access to investor capital.
Answers
Answer:
D, business tend to have better access to investor capital
When a country's financial reporting rules are open and effective, firms have easier access to investor funding. Thus, option (D) is correct.
What is financial reporting?The term Financial reporting refers to the preparation of the financial statements, which is useful for the organization as well as the outsiders.
Financial reporting is the practice of documenting and discussing financial operations and performance over time periods that are commonly quarterly or yearly.
Financial reports are used by businesses to compile accountancy information and report on their current financial situation.
It is duty of the company to provide the accurate and relevant information to its customers and outside users such as creditors, government agencies, institutions etc.
Firms have greater access to investor money when a nation's monetary reporting regulations are open and effective.
Therefore, it can be concluded that option (D) is correct.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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Resistance to change can arise for valid reasons such as _________________. Group of answer choices a lack of MOV the response time of system is too fast the system allows more transactions to be completed the response time of the system is too slow
Answers
Based on human resources strategy, resistance to change can arise for valid reasons such as "response time of the system is too slow."
What is Resistance to Change?The resistance to change usually occurs when individuals or employees are unwilling to adapt to the changes in their work environment, particularly in terms of work operations.
Various reasons could lead to resistance to changeWhen the response time of the system is too slow, employees would prefer to use the previous structure, system, or strategy to perform the function or task instead of the new system.
Some other reasons for resistance to change are:Lack of trustLack of Communication, etc.Hence, in this case, it is concluded that the correct answer is option D. "response time of the system is too slow."
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Q purchases is a $500000 life insurace policy and pays $900 a month in premiums over the first six months. Q die suddenly and the beneficiary is paid $500,000 this exchange of unequal values reflects, which of the following insurance contract features
Answers
Q die suddenly and the beneficiary is paid $500,000 this exchange of unequal values reflects Aleatory insurance contract features.
What is a policy?A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governing board inside a company adopts policies.
Insurances are aleatory since the regular payment made by the insured and the payout made by the insurer in the instance of a loss are not equal. In this method, the person will be given the amount in the case of happening of the event the money will be transferred to them.
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Bill wants to attend a college with a current tuition of $10,000 a year. He will graduate from high school in five years. Roughly how much will Bill need to save for one-year's tuition to account for an
annual rate of inflation of 3%?
$638.30
O $667.50
O $656.50
O $633.30
Answers
Bill need to save $11,592 for one-year's tuition to account for an annual rate of inflation of 3%.
The option is not listed above.
To compute for future Value the formula is given below;FV = Present value(PV) × (1 + rate of interest)^time period
pv= $10,000
rate of interest= 3% = 3/100 = 0.03
time = 5years
FV= $10000× (1+0.03) ^5
FV= 10000× 1.1592
FV= $11,592.7
Therefore, Bill need to save $11,592 for one-year's tuition to account for an
annual rate of inflation of 3%.
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why are the 3 types of cash payments considered cash transaction?
Answers
operating activities, investing activities, and financing activities.
Answer:
This is your ans to
what is cash transaction example of cash transactionwhat are the three types of cash transaction
You want to start a Business, but you are unaware about the Business risk. Analyze the factors that cause Business risks.
Answers
Answer:
Business risks can be caused by a variety of factors, including economic conditions, market fluctuations, regulatory changes, and natural disasters. It's important to understand these risks before starting a business so that you can take appropriate measures to mitigate them.
Explanation:
The business , u gotta pay the workers
The Waterfall Buffet is self-service. From 9:00 a.m. to 12:00 p.m. customers arrive at the buffet
at a rate of five per minute; from 12:00 a.m. to 4:00 p.m the gallery is closed; and from 4:00 p.m. to closing at 9:00 p.m., at a rate of six per minute (Poisson distributed). All the customers take about the same amount of time to serve themselves and proceed to the buffet. Once a customer goes through the buffet, it takes an average of 0.4 minute (exponentially distributed) to pay the cashier. The gallery does not want a customer to have to wait longer than one minutes to pay. The gallery plan to set up three cashiers. Will this number be adequate to meet the
waiting policy?
Answers
Three cashiers may not be adequate to meet the waiting policy during peak hours. Galleries may need to hire additional cashiers or take other measures to reduce customer wait times during peak hours.
How did we arrive at this assertion?To gallery whether three cashiers are sufficient to enforce the waiting policy, we need to calculate the estimated wait time for customers at the counter.
Determine the average number of customers per minute at the buffet for each time period.
9:00 AM - 12:00 PM: λ1 = 5 customers/minute
16:00 - 9:00: λ2 = 6 customers/minute
It is closed between 12:00 and 16:00, so no guests. Apply Little's law to determine the average number of customers in the system.
L = λW
where L is the average number of customers in the system, λ is the arrival rate, and W is the average time spent in the system.
Assuming that customers spend the same amount of time at the buffet as at checkout, the average system time can be determined as follows:
W = 2 × 0.4 min = 0.8 min
So the average number of customers in the system is:
L1 = λ1 × W = 5 customers/min × 0.8 min = 4 customers
L2 = λ2 × W = 6 customers/min × 0.8 min = 4.8 customers
The M/M/c queuing model is then used to determine the expected wait time at the cashier. Arrival at Poisson, service time allocated exponentially and three cash (c = 3)
wq = (ρ ^ c / c / c! × (c × λ)) / (1 -ρ)
Here ρ = μ / (C × μ + λ) traffic resistance and μ = 1 / 0.4 minutes = 2.5 consumer / min.
Use the above value and evaluate the waiting waiting time.
ρ1 = λ1 / (c × mμ) = 5 customer / min / min / (cash × consumers / min) = 0.67
ρ2 = λ2 / (c × μ) = 6 client / division / (3 cash cash, × 2.5 consumer / min) = 0.8
Wq1 = (0.67 ^ 3/6 × 3/6 × (3 × 2.5 consumers / minute customer / min) / (1-0.67) = 0.14 minutes
Wq2 = (0.8 ^ 3/6 × (3 × 2.5 consumers / minutes consumers / minutes) / (1-0.8) = 0.64 minutes
We will add the waiting time expected to the cashier to consume the expected time for the customer.
Tq1 = 0.88.8 minutes + 0.14 minutes = 0.94 minutes
Tq2 = 0.8 minutes + 0.64 minutes = 1.44 minutes
According to this calculation, the expected waiting time is 9-12. Less than a minute coincides with atmospheric policy. However, the estimated waiting time for customers is between 16:00 and 21:00. More than 1 minute non-compliance with the waiting policy.
Therefore, 3 cashiers may not be enough to enforce the waiting policy during peak hours.
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