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The figure above is an example of __________.   A. line chart B. candlestick chart C. moving average line D. Bollinger band

Subject: Acounting

As you watch the simulation, please keep in mind that this is a scenario where the system flow rate is R = 9 passengers per minute and the flow time is T = 6 seconds. Question 1: Use Little’s Law to compute the average inventory in this system, measured in “passengers. Question 2: On the basis of this information, would you expect the average inventory to increase or decrease from your answer to question 1? Why? Explain briefly in words. Question 3: Now use Little’s Law to compute the correct inventory when R = 10 passengers per minute. State the new inventory, I. Were you correct in question 2?

Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 9,400 units 27 Date Number of Units Unit Cost Total Cost Beginning 1,500 10.30 $15,450 March 12 2,700 10.20 27,540 June 5 1,400 10.10 14,140 October 22 5,300 9.90 52,470 Totals 10,900 $109,600 Required: 1. Use your spreadsheet to recalculate the Cost of Goods Sold, Inventory balances, and Gross Profit under each method and enter your results below: (Round your answers to the nearest whole dollar amount.). FIFO LIFO Weighted Average Cost of Goods Sold Ending Inventory Gross Profit < Prev ♡ 14 of 14 Next

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