During the current year, Quartz Corporation (a calendar year…

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During the current yeаr, Quаrtz Cоrpоrаtiоn (a calendar year C corporation) has the following transactions: Income from operations $350,000 Expenses from operations 370,000 Dividends received from ABC Corporation 50,000 Quartz owns 25% of ABC Corporation’s stock. How much is Quartz Corporation’s taxable income (loss) for the year?

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Use the fоllоwing infоrmаtion to аnswer Questions 14-17. The formulа sheet is here: Formula sheet_Midterm.pdf iGrocery takes both phone orders and on-line orders at average rates of 9 and 75 orders/hr, respectively. While a phone order needs to wait an average of 6 min before actually placing the order with a sales representative, an on-line order can start placing the order via the store’s website immediately. According to the store’s order monitoring system, there are on average 0.6 phone orders and 12.5 on-line orders being placed at any given time. Once an order is placed no matter via phone or on-line, the order has to wait for its turn to be picked and packed on a first-come-first-served basis. The monitoring system shows that there are on average 24.5 orders waiting to be picked and packed and that it takes an average of 2.5 minutes to pick and pack an order. Suppose the entire process is stable. The flowchart has been drawn in Figure 2. Assuming a phone-order customer hangs up right after getting his/her order placed, please estimate on average how many phone lines are occupied at all times (hint: does placing an order require the customer to stay on the line)?