A five-star hotel accepts 100 room reservations daily. For each reservation accepted, there is a 7% chance that the guest will not arrive. You decide to build a simulation model to describe the number of guests who will show up
The best appropriate distribution to use is:
A) normal
B) continuous uniform
C) discrete uniform
D) binomial
E) triangular
D
You might also like to view...
A key source of information for computing employer payroll taxes is the
a. end-of-period balance sheet; b. income statement; c. payroll register; d. employees' check stubs; e. statement of owner's equity.
Fraud examiners must be able to recognize signals that a journal entry may have been manufactured to conceal a fraud. Which of the following is a common journal entry fraud symptom?
a. Journal entries with documentary support. b. Journal entries that balance. c. Adjustments to receivables or payables that are made monthly. d. Journal entries made near the end of an accounting period
Which of the following is true about the concept of sustainable development and sustainable business practice?
A. It suggests a radically new vision for integrating financial and environmental goals, compared with the growth model that preceded it. B. According to this concept, only individuals who can prove that they had been harmed by pollution can raise legal challenges. C. It focuses only on the costs that businesses incur in pursuing environmental goals. D. According to this concept, any harm to the environment can be adequately compensated.
Corporations sometimes distribute assets other than cash when paying a dividend. Which of the following is/are true?
a. Such a dividend is known as a dividend in kind or a property dividend. b. The accounting for property dividends resembles that for cash dividends, except that when the firm pays the dividend, it credits the asset given up, rather than Cash. c. The amount debited to Retained Earnings equals the fair value of the assets distributed. d. When this fair value differs from the carrying value of the assets distributed, the firm recognizes a gain or loss in net income. e. all of the above