Anxious cruise vacationers besiege Tatiana, their excursion coordinator, at the Port of Cozumel when they realize that all water excursions have been cancelled for no reason in particular
It takes her 2.5 minutes to find the customers an alternative excursion activity and customers cluster around her at the rate of 20 per hour. About how long does a customer wait in line to receive her valuable service if the service times are exponentially distributed and the arrivals follow a Poisson distribution?
A) 12.5 minutes
B) 5 minutes
C) 21 minutes
D) 15 minutes
Answer: A
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Which of the following statements is true of a lease?
A. It is a transfer of the ownership of goods from one merchant to another. B. It is a transfer of the right to possess and use goods belonging to another. C. It is governed by the same principles of common law that predominantly govern the sale of goods. D. It is governed exclusively by Article 2 and Article 9 of the Uniform Commercial Code.
The direct charge-off method makes no attempt to match bad-debt losses with revenues
Indicate whether the statement is true or false
Wild River Tours Corporation wants to formulate a plan under which it pays a portion of its debts and is discharged of the remainder while continuing in business. To accomplish this goal, Wild River should file a petition in bankruptcy for relief through A) a liquidation
B) a reorganization. C) a repayment plan. D) a straight bankruptcy plan.
Which of the following is true of general and limited partners in a limited partnership?
A. Limited partners are exempt from annual capital investment and need only participate in management functions. B. General partners are not personally liable for partnership debts. C. General partners are required to invest capital and refrain from managerial activities. D. Limited partners are not personally liable for partnership debts beyond their capital contributions.