A(n) ___________ is an input to a simulation model whose value is uncertain and described by a probability distribution
a. identifier
b. constraint
c. random variable
d. decision variable
c
RATIONALE: A random variable is an input to a simulation model whose value is uncertain and described by a probability distribution.
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Owners of Tri-States Industries, Ralph and Maureen, are sent a dividend check from the company. For this transaction, what is the effect on the accounting equation for Tri-States Industries?
a. Assets decrease and stockholders' equity decreases. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities increase and stockholders' equity decreases.
McCabe Institute leased a new machine having an expected useful life of 1 . years. The noncancelable lease term is 1 . years, and McCabe may exercise a purchase option at the end of the noncancelable term. The machine should be capitalized by McCabe and depreciated over
a. 10 or 1 . years at McCabe's option. b. 12 years. c. 10 years. d. 9 years.
Which of the following is NOT required by generally accepted accounting principles?
a. Statement of cash flows b. Earnings per share c. Cash per share d. Disclosure in notes to financial statements of the projected benefit obligation of a defined-benefit pension plan
Ten-year bonds with a stated rate of 10% and face value of $500,000 were issued on January 1, 2011, for 104 and pay interest semiannually on June 30 and December 31 of each year. The entry on June 30, 2011, to pay interest and record amortization of bond discount or premium includes:
a. a debit to Bond Interest Expense for $25,000. b. a debit to Bond Interest Expense for $24,000. c. a debit to Bond Interest Expense for $26,000. d. a credit to Premium on Bonds Payable for $1,000. e. a debit to Discount on Bonds Payable for $1,000.