For a single server, single queue system with an arrival rate of 8 customers per hour and a service rate of 10 customers per hour, what is the mean number of customers in the queue (to two decimal places)?
a. 2.00
b. 4.00
c. 3.20
d. Cannot be determined from the information given
c. 3.20
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Assume the following sales data for a company: Current year $325,000 Preceding year 250,000 What is the percentage increase in sales from the preceding year to the current year?
a. 70% b. 76.9% c. 30% d. 50%
______ leaders do not put on appearances or try to act in a manner that does not reflect their true dispositions.
a. Passionate b. Determined c. Authentic d. Loving
Isaac applied for a loan from Livingstone Bank and was denied the loan two weeks later. He discovered that the reason behind the denial was that the bank considered him a huge credit risk because a credit report stated that he was an alcoholic. Isaac claimed that this information was not true. Which of the following acts will allow Isaac to approach Livingstone Bank for reconsideration of his loan application?
A. Equal Credit Opportunity Act B. Fair Credit Billing Act C. Fair Debt Collection Practices Act D. Fair Credit Reporting Act
A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $185,000. The current period's entry to record the warranty expense is:
A. Debit Estimated Warranty Liability $7,400; credit Cash $7,400. B. Debit Warranty Expense $7,400; credit Estimated Warranty Liability $7,400. C. Debit Warranty Expense $7,400; credit Sales $7,400. D. Debit Estimated Warranty Liability $7,400; credit Warranty Expense $7,400 E. No entry is recorded until the items are returned for warranty repairs.