When the exponential distribution probability is given as P(x ? 9 ) = 1 ? e?9/18 the average value for x is
a. 18
b. 9
c. 9/18
d. 1/2
a
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A company purchases an asset on a deferred payment plan, ultimately paying $10,000 . On the payment date, the company would
a. credit Cash for less than $10,000. b. debit Interest Expense for the imputed amount. c. debit the asset account for $10,000. d. debit Accounts Payable for $10,000.
Preparation should occur before the negotiation begins so that the time spent negotiating is more productive.
Answer the following statement true (T) or false (F)
Account penetration is defined as obtaining maximum sales from an account or a prospect.
Answer the following statement true (T) or false (F)
In the daily newspaper, Webber Motor Company advertised a new convertible at a special reduced price. When Luhr tried to purchase one at the advertised price, Webber's salesperson stated that they had only one of that model and that it had already been sold. Luhr insisted that Webber Motor Company must sell him one at the reduced price, as he was accepting their newspaper offer. Is Luhr correct?
a. Yes; an advertisement in a newspaper is a communicated offer to all customers who wish to accept the offer. b. Yes; all advertisements are general offers that result in binding agreements when accepted by customers. c. No; newspaper advertisements are only invitations to customers to make an offer. d. No; advertisements are offers, but they do not have to be accepted by the advertiser once the product is sold out.