Barber College is the best deal in town! For only $5, you can get a shampoo and cut by any one of four untrained stylists completed in 7.5 minutes on average
Perhaps this is why customers show up on average two minutes apart (both arrival times and service times are exponentially distributed).
On average, how many customers are waiting in line?
A) 9
B) 11
C) 13
D) 15
Answer: C
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In the opening, case on what date did Samsung lift the ban on using Shinyang Electronics as a supplier?
a. August, 7 2012 b. July 10, 2014 c. July 14, 2014 d. August 5, 2014
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14, Johnson returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 5,194 | |
| Sales discounts | 106 | |
| Accounts receivable | 5,300 |
B.
| Cash | 5,194 | |
| Accounts receivable | 5,194 |
C.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |
D.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
E.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |
Collateral agreements for a note or bond can:
A. Have no effect on risk. B. Reduce the risk of loss in comparison with unsecured debt. C. Reduce the issuer's assets. D. Increase total cost for the borrower. E. Increase the risk of loss in comparison with unsecured debt.
A limited liability company is a citizen of every state, regardless of the citizenship of its members.?
Indicate whether the statement is true or false