What does it mean to have a patient customer in a waiting line?
What will be an ideal response?
A patient customer is one who waits in the queue until he or she has been served, and exits the system normally. A patient customer does not balk or renege or switch between lines.
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Warren Company began the accounting period with a $32,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $76,000. The accounts receivable account at the end of the accounting period contained a $16,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period?
A. $28,000 B. $80,000 C. $92,000 D. $66,000
Another term for temporary accounts is:
a. balance sheet accounts. b. permanent accounts. c. nominal accounts. d. real accounts.
In order to fertilize his vegetable farm, John, a farmer, needs to choose from two fertilizers: Nitro Plus and Phosphate Max. Each bag of Nitro Plus costs $7 and contains 8 pounds of nitrogen and 6 pounds of phosphate. Each bag of Phosphate Max costs $9 and contains 4 pounds of nitrogen and 8 pounds of phosphate. John’s vegetable farm requires at least 32 pounds of nitrogen and 48 pounds of phosphate. (Assume fractions of a bag are allowed). At the optimal solution, what is the cost of Nitro Plus used by John?
A. $12.85 B. $11.20 C. $7.65 D. $16.45
________ is the number of different tasks an individual is directly responsible for.
A. Job breadth B. Job enrichment C. Job depth D. Job rotation