A distribution of service times at a waiting line indicates that service takes 6 minutes 30 percent of the time, 7 minutes 40 percent of the time, 8 minutes 20 percent of the time, and 9 minutes 10 percent of the time
In preparing this distribution for Monte Carlo analysis, the service time of 8 minutes would be represented by what random number range?
A) 20 through 40
B) 21 through 40
C) 70 through 90
D) 71 through 90
E) 01 through 20
D
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Even though investing activities center on the long-term assets shown on the balance sheet, they also include any short-term investments shown under current assets on the balance sheet
Indicate whether the statement is true or false
Which of the following is/are not true?
a. U.S. GAAP and IFRS require firms to recognize the cost of retirement benefits (pensions, health care, life insurance) as an expense while employees work, not when they receive payments or other benefits during retirement. b. Employers often contribute cash to a trust, an entity legally separate from the employer, to fund their retirement obligations. c. The accounting records of the trust established to fund the retirement obligations are consolidated with the accounting records of the employer. d. Payments to employees come from both the employer's contributions and investment returns of the trust established to fund the retirement obligations. e. all of the above
The specific identification method:
a. prices inventory by identifying the cost of each item in ending inventory. b. uses the average cost of the goods available for sale during the period. c. is based on the assumption that the costs of the first items acquired should be assigned to the first items sold. d. is based on the assumption that the costs of the last items acquired should be assigned to the first items sold.
Describe the purpose of each type of graphic. bar graph