An automatic car wash with a single bay takes a constant 3 minutes to wash. The arrival rate is 10 cars per hour. Determine the average time a car spends in the system. The arrival rate of cars tends to follow a Poisson distribution.
a. 5 minutes
b. 6 minutes
c. 3.5 minutes
d. 4.5 minutes
d. 4.5 minutes
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If you were John Mack, CEO of Morgan Stanley, and Arthur Sulzberger phoned you to say he was planning on moving his family’s assets from you bank, how would you respond?
The purpose of the speech of ______ is to acknowledge and praise a person, living or dead.
Fill in the blank(s) with the appropriate word(s).
Toward the end of the Industrial Revolution, in the late 19th century, several university programs offering management and business education were founded, including the Wharton School at the University of Pennsylvania. Establishment of these programs
A. occurred despite the inability of quantitative management to accurately model management problems. B. was expected under the administrative management approach. C. was an acknowledgment of management as a formal discipline. D. required federal government funding. E. reflected economies of scale.
Landmark Corp. buys $350,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. The journal entry to record the purchase should include:
A. A debit to Short-Term Investments-AFS $350,000. B. A debit to Debt Investments-AFS $350,000. C. A debit to Cash $350,000. D. A debit to Short-Term Investments-Trading $350,000. E. A debit to Debt Investments-HTM $350,000.