Sandy's Pet Center grooms large and small dogs. It takes Sandy 40 minutes to groom a small dog and 70 minutes to groom a large dog. Large dogs account for 20% of Sandy's business. Sandy has 5 appointments tomorrow
a. What is the probability that all 5 appointments tomorrow are for small dogs?
b. What is the probability that 2 of the appointments tomorrow are for large dogs?
c. What is the expected amount of time to finish all 5 dogs tomorrow?
a. .3277
b. .2048
c. 230 minutes
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________ is money from selling part of a business to people who are not and will not be involved in the management of the business.
A. Dividend B. Outside equity C. Bond D. Equity capital
A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the quick ratio would be
a. 1.75 to 1 b. 2.25 to 1 c. 3.00 to 1 d. 3.50 to 1
Wendell, new to the area, selects a doctor from the telephone book and visits that doctor to have a splinter extracted. Unbeknownst to Wendell, the doctor has never passed the state licensing exams. Later, when Wendell discovers the truth, he refuses to pay his bill. If the doctor sues for recovery of the fee, will the court support the doctor's claim?
a. Yes, it was up to Wendell to verify the doctor's qualifications prior to having the splinter extracted. b. No, the court is likely to take the position that it is not in the public's best interest to enforce contracts with unlicensed doctors. c. It depends on whether Wendell's injury healed properly. d. Yes, it is unconscionable that Wendell would not pay a bill he owed.
What is the priority rule that sequences jobs using the smallest ratio of due date from today to processing time?
A) critical ratio B) earliest due date C) first come, first served D) longest processing time E) shortest processing time