The cash basis of accounting is prohibited for income tax purposes
Indicate whether the statement is true or false
False
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To develop your speech, you may use all of the following EXCEPT
a. personal experiences. b. examples. c. expert testimony. d. ideas that you borrow from a book and that you pass as your own.
The term cash includes
A) coins, currency (paper money), checks B) money orders, and money on deposit that is available for unrestricted withdrawal C) short-term receivables D) both a and b
During the holiday shopping season, many catalog retailers offer buyers price reductions, coupons, two-for-one deals, and/or free delivery. This is because these catalog retailers operate in a(n) ________ environment.
A. marginal competition B. monopoly C. oligopoly D. monopolistic competition E. pure competition
Gerard is choosing between two methods of organizing his bakery
Method one will require a counter person to wait on each customer individually before they proceed to the cashier to pay for their purchases. In this system, customers will arrive at the rate of 8 per hour and can be served by the counter person at the rate of 15 per hour. The cashier will be capable of serving customers at the rate of 20 per hour. For simplification purposes, assume that the arrival rate at the cashier phase is identical to the arrival rate at the first phase and that these waiting lines can be analyzed independently and combined. Method two will have the two employees wait on customers as they selected their pastries and also collect their money once their selections have been made. Customers still arrive at the rate of 8 per hour but now the total service time (pastry selection and payment collection) takes 5 minutes per customer. Calculate the average number of customers in the bakery and the average time spent in the bakery for both systems and make your recommendations to Gerard. What will be an ideal response?