Assume that customer arrivals at a ticket counter can be modeled by a Poisson distribution. The average arrival rate is 12 customers per hour. What is the probability of zero arrivals in the next hour (to three decimal places)?
a. 1.000
b. 0.002
c. 0.000
d. 0.012
c. 0.000
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Castillo Services paid K. Castillo, the sole shareholder of Castillo Services, $5,700 in dividends during the current year. The entry to close the dividends account at the end of the year is:
A. Debit Retained earnings $5,700; credit Dividends $5,700 B. Debit Income Summary $5,700; credit Retained earnings $5,700 C. Debit Retained earnings $5,700, credit Salary Expense $5,700 D. Debit Dividends $5,700; credit Cash, $5,700 E. Debit Dividends $5,700; credit Retained earnings $5,700
Pierceall Corporation is conducting a time-driven activity-based costing study in its Tech Support Department. The company has provided the following data to aid in that study:Activity Data:Routing CallsResolving ProblemsPreparing Change OrdersMinutes per unit of the activity162838?Cost Object Data:Customer JCustomer KCustomer LNumber of calls received25243Number of issues resolved14118Number of disputes settled001?The cost per minute of the resource supplied is $0.42.?On the Customer Cost Analysis report in time-driven activity-based costing, the time-driven activity rate for Resolving Problems would be closest to:
A. $1.50 per problem resolved B. $11.76 per problem resolved C. $28.00 per problem resolved D. $0.42 per problem resolved
An ex post real interest rate is adjusted for ________ changes in the price level
A) actual B) expected C) nominal D) real
Electronic waste in the form of televisions, computers, and cell phones is a particularly vexing environmental problem because
a. large amounts of carbon dioxide are generated during production. b. the products sit in landfills for thousands of years after they are thrown away. c. the products contain many types of heavy metals. d. a lot of oil is used in production.