For many waiting line situations, the arrivals occur randomly and independently of other arrivals and it has been found that a good description of the arrival pattern is provided by
a. a normal probability distribution.
b. an exponential probability distribution.
c. a uniform probability distribution.
d. a Poisson probability distribution.
D
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Dividing net sales on account by the average amount of net accounts receivable is the calculation for the
a. accounts receivable turnover. b. working capital turnover. c. merchandise inventory turnover. d. plant and equipment turnover.
Which of the following transactions would increase a firm's current ratio?
a. Purchase of inventory on account b. Payment of accounts payable c. Collection of accounts receivable d. Purchase of temporary investments for cash
The additional sales that can be attributed to an advertising campaign are known as
A. impact. B. payload. C. ROI. D. the campaign increment. E. lift.
A favorable sales volume variance in variable costs suggests a(n) ________
A) increase in number of actual units sold when compared to the expected number of units sold B) decrease in number of actual units sold when compared to the expected number of units sold C) increase in variable cost per unit D) decrease in fixed costs