The number of customers who arrive at a fast food business during a one-hour period is known to be Poisson distributed with a mean equal to 8.60. The probability that exactly 8 customers will arrive in a one-hour period is 0.1366
Indicate whether the statement is true or false
TRUE
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The four most common special journals are the sales, cash, purchases, and accounts receivable journals
Indicate whether the statement is true or false
When a U.S. company makes a credit sale to an international customer and the sale terms are for payment in a foreign currency, the foreign exchange rate used to record the sale is the exchange rate:
A. On the date of the sale. B. At the end of the buyer's fiscal year. C. On the date final payment is made. D. Thirty days from the date of sale. E. At the end of the seller's fiscal year.
A bailee has a responsibility to take appropriate care of the bailed property.
Answer the following statement true (T) or false (F)
A contract in which a party assumes a primary obligation must be in writing to be enforceable
Indicate whether the statement is true or false