For an M/M/1 queuing system, if the service rate, µ, is doubled, the average wait in the system, W, is cut in half
a. True
b. False
Indicate whether the statement is true or false
False
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Financialization is a phenomenon that can largely be explained by banking regulations, corporate governance rules, and private equity rules.
Answer the following statement true (T) or false (F)
Line extensions occur when a company extends existing brand names to new or modified products in a new category
Indicate whether the statement is true or false
The following information is from the records of Sumter, Inc for the year ended December 31 . 2014. Allowance for Doubtful Accounts, January 1 . 2014 .. $ 6,000 (cr) Sales, 2014 ....................................... 2,920,000 Sales Returns and Allowances, 2014 ................ 32,000 If the basis for estimating bad debts is 1 percent of net sales, the correct amount of doubtful accounts expense
for 2014 is a. $22,800. b. $23,200. c. $28,880. d. $34,880.
Which of the following is/are not true?
a. Common and preferred stock usually have a par or stated value. b. Firms report amounts received from issuing common stock in excess of the par or stated value as Additional Paid-In Capital or a similar account title. c. Firms report amounts received from issuing common stock in excess of the par or stated value as Additional Paid-In Capital, or Capital in Excess of Par Value or a similar account title. d. The amounts in Additional Paid-In Capital for a firm usually exceeds the amounts in Common Stock, indicating that the firm issued common stock for substantially more than par value, a common practice among publicly traded firms. e. none of the above