Let us assume the average number of customers served per hour is five customers. What is the probability that the service exceeds 1 hr for any customer?
A. 0.67%
B. 1.23%
C. 0.98%
D. 9.00%
A. 0.67%
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Which of the following statements is a disadvantage for a company that outsources jobs?
A. The potential to groom and hire from within an enculturated workforce decreases. B. The company's contribution to employee health benefits, retirement, and 401(k) payments increases. C. The need to purchase and update computers and related equipment increases substantially. D. The work force size within the company increases, thereby increasing its salary budget.
On June 10, Year 1, Burton Builders, Inc., a publicly traded company, announced that it had been awarded a contract to build a football stadium at a contract price of $500 million. This contract would increase its projected revenues by 20% over the next three years. Which of the following statements is correct with regard to this announcement?
A. Burton's net income will increase by 20% over the next three years. B. The market price of Burton's stock will probably be higher on June 11, Year 1 than on June 10th. C. Burton's assets should be increased by $500 million on June 10, Year 1 to recognize this contract. D. Burton's net cash flow from operations will increase by 20% over the next three years.
Lorraine works for an accounting firm that performs external audits, provides consulting services, and does the tax preparation for other businesses and individuals. Given this information, Lorraine is most likely a _____.
A. forensic accountant B. public accountant C. government accountant D. management accountant
Bonds that mature at more than one date with the result that the principal amount is repaid over a number of periods are known as:
A) Registered bonds. B) Bearer bonds. C) Callable bonds. D) Sinking fund bonds. E) Serial bonds.