Assume the average arrival rate at a service center is five customers per hour. Determine the probability of three customers arriving in any random hour.
a. 4%
b. 5%
c. 10%
d. 14%
d. 14%
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The selling concept is typically practiced ________
A) to balance consumers' wants, company's requirements, and the society's long-run interests B) with products that offer the most in terms of quality, performance, and innovative features C) when the company focuses on building long-term customer relationships D) with goods that buyers normally do not think of buying E) by customer-driven companies
Under which of the following circumstances is the installment sales method appropriate for the recognition of revenue in the income statement?
a. For any sales where collection is spread over a reasonable long period of time. b. In any situation where management wishes to delay the recognition of revenue in order to smooth its income. c. For sales where collection is spread over a reasonable long period of time and significant doubt exists about the ultimate collection of the receivables. d. For sales where collection is spread over a reasonable long period of time and no significant doubt exists concerning ultimate collection of the receivables.
Net cash inflows from a capital investment arise from an increase in revenues, a decrease in expenses, or both
Indicate whether the statement is true or false
Commercial Storage (CS), a bailee, holds goods for Delta Distributors, Inc., which has contracted to sell them to Eagle Company. The goods are to be delivered without being moved. The risk of loss will pass to Eagle when Eagle receives
A. a copy of Delta's contract with CS. B. a copy of Delta's contract with Eagle. C. a negotiable document of title. D. a notice that Eagle's payment for the goods has cleared.