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On average, 100 customers arrive per hour at Gotham City Bank. It takes a teller an average of two minutes to serve a customer. Interarrival and service times are exponentially distributed. The bank currently has four tellers working. The bank manager wants to compare the following two systems with regard to the average number of customers present in the bank and the probability that a customer will spend more than eight minutes in line.
¦ System 1: Each teller has his or her own line (and no moving between lines is permitted). Arriving customers are equally likely to choose any teller.
¦ System 2: All customers wait in a single line for the first available teller. If you were the bank manager, which system would you prefer?
Which of the following is true regarding the contribution margin ratio of a single product company?
For each of the following tests, state whether it is a test of details of account balances or a test of details of transactions
Pueblo Company issued $300,000 of 5-year, 8% bonds at 98 on January 1, 2014. The bonds pay interest twice a year. Prepare the journal entry to record the issuance of the bonds. Prepare the journal entry to record the issuance of the bonds, assuming t..
on january 1 20x1 parent company purchased 100 of the common stock of subsidiary company for 280000. on this date
Determine the appropriate cash flow statement treatment - classification (e.g., operating, investing, financing) and timing, if applicable, - for the above transactions.
on february 11 2011 wilmar corporation borrowed 100000 from its bank by signing a 12 percent 15-year note payable. the
attaached case looking for general case analysis with- background information issues and problems ananlysis and
A building with a book value of $54,000 is sold for $63,000 cash. Using the direct method, how should the transaction be shown on the statement of cash flows?
Briefly explain how changes in various economic factors affect the U.S. current account balance.
Calculate the investment income and the ending balance in the investment account on the balance sheet for ABC Company on December using the cost method.
When the incremental revenues and expenses are analyzed, the company is better off by A) $15 per unit if they complete the units. B) $25 per unit if they sell the units in their current state.
Describe how a company should estimate the financial value of a potential merger partner?
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