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A telephone-order sales company must determine how many telephone operators are needed to staff the phones during the 9-to-5 shift. It is estimated that an average of 480 calls are received during this time period and that the average call lasts for six minutes. There is no queueing. If a customer calls and all operators are busy, this customer receives a busy signal and must hang up. If the company wants to have at most one chance in 100 of a caller receiving a busy signal, how many operators should be hired for the 9-to-5 shift? Base your answer on an appropriate simulation. Does it matter whether the service times are exponentially distributed or gamma distributed? Experiment to find out
The date of sale, was sold for $24,000 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
Does the concept of materiality mean that financial statements are not precise, down to the last dollar? Does this concept make financial statements less use full to most users?
c owns 60 shares and d owns 40 shares of z corporation representing all of zs outstanding shares. c and d are unrelated
Kordel Inc. holds 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory acquired over the past few months. In preparing consolidated financial statements, what amount of this debt should be elimi..
lundberg corporations most recent balance sheet and income statement appear below lundberg corporation statement of
wainwright corporation had the following activities in 2012. 1. sale of land 249600 2. purchase of inventory 875100 3.
What is included in the financing budget and what statement is the information used for? How does involvement, or lack thereof, affect moral and motivation?
a. a 1000 bond has a 7.5 percent coupon and matures after 10 years. if current interest rates are 10 percent what
For both March and June, estimate the amount of manufacturing overhead cost added to production. The company had no underapplied or overapplied overhead in either month.
joes copy center hires a new employee. joe knows he has to be patient with the employee until the employee gains enough
1.minden companys required rate of return is 10. the company can purchase a new machine at a cost of 40500. the new
frieden companys contribution format income statement for the most recent month is given belownbspnbspsales 47000
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