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mart [117]
3 years ago
10

A bank wishing to increase its customer base advertises that it has the fastest service and that virtually all of its customers

are served in less than 11 minutes. A management scientist has studied the service times and concluded that service times are exponentially distributed with a mean of 6 minutes. Determine what the bank means when it claims 'virtually all' its customers are served in under 11 minutes.
Business
1 answer:
const2013 [10]3 years ago
8 0

Answer:

Proportion of customers served in under 11 minutes =   0.8401

Explanation:

Please the solution attached .

Download pdf
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On January 1, 2021, PokemonGo Company leased equipment to Waldo Corporation under a lease agreement that qualifies as an operati
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Answer:

Investment in bonds= 4,300,000

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The unrealized holding loss ($1,800,000) on transfer to a new category of trading securities is included in income.

Explanation:

how I know is bc I've been playing the moblie game and card game since it became popular also been hearing daily about the moblie game

8 0
3 years ago
Listed below are five technical accounting terms. Each of the following statements describes one of these technical terms. For e
krok68 [10]

Answer:

a. Incremental analysis.

b. Sunk cost.

c. Relevant information.

d. Opportunity cost.

e. Joint products.

f. Out-of-pocket cost.

g. Split-off point.

Explanation:

a. Incremental analysis: examination of differences between costs to be incurred and revenue to be earned under different courses of action.

b. Sunk cost: a cost incurred in the past that cannot be changed as a result of future actions. Sunk cost can be defined as a cost or an amount of money that has been spent on something in the past and as such cannot be recovered.

c. Relevant information: costs and revenue that are expected to vary, depending on the course of action decided on. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

d. Opportunity cost: the benefit foregone by not pursuing an alternative course of action. Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

e. Joint products: products made from common raw materials and shared production processes.

f. Out-of-pocket cost: a cost yet to be incurred that will require future payment and may vary among alternative courses of action.

g. Split-off point: the point at which manufacturing costs are split equally between ending inventory and cost of goods sold. Thus, it give rise to joint products that emerge from the same raw materials and a shared manufacturing process.

6 0
3 years ago
Mike Hansen has adjusted gross income of $28,350. During the year, Mike decided he needed a larger home. He purchased a home on
storchak [24]

Answer:

<u>$0 (None)</u>

Explanation:

Mike incurring additional moving expenses to his new home is not legally permissible for deduction when starting it in his annual gross income report for tax purposes.

However, miscellaneous expenses such as Unreimbursed business expenses, qualified educational expenses, tax preparation fees, subscriptions to professional journals<em>, and job-hunting expenses </em><em>may be deducted.</em>

6 0
4 years ago
Selections made with replacement are considered to be
son4ous [18]

<u>Answer:</u>

<em>Selections made with replacement are considered to be Independent </em>

<em></em>

<u>Explanation:</u>

An ISAC evaluates the possibility for a business opportunity on the general reasonableness of every contender for the obligations, their business-related characteristics and the overall limit of every chance to accomplish results identified with the commitments

These revisions will empower an ISAC to get to specialized ability when evaluating the general appropriateness of applicants, for instance, utilizing an appraisal focus or experts to give specialized testing. The corrections are reliable with current office practice for non-ISAC enrollment forms and reflect present-day enlistment rehearses.

3 0
4 years ago
In which situation is a country most likely to choose a flexible exchange rate
Yuri [45]

Answer: A.) a country has a reputation for having a strong and stable economy over time

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3 years ago
Read 2 more answers
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