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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
Prepare an income statement
Assume that the revenues for the year were $830,000. Compute the expenses incurred for the year.
Assume Daniels is both a CPA and holds the Certified Management Accountant (CMA) certification granted by the IMA. Use the ethical standards of these two organizations to identify what Daniels should do in this situation
At December 31, 2013, Hull-Meyers Corp. had the following investments that were purchased during 2013, its first year of operations:
Determine breakeven total volume of sales and sales volume for each product.
at january in 2005 wessex inc. had 50 employees. each employee earned 10 days of vacation pay. the actual rate for
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electric utilities generally have very high common equity ratios because their revenues are more volatile than those of
a company has a process that results in 15000 pounds of product x that can be sold for 8 per pound. an alternative
If we assume unlimited and costless access to capital markets, a firm will always be able to fund a good project by raising new capital. If, on the other hand, we assume that there are internal or external constraints on raising new capital
Identify and discuss why the above situation represents a risk. By applying auditing knowledge, identify the main account or group of accounts affected by this risk in the audit plan
Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.) The December 31, 2010 balance sheet of Wolfe Co. included the following items:
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