A major disadvantage of the retail method of accounting is _____
a. that it does not reflect markdowns
b. that perpetual inventory systems must be maintained
c. that book inventory value cannot be computed
d. the requirement of a detailed bookkeeping system
d
Business
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A single-phase waiting-line system meets the assumptions of constant service time or M/D/1. Units arrive at this system every 12 minutes on average. Service takes a constant 8 minutes. What is the average number in the system Ls in units?
A) 2.25 B) 2.5 C) 3.0 D) 1.33 E) 5.0
Business
When perfect negative autocorrelation is present in a time series, the Durbin-Watson statistic will be equal to ________
A) 0 B) 1 C) 3 D) 4
Business