A company's balance sheet shows $225 million in assets, among which is $25 million in cash. Owners' equity equals $125 million. There are no preferred shares. Its debt must be:
a) $75 million
b) $100 million
c) $125 million
d) $150 million
Answer: b) $100 million
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A firm that is plagued with overcapacity, intense competition, or changing consumer desires would do better if it pursues ________ as its major objective
A) market skimming B) product-quality leadership C) survival D) profit maximization E) market penetration
If everything else remains constant, including the mean arrival rate and service rate, except that the service time becomes constant instead of exponential,
A) the average queue length will be halved. B) the average waiting time will be doubled. C) the average queue length will be doubled. D) There is not enough information to know what will happen to the queue length and waiting time. E) None of the above