A drive thru car wash can process cars at a rate of one every five minutes. When you arrive with your car, you see one car just leaving the washer and eight cars in line ahead of you
How long can you expect to wait before you will reach the car wash?
A) less than or equal to 15 minutes
B) greater than 15 but less than or equal to 30 minutes
C) greater than 30 but less than or equal to 45 minutes
D) greater than 45 minutes
C
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On June 30, 2017, Martin Brothers, Inc showed the following data on the equity section of their balance sheet
Stockholders' Equity Common Stock, $1 par; 197,000 shares authorized, 146,000 shares issued and outstanding $146,000 Paid-In Capital in Excess of Par-Common $271,000 Retained Earnings 941,000 Total Stockholder's Equity $1,358,000 On July 1, 2017, the company declared and distributed a 8% stock dividend. The market value of the stock at that time was $17 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par-Common? A) $227,640 B) $523,160 C) $271,000 D) $457,880
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