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Table 14-3
A pawn shop in Arlington, Texas, has a drive-through window to better serve customers. The following tables provide information about the time between arrivals and the service times required at the window on a particularly busy day of the week. All times are in minutes. The first random number generated for arrivals is used to tell when the first customer arrives after opening.
-According to Table 14-3, the time between successive arrivals is 1, 2, 3, or 4 minutes. The store opens at 8:00 a.m., and random numbers are used to generate arrivals and service times. The first 3 random numbers to generate arrivals are 09, 89, and 26. What time does the third customer arrive?
Investing Activity
A category in financial statements that represents cash flows related to the purchase or sale of long-term assets or investments.
Statement Of Cash Flows
A financial statement that highlights the major activities that impact cash flows and, hence, affect the overall cash balance.
Sale Of Equipment
The process of selling off business assets, such as machinery or office equipment, usually to generate cash.
Financing Activity
refers to the transactions related to raising capital and paying back investors, such as issuing debt or equity.
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