An Important Part of the Customer Service Responsibilities of a Cable

question 51

Multiple Choice

An important part of the customer service responsibilities of a cable company relates to the speed with which trouble in service can be repaired.Historically,the data show that the likelihood is 0.75 that troubles in a residential service can be repaired on the same day.For the first five troubles reported on a given day,find the mean number of troubles repaired on the same day.

• A)3.75
• B)0.94
• C)1.94
• D)2.50

Understand and identify the normal balance side for various accounts.

Recognize and classify different types of errors in the journalizing and posting process.

Organize accounts into a chart of accounts and understand the sequence.

Propose a numbering system for accounts consistent with charting practices.

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Definitions:

Strike Price

The specified price at which the buyer of an option can buy (call option) or sell (put option) the underlying asset.

Call Premium

The extra amount above the par value that a bond issuer must pay to redeem a bond before its maturity date.

Net Profit

The actual profit after working expenses not included in the calculation of gross profit have been paid.

Exercise Price

The price at which the holder of an options contract can buy (call option) or sell (put option) the underlying asset.