The Time It Takes to Process Phone Orders in a Small

question 8

Multiple Choice

The time it takes to process phone orders in a small florist/gift shop is normally distributed with a mean of 6 minutes and a standard deviation of 1.24 minutes. What
Cutoff values would separate the 16% of orders that take the least time to process?

• A) 3.52 minutes
• B) 4.76 minutes
• C) 8.48 minutes
• D) 10.01 minutes
• E) 11.98 minutes

Identify and classify activities as operating, investing, or financing in the context of cash flow statements.

Calculate dividends paid to shareholders based on changes in retained earnings and net income.

Analyze how changes in balance sheet accounts affect cash flows from operating activities.

Interpret comparative balance sheets and income statements to assess cash flows and financial position.

---

Definitions:

Cost Effectiveness

An assessment criterion to determine the best (lowest) cost option for achieving a specific set of results, often used in financial and budget planning.