The Average Transaction at an Automatic Teller Can Be Completed

question 19

Multiple Choice

The average transaction at an automatic teller can be completed in 7.5 minutes and customers arrive at the average rate of one every ten minutes.On average,how many customers are there in line? (Choose the closest answer. )

• A)​4.000 Customers
• B)​0.300 Customers
• C)​3.000 Customers
• D)​0.375 Customers

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Definitions:

Expenditure Basis

An accounting method that recognizes expenses when they are paid rather than when they are incurred.

Expense Basis

An accounting method where expenses are recognized and recorded when they are incurred, regardless of when the cash payment is made.

Encumbrance Accounting

An accounting method used mainly by governments that tracks commitments in their budgets, earmarking funds for specific future expenditures.

Purchase Order

A commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.