A Uniform Distribution Has End Points of 450 and 500,which

question 15

Multiple Choice

A Uniform distribution has end points of 450 and 500,which represent the time limits for a production operation.A manager wants to simulate two times from this distribution,and has obtained the numbers 44 and 10 from a two-digit random number table.Respectively,the two simulated times are:

• A) 460 and 494.
• B) 472 and 455.
• C) 455 and 472.
• D) 494 and 460.
• E) none of the choices are correct.

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Definitions:

Sales Revenue

The income received by a company from its sales of goods or the provision of services.

Adjusting Entries

Accounting records entries registered at the conclusion of an accounting period for the purpose of assigning revenues and expenses to the period they truly took place.

Accrual Basis

A bookkeeping approach that logs income and expenses at the time they are accrued, without taking into account the timing of the cash flows.

Cash Basis

An accounting method where revenues are recognized when cash is received, and expenses are recognized when cash is paid out.