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For each of the following items, indicate (by placing an X)whether the item would be found on the statement of cash flows in column 1, the direct approach for determining the cash flows from operating activities, column 2, the indirect approach for determining the cash flows from operating activities, column 3, cash flows from investing activities, column 4, cash flows from financing activities. If you identify that an item affects the cash flows from operation, indirect method, also indicate whether it will be increasing (+)or decreasing (-)the cash flows.
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Simulation Applications
Software programs designed to mimic the operation of real-world processes or systems for the purpose of analysis, training, or decision-making.
Exact Mathematical Model
A precise representation using mathematical equations to describe the characteristics or operations of a system or process.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used in physical and mathematical problem-solving.
Average Waiting Time
calculates the average duration customers or items wait before being serviced, often used in queue management to assess performance.
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