Virginia’s Ron McPherson Electronics Corporation retains a service crew to repair machine breakdowns that occur on average l = 3 per 8-hour workday (approximately Poisson in nature). The crew can service an average of m = 8 machines per workday, with a repair time distribution that resembles the negative exponential distribution.

(a) What is the utilization rate of this service system?
(b) What is the average downtime for a broken machine?

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)