You own a fast food shop, which also has a drive-thru window. Every day when you open the shop, you will wait on average for 30 minutes before the first customer walks in, and on average 15 minutes before the first vehicle comes to the drive-thru. Suppose both waiting times follow exponential distributions and they are independent. In the following questions, if you are using normal approximations, leave your final answer in terms of the standard normal CDF Φ. (a) What is the average waiting time for your first customer of the day (either walk-in or drive-thru)?
(b) When the waiting time for the first customer exceeds 20 minutes, you call it a bad day. Approximate the probability that you will have more than 60 bad days in a year of 365 days. Justify your use of this approximation.
(c) When the waiting time for the first customer is shorter than 3 seconds (i. e., 0.05 minutes), it is a great day. Approximate the probability that you will have exactly 3 great days in a year.

Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate because they are beyond the ability of firms to systematically manage and influence are referred to asanswers: socially complex.causally ambiguous.path dependent.the result of unique historical conditions.

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

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