The following is true about financial reporting alternatives:
a. The current value method is currently required under GAAP.
b. The unadjusted historical cost method is currently required by GAAP.
c. The historical cost-general price level adjusted method is currently required by GAAP.
d. The current value-general price level adjusted method is currently required by GAAP.
2. Customers arrive at a bank at a rate of 50 per hour. The bank has 3 tellers and on average, it takes 2 minutes to service a customer. What is the utilization rate?
a. 0.5556
b. 0.4444
c. 0.6667
d. 0.7500
e. 0.8100