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Business Math

Various Probability Questions

1. Telephone calls arrive at the rate of 48 per hour at the reservation desk for the David Parker. Find the probability of receiving 3 calls in a five-minute period. Put your answer in the form 0.xxxx (four places) with no additional symbols or numbers. 2. Consider a binomial experiment with 2 trials and p = 0.4. Find the

Online Shopping: Inventory and Taxes

You are shopping for office supplies and furnishings for your company, Financial Outsourcing, Inc. You may use comparative shopping web search engines. 1. Choose three physical products you would like to buy (e.g., office supplies, furniture, books). Find a website that allows you to purchase these items online. Find the p

Risk Analysis, Management and Assessment : Single Loss Expectancy (SLE)

Single Loss Expectancy is a term related to Risk Management and Risk Assessment. It can be defined as the monetary value expected from the occurrence of a risk on an asset. Mathematically expressed as: Single Loss Expectancy (SLE) = Asset Value (AV) X Exposure Factor Where the Exposure Factor is represented in the impact of t

Sales problem

Revenue from the sale of x two-liter bottles of cola is R(x) = 0.70x + 0.001x^2 a) Determine the revenue from the sale of 1 bottle, 5 bottles, and 10 bottles. b) Determine the marginal revenue R´(x) and interpret the quantity R´(10) in your own words.

Financial Accounting

P12-2A Greeve Corporation had the following stockholders' equity accounts on January 1, 2006: Common Stock ($1 par) $400, 000, Paid-in Capital in Excess of Par Value $500, 000, and Retained Earnings $100, 000. In 2006, the company had the following treasury stock transactions. Mar. 1 Purchased 5, 000 shares at $7 per share. June

Financial Accounting

E12-7 On January 1, Armada Corporation had 95, 000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 15, 000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholder

Financial Accounting

P11-7A S. Strigel Chemical Company used effective interest method to amortize bond premium or discount. On July 1, 2006, S. Strigel Chemical Company issued $5, 000, 000 face value, 10%, 10-year bonds at $5, 679, 533. This price resulted in an 8% effective-interest rate on the bonds. Strigel uses the effective-interest method to

Financial Accounting - Payroll Entries

ED-3 Canseco Company has the following data for the weekly payroll ending January 31. Employee, M. Hindi, E. Benson, K.Estes Employees are paid 1 1/2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8% on the first $87,900 of gross earnings. Canseco Company is subject to 5.

Financial Accounting - ED-1

Betty Williams' regular hourly wage rate is $14.00, and she receives a wage of 1 1⁄2 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period Betty worked 42 hours. Her gross earnings prior to the current week were $6,000. Betty is married and claims three withholding allowances. Her

Preferred Stock and Common Stock

Why is preferred stock referred to as "preferred"? What are some of the features that are added to preferred stock to make it more attractive to investors? Would you select preferred stock or common stock as an investment? Why?

Integer Programming : Knapsack Problems

Juan Hernandez, a Cuban athlete who visits the Unite States and Europe frequently, is allowed to return with a limited number of consumer items not generally available in Cuba. The items, which are carried in a duffle bag, cannot exceed a weight of 5 pounds. Once Juan is in Cuba, he sells the items at highly inflated prices.

Financial Accounting - Computing Depreciation

P10-3A On January 1, 2006, Solomon Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $38,500. Related expenditures included: Sales tax $2,200, shipping costs $175, insurance during shipping $75, installation and testing costs $50, and $90 of oil and

Transportation Method: Andrew-Carter case

Andrew-Carter, Inc. (A-C), is a major Canadian producer and distributor of outdoor lighting fixtures. Its fixture is distributed throughout North America and has been in high demand for several years. The company operates three plants that manufacture the fixture and distribute it to five distribution centers (warehouses). Duri

Financial Accounting - Identifying Internal Control Weaknesses

P5-6A Cedar Grove Middle School wants to raise money for a new sound system for its auditorium. The primary fund-raising event is a dance at which the famous disc jockey Obnoxious Al will play classic and not-so-classic dance tunes. Roger DeMaster, the music and theater instructor, has been given the responsibility for coor

Financial Accounting

The trial balance of Brennan Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. BRENNAN FASHION CENTER Trial Balance November 30, 2002 Debit Credit Cash $ 28,700 Accounts Receivable 33,700 Merchandise Inventory 45,000 Store Supplies 5,50

Financial Accounting

P3-5A Ewok-Ackbar opened Ewok's Carpet Cleaners Inc. on March 1. During March, the following transactions were completed. Mar. 1 Issued $10,000 of common stock for $10,000 cash. 1 Purchased used truck for $6,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $1,200 on account. 5 Paid $1,

Financial Accounting - Comparison of Inventory Systems

CHAPTER 6: EXERCISE 6.12 Comparison of Inventory Systems Sky Probe sells state-of-the-art telescopes to individuals and organizations interested in studying the solar system. At December 31 last year, the company's inventory amounted to $250,000. During the first week of January this year, the company made only one purchase

Financial Accounting and Journalizing

Section II On January 1, 2002, John Diego Company had Accounts Receivable $146,000, Notes Receivable of $15,000, and Allowance for Doubtful Accounts of $13,200. The note receivable is from Trudy Borke Company. It is a 4-month, 12% note dated December 31, 2001. John Diego Company prepares financial statements annually. During t

Financial Accounting

E4-11 On December 31, the adjusted trial balance of Garg Employment Agency shows the following selected data. Accounts Receivable $24,000 Commission Revenue $92,000 Interest Expense 7,800 Interest Payable 1,500 Analysis shows that adjusting entries were made to (1) accrue $4,200 of commission revenue and (2) ac

Financial Accounting

(See attached files for full problem description) E4-6 The adjusted trial balance of Lanza Company at the end of its fiscal year. E4-7 Prepare an income statement and a retained earnings statement for the year. There were no issuances of stock during the year. Prepare a classified balance sheet at July 31.

Change from Fair Value to Equity

E22-19 (Change from Fair Value to Equity) On January 1, 2004, Barbra Streisand Co. purchased 25,000 shares (a 10% interest) in Elton John Corp. for $1,400,000. At the time, the book value and the fair value of John's net assets were $13,000,000. On July 1, 2005, Streisand paid $3,040,000 for 50,000 additional shares of John

Seasonalize Trends

The Costello Music Company has been in business for 5 years, selling electric organs. Below are the quarterly sales by year, with annual totals. Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total 1 4 2 1 5 12 2 6

Accounting Transfer Price Problem

Case 5-2 IBM Data Center for Eastman Kodiak In 1989, IBM and Kodak entered into and agreement whereby IBM would build and operate a data processing center in Rochester, NY that consolidates five Kodak data centers into one. Of the five original data centers, three were at separate sites in Rochester, one was in Colorado, and