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1. A contractor must pay a $40,000 penalty if construc- tion of an expensive home requires more than 16 weeks. He will receive a bonus of $10,000 if the home is comple- ted within 8 weeks. Based on experience with this type of project, the contractor feels there is a 0.2 chance the home will require more than 16 weeks for completion, and there is a 0.3 chance it will be finished within 8 weeks. If the price of the home is $550,000 before any penalty or bonus adjustment, how much can the buyer expect to pay for her new home when it is completed?
2. A music shop is promoting a sale in which the purchaser of a compact disk can roll a die, then deduct a dollar from the retail price for each dot that shows on the rolled die. It is equally likely that the die will come up any integer from 1 through 6. The owner of the music shop pays $5.00 for each compact disk, then prices them at $9.00. During this special promotion, what will be the shop's average profit per compact disk sold?
al owned all of the outstanding stock of abc corporation. al transferred a building cash and ibm stock to abc
bkf.com provides banks access to sophisticated financial information and analysis via the web enabling them to
the brocks business westchester wood has the following income and expenses 1 assume westchester wood is a business... a
What is its significance in government financial management?
She also has another 250 units in her van, ready to deliver per a customer order, terms FOB destination, and another 70 units out on consignment to a friend who owns a retail store. How many units should Jenny include in her company's period-endin..
what is the normal procedure for handling the collection of accounts receivable previously written off using the direct
minor landscaping company is preparing its budget for the first quarter of 2013. the next step in the budgeting process
AMCE, Inc. is considering adding a loyalty program in which its customers can earn points for discounts in lieu of running storewide promotions. Additionally, ACME would collect information on its customers' shopping transactions, which allow ACME..
Jane decided to resign from her current job, at which she earned $58,000 each year. She started her own business by using her $100,000 savings on which she was earning 5 % interest. In first year, her revenue was $150,000 and her costs were as fol..
Ecker Company reports $ 2,700,000 of net income for 2013 and declares $ 388,020 of cash dividends on its preferred stock for 2013. At the end of 2013, the company had 678,000 weighted average shares of common stock.
Explain your answer with legal arguments.
Give the journal entries for Marg Company at the dates indicated for each of the two independent cases. If no entry is required, explain why. Use the following format: Complete the following schedule to show the separate amounts that should be report..
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