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The demand for MICHTEC's products is related to the state of the economy. If the economy is expanding next year (an above normal growth in GDP), the company expect sales to be $90 million. If a recession occurs next year (a decline in GDP), sales are expected to be $75 million. If next year is normal (a moderate growth in GDP), sales are expected to be $85 million. MICHTEC's economists estimate the chances that the economy will be either expanding, normal, or in a recession next year at 0.3, 0.5, and 0.3 respectively.
a. Compute expected annual sales
b. Compute the standard deviation of annual sales.
c. Compute the coefficient of variation of annual sales.
Show that any rational number a/b , between 0 and 1, can be written as an Egyptian fraction. Can an irrational number between 0 and 1 ever be expressed as an Egyptian fraction? Why?
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liam corporation has a single product value whose selling price is $140 and whose variable cost is $60 per unit. the monthly fixed expense is $40,000. Solve for the unit sales that are required to earn a target profit of $6,000.
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jenny's has annual sales of $367,200 and cost of goods sold of $198,600. the average accounts receivable balance is $16.400. how many days on average does it take the firm to collect its accounts receivable?
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Preparation of Cash Flows Statement in Indirect method - Purpose a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
Purpose a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June.
Jaye's Company paid $600 cash to replace a part on equipment sold under warranty. To recognize this payment, which of the following are correct?
a salvage value of zero, and is expected to increase net annual cash flows by $46,460. A discount rate of 9% is appropriate for both projects. Compute the net present value of each project.
The truck is expected to have a salvage value of $4,000 at the end of its 5-year useful life. Calculate annual depreciation for the first and second years using the straight-line method.
Recognize who, other than O'Conner, could be harmed by this theft. In what ways would they be harmed? Show the role accounting plays in this situation.
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