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1. The number of defects in rolls of aluminum sheet average 3.5 defects per 100 feet. The company presi- dent is accompanying overseas visitors on a tour of the plant, and they have just arrived at the aluminum-sheet machine. If they remain at the machine long enough to observe 32 feet of aluminum being produced, what is the probability that they will have left the area before the next defect occurs?
2. The mileage death rate for motorcycle riders has been estimated to be about 39 deaths per 100 million miles of motorcycle travel. A national motorcycling association has 1200 members who travel a total of 2 million miles each year on their motorcycles. What is the probability that the next highway fatality experienced by the association will not occur until more than a year from now? Until more than 2 years from now?
Source: USAToday.com, July 30, 2006.
The total selling price is $420,000, and estimated costs of disposal are $15,000. At what amount should the inventory of 5,000 pounds be reported in the balance sheet?
Scanning America, Inc., is a small but rapidly growing firm in the digitized document translation business. The company reads architectural and engineering drawings into a scanning device that translates graphic information into a digitalized form..
An important source of temporary cash is trade credit, which does not actually bring in cash, but instead slows its outflow. Vendors often provide discounts for early payment. What is the formula to determine the effective interest rate if the dis..
Grill Corporation incurred the following transactions. Purchased raw materials on account $45,235. Raw Materials of $35,900 were requisitioned to the factory. An analysis of the mate- rials requisition slips indicated that $6,300 was classified as in..
maintenance department costs of 320000 are allocated on the basis of budgeted maintenance-hours. personnel department
Prepare a letter to your client that would be accepted by an Australian accounting firm or business as ‘envelope-ready’, that is, ready to be sent to the client. This requires correct accounting information in an appropriate form of communication.
Assume the equity method is applied. Compute Bell's income from Demers for the year ended December 31, 2008.
How would the receipt of the grants be reported on the statement of cash flows for the Water and Wastewater Enterprise Fund and the Cable Enterprise Fund, respectively?
verde company produces wheels for bicycles. during the year 660000 wheels were produced. the actual labor used was
Mary is evaluating the risk (return deviation) of a model stock portfolio she has constructed. She knows that an ex ante set of returns is a more useful approach. However, she decides to examine ex post returns because she knows that for a well-di..
1.The December 31, 2013, adjusted trial balance for the Blueboy Cheese Corporation is presented below.
a john deere tractor acquired on january 5 at a cost of44800 has an estimated useful life of 16 years. assumingthat it
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