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The probability of throwing any two numbers on a die - say, either a 1 or a 2 - on a single throw is one chance out of three, or 33%.
When calculating the probability of repeating favorable throws with a single die the probability of throwing a 1 or a 2 twice in succession is 1/9, which is the square of one chance out of three, or 1/3 multiplied by itself. Therefore, the probability of throwing a 1 or 2 three times in succession would be 1/27, or 1/3 x 1/3 x 1/3 , while the probability of throwing a 1 or a 2 four times in succession would be 1/3 to the fourth power.
We now want to apply probability theory logic to the probability of throwing a 1 or a 2 with a pair of dice, instead of with a single die. If the probability of throwing a 1 or a 2 with a single die is one out of three we can assume that throwing a 1 or a 2 with two dice would be twice as great, or 67%. Is this a correct assumption? Please explain your reasoning.
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They made major capital improvements through their 10-year ownership, which totaled $50,000. What is their recognized gain
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The XYZ has a choice between two warehouses. A lease at location A costs 1000 per month with a payment 2000 upfront to guarantee the 3 year lease. Location B would cost 1200 per month and would be leased from month to month.
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Based on the previous information, prepare a schedule to determine the amount of loss that Wells Corporation should recognize for the current year.
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The following control procedures are used at Sandwich Company for over-the-counter cash receipts. For each procedure, explain the weakness in internal control, and identify the control principle that is violated.
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