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longlast INc. produces car batteries. the mean life of these batteries is 60 months. the distribution of the battery life closely follows closely follows the normal distribution with a standard deviation of 8 months. as a part of its testing program, longest tests a samples of 25 batteries. what proportion of the samples will have a mean useful life of more than 56 months? what proportion of the samples will have a mean useful life of less than 56 months?
Peter is currently raising corn on his 100-acre farm and earning an accounting profit of $100 per acre. However, if he raised soybeans, he could earn $200 per acre. Is he currently earning an economic profit? Why or not?
in the current year david and debbie wayland both successful physicians made a cash investment for a limited
B. Tanner contributed $14,000 in cash plus office equipment valued at $7,000 to the TC Partnership. At the same time Chen will invest a building which is worth $90,000 to the partnership. What will be the journal entry to record the formation of t..
East, Inc. had beginning inventory of $10,000, purchases of $25,000, and ending inventory of $5,000. What is East's cost of merchandise sold?
What is meant by the net realizable value for accounts receivable? What is aging of accounts receivable, and how is it used to account for uncollectible accounts? How is the accounts receivable turnover computed? What information does this ratio prov..
On the first day of the current fiscal year, $1,000,000 of 10-year, 7% bonds, with interest payable semiannualy were sold for $1,050,000. Present entries to record the following transactions for the current fiscal year:
Prepare a cash distribution plan as of September 30, 2009, showing how much cash each partner will receive if the offer to sell the assets is accepted.
what is the value of total contribution and net profit per unit in the case discussed below? sales units 100000 selling
loyola international inc. is considering adding a portable cd player to its product line. management believes that in
Assume the marina operator is unsophisticated in business. Explain the managerial significance of the accounting above to this person.
Compute the net income to be earned under each alternative and course of action will produce the highest net income?
(a) a note payable for $100,000 due in 2 years, (b) a 10-year mortgage payable of$200,000 payable in ten $20,000 annual payments, (c) interest payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate w..
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