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A Mahjong set contains 136 tiles consisting of the following 17 types of tiles: 1) the numbers 1 to 9 in the Circle Suit; 2) the numbers 1 to 9 in the Sticks suit; 3) the numbers 1 to 9 in the Characters suit; 4) the 4 Directional tiles: North, South, East and West; and 5) the 3 Dragon tiles: Red, Green and White. There are 4 tiles of each time (e.g. there are 4 of the 1 Character tile).
At the beginning of the game, the dealer draws 14 tiles (in one draw). What is the probability that the dealer draws at least 1 White Dragon tile?
Give your answer to 3 decimal places.
Palmisano states that in the 1970s and 1980s IBM was organized as a classic multinational enterprise. What does this mean? Why do you think IBM was organized that way? What were the advantages of this kind of strategic orientation?
The cost of capital for the project is 14%. Using a spot exchange rate of $1.25/€ as the forecast FX rate for the euro for the term of the project, compute the NPV of this expansion project.
Bannister's profit margin is 5% and its payout ratio is 60%. How large a sales increase can the company achieve without having to raise funds externally?
As part of your business plan, you will develop a pro-forma financial model (5 years) for your business. For this week complete the following:
Sandra Waterman purchased a 52-week, $3,200 T-bill issued by the U.S. Treasury. The purchase price was $3,189. What is the amount of the discount? What is the amount Ms. Waterman will receive when the T-bill matures? What is the current yield for the..
the financial statements for joseph corporation contained the following information.accounts receivable5000sales
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sales for fast kat a 16-foot catamaran sailboat have averaged 250 boats per month over the last five years with a
you have taken a long position in a call option on ibm common stock. the option has an exercise price of 136 and ibms
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discuss at least two reasons why a firm might want to offer seasonal datings to its
Define the terms explicit forecast period and terminal or horizon value as they relate to a venture’s discounted cash flow valuation.
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