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Suppose it has been observed that touchdowns scored in a game by your favorite football team are Poisson random variables. The rate is = 4 per game. We know from the lecture that the time until the next touchdown follows an exponential distribution. Assume a football game is 60 minutes long (that is we are concerned only with the regular playing time).
1. What is the expected time in minutes until the next touchdown is scored by your favorite team?
2. What is the probability that the next touchdown will be scored in the next 10 minutes by your favorite team?
3. What is the probability that there will be no more touchdowns scored by your favorite team given that we are in the 50th minute of the game?
Prepare an income statement for the year ended 31 st December, 20X8, by using direct costing. Prepare an income statement for the year ended 31 st December, 20X8, by using absorption costing.
the normal profit margin is 40% of sales price, what is the amount that should be used to value the inventory under the lower-of-cost-or-market method?
Purpose the journal entries needed in the Capital Projects Fund to account for the above transactions. Manage closing entries.
Rich Company uses a standard cost system- budgeted $800000 of fixed overhead when 50,000 machine hours were anticipated. Illustrate w hat is Rich's fixed overhead budget variance?
The following year, 2011, John settled with the insurance company for $2,000. What are John's deductions for 2010 and 2011 based on the above information if (1) the car was used for personal property and (2) business property?
This year Freeman Steel Company paid Herb Porter wages of $9900. $2800 were paid in TN and the rest in SC. How do I find the FUTA tax on Porter's earnings if SC is a credit reduction state?
How might a MNC use transfer pricing strategies? What are the various means the taxing authority of a country might use to determine if a transfer price is reasonable?
Accounting fundamentals involves completion of accounting cycle and Barber-Williams, Inc. sells, installs, and services a variety of industrial equipment from several manufacturers.
Show the Journal entries for the purchase and the sale of shares.
Overhead is charged to production at 70% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers.
What is the book value of the equipment and does the balance in the accumulated depreciation account mean that the equipment's loss of value is $725,000? Explain.
Calculation of Return on Equity [ROE] - Evaluate the firm's ROE
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