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Nile Riverboat company a major boat building company highly sensitive to the economy, expects profits next year to be $2,000,000 if the economy is strong, $1,2000,000 if the economy is steady and minus $400,000 if the economy is weak. Mr. Nile believes there is a 30 percent probability of a strong economy, a 40 percent probability of a steady economy and a 30 percent probability of a weak economy.
a. what is the expected value of profits for next year?b. compute the standard deviation and the coefficient of variationc. assuming that the revenues are normally distributed, what is the probability of earning between 750,000 and 1,3000,000
Analyzing Activity in Inventory Accounts and select data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:
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Watts and Zimmerman's 'The Demand and Supply of Accounting Theories: The Market for Excuses' suggested the 'normative' project of accounting academics and other social critics of corporate accounting practice to be invalid
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The cost of innovation has a straight impact on marketing, service and sales section in the value chain. Without sales and growing market share.
Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 2013, Clark earned a salary of $36,000. He paid $3,500 to a housekeeper to care for his children in his home.
On June 1, 200X, Ben's accounts receivable had a fair value of $ 140,000. Additionally, Ben's capitalized software costs were estimated to have a fair value of $ 200,000 and liabilities were valued at $30,000. All other items were stated at their ..
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