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A car rental company has determined that the probability a car will need service work in any given month is 0.2. The company has 900 cars. a. What is the probability that more than 200 cars will require service work in a particular month? b. What is the probability that fewer than 175 cars will need service work in a given month?
The effect of information systems may be quantified in every organization. Using specific examples in your own organization, illustrate how does the information system you use make your job easier? Why? How may it be improved?
For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $170,800?
Compute the project's net present value and evaluate the project's internal rate of return to the nearest whole percent.
Explain how the double-declining-balance method is computed. Provide an example of how this method could be used on the new delivery truck purchased for $300,000 to be used for 4 years with a salvage value of $5,000 for year one only.
Your personal time value of money/interest rate is 5%. Which payment option has the greatest present value?
Purpose an income statement for the year - Prepare an income statement for the year ended December 31, 2006. (Assume that 7,500 shares of stock are outstanding.
At the beginning of the year, the capital account balances were: Fred capital, $42,365; Ethel capital, $51,352. What is Fred's capital account balance at the end of the year?
What income tax expense should appear on the consolidated income statement if each company files a separate return? Assume that the tax rate is 30 percent.
Calculation of no. of days in conversion cycle - how much cash would be freed up, and how would that affect pre-tax profits
Would this recipient be as well off under the housing voucher scheme as he would be with a cash transfer of equal value?
Describe the advantages and disadvantages of having diverse accounting standards that are the product of each country's national environment.
The firm partners expect client billing revenue will increase by 35% while costs will be reduced by 20%. Clarify the revenue and costs considerations and other relevant issues that should be considered.
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