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StoreCo Construction Company builds storage unit complexes for rental. It is typically assumed that the construction time in days for these storage units follows a normal distribution. The mean time for construction of a single storage unit complex is 25 days, and the standard deviation is 5 days. Recently the financial manager of StoreCo Construction signed a contract to complete a storage complex in Pullman in 20 days. Failure to complete the triplex in the contracted time (20 days) will result in severe penalties but the financial manager knew that if he didn’t agree to the contract that their competitors would! a. Let X be a random variable that represents the number days it takes StoreCo Construction to complete a single storage unit complex. Write down the distribution of X. b. What is the probability that StoreCo Construction Company will be in violation of their construction contract? c. What is the probability that they will not be in violation? d. What is the probability that the storage unit complex will take between 20 and 25 days to construct?
How do you take a known dollar value such as $240.00, back out the sales taxes from the known values using the States sales tax
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Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation and An individual who joins an existing partnership has no liability for partnership debts that arose prior to his joining the partnership.
Shares of common stock outstanding during 2013. mize's 2013 net income was 160,000 and the income tax rate was 30 percent. What are Mize's diluted earnings per share for 2013.
The airline treated Al and his family to a one-week all-expenses-paid vacation at a resort near his home. This benefit was awarded because of Al’s outstanding safety record. The value of the vacation was $2,300. Which of these benefits are taxabl..
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It keeps inventory equal to 50% of its monthly sales on hand at all times. Based on using a 365-day year, what is the inventory conversion period
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On the basis of this agreement, what price should the investor offer? A normal return on the fair value of net assets in this industry is 15 percent.
The budget was recorded. It is given for Estimated Revenues for the year in the amount of $325,000, and for Appropriations in the amount of $325,000. A temporary loan of $325,000 was gets from the General Fund.
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