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The probability of Google's stock price going up next year 0.6. The probability of AIG's stock price going up next year is 0.3. Please show all calculations and answer the following questions. What is the probability of: a) Both stock prices rising next year?
b) Both stock prices dropping next year?
c) Google's price going up and AIG's going down?
d) AIG's price going up and Google's price going down?
e) At least one stock price going up?
f) At least one stock price going down?
g) What rule of probability did you use to figure out (e) and (f)?
Big Company manufactures keyboards. Management wishes to develop budgets for the upcoming quarter based on the following data: Calculate the budgeted quantity of plastic which needs to be purchased for the next quarter.
Purpose a Master Budgeted Income Statement using Variable costing and Budgeted Income Statement ( static ) and Flexible Budgeted Income Statement Variable Costing , Variance Analysis
What are Pace’s taxable income and income tax liability, assuming qualified production activities income is $55,000?
What is the defining distinction between for-profit businesses and not-for-profit entities, including governments? What are implications of this distinction for financial reporting?
Quick Fix Services, Inc. is trying to establish the standard labor cost of a typical oil change.The following data have been collected from time and motion studies conducted over the past month. Find out the standard direct labor hours per oil ch..
The cost of goods sold is $5 for one skirt and $6 for one bluse. Other allocated costs are $1 for one skirt and $5 for one blusel. what amount of QPAI is available to Green for claculating the DPAD?
If the company borrows money at 12% to pay for the purchase on the last day of the discount period and pays the loan off on the last day of the credit period, what would be the net savings for the company?
Write a one-half page report to a local not-for-profit organization or government agency offering a solution to the use it or lose it budgeting problem.
There were 4400 units in the ending work in process inventory of the assembly dept. that were 30% complete with respect to conversion costs. Illustrate what were the equivalent units for conversion costs in the assembly dept. for the month?
Block Company issued a 20,000 10 year bond on 7/1/2008 when the market rate was 6.5%. Assume that the accounting year of Block Company ends on December. Journalize the following transactions.
Prepare a journal entry to record income taxes for the year 2008. Show labeled computations for the amount of income tax payable and the change in the deferred tax account.
Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products.
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