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Probability of repair time:
On the basis of information available in this case problem, the repair time is determined through probability of occurring in one year. That is there is 20% chance to repair in 1 day, 45% chance to repair in 2 day, 25% chance to repair in 3 days, and 10% chance to repair in 4 days.
Random numbers:
There are 365 random numbers are selected through excel program sheet in order to determine average time between breakdowns, average repair time and average annual loss of revenue.
Accounts Receivable can use most Confirmations if conditions allow Vouching entries to sales documents Inquiring about related parties Reperformance of aging analysis, bad debt estimates Which Types of Tests?
The Pearce Club, Inc., is considering investing in an exercise machine that costs $5,000 and would increase revenues by $1,500 a year for five years. The machine would be depreciated using the straight-line method over its useful life and have no ..
. Sea Ray is one of today's most successful manufacturers of sport boats, cruisers, and yachts. They have models ranging from a small 17-foot sport boat up to a 61-foot motor yacht. Take a look at the company Learn about their product offering. Most ..
List and describe four potential problems with a "traditional" overhead allocation system. List and describe four "red flags" that may indicate you should consider revising your overhead allocation system.
tiberand inc. sold 150000 in inventory to schilling company during 2010 for 225000. schilling resold 105000 of this
Human resources stands out because dealing with people and their needs is something that is dealt with on a daily basis. Being able to know what people need to accomplish their tasks, whether its training, equipment, or even moral support is vita..
updraft systems inc. makes paragliders for sale through specialty sporting goods stores. the company has a standard
internal controls are required to safeguard assets and to ensure ethical business practices.1 identify and explain the
what business risks does dell face that threaten its ability to satisfy stockholder expectations? what are some
focus on how auditing and ethics are related or how ethical behavior helped impact auditors on their audit engagement.
the following information regarding the total overhead of acompany for a 4 month
Benefits of raising taxes1. More revenue2. Health benefits
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