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Because many passengers who make reservations do not show up, airlines often overbook flights (sell more tick- ets than there are seats). A Boeing 767-400ER holds 245 passengers. If the airline believes the rate of passenger no shows is 5% and sells 255 tickets, is it likely they will not have enough seats and someone will get bumped?
a) Use the Normal model to approximate the Binomial to determine the probability of at least 246 passengers showing up.
b) Should the airline change the number of tickets they sell for this flight? Explain.
Calculate (1) Uncollectible Accounts Expense and (2) the ending balance of the Allowance for Uncollectible Accounts using (a) the percentage of net sales method and (b) the accounts receivable aging method.
on january 1st of the current year lenox company decides to sale with recourse 4000000 of their receivables. the
a) Find the estimated mean age difference between the two neighborhoods. b) Find the standard error of the estimated mean difference. c) Calculate the t-statistic for the observed difference in mean ages assuming that the true mean difference is 0.
youve finally saved 10000 and are ready to make your first investment. youve the three following alternatives for
By automating the process, the company would save $108,000 per year in cash operating costs. The simple rate of return on the investment is closest to:
vivid-view theater sells books of theater tickets to its customers at 28 per book. each book contains a certain number
Journalize the above transaction. The company uses straight-line depreciation for buildings and equip. The bldgs are estimated to have a 50-year life and no salvage value.
The Weighted Average Cost of Capital (WACC) for a firm can be calculated or found through research. Select two firms in the same industry.
nbsphumphrey company bottles and distributes no-fizz a fruit drink. the bever? age is sold for 50 cents per 16-ounce
angel corporation gives three weeks paid vacation to each employee who has worked at the company for one year. based on
Depreciation on Motor Vehicles @ half ,editors incorporate a case for harms of Rs. 30,000 and which was settled by paying Rs. 20,000.
on january 1 2012 winston company purchased 6 bond for 50000 cash. interest is payable semiannuallyon july 1. the
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