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Two one-barber shops sit side by side in Dunkirk Square. Each shop can hold a maximum of four people, and any potential customer who finds a shop full will not wait for a haircut. Barber 1 charges $15 per haircut and takes an average of 15 minutes to complete a haircut. Barber 2 charges $11 per haircut and takes an average of 10 minutes to complete a haircut.
On average, 10 potential customers arrive per hour at each barber shop. Of course, a potential customer becomes an actual customer only if he or she finds that the shop is not full. Assuming that interarrival times and haircut times are exponential, which barber will earn more money?
During the? year, the company did not issue any common? stock, but it distributed dividends of? $70,000. Calculate? Gatto's net income for the year.
On the basis of the exact sampling distribution of the sample mean, X¯, determine a 95% con?dence interval estimate of the population parameter, β.
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Suppose that a firm must choose between two mutually exclusive projects, both of which have negative NPVs. Explain how a firm can legitimately choose between two such projects.
Which of the following statements concerning consolidated financial statements is true?
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Moon Hardware is planning to factor some of its receivables. The cash received will be used to pay for inventory purchases. The factor has indicated that it will require "recourse" on the sold receivables. Explain to the controller of Moon Hardwar..
In a 2-3 page paper you will research Toyota and describe the characteristics of Toyota's organizational culture as well as the role that cost accounting plays as part of that culture.
on january 12014 a company that prepares financial statements paid rent for 2014 and 2015. the accountant recorded the
ken invested 200000 for a 30 interest in a partnership in which he is a material participant. the partnership borrowed
bsu inc. wants to purchase a new machine for 30400 excluding 1200 of installation costs. the old machine was bought
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