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A Markov chain has transition matrix
(a) Show that the stationary distribution is π = (1/4, 1/4, 1/8, 3/8).
(b) The Markov chain can be regarded as a random walk on a weighted graph. Determine the graph and the weights.
In 2012, Carl's Jr. reported a total revenue of $1.3 billion in sales (CKE, 2012). The QSR magazine (2010) ranks Carl's Jr. at number 23 in 2010, with its predominant sales being of burgers.
One of the most difficult concepts to get across to small-business owners is the need to take all the trade credit they can get. For example, the credit terms 2/10, net 30 can save businesses money if they pay their bills in the first 10 days.
You have just been made a valuation analyst. Before you get training (what else is new!), your boss asks you to value a number of items: 1) a publicly-traded company; 2) a family business; 3) a shopping center; 4)
The investigation led to termination of the clerk on the grounds that her inadvertent use of her coworker's name was "falsification of bank records." The clerk would not have profited in any way from using her coworker's name on the form. She had ..
Describe your transformational experience and explain how you were changed and transformed as a result of this experience - Summarise the leadership lessons that you have learned as a result and how you can apply them in your personal and professio..
The correction of a material error discovered in a year subsequent to the year the error was made is considered a prior period adjustment. Briefly describe the accounting treatment for prior period adjustments.
R&A Concrete Contractors, Inc., executed a promissory note that identifies both R&A Concrete and Grover Roberts as its makers. On the reverse side of the note, the following appears: ‘‘X John Ament Sec. & Treas.'' National Bank of Georgia, the pay..
Give examples of individual incentives used by an organization in which you were employed, and then describe why those plans were or were not successful.
Ms. Sapper, this year's annual partner meeting coordinator for a global accounting firm, faced an interesting challenge. She wanted to provide the 400 partners attending the meeting the opportunity to mix, mingle, and network. Most partners only k..
Discuss the advantages and disadvantages of each decision that Elaine has made
Imagine you inherited $50,000 and you want to invest it to meet two financial goals: ( a) to save for your wedding, which you plan to have in two years, and ( b) to save for your retirement a few decades from now. How would you invest the money? ..
The purpose of this writing assignment is to examine the impact of electronic cigarettes, which is a relatively new product and industry. You may want to make claims about how e-cigarettes are impacting society through legislative actions at vari..
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