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StoreCo Construction Company builds storage unit complexes for rental. It is typically assumed that the construction time in days for these storage units follows a normal distribution. The mean time for construction of a single storage unit complex is 25 days, and the standard deviation is 5 days. Recently the financial manager of StoreCo Construction signed a contract to complete a storage complex in Pullman in 20 days. Failure to complete the triplex in the contracted time (20 days) will result in severe penalties but the financial manager knew that if he didn’t agree to the contract that their competitors would! a. Let X be a random variable that represents the number days it takes StoreCo Construction to complete a single storage unit complex. Write down the distribution of X. b. What is the probability that StoreCo Construction Company will be in violation of their construction contract? c. What is the probability that they will not be in violation? d. What is the probability that the storage unit complex will take between 20 and 25 days to construct?
Compute the gross profit margin,operating profit margin, and net profit margin for all companies. Then write a short essay explaining the differences you found between the profit margins calculated and why you think the profit margins differ.
Little Cabbage Firm acquired an adjacent lot to construct. Fees paid to remove an old building from the land were $9,000. Materials salvaged from the demolition of the building were sold for $3,000. A contractor was paid $800,000 to construct a new..
Compare the tax consequences to the shareholder and the distributing corporation of the following three kinds of corporate distributions: ordinary dividends, stock redemptions, and complete liquidations.
A cash dividend of $ 1.20 per share was declared and distributed on the 50,000 shares of com-mon stock outstanding. Prepare a statement of retained earnings for the year.
The average market price during 2004 was $50. Calculate the number of shares to be used in determining diluted earnings per share for 2004.
Provide the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for ..
Calculate the labor price and quantity variances, assuming standard is 3.94 hours of direct labor at $12.37 per hour.
Prepare journal entries for the adjustments entered in the six-column table for part 1 and Prepare journal entries to reverse the effects of the adjusting entries that involve accruals.
Calculate the missing amounts for each division and and provide an example to show how residual income improves decision making at the divisional level
Describe the defenses the company could maybe assert against this third party's lawsuit. Include in your explanation the applicability of these legal defenses to the facts of this particular case.
write a report explaining this abnormal trend between the net income and the cash flow numbers and whether this should be a red flag to investors and creditors.
Answer for the company's break-even point in unit sales using the equation method
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