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Problem 1: A company has warranties to replace generators supplied by them on an oil rig. The generator costs £1m to replace and six of them are used on the rig. Experience shows that there's a 45% chance of one generator failing a 30% chance of two failing and a 25% chance of three failing. What is the value of the provision that should be shown in the accounts of the company?
A £0 (no provision needed)B £1.0mC £1.8mD £2.0m
Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax? Round to the nearest cent.
Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed.
Did Open Table rely more on creditors or stockholders for its financing at September 30, 2013? What is your information source? Did the retained earnings at September 30, 2013, arise primarily from current year earnings or earnings retained from prio..
Accounting and financial reporting for state and local governments use, in different places, either the economic resources measurement focus and the accrual basis of accounting or the current financial resources measurement focus and the modified acc..
What is the? bond's yield to? maturity? The market price is ?$900 15?-year bond ?($1,000 par? value) that pays 11 percent annual? interest
A cohort study was designed to look at the association of pesticides and the occurrence of childhood leukemia. Children living in rural areas were followed and leukemia rates were compared between those children living in areas with high and low p..
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Compute the non-controlling interest in the net income of Demers at December 31, 2011. Compute the non-controlling interest of Demers at December 31, 2011.
Grant, Inc. (Grant) acquired 30% of South Co.'s (South) voting stock for $200,000 on January 1, 20X1. Grant's 30% interest in South gave Grant the ability to exercise significant influence over South's operating and financial policies. On that date, ..
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