Probability that the three horses owned by one person
A horse race has 12 entries. Assuming that there are no ties, what is the probability that the three horses owned by one person finish first, second, and third?
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The subscription price is $60, and five rights are needed to purchase a new share of stock. What is the value of each right?
On December 31, 2013 Ramon Corp has 500,000 oustanding common shares and 62,000 shares of $100 par value 6% cumulative preferred stock.
New lithographic equipment, acquired at a cost of $718,750 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $61,800.
Professor Green gives two-month computer programming courses during the summer term. Students must pass a number of exams to pass the course, and each student is given three chances to take the exams.
Data concerning a recent periods activity in the Prep Department, the first processing department in a company that uses processing costs, appear below.
Elects to forgo the carryback and to instead carry the net operating loss forward. Calculate the company's tax benefit in the future years assuming no change in tax rates.
Compute the internal rate of return for each investment. Use the above table of present value of an annuity of $1. If required, round your present value factor answers to three decimal places and internal rate of return to the nearest percent.
The Kenneth Parks Company's taxable income and tax payments/liability for the years 2003 through 2008 are given below. Compute the Company's tax refund in 2005.
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