What is the probability of obtaining a head
Suppose you flip a fair coin 10 times and it results in 1 tail and 9 heads. If you toss that coin again what is the probability of obtaining a head?
(a) 9/10(b) 0.5^11(c) 1/10(d) 1/9(e) 1/2
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Ace Company began 2012 with $42,000 of cash. During 2012, Ace expected to collect $200,000 from customers during the first quarter, $500,000 in the second quarter.
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Rolando's employer pays year-end bonuses each year on December 31. Rolando, a cash basis taxpayer, would prefer to not pay tax on his bonus this year. So, he leaves town on December 31, 2013 and doesn't pick up his check until January 2nd, 2014.
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Explain what problems arise in trying to make conclusions based on a survey mailed to the subscribers of a specialty magazine. Find or construct an example.
Kelley company and mason company each have sales of $200,000 and costs of $140,000. Kelley Company's costs consist of $40,000 fixed and $100,000 variable.
If the company has a policy of maintaining a minimum end of the month cash balance of $400,000, the amount the company would have to borrow is?
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