Estimated liabilities are a known obligation that is of an uncertain amount but that can be reasonable estimated. Common examples are employee benefits such as pensions‚ heath care and vacation pay‚ and warranties offered by a seller (Fundamental Accounting Principles‚ Chapter 11‚ Pg 437). When a firm sells products or renders services with a warranty‚ the firms has an obligation towards the customer when the warranty is honored. The warranty liability is an estimate of the obligations. Hence‚ a
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If I was Mike McCready of Polyphonic‚ I would pursue the record companies first. The following are the reasons: 1. Polyphonic can provide more demonstrable value to the record Labels. Since the record companies‚ because of their hefty investments‚ have the most to lose if an album or a song does not catches the public’s fancy‚ they are more focused on economic returns than artists and producers. Also‚ record companies have the financial resources to invest in Hit Song Science (HSS). 2. Record
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In this paper‚ we will be looking at three different scenarios in order to understand and implement different decision models. Question one The Gorman manufacturing company is trying to decide whether to manufacture a component part or to purchase it. In order to make this decision we need to calculate the Expected Monetary Value for each probability. The highest EMV will be the best decision (Satyaprasad‚ Nirmala‚ & Saha‚ 2012). So‚ EMV for manufacture is= -20(.35) + 40(.35) + 100(.30) = -7+
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More 19 Confidence Interval Problem Answers AP Statistics Quiz A – Chapter – Key A statistics professor asked her students whether or not they were registered to vote. In a sample of 50 of her students (randomly sampled from her 700 students)‚ 35 said they were registered to vote. 1. Find a 95% confidence interval for the true proportion of the professor’s students who were registered to vote. (Make sure to check any necessary conditions and to state a conclusion in the context
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or comparison purposes we also ran a triangular distribution to compensate for the lack of symmetry around the expected mean‚ but the results were broadly similar so we will discuss the results based on the truncated normal distribution. Results: Original Estimate The average total cost of the original over booking settings (5% and 20% respectively‚ shown in red below) is £9‚154. The reason this is higher than Jane’s estimate is that hers was only a single average
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KPMG Deferred Tax Issues: Valuation Allowance Issue 1: Conclude on the appropriateness of the engagement team’s decision for valuation allowance. 1. Clarify Issues & Objectives ASC 740-10-05-5 defines a deferred tax asset as: A deferred tax asset is measured using the applicable enacted tax rate and provisions of the enacted tax law. A deferred tax asset is reduced by a valuation allowance if‚ based on the weight of evidence available‚ it is more likely than not that some portion or all of
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The digital pathology is a new technology that has digitalized the instruments used in the pathology labs for testing. The digitalization has led to the automation of the tests done during the diagnosis procedures. For example‚ a single digital instrument operated by a single pathologist can perform tests that were previously done using five instruments. The global digital pathology market‚ valued at $1.98 billion in 2012‚ is estimated to reach $5.7 billion by 2020. Automation in the conventional
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The Morning Star Company Case Analysis Company: The Morning Star Company‚ Year: 1970 Founded By: Chris Rufer‚ President of The Morning Star Company Goal: To be the dominant player and achieve success through its unique self management approach. CASE SUMMARY The Morning Star Company was founded as a trucking company hauling tomatoes and peaches from farms to processing facilities. Morning Star Company manages the company by following a. Field to Factory Freshness and Efficiency b. Excellent
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Baladiang‚ Jason October 9‚ 2013 Buselak‚ Sandra Lagua‚ Thea Macy Gonzales‚ Jullian Romero‚ Paul John Senados‚ Geoffrey Title: Online Enrollment System Efficiency Proposal for the Ateneo de Davao University – College Unit. Problem Statement: The Ateneo de Davao has recently upgraded its online enrollment system. Students can now enroll themselves online. This then leads to the question of efficiency of the new system. In the past‚ the enrollment process is
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Nelson Mandela Metropolitan University Character Recognition – Single Neuron WRCI 411 – Assignment 1 RXXXXX XXXXXX - 2100XXXX August 2013 RXXXXX XXXXXX – s2100XXXX WRCI 411 – Assignment 1 August 2013 Contents List of Figures and Tables ........................................................................................................................ 1 Figures ..............................................................................................................
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