Homework 2 Solution 1. Consider the diagram of the electronic system‚ which shows the probabilities of the system components operating properly. The entire system operates if assembly III and at least one of the components in each of assemblies I and II operates. Assume that the components of each assembly operate independently and that the assemblies operate independently. What is the probability that the entire system operates? 0.9 0.9 0.8 0.8 0.7 I II III 0.95 Solution: P = [1-(1-0.9)*(1-0
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Memo To: California Choppers Advisory Board From: Date: Re: Operations Review The California Chopper’s financial position is in fairly good standing. Although‚ there are some concerns in certain areas‚ which will be discussed below. Attached to the memo is an excel spreadsheet that can be used for referencing. Liquidity California Choppers (CC) appears to be acceptable in terms of their liquidity. Their current ratio seems to be right around the industry average for the past
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Case 2-1 Absenteeism at ONO Inc. ONO is a large auto-supply company that does a large volume of business with only eleven employees. Absenteeism seems to have increased over the last two years and has had a significant effect on ONO. The information in the text shows that ONO had lost 539 employee labor-hours or 67.375 days to employee absenteeism last year. Because there are only eleven employees‚ this equals out to 6.125 missed days per employee. This is actually less than the United States
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CHAPTER 2 The Financial Statements BRIEF EXERCISES BE2–1 2008 2008 2008 Beginning Ending Retained 2008 2008 2008 Retained Earnings + Revenues – Expenses – Dividends = Earnings $28.2 + $43.3 – $38.2 – X = $30.6 X = $2.7 2008 Dividends as a percentage of 2008 net income: 2008 Dividends = $ 2.7 = 52.9% 2008 Net income ($43.3-$38.2) $ 5.1 BE2–2 1) Current Liabilities financed $32 billion of the
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California DMV In 1987‚ the California Department of Motor Vehicles (DMV) embarked on a major project to revitalize their driver’s license and registration application process. DMV’s project was supposed to deliver everything that the department was looking for: ability to track of the state’s 31 million drivers’ licenses and 38 million vehicle registrations. By 1993‚ after $45 million dollars had already been spent‚ the project was canceled. The San Francisco Chronicle described the situation as
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California’s Three Strike Law Elsie Carrasquillo Crime and Society Instructor Scott Axton 2 May 2013 ABSTRACT Some states have yet to join those states that have put in effect the Three Strike Law. Even though many states have implemented the Three Strike Law it still has many setbacks. California has the strictest laws on the Three Strike Law. While experts thought this would be a good idea it causes issues like overcrowding in prisons and a much bigger budget plan. Proposition 36
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Q1. Based on the data in case Exhibit I‚ what inferences can be drawn from the survey responses regarding the herbal shampoo category? As per Exhibit 1 the following inferences can be drawn from the survey regarding herbal shampoo category: * The respondents felt that herbal shampoos need to be used in large quantity for lather and that the protein content is important for making hair strong‚ shiny and soft. * Respondents chose their shampoo based on their hair type and texture. * They feel that
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Re: Case 2 Three Little Pigs‚ Inc. I’m writing this in response to your question on how should the Company determine whether an impairment exists and how should management evaluate impairment. The Company should record inventory impairment when according to ASC 330-10-35-1‚ “the utility of the goods is no longer as great as their cost”. The rule also states “where there is evidence that the utility of goods‚ in their disposal in the ordinary course of business‚ will be less than cost‚ whether
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Name: ___________________________________ Date:_____________ Period: _______________ 1. Where on the normal curve are the inflection points located? Where the slope starts to drop off at. 2. What is the standard normal distribution? A standard Normal distribution is a Normal curve with a mean of 0 and a standard deviation of 1. 3. What information does the standard normal table give? The area that falls to the left of the given z-score. 4. How do you use the standard normal table (Table
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CHAPTER 2 AN INTRODUCTION TO COST TERMS AND PURPOSES 2-20 (15–20 min.) Classification of costs‚ manufacturing sector. Cost object: Type of car assembled (Corolla or Geo Prism) Cost variability: With respect to changes in the number of cars assembled There may be some debate over classifications of individual items‚ especially with regard to cost variability. |Cost Item |D or I |V or F | |A
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