Hints: A=accounting firm offer, B=consulting firm offer
What is the probability of an offer from the accounting firm if the consulting firm already gave an offer?
Peter applied for a job at an accounting firm and a consulting firm. He knows that...
John applied to an accounting firm and a consulting firm. He knows that 30% of similarly qualified applicants receive job offers from the accounting firm, while only 20% of similarly qualified applicants receive job offers from the consulting firm. Assume that receiving an offer from one firm is independent of receiving an offer from the other. What is the probability that both firms offer John a job?
a student majoring in accounting is trying to decide on the number of firms to which he should apply. given his work experience and grades he can expect to receive a job offer from 70% of the firms to which he applies. The student decides to apply to only four firms. what is the probability that he receives no job offers? carry to the nearest ten thousandths.
Mav, an old friend, applied for a job with Wishing Well. Wishing Well was advertising for a janitorial position, part-time. They were requiring that all applicants be able to lift 50 pounds. Wishing Well is a craft store that deals in quilting fabric. Mav had all the qualifications asked for except the ability to lift 50 pounds. He knew that only three people had applied and that he was the best fit for the role. He was a student and...
On Jamary 1, Peter incorporates Peter Stores, Inc., a DVD store. He contributes $25,000 cash. Peter is the sole owner. 2. Oa January 1, the corporation borrows $12,500 from a bank. 3. On Jamuary 1, the business buys inventory (merchandize for sale) in the amount of $5,000 paying cash 4. On January 1, the business purchases a three-year insurance policy for $1 224 paying cash The company also records the following transactions in January: 5. The company buys inventory for...
Sarah is currently working for an accounting consulting firm, and her annual salary is $60,000. She is considering, however, to open her own business of art gallery. If Sarah runs her own business, then she will have to give up the current job in the firm. With the business, Sarah will provide the space for artists to display their works, and when a piece of art is sold, she will receive a certain amount of fee from the artist. She...
1. Each of two firms has one job opening. The firms offer different wages: firm 1 offers the wage $10 per hour, and firm 2 offers the wage $12 per hour. There are two workers, each of whom can apply to only one firm. The workers simultaneously decide whether to apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets the job; if both workers apply to one firm, the...
Sally works as a junior analyst for a medium-sized IT consulting firm. Her manager, Bob, has asked her to draft a response to an RFP from a large company that is seeking IT consulting services in connection with a new accounting system. As Sally worked on the RFP, she noticed a specific question about her firm’s recent experience on this type of system. To the best of her knowledge, the firm has only worked on one other accounting project in...
Keep or Drop a Product Line: Cainas Company CPAs is a regional accounting firm that offers audit, tax, and consulting services. The partners are concerned about the profitability of their audit business, and a closure decision might be forthcoming. Facts known are as follows: If the firm drops it audit work, it might do more tax work. Only 30% of the fixed costs associated with auditing disappear by dropping the audit function. More tax work can increase revenues by 40%,...
4. Leo just got a job at a consulting firm. He is happy that he's got a job, but does not really feel like working too hard. His supervisor Arnold is well aware of that fact. Arnold can either come in to control what Leo is doing or enjoy another coffee break. Leo on the other hand can either shirk openly, pretend to work, or work for real. Leo likes to shirk, hates to pretend to work, and is okay...
An accounting Firm in Silicon Valley has opportunity to train employee in Java (programming) and accounting law for 1 month • Worker Productivity without training: $10'000 per month • Employee's potential productivity increase from knowing Java is $4,000 Employee's potential productivity increase from accounting law is $7,000 • Accounting firm doesn't benefit from full productivity increase from training; training teaches some material that is not fully useful to firm • Java knowledge: 50% of potential productivity increase is used at...