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Question 2 (25 points, Swimming Frog): A frog is dropped to a river with a width 10 meter. The location of the river where the frog lands on is random and can be considered uniformly distributed. After it gets dropped, the frog swims to the river-bank closer to it (See Fig. 1)· Let random variable X denote the distance that the frog swims to get back to the river-bank 10 m Figure 1: Diagram for Q2. Frog swims to the closest side (a) (10 Pts.) Determine the distribution of X. Justify your reasoning (b) (5 Pts.) From the distribution of X, determine P(X > 1) (c) (5 Pts.) Determine ELX (d) (5 Pts.) Determine the CDF of X, and then calculate P(X <5). ANSWER

Does GAAP require amortization of goodwill against net income? If not, when does goodwill decrease? A.Maybe, under IFRS goodwill is written off or reduced to a lesser value only when its value is impaired. Under US GAAP, goodwill is amortized. B.Yes, goodwill is always amortized against net income over the estimated useful life of the goodwill. C.No, under both the U.S. GAAP and IFRS goodwill is written off or reduced to a lesser value only when its value is impaired. D.Maybe, if goodwill is purchased, it should be amortized over the estimated useful life of the goodwill, if goodwill is created then it should not be amortized. ANSWER As per GAAP, self generated intangible assets cannot be recognised whereas acquired intangible assets can be recognised and amortized over its useful life. Hence we can say that self generated goodwill cannot be amortized and acquired godwill can be amortized. Correct Option is  D) May be, if goodwill is ourchased, it should be amorti...

ACCOUNTING apter 6 Homework Questions 3-5 (of 8) The following information applies to the questions displayed below. The transactions listed below are typical of those involving Amalgamated Textiles and American Fashions Amalgamated is a wholesale merchandiser and American Fashions is a retail merchandiser. Assume all sales of merchandise from Amalgamated to American Fashions are made with terms 3/10. n/30, and that the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended December 31. a. Amalgamated sold merchandise to American Fashions at a selling price of $245,000. The merchandise had cost Amalgamated $181,000 b. Two days later, American Fashions complained to Amalgamated that some of the merchandise differed from what American Fashions had ordered. Amalgamated agreed to give an allowance of $6,500 to American Fashions. c. Just three days later, American Fashions paid Amalgama...

December 31, 2017. O March 1, 2018. April 1, 2018. O April 18, 2018. Mark for follow up Question 11 of 75 When Lisa lost her job, she had an account balance of $25,000 in her 401(k). She also had an outstanding 401() plan loan of $9,000 secured by that balance. She made no after-tax contributions. If Lisa is unable to repay the loan and elects to take it as a distribution, what is the mandatory withholding? O $1,800 O $3,200 $5,000 ANSWER Mandatory withholding is 20% of the outstanding account balance. Lisa 401(K) account balance = $25,000 Mandatory withholding = 20% So, mandatory withholding = $25,000 × 20% = $5,000 Mandatory withholding for Lisa is $5,000.

Boca Inc. Balance Sheets December 31 Assets 2018 2017 Cash 40,800 48,400 Accounts Receivable 87,800 38,000 Inventory 112,500 102,850 Prepaid Expenses 28,400 26,000 Long-term Investments 138,000 109,000 Plant Assets 367,000 242,500 Accumulated depreciation  (50,000)  (52,000) Total 724,500 514,750 Liabilities and Stockholders' Equity Accounts Payable 72,000 67,300 Accr...

Simple Computer Science Questions Question 2 ANSWER Match the following a - 4 b - 10 c - 8 d - 6 e - 9 f - 1 g - 2 h - 7 i - 3 j - 5

Simple Computer Science Questions Question 1 ANSWER 1- a. hardwarre 2- b. operating system 3- b. specialized program 4- a. mainframe 5- a. handheld 6- b.  memory 7- d. secondary 8- b. document 9- a. cloud computing   10- b. internet

ACCOUNTING apter 6 Homework Questions 3-5 (of 8) The following information applies to the questions displayed below. The transactions listed below are typical of those involving Amalgamated Textiles and American Fashions Amalgamated is a wholesale merchandiser and American Fashions is a retail merchandiser. Assume all sales of merchandise from Amalgamated to American Fashions are made with terms 3/10. n/30, and that the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended December 31. a. Amalgamated sold merchandise to American Fashions at a selling price of $245,000. The merchandise had cost Amalgamated $181,000 b. Two days later, American Fashions complained to Amalgamated that some of the merchandise differed from what American Fashions had ordered. Amalgamated agreed to give an allowance of $6,500 to American Fashions. c. Just three days later, American Fashions paid Amalgama...