Counting Principles

Math
Week 7 Discussion 1
“Counting Principles” Please respond to the following:
•    Compare and contrast permutations and distinguishable permutations. Provide a formula for each.
•    State the fundamental counting principle and explain it in your own words.
•    Explain the difference between a permutation and a combination. Provide an example of each.
Week 8 Discussion 1
“Probability” Please respond to the following:
•    Provide one example to show how you can use the Expected Value computation to assess the fairness of a situation (probability experiment). Provide the detailed steps and calculations.
•    Develop a tree diagram for tossing two, eight-sided gaming dice to figure out how many possibilities there are. Discuss the purpose of using such a visual in working out probability.

Week 9 Discussion 1
“Statistics” Please respond to the following:
•    You and three of your friends decide to take the same chemistry class together at the local university along with 21 other students. On the first day of class, the professor indicates that this class is graded on a bell-shaped curve.

o    Explain in your own words what grading on a bell-shape curve means in this college chemistry class (make sure to read the textbook before you respond!).
o    Determine if it is possible for you and your friends to all earn an A in this course if the instructor “grades on a curve”. Explain your answer.
o    Discuss whether you think this method of grading is fair.

Accounting
Week 9 Discussion
“Valuation of Accounts Receivables” Please respond to the following:
•    Discuss the primary advantages and disadvantages of applying the direct write-off and the allowance method of writing off accounts. Even though the direct write-off method is not acceptable for generally accepted accounting principles (GAAP) reporting, take a position on whether or not estimating the allowance for doubtful accounts distorts gross income. Propose an alternative method to increase the accuracy of reporting. Explain your rationale.
•    Identify at least three (3) risk factors inherent in estimating the amount of customer write-offs. Explain the procedural steps in which accountants or auditors would follow to identify where material misstatement of receivables and associated gross income has occurred. Explain your rationale.

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