Lamar has just gotten a new job and is attending a company party where he will meet his colleagues for the first time. his boss escorts him around to small groups to introduce him. at the first group, lamar meets four people and is told only their first names. the same thing happens with a second group and a third group. at the fourth group, lamar is told their names and that one of the women in the group is the company accountant. a little while later, lamar realizes that while remembers the names of the people in the fourth group, he can no longer recall the names of anyone he met earlier in the party. lamar's experience demonstrates

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?