Answers
Answer:
0.4
Explanation:
This problem has been solved using the method of integration.
We are required to solve for the probability that it takes Robby between 29 and 39 minutes to go grocery shopping
= X~U(20,45)
= 1/45-20
= 1/25
Then we get computation for p[29<x<39]
When we take the integrals with x = 1/25
We get
Probability that it takes Robby between 29 and 39 minutes to go shopping to be 0.4
Related Questions
Consider the recorded transactions below.
Credit Debit
Accounts Receivable 7,900
Service Revenue 7,900
Supplies 2,050
Accounts Payable 2,050
Cash 9,700
Accounts Receivable 9,700 .
Advertising Expense 1,100
Cash 1,100
Accounts Payable 3,200
Cash 3,200
Cash 1,200
Deferred Revenue 1,200
Required:
Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each acc the transactions is: Cash, $2,900; Accounts Receivable, $3,700; Supplies, $350; Accounts Payable, $3,000; Deferred Reve Service Revenue and Advertising Expense each have a beginning balance of zero.
Answers
Answer:
gogle know the answer that is the secret
Total revenue for producing 8 units of output is $48. Total revenue for producing 9 units out output is $63. Given this information, the:
A. Average revenue for produce 9 units is $1
B. Average revenue for producing 9 units is $15
C. Marginal revenue for producing the 9 unit is $1
D. Marginal revenue for producing the 9 units is $15
Answers
Answer:
D. Marginal revenue for producing the 9 units is $15
Explanation:
TR(8) = $48
TR(9) = $63
MR(9) = TR(9) - TR(8) = $63 - $48 = $15
AR(8) = TR(8) / 8 = $48/8 = $6
AR(9) = TR(9)/9 = 63/9 = $9
Note: TR=Total revenue, AR= Average Revenue and MR=Marginal Revenue
So, the only correct option is option d
Why would a large publically traded corporation likely prefer issuing bonds as a way to raise new money as opposed to issuing more shares?
A. the rate of return the corporation promised will be more difficult to deliver
B. more shares will dilute the existing value of the stock, causing its market price to fall
C. the market will view the new share issue as a sign the company is in financial difficulty
D. issuing bonds is a more secure method for corporations to raise needed money
Answers
Answer:
B. more shares will dilute the existing value of the stock, causing its market price to fall
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.
Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.
The reason a large publicly traded corporation would likely prefer issuing bonds as a way to raise new money as opposed to issuing more shares is because more shares will dilute the existing value of the stock, causing its market price to fall and may negatively affect by reducing the value and proportional ownership of the investor's shares in the corporation.
Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows:
March $160,800
April 152,800
May 139,000
Depreciation, insurance, and property taxes represent $35,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in June. 73% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.
Prepare a schedule of cash payments for selling and administrative expenses for March, April, and May.
Answers
Answer:
Total Cash Payments are as follows:
For March = $91,834
For April = $119,960
For May = $107,726
Explanation:
Note: See the attached Excel file for the schedule of cash payments
The expenses paid in each month are estimated as follows:
a. March Expenses
Paid in March = (Total projected selling and administrative expenses for March - Depreciation, insurance, and property taxes for March) * Percentage of reminder paid = ($160,800 - $35,000) * 73% = $91,834
Paid in April = (Total projected selling and administrative expenses for March - Depreciation, insurance, and property taxes for March) * Percentage of balance paid = ($160,800 - $35,000) * (100% - 73%) = $33,966
b. April Expenses
Paid in April = (Total projected selling and administrative expenses for April - Depreciation, insurance, and property taxes for April) * Percentage of reminder paid = ($152,800 - $35,000) * 73% = $85,994
Paid in May = (Total projected selling and administrative expenses for April - Depreciation, insurance, and property taxes for April) * Percentage of balance paid = ($152,800 - $35,000) * (100% - 73%) = $31,806
c. May Expenses
Paid in May = (Total projected selling and administrative expenses for May - Depreciation, insurance, and property taxes for May) * Percentage of reminder paid = ($139,000 - $35,000) * 73% = $75,920
Cullumber Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,052,000 on March 1, $1,200,000 on June 1, and $3,072,650 on December 31. Compute Cullumber weighted-average accumulated expenditures for interest capitalization purposes.
Answers
Answer: $2,410,000
Explanation:
Date: March 1st
Expenditure: $2,052,000
Capitalization period: 10/12 months
Weighted Average Accumulated Expenditure: $1,710,000
Date: June 1st
Expenditure: $1,200,000
Capitalization period: 7/12 months
Weighted Average Accumulated Expenditure: $700,000
Date: December 31st
Expenditure: $3,072,650
Capitalization period: 0
Weighted Average Accumulated Expenditure: $0
The Weighted Average Accumulated Expenditure will now be:
= $1,710,000 + $700,000 + $0
= $2,410,000
Note that Weighted Average Accumulated Expenditure for each date was gotten as:
= Expenditure × Capitalization period
Consider a production line with three stations. The first station can process a unit in 10 minutes. The second station has two identical machines, each of which can process a unit in 12 minutes (each unit only needs to be processed on one of the two machines). The third station can process a unit in 8 minutes. Which station is the bottleneck station? a. station 1 b. station 2 c. station 3
Answers
Answer:
a. station 1
Explanation:
A bottleneck is basically the place or station where the production process is congested or delayed because that station lacks the capacity to process work. Bottlenecks are where queues are formed, and the whole process gets delayed.
In this case, station 1 can process 6 units per hour, station 2 can process 10 units per hour and station 3 can process 7.5 units per hour. The station that processes the least number of units is station 1, so that is the station that limits the whole production system. In this case, due to station 1's low processing capacity, a lot of idle time exists in the other 2 stations.
Certain schools of economic thought suggest that a _____________ would reduce pollution in a __________________, when compared to command-and-control regulation.
a. marketable permit; less cost-effective way
b. pollution tax; flexible, more cost-effective way
c. marketable permit; less flexible manner
d. pollution tax; less cost effective, but flexible way
Answers
Answer:
B.
Explanation:
Certain schools of economic thought suggest that a pollution tax would reduce pollution in a flexible, more cost-effective way when compared to command-and-control regulation. Therefore Option B is correct.
What is School?School refers to a place where formal education or knowledge is conducted. This essay uses the term to refer to both lower-level and higher-level educational institutions.
A school is a section of the school system made up of pupils belonging to one or more grade levels or other dissimilar groupings, organized as a single commodity with one or more teachers to deliver teaching of a specific sort, and housed in one or more facilities.
As is the situation when elementary and secondary schools are housed in the same building or compound, more than one school may be located there.
According to the organization's mandate, the school's daily operations are overseen by elected officials who may include department heads and school administrators. The b role is one of learning, education, and research.
To know more about the School follow the link.
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Maxwellâs annual financial statements show operating profit before interest and tax of $508,848 thousand, net income of $311,662 thousand, provision for income taxes of $91,720 thousand and net nonoperating expense before tax of $107,301 thousand. Assume Maxwellâs statutory tax rate for the year is 37%. Maxwellâs effective tax rate is:______________
Answers
Answer: 22.84%
Explanation:
Operating profit before interest and tax = $508,848
Less: net nonoperating expense before tax = $107,301
Earning before tax = $508,848 - $107,301 = $401,547
Provision for income taxes = $91,720
Effective tax rate = Provision for income taxes / Earning before tax × 100
= 91720/401547 × 100
= 0.2284 × 100
= 22.84%
Supple SkinCare Inc. is spending significant money educating customers on the value of its mineral-based skincare line as it moves into several new international markets. The money to educate customers is a form of:_______.
a. licensing fees.
b. political costs.
c. opportunity costs.
d. pioneering costs.
e. first-mover advantages.
Answers
Answer:
D)pioneering costs
Explanation:
From the question, we are informed about Supple SkinCare Inc. who is spending significant money educating customers on the value of its mineral-based skincare line as it moves into several new international markets. In this case, the money to educate customers is a form of pioneering costs.
Pioneering costs can be regarded as those expenses that is spent by a firm inorder to familiarize with the rule of game in a situation whereby the foreign business system the firm found herself is quit difference from home market. This cost could come in term of of devoting time and spending significant money to educate customers about their products and so on.
Ramble On Co. wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.37, and a dividend payout ratio of 54 percent. The ratio of total assets to sales is constant at 1.41. What profit margin must the firm achieve?
Answers
Answer: 16.55%
Explanation:
Profit margin is the amount of earnings that a company has left when every expenses and costs have been deducted.
From the information given, firstly, we calculate the return on equity. This will be:
= Growth rate /(1 + Growth rate) × Retention ratio
= 8% / (1 + 8%) × 46%
= 0.08/(1 + 0.08) × 0.46
= 0.08/1.08 × 0.46
= 0.08/0.4968
= 0.1610
= 16.10%
Return on equity, ROE = 16.10%
We then calculate the profit margin. This will be:
= ROE / Asset turnover × Equity Multiplier
where,
Equity Multiplier = 1 + debt-equity ratio
= 1 + 0.37 = 1.37
Profit margin = ROE / Asset turnover × Equity Multiplier
= 16.10% / {(1/1.41) × 1.37}
= 16.10% / 0.71 × 1.37
= 0.1610 / 0.9727
= 0.1655
Profit margin = 16.55%
The profit margin is 16.55%,
Calculation of the profit margin:First we have to determine the return on equity.
So, it should be
= Growth rate /(1 + Growth rate) × Retention ratio
= 8% / (1 + 8%) × 46%
= 0.08/(1 + 0.08) × 0.46
= 0.08/1.08 × 0.46
= 0.08/0.4968
= 0.1610
= 16.10%
Now the profit margin is
= ROE / Asset turnover × Equity Multiplier
= 16.10% / {(1/1.41) × 1.37}
= 16.10% / 0.71 × 1.37
= 0.1610 / 0.9727
= 0.1655
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When people believe that past behavior is the best predictor of future behavior, they have __________ expectationsa. rational
b. adaptive
c. irrational
d. reasonable
Answers
John wants to purchase a new motorcycle that costs $10,000 in five years. If John wants to have $10,000 in five years, how much would he have to deposit at the end of each of the next five years?
Answers
Answer:
2.ooo
Explanation:
During the year, Hamlet Inc. paid $24,000 to have bond certificates printed and engraved, paid $90,000 in legal fees, paid $15,000 to a CPA for registration information, and paid $230,000 to an underwriter as a commission. What is the amount of bond issue costs?A. $360,000.
B. $26,000.
C. $401,000.
D. $186,000.
Answers
Answer:
$359,000
Explanation:
Total Bond issue costs can be calculated by adding all the cost related to the issue of bond.
Bond Certificate printing cost = $24,000
Legal fees paid = $90,000
CPA registration = $15,000
Underwriting Commission = $230,000
Total Bond issue costs = $359,000
After adding all the cost we reached at 359,000 and its closest to Option A 360,000
Why can some taxes that appear to be regressive in terms of current income be thought of as progressive from a lifetime tax incidence perspective?
Answers
Answer:
The description is outlined in the clarification segment below, as per the case provided.
Explanation:
The prevalence of either a lifetime tax on some kind of fixed income has been known to be a long-term perspective including its broader economic impact of taxation since they complement instead of just replace. The existing income taxes would raise the quarterly funds to meet, but perhaps the cumulative occurrence of tax would enhance the power to charge for existence.If any portion of a long-term debt is to be paid in the next year, the entire debt should be classified as a current liability. A. True B. False
Answers
Answer:
B. False
Explanation:
The portion of a long term liability that is due within one year is called current portion of long-term debt (CPLTD). The name basically explains everything. E.g. you owe a note receivable worth $100,000 and every year you must pay an installment of $10,000 plus interest. The CPLTD (current liability) = $10,000, and the long term debt = $90,000.
Speedy's, a fast food facility, offers products at lower prices than its competitors in the market and has a drive-through-only operation with no indoor seating. What strategy is Speedy's using to gain competitive advantage?A. A best-cost provider strategy B. A focused low-cost provider strategy C. A broad differentiation strategy D. A focused differentiation strategy E. A low-cost provider strategy
Answers
Answer:
The correct answer is the option B: A focused low-cost provider strategy.
Explanation:
To begin with, in the field of business and management this type of strategy known as "focused low-cost strategy" has the purpose to lower the cost of a product that is being sell in a niche market where the other competitors can not afford to lower much more the price so that will implicate that the first company who has the ability to do it will gain a competitive advantage. Moreover, the fact that the company has a drive-through-only operation will increase the fact that the consumers will have their food faster and not having to wait in line or lose any time, so all that will implicate that their are currently having an advantage over the competitors.
Chance, Inc. sold 3,300 units of its product at a price of $87 per unit. Total variable cost per unit is $63, consisting of $41 in variable production cost and $22 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.
a) $135,300
b) $207,900
c) $151,800
d) $287,100
e) $128,700
Answers
Answer:
Total manufacturing margin= $151,800
Explanation:
Giving the following information:
Units sold= 3,300
Unitary variable manufacturing cost= $41
Selling price per unit= $87
Because we need to calculate the manufacturing margin, we will not take into account the administrative costs:
Total manufacturing margin= 3,300*(87 - 41)
Total manufacturing margin= $151,800
What pricing strategy begins with an assessment of customer needs and perceptions and then a target price is set based on customer perceptions of worth?
Answers
Answer:
value-based strategy
Explanation:
Value-based prices are the strategy that helps determine the price based on the consumer's view of the product. It is more customer-based pricing, as it is its main point.
The formal view of value-based strategy is the value of the product based on the consumer's opinion and the products' worth.
Barlow owns the surface rights for Canyon Ranch, but does not own the subsurface rights. Dusty owns the subsurface rights. Canyon Ranch includes a house, a bunkhouse, and two barns, which are damaged when Dusty is excavating for minerals under the surface. Most likely responsible for the damage is:________.
A) Dusty.
B) Barlow.
C) Dusty and Barlow.
D) no one.
Answers
Answer:
A) Dusty.
Explanation:
Generally, when you are dealing with property rights and any damages that occur to real property, the individual that possesses the oldest structure can sue other individuals that damage his/her structure by building or developing a new one.
E.g. in many cities, buildings or even homes tend to be built right next to other homes or buildings (specially in down town areas). If you are building a house right next to an existing house and the walls are damaged because because you dug to build a basement, then you are responsible and liable for the damages even if you never invaded the other property.
In staple merchandise management systems, the ______ is the amount of inventory below which the quantity available shouldn't go or the item will be out of stock before the next order arrives. A) service level B) order point C) base stock D) perpetual inventory E) average inventory.
Answers
Answer:
B) order point
Explanation:
A merchandise management systems can be defined as a strategic technique used by business firms to measure and understand the buying habits of the consumers of an organization in order to effectively and efficiently source, plan, display and properly stock the finished goods (products).
In staple merchandise management systems, the order point is the amount of inventory below which the quantity available shouldn't go or the item will be out of stock before the next order arrives. The order point is the minimal amount of goods (products) that a business firm allows itself to have before restocking or ordering for more products.
Steve Smith will receive $82,870 on 5 years from now, from a trust fund established by his father. Assuming the appropriate interest rate for discounting is 10% (compounded semiannually), what is the present value of this amount today? (Round factor values to 5 decimal places, e.g. 1.25124. Round answers to the nearest whole dollar, e.g. 5,275.)
Answers
Answer:
$50,875
Explanation:
The computation of the present value is shown below:
Given that
NPER = 5 × 2 = 10
RATE = 10% ÷ 2 = 5%
PMt = $0
FV = $82,870
The formula is shown below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the present value is $50,875
Hence, the present value is $50,875
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The expected return of Stock A is 7%, Stock B is 10% and Stock C is 12%. If you equally invest in these three stocks, what is the expected return of your three-stock portfolio?
Answers
Answer:
Portfolio return = 0.09667 or 9.667% rounded off to 9.67%
Explanation:
To calculate the expected rate of return of a stock portfolio, we take the weighted average of the expected return for each stock. The formula to calculate the expected return of portfolio is,
Portfolio return = wA * rA + wB * rB + ... + wN * rN
Where,
w represents the weight of each stockr represents the return of each stock
As we have 3 stocks with equal investment in each stock, we can say the weight of each stock is 1/3.
Portfolio return = 1/3 * 0.07 + 1/3 * 0.1 + 1/3 * 0.12
Portfolio return = 0.09667 or 9.667% rounded off to 9.67%
A company reports the following amounts for 2021:_________. Inventory (beginning) $ 20,000 Inventory (ending) 35,000 Purchases 170,000 Purchase returns 10,000 Calculate cost of goods sold, the inventory turnover ratio, and the average days in inventory for 2021. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)
Answers
Answer:
Cost of goods sold $145,000
Inventory turnover ratio 5.27 times
Average days in turnover 69 days
Explanation:
1. Cost of goods sold
= Beginning inventory + [Purchases - Purchases return ] - Ending inventory
= $20,000 + [$170,000 - $10,000] - $35,000
= $20,000 + $160,000 - $35,000
= $145,000
2. Inventory turnover ratio
= Cost of goods sold ÷ Average inventory
Given that;
Cost of goods sold = $145,000
Average inventory = (Beginning inventory + Ending inventory) ÷2
= ($20,000 + $35,000) ÷ 2
= $27,500
Therefore,
Inventory turnover ratio = $145,000 ÷ $27,500
= 5.27 times
3. Average days in turnover
= Average inventory / Cost of sales × Number of days in period
Average inventory = $27,500
Cost of sales = $145,000
Number of days = 365 day
Average days in turnover = ($27,500/$145,000) × 365 days
= 69 days
The amount of risk that will remain in a portfolio depends on the degree to which the stocks are exposed to:______
Answers
Answer:
Common risks.
Explanation:
Portfolio variance can be defined as the measurement of risk or dispersion of returns of a set of securities that makes up a portfolio fluctuate over a period of time.
Simply stated, portfolio variance is typically the total returns of the portfolio over a specific period of time.
In order to calculate the portfolio variance, the standard deviations of each security in the portfolio with their respective correlations security pair in the portfolio would be used. Portfolio variance is the square of standard deviation.
A two-asset portfolio with a standard deviation of zero can be formed when the assets have a correlation coefficient equal to negative one (-1) because this defines the efficiency frontier. In Economical portfolio theory, the efficient frontier is a group of optimal portfolios that offers an investor the highest expected return for a specific risk level or offers the lowest risk for a defined level of expected return.
The amount of risk that will remain in a portfolio depends on the degree to which the stocks are exposed to common risks.
A common risk can be defined as a type of risk that affects the entirety of a business firm or company and as such can't be diversified.
Hence, in order to eliminate some of the risk associated with a portfolio, business owners combine stocks in a portfolio and the amount of risk that will remain or eliminated in a portfolio depends on the degree to which the stocks are exposed to common risks.
Taylor, Inc., stock has a beta of 1.2 and an expected return of 9.3%. The risk-free rate is 4.1% and the market risk premium is 6.8%. This stock is _____ because the CAPM return for the stock is _____%.a. overvalued; 11.87.
b. undervalued; 12.09.
c. undervalued; 12.26.
d. overvalued; 12.26.
e. undervalued; 11.87.
Answers
Answer:
The stock is overvalued because the CAPM return for the stock is 12.26%
Option d is the correct answer.
Explanation:
Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate. If the expected return on a stock is less than the required rate of return, a stock is said to be overvalued and vice versa.
The formula for required rate of return under CAPM is,
r = rRF + Beta * rpM
Where,
rRF is the risk free rate
rpM is the market return
r = 0.041 + 1.2 * 0.068
r = 0.1226 or 12.26%
The stock is overvalued because the CAPM return for the stock is 12.26%
What's a benefit of creating playlists?
Answers
Answer:
By organizing similar content together, it increases the likelihood that viewers will watch multiple videos in one sitting. Another benefit of playlists is that they provide additional opportunities to appear in You Tube search results.
Jane bought a $3,000 audio system and agreed to pay for the purchase in 10 equal annual installments beginning one year from today. The interest rate is 12%. What is the amount of the annual installment?
Answers
Answer:
Jane
The amount of the annual installment is:
$530.98
Explanation:
Present value of audio system = $3,000
Interest rate (r) = 12%
Number of years for installments (n) = 10 years
The future value = PV * (1 + r)∧n
= $3,000 * (1 + 0.12)∧10
= Future value of the audio system
= $9,318 ($3,000 * 3.106)
Jane will need to contribute $530.98 at the end of each period to reach the future value of $9,318.00.
From online financial calculator:
FV (Future Value) $9,318.00
PV (Present Value) $3,000.15
N (Number of Periods) 10.000
I/Y (Interest Rate) 12.000%
PMT (Periodic Payment) $530.98
Starting Investment $0.00
Total Principal $5,309.78
Total Interest $4,008.22
The police chief mentions that unionized emergency personnel had already been deployed, so pulling them back would not be worth it. However, there may be long term savings in pulling them back. If the police chief is looking solely at short-term costs and benefits, what type of decision-making bias would this represent? a) discounting the future b) traming effects c) illusion of control d) representativeness
Answers
Answer:
a) discounting the future
Explanation:
Police chief mentions that unionized emergency personnel and When police superiors look only at short-term costs and benefits, decision-making bias discounts the future in this case because it is a bias such as prioritizing the present, rejecting it, or avoiding future going. Long-term effect.so that here the correct option is a) discounting the futureTroy's financial records for the year reflect the following: Interest income from bank savings account $1,440 Taxable annuity receipts 2,880 City ad valorem property tax on investments 216 Investment interest expense 5,040 Calculate Troy's net investment income and his current investment interest deduction. How is a deduction for any potential excess investment interest treated?Troy's net investment income is $_____and his investment interest deduction is $______investment interest expense not deducted this year is_____.
Answers
Answer:
net Investment income for Troy = $4,104.
Investment interest deduction = $4,104.
Brought forward.
Explanation:
So, from the question above we are his the folly information for the financial report of Troy.
=> Interest income from bank savings account = $1,440.
=> The Taxable annuity receipts = 2,880.
=> City ad valorem property tax on investments = 216.
=> Investment interest expense = 5,040.
Therefore, Troy's net investment income can be calculated by the addition of Interest income from bank savings account with The Taxable annuity receipts, that is;
Troy's investment income = Interest income from bank savings account + The Taxable annuity receipts.
Troy's investment income = $1,440 + 2,880 = $4,320.
Therefore, the net Investment income for Troy is calculated as;
The net Investment income for Troy = Troy's investment income - City ad valorem property tax on investments.
=>The net Investment income for Troy = $4,320 - $216 = $4,104
Therefore let's fill in the gaps given in the question:
"Troy's net investment income is $4,104 and his investment interest deduction is $4,104.
Investment interest expense not deducted this year is BROUGHT FORWARD"
A ________ is the cost of transmitting a news product to each consumer Group of answer choices head count cost shot cost unit cost delivery cost
Answers
Answer:
Delivery cost
Explanation:
Delivery cost is defined as the amount that is used to transmit a product from the manufacturer to the consumer.
Delivery cost is made up of the following.
- Manufacturing cost which is the cost incurred from the production plants to packaging in units. This is then introduced to the distribution chain.
- Product supply expense is mostly administrative cost incurred for purchase of materials, engineering, and development.
- Product logistics cost is one that is incurred from the time a product enters the distribution chain till it gets to the consumer