An undergraduate business student has purchased a laptop computer for use during exams. This laptop is perfectly reliable except for two parts: its microchip, which has a failure rate of one in every twenty hours of operation; and its battery, which has a failure rate of one in every ten hours of operation. Also, on average the battery will wear out in five hours, with a standard deviation of 30 minutes. Assuming that a new battery has just been installed, what is the probability that the laptop will perform reliably during a one-hour exam?

Answers

Answer 1

Answer:

probability of a reliable performance = 19/20

Explanation:

If a new battery has just been installed, then the chances of failure are only contributed by the faulty microchip, which has a failure rate of 1 in 20 hours.

Therefore in 1 hour, the probability that the laptop will perform reliably is calculated as follows:

Chances of failure = 1 in 20

20 hours = 1 chance of failure

∴ 1 hour = 1/20 chance of failure

1/20 = 0.05 chance of failure

Now, let us express 0.05 as fraction:

0.05 = 5/100

Therefore in 1 hour, there is a 5 in 100 chances of failure.

But we are asked to find the probability that the laptop will perform reliably. This is simply done by finding the difference between the total chances of occurrence (100)  and the chances of failure (5)

∴ Probability of reliable performance in one hour = (100 - 5) / 100

= 95/100

95/100 = 19/20


Related Questions

bob works as an application developer for a small company. he needs to access an old file for the execution of a program, but the file no more exists on his system. although, he had created a backup of the file, and he needs to restore it from the backup. which of the following steps should bob take to accomplish this?

Answers

Bob need to follow OneDrive Group Policy settings step to accomplish this.

What is backup?

Backup is the process of creating a copy of the data on your system that you use for recovery in case your original data is lost or corrupted. You can also use backup to recover copies of older files if you have deleted them from your system. Backup refers to the copying of physical or virtual files or databases to a secondary location for preservation in case of equipment failure or catastrophe. The process of backing up data is pivotal to a successful disaster recovery plan. The purpose of the backup is to create a copy of data that can be recovered in the event of a primary data failure. Primary data failures can be the result of hardware or software failure, data corruption, or a human-caused event, such as a malicious attack (virus or malware), or accidental deletion of data.

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what does it mean to drive ahead

Answers

To "drive ahead" typically means to move forward or progress in a particular direction, usually in a vehicle such as a car.

This can be interpreted literally or figuratively. Literally, it means to move forward on a road or path.

Figuratively, it can refer to making progress towards a goal or objective, overcoming obstacles, or taking proactive steps to achieve a desired outcome. The phrase "drive ahead" can also be used to encourage someone to keep moving forward and not give up.

In this game, players control a car and compete against other players in various challenges and game modes, such as racing, smashing opponents, and avoiding obstacles. The objective is to win matches and unlock new cars and game content. The game is available on both iOS and Android platforms and has become quite popular since its release in 2015.

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Question 3 of 10
What would be used by a business to assess how the business is working
within its organization goals?
OA. Information systems
B. Management plan
C. Interactivity
D. Business analysis
CHDEM

Answers

Option D. Business analysis is assessing how the business is working towards its organizational goals.

Business analysis is a process that involves assessing and evaluating various aspects of a business to determine how effectively it is operating within its organizational goals. It typically involves analyzing the business's performance, processes, strategies, and systems to identify areas of improvement or alignment with the established goals. Business analysis helps in understanding the strengths, weaknesses, opportunities, and threats faced by the business and enables decision-makers to make informed choices to enhance performance and achieve organizational objectives.

While information systems, management plans, and interactivity are important components of business operations, they are not specifically focused on assessing how well a business is working within its organizational goals. Business analysis, on the other hand, is specifically designed for this purpose. Therefore, the correct answer is option D.

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What steps will allow you to use the Keep Together property to ensure that none of the records are broken between two pages when they are printed?

Answers

Answer: 1. design

2. property sheet

3. yes

Explanation: just did it

micro environment essay​

Answers

Answer:

roses are red violets are blue suger is sweet but why arent you

When Coca-Cola introduced Coke Zero, this was an example of a _____ strategy.

Answers

Answer:

B) product line extension

Explanation:

The product line extension refer to the extension of the product that means introduction of a new item in the same category of product in terms of new flavors, colors, sizes, etc

Since in the question it is mentioned that the Coca-cola introduced the coke zero so this represent the product line extension strategy example

Therefore the correct option is B.

which of the following is not a likely reason for a change in project scope?

Answers

Scope changes are deviations in functionality, layout, quality, budget, timeline, responsibilities, or other aspects of a project. Typically, scope changes result from careful decisions from a project manager or stakeholder.

Scope change management

Scope change management means after your initial project scope has been authorized, which is executed at the completion of your project charter phase, you must manage, control, and document any changes to your scope.

Therefore, any exception to the above is will not be a reason.

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On 1 July 2016 Liala Ltd sold an item of plant to Jordan Ltd for $450000 when its’ carrying value in Liala Ltd book was $600000 (costs $900000, accumulated depreciation $300000). This plant has a remaining useful life of five (5) years form the date of sale. The group measures its property plants and equipment using a costs model. Tax rate is 30 percent.

Answers

Answer:

Follows are the solution to this question:

Explanation:

30.06.2017: Cash/Bank Account   Dr. $450000

Loss to Plant in revenue Dr. $150,000    

Cumulative Depreciation  Dr. $300000  

To the Factory Account  $900000  

(Selling the plant at a loss of $150000)  

Start buying by Jordan Ltd. of Equipment

30.06.2017   Plant Account   Dr.        $ 450000

To Cash /Bank Account                 $450000

(Being an Equipment Buyer)

30.06.2018   Depreciation Account Dr.       $90000

To the Depreciation Accrued           $90000

(Depreciation has been claimed for the plant)

30.06.2018 Profit and Loss Account Dr.     $90000

To Depreciation Account                       $90000

 (P&L Account paid for depreciation)

The Journal Entries to record the sale of plant to Jordan Ltd in the books of Liala Ltd are as follows:

Debit Accounts Receivable (Jordan Ltd) $450,000

Credit Sale of Plant $450,000

To record the sale of plant to Jordan Ltd on account.

Debit Sale of Plant $600,000

Debit Accumulated Depreciation $300,000

Credit Property, Plants, and Equipment $900,000

To record the transfer of sold plant to Sale of Plant account.

Debit Loss on Sale of Plant $150,000

Credit Sale of Plant $150,000

To record the loss from sale of plant

Data Analysis:

1 July 2016:

Accounts Receivable (Jordan Ltd) $450,000 Sale of Plant $450,000

Sale of Plant $600,000 Accumulated Depreciation $300,000 Property, Plants, and Equipment $900,000

Loss on Sale of Equipment $150,000 Sale of Plant $150,000 ($900,000 - $300,000 - $450,000)

Thus, the sale of the plant resulted to a loss of $150,000 being the difference between the carrying value of $600,000 and the sale proceeds of $450,000.

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Which of these is an advantage of most natural fibers?
OA.
O B.
OC.
O D.
They need to be washed by hand or dry cleaned.
They are usually inexpensive.
They are free of bleaches, dyes, and chemicals.
They biodegrade after being thrown away.

Answers

The correct option for advantage of most natural fibbers is:

They biodegrade after being thrown away.

Regular strands are well known for the overwhelming majority various reasons, as the texture is by and large more harmless to the ecosystem and solid. Retentive. Normal filaments have a staggeringly high sponginess, as the strands, both plant and creature, have major areas of strength for a for water.

What are the benefits of regular strands?

Regular strands are maintainable materials which are effectively accessible in nature and enjoy benefits like minimal expense, lightweight, sustainability, biodegradability, and high unambiguous properties.

What are the elements of regular strands?

Normal strands are nontoxic, have a lower thickness, are not difficult to deal with, compostable and bountiful with a nonstop inventory. They additionally have OK unambiguous strength properties with high durability, nonabrasive handling and don't make dermal and respiratory aggravation of buyers.

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The selection of delegates to the national convention produces _____.

Answers

eligen a los presidentes

You remove an adult out of the water who
was floating face down and not moving.
They are unresponsive… What next?

Answers

Answer:

First of all, I think this is a dum question, but what you would (probably) do is give him/her CPR.

Explanation:

Common sense.

i think:

and don't worry)

Which best explains why there are many job opportunities in the Lodging pathway?

Answers

Answer:

The pathway includes low-paying jobs.

Explanation:

Edge2021

10.EX.19.09 NPV and IRR
Each of the following scenarios is independent. All cash flows are after-tax cash flows.

Required:
1. Patz Corporation is considering the purchase of a computer-aided manufacturing system. The cash benefits will be $727,000 per year. The system costs $2,738,000 and will last six years. Compute the NPV assuming a discount rate of 12 percent.

Should the company buy the new system?
2. Sterling Wetzel has just invested $309,000 in a restaurant specializing in German food. He expects to receive $49,464 per year for the next nine years. His cost of capital is 7.40 percent. Compute the internal rate of return. Round your answers to whole percentage value (for example, 16% should be entered as "16" in the answer BOX).
%

Answers

1. To compute the NPV for the purchase of the computer-aided manufacturing system, we need to discount the cash benefits at the given discount rate and subtract the initial cost. The cash benefits are $727,000 per year for 6 years.

NPV = Cash benefits / (1 + discount rate)^n - Initial cost

NPV = $727,000 / (1 + 0.12)^6 - $2,738,000

Using a calculator, the NPV is approximately -$527,592.78 (rounded to the nearest dollar).

Since the NPV is negative, it indicates that the present value of cash benefits is less than the initial cost. Therefore, based on the NPV criterion, the company should not buy the new system.

2. To compute the internal rate of return (IRR) for Sterling Wetzel's investment in the restaurant, we need to find the discount rate that makes the present value of cash flows equal to the initial investment.

IRR is the rate at which the NPV equals zero.

IRR = Cost of capital

In this case, the initial investment is $309,000 and the cash flows are $49,464 per year for 9 years.

Using a financial calculator or Excel's IRR function, the IRR is approximately 9% (rounded to the nearest whole percentage value).

Therefore, the internal rate of return for Sterling Wetzel's investment is 9%.

how van an oligopoly cause market failure (8)​

how van an oligopoly cause market failure (8)

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

An oligopoly can cause market failure because companies that form the oligopoly do not allow other companies to enter and compete in the market. This action limits consumers to choose from a variety of options, including quality, the best price, and service.

Often, oligopoly associates the strongest or more powerful companies in order to wipe out other minor competitors. They want to establish a dominant presence that affects prices and consumers participation.

Oligopoly practices result in inefficiency and instability in the market. That is why oligopolies are not good for the economy.

The automobile industry is mostly associated with an oligopoly.

When a market is controlled by just a few numbers of companies, but none of them is above the others, we are talking about an oligopoly. They can collude intentionally or not, to establish prizes and to not let other companies compete with them.

HELP ME PLEASE
The following transactions and
events have occurred during March 2022 in ABC Company
1 The company issued shares in exchange for $400,000 cash.
2 Borrowed $150,000 from a Local Bank payable in 1 year. (Interest is = 12% annually)
Purchased a machine for $100,000, paying $50,000 cash, and the rest will be paid later.
3 (Depreciates at a rate of $10,000 per month.)
4 Billed customers $80,000 for services performed.
5 Purchased in cash $4,500 of supplies. (Only $500 remained by the end of the month)
Received $4,800 cash in advance from customers for services to be performed in three
6 months.
7 Paid Dividends of $4,000 in cash.
Required:
1. Analyze each of the transactions in terms of its effect on the accounting equation elements. 2. Prepare the necessary journal entries for the month and post to the Ledger.
3. Prepare the Trial Balance.
4. Prepare and post the necessary adjusting entries.
5. Prepare the Adjusted Trial Balance.
6. Prepare the Income statement, Retaining Earnings statement, and Statement of financial Position.
7. Prepare and post the closing entries.
8. Prepare the Post-Closing Trial Balance.

HELP ME PLEASE The following transactions and events have occurred during March 2022 in ABC Company1

Answers

Answer:

d

Explanation:is wrong i got it wrong on edg

Which of the following time series would be an excellent candidate if you were looking to show a trend in the data?
a) total solar power generated at a certain site each month over a span of years
b) total solar power generated at a certain site each year over a span of several years
c) total solar power generated each noon minute over the course of an hour, as a sequence of storm clouds pass overhead
d) total solar power generated at a certain site each day, january-july

Answers

The correct answer would be A

During 2011, Gum Co. introduced a new product carrying a two- year warranty against defects.

The estimated warranty costs related to dollar sales are 2% within 12 months following the sale and 4% in the second 12 months of the sale.

The sale and actual warranty expenditures for the years ended December 31, 2011, and 2012 are as follows:

Sales Actual warranty expenditures
2011 150,000 2,250
2012 250,000 7,500
Total 400,000 9,750
What amount should Gum report as warranty expense on its 12/31/2012 Income Statement?

Answers

The amount that Gum should report as estimated warranty expense on its December 31, 2012 balance sheet is $14,250.

First step is to calculate the estimated cost related to dollar sales

Estimated cost related to dollar sales=2%+4%

Estimated cost related to dollar sales= 6%

Second step is to calculate the estimated warranty expense that should be reported

Estimated warranty expense =(400,000×6%)-Total of actual warranty expenditures of $9,750

Estimated warranty expense=$24,000-$9,750

Estimated warranty expense=$14,250

Inconclusion the amount that Gum should report as estimated warranty expense on its December 31, 2012 balance sheet is $14,250.

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We are evaluating a project that costs $1.68 million, has a five-year life and no salvage value. Assume depreciation is straight-line to zero over the life of the project. Sales are projected at 82 000 units per year. Price per unit is $43.29, variable cost per unit is $22.18 and fixed costs are $623 000 per year. The tax rate is 34% and we require a 10% return on this project. What is the sensitivity of NPV to a 100-unit change in the sales figure?

Answers

The sensitivity of NPV to a 100-unit change in sales is -$0.20. This means that for every 100-unit increase in sales, the NPV of the project decreases by $0.20.

To calculate the sensitivity of NPV to a 100-unit change in sales, we need to calculate the NPV of the project at two different sales levels: 82,000 units and 82,100 units. The difference between the two NPV figures will tell us the sensitivity of NPV to a 100-unit change in sales.

First, let's calculate the annual cash flows for the project at 82,000 units:

Revenue = 82,000 x $43.29 = $3,548,780

Variable costs = 82,000 x $22.18 = $1,817,560

Fixed costs = $623,000

Depreciation = $1,680,000 / 5 = $336,000

Taxable income = $772,220

Taxes = $262,300 (34% x $772,220)

Net income = $509,920

Operating cash flow = $846,920 ($509,920 + $336,000)

Now, let's calculate the NPV of the project at 82,000 units:

Year 0: -$1,680,000

Year 1-5: $846,920 / (1 + 10%)^n, where n = year

NPV = -$1,680,000 + ($846,920 / 0.621) = $-423,338.18

Next, let's calculate the annual cash flows for the project at 82,100 units:

Revenue = 82,100 x $43.29 = $3,553,809

Variable costs = 82,100 x $22.18 = $1,820,758

Fixed costs = $623,000

Depreciation = $1,680,000 / 5 = $336,000

Taxable income = $772,051

Taxes = $262,514.34 (34% x $772,051)

Net income = $509,536.66

Operating cash flow = $845,536.66 ($509,536.66 + $336,000)

Now, let's calculate the NPV of the project at 82,100 units:

Year 0: -$1,680,000

Year 1-5: $845,536.66 / (1 + 10%)^n, where n = year

NPV = -$1,680,000 + ($845,536.66 / 0.621) = $-423,701.25

Finally, we can calculate the sensitivity of NPV to a 100-unit change in sales:

Sensitivity = (NPV at 82,100 units - NPV at 82,000 units) / (100 units x price per unit)

Sensitivity = ($-423,701.25 - $-423,338.18) / (100 x $43.29) = -$0.20

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3. What kind of method of growth does McDonald’s apply in the case ? How does it contribute to the McDonald’s value chain

Answers

The kind of method of growth that McDonald’s apply in the case  is Market penetration.

McDonald's value chain analysis identifies all the major actions and supporting activities that significantly enhance the company's end product, and the business carefully examines these activities in order to either save costs or increase differentiation.

What method did McDonald's employ?

Offering food at affordable costs has long been McDonald's pricing approach. This has contributed to the restaurant's long-term success. This has significantly contributed to McDonald's development as one of the world's leading fast-food brands.

When a product or service is successfully sold in a particular market, this is referred to as market penetration. The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.

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According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?

Answers

The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.

Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:

Evaluation of the Night-light Data Method:

Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.

Reasons for Differences between Traditional Expenditure Approach and Night-light Data:

Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.

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Cost Concept
On February 3, Clairemont Repair Service extended an offer of $87,000 for land that had been priced for sale at $100,000. On February 28, Clairemont Repair
Service accepted the seller's counteroffer of $95,000. On October 23, the land was assessed at a value of $143,000 for property tax purposes. On January 15
of the next year, Clairemont Repair Service was offered $152,000 for the land by a national retail chain.
At what value should the land be recorded in Clairemont Repair Service's records?

Answers

The land should be recorded at the purchase price of $95,000, as that is the amount that Clairemont Repair Service ultimately paid for the land.

What criteria determines the recorded purchase price of the land?

Even though the property tax assessment of $143,000 may seem like a relevant valuation, it is not directly related to the purchase price or market value of the land. The property tax assessments are often based on different criteria and methodologies than market valuations.

Similarly, the subsequent offer of $152,000 from a retail chain is not relevant to the value that Clairemont Repair Service should record the land at, as it was made after the purchase and does not reflect the actual value at the time of purchase. Therefore, the most appropriate value to record the land at in Clairemont Repair Service's records is the purchase price of $95,000.

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As we consider process improvement efforts, when we identify the needs and
requirements of our users, we are gathering which of the following?
A
Voice of the Process (VOP)
B
Voice of the Business (VOB)
Voice of the Employee (VOE)
C

Answers

Answer:

The answer is A

Explanation:

Voice of the Process

As we consider process improvement efforts, when we identify the needs and requirements of our users,they are gathering Voice of the Process. Thus the correct answer is A.

What is the importance of Voice of process?

Process reliability and the ability to adapt to cost and quality standards are ensured with the support of voice of the process. VOP measures a process's ability to satisfy customer needs.

In terms of consumer requirements and perceptions, VOP is the method by which a process conveys performance. Process metrics, which serve as representations for the process's present condition are used for these discussions.

Therefore, option A Voice of the Process is the appropriate answer.

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Explain how utility could be used in a decision where performance is not measured by monetary value

Answers

Utility can be applied in decision-making situations where performance is not solely measured by monetary value.

Utility is a concept that can be used in decision-making scenarios where performance or outcomes are not solely measured by monetary value.

Utility refers to the satisfaction, well-being, or value that an individual derives from a particular outcome or alternative. It provides a framework for decision-makers to consider non-monetary factors and subjective preferences.

In situations where performance is not easily quantifiable in monetary terms, utility can be used to assign subjective values or preferences to different outcomes. Decision-makers can assess the potential utility or satisfaction associated with each alternative and choose the option that maximizes overall utility.

For example, let's consider a decision regarding the selection of a vacation destination. The performance in this case is not directly measured by monetary value, but rather by the level of enjoyment and personal preferences.

Utility theory can be applied by evaluating the potential utility associated with each destination based on factors such as climate, cultural experiences, outdoor activities, and personal interests. Decision-makers can assign subjective values or rankings to these factors and consider their individual utility weights.

By considering utility, decision-makers can make choices that align with their personal preferences and maximize their overall satisfaction or well-being. They may prioritize destinations that offer experiences they value the most, even if it comes at a higher cost or involves trade-offs with other factors.

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If the effect of the debit portion of an adjusting entry is to increase the balance of an asset
account, which of the following describes the effect of the credit portion of the entry?

Answers

When the debit portion of an adjusting entry is used to increase the balance of an asset account, the credit portion of the entry will decrease the balance of another account, which will be either a liability account or an equity account.

What is the adjusting entry?Adjusting entries are journal entries that are made at the end of an accounting period to modify the accounts' balances. They are done to update and verify revenue and expense accounts' accuracy, as well as to adjust the balance sheet accounts for adjustments that have yet to be recorded.When should adjusting entries be made?Adjusting entries are typically made at the end of an accounting period. For example, adjusting entries may be needed if a company's insurance premiums have been paid in advance, or if a company has earned revenue but has not yet received payment.Adjusting entries are critical in determining the correct profit and loss as well as the balance sheet, which is why they must be accurate and complete.Adjusting entries are required for each financial statement's following types:Income Statement - revenue and expense accounts are adjusted.Balance Sheet - asset, liability, and equity accounts are adjusted.How are adjusting entries made?Adjusting entries are made with the following steps:Step 1: Determine the transaction or event that necessitates an adjustment. Step 2: Determine which accounts are affected by the transaction or event. Step 3: Decide whether each account is to be debited or credited. Step 4: Make the necessary adjusting journal entries.

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Robert owns a $213,000 town house and still has an unpaid mortgage of $174,000. In addition to his mortgage, he has the following liabilities: Liabilities Visa $ 610 MasterCard 561 Discover card 429 Education loan 1,003 Personal bank loan 894 Auto loan 4,970 $ Total 8,467 Robert's net worth (not including his home) is about $21,600. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. (a) What is Robert's debt-to-equity ratio? (Round your answer to 2 decimal places.) Debt-to-equity ratio (b) Has he reached the upper limit of debt obligations? O Yes O No

Answers

The correct answer is debt-equity rate=0.37. Net worth, or shareholder's equity, in the account, denotes the quantum which is reckoned after reducing total arrears from total means.

It's a way to assess the wealth of an association or an existent.  The  calculation of the debt-equity rate is shown below

Debt- equity rate =  Debt ÷ Equity Hello fam it's been an awful time with Brewdiés family really enjoyed it. Some really cool musketeers and met  numerous new people but I guess I have overstayed my  hello now it's time for me to go love ya guys thanks for always being there and supporting me  = $,101 ÷$,700= 0.37.

As the  rate is lower than 1 so Robert would not reached the upper limit with respect to the debt  scores. The debt-to-equity rate is calculated by dividing your total arrears by your networth. However, you have reached the upper limit of debt  scores, If your debt- to- equity  rate is about ½.

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Which of the following is true?
A. None of the above is true.
B. Free trade areas and customs unions do not conflict with either the most- favoured-nation or national treatment principles of the GATT. C .Free trade areas and customs unions are a violation of the most-favoured-nation principle, but were permitted by the contracting parties to the GATT so long as they created trade.
D. Free trade areas and customs unions are a violation of the national treatment principle, but were permitted by the contracting parties to the GATT so long as they created trade.​

Answers

Answer:

C.

Explanation:

In the context of the General Agreement on Tariffs and Trade (GATT), free trade areas and customs unions were seen as exceptions to the most-favored-nation (MFN) principle, which states that countries should not discriminate between their trading partners. Free trade areas and customs unions involve preferential treatment among member countries, which goes against the MFN principle.

However, the contracting parties to the GATT allowed for the creation of free trade areas and customs unions as long as they promoted trade and economic integration among member countries. These exceptions were made in recognition of the potential benefits that such arrangements could bring.

Therefore, option C accurately describes the stance on free trade areas and customs unions in relation to the GATT.

Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.

Answers

The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.

What is the selling price per pound for onions?

Total Cost = Quantity * Cost per pound

Total Cost = 1,000 pounds * $0.11/pound

Total Cost = $110

Spoilage Quantity = 3% of Quantity

Spoilage Quantity = 3% of 1,000 pounds

Spoilage Quantity = 0.03 * 1,000 pounds

Spoilage Quantity = 30 pounds

Effective Quantity = Quantity - Spoilage Quantity

Effective Quantity = 1,000 pounds - 30 pounds

Effective Quantity = 970 pounds

Makeup Rate = 180%

Selling Price per pound:

= (Total Cost * Makeup Rate) / Effective Quantity

= ($110 * 1.80) / 970 pounds

= $2.03505/pound.

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I need the answer please help

I need the answer please help

Answers

As given that the taxable state income for the year is $70,000, the applicable tax rate is 5.5%, thus, the tax payable is $3,850.

What does a progressive tax means?

A progressive tax is one in which the tax rate rises in proportion to the taxable amount. The term progressive refers to the manner in which the tax rate rises from low to high, resulting in a taxpayer's average tax rate being less than the person's marginal tax rate. The term can refer to either individual taxes or an entire tax system.

We are given that the taxable state income for the year is $70,000. Note that for this salary range, the tax rate of 5.5% is applicable.

Tax payable is computed as:

= $70,000 * 5.5%

= $3,850

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Don is thinking of borrowing $10,000 from Hancock Whitney Bank. He promises Hancock Whitney cash flows of $5,000 every year for the next three years. If Hancock Whitney Bank's cost of capital is 10%, what is the present value of the stream of cash flows?

Answers

The present value of the stream of cash flows is $2,434.26.

What is the present value?

Present value is the sum of discounted cash flows. The cash flows would be discounted using the cost of capital.

Present value = C / (1 + r)^n

Where:

C = cash flow r = cost of capital n = number of years

-10,000 + [5,000 / 1.1] + [5000 / 1.1²] +  [5000 / 1.1³] = $2,434.26

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Most of the assets were bought a long
time ago and would worth much more
than the books show today.

What is the accounting principle?

Answers

Answer:

Historical cost principle

Explanation:

Assets must be recorded at cost value, not market value. When you record an asset, you cannot change its value every period, you have to keep using the historical value. This is why we use a separate account to record accumulated depreciation of assets, so that the purchase cost is always constant, but the net carrying value will vary depending on depreciation expense.

Market value changes and can be very volatile. Imagine a house, whose initial value was $300,000, then it increased to $500,000 but the market went down and its value was $350,000. It would be a mess to change the value and pay capital gains taxes, or then report a loss.

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