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2 years ago

You draw and keep a single bill from a hat that contains $1, $10, $20, and $50 bill. what is the expected value of the game?

Business

1 answer:

svp [43]2 years ago

8 0

The Expected value of the game to you is 19 dollars. The Expected value of the game to you is 19 dollars.

Expected value (also called expected value, expected value, mathematical expected value, mean, average, or first moment) is a generalization of weighted average. Informally, the expected value is the arithmetic mean of a large number of independently selected random variables.

The expected value is the probability multiplied by the value of each outcome. For example, a 50% chance of winning $100 is worth $50 to you (if you don't mind the risk). You can use this framework to decide if you should participate in the lottery.

Learn more about Expected value here: brainly.com/question/15858152

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National Orthopedics Co. issued 8% bonds, dated January 1, with a face amount of $550,000 on January 1, 2021. The bonds mature o

loris [4]

Answer:

1) the price of each bond:

PV of face value = $1,000 / 1.05⁸ = $676.84

PV of coupon payments = $40 x 6.4632 (PV annuity factor, 5%, 8 periods) = $258.53

market price per coupon = $935.37

2) journal entry to record issuance of the bonds:

January 1, 2021, bonds issued at a discount

Dr Cash 514,453.50

Dr Discount on bonds payable 35,546.50

Cr Bonds payable 550,000

3) I used an excel spreadsheet

4) June 30, 2021, first coupon payment

Dr Interest expense 25,722.68

Cr Cash 22,000

Cr Discount on bonds payable 3,722.68

5) December 31, 2024, last coupon payment

Dr Interest expense 27,236.45

Cr Cash 22,000

Cr Discount on bonds payable 5,236.45

December 31, 2024, bonds are redeemed

Dr Bonds payable 550,000

Cr Cash 550,000

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4 0

3 years ago

Janelle is highly organized and loves working to find ways to arrange graphs and data more effectively. She doesn't handle confl

krek1111 [17]

The most appropriate job for Janelle is in clerical work. The answer is B.

Clerical work requires competent systematic skills. Since Janelle is very comfortable in arranging or organizing files, she is very compatible with the job. Moreover, clerical work requires focus and does not really require interaction with workers. As long as you are able to deliver the outputs, that is already considered as efficient.

5 0

3 years ago

Fill in the missing amounts.

love history [14]

Let understand that the organized table are intended to calculate missing numbers on Income Statement for the two companies are drawn below.

Here, we are calculating missing columns for Monty Corp. and Whispering Winds Corp.

Also understand that the bold numbers are the columns calculated according to the question.

Particulars Monty Corp. Whispering Winds Corp.

Sales revenue $90,000 $111,000

Sales return and allowance $6,000 $5,000

Net sales $84,000 $106,000

Cost of goods sold $53,760 $65,720

Gross profit $30,240 $40,280

Operating expenses $15,120 $19,080 

Net income $15,120 $21,200

In conclusion, the formulae used to derived the bolded answers are:

Sales revenue - Net sales = Sales returns and allowance
Net sales - Cost of goods sold = Gross profit
Gross profit - Operating expenses = Net income
Net sales + Sales return and allowance = Sales revenue
Net sales - Gross profit = Cost of goods sold
Gross profit - Net income = Operating expenses

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4 0

2 years ago

Bridge City Consulting bought a building and the land on which it is located for $175,000 cash. The land is estimated to represe

Darya [45]

Answer:

Part 1

D.E = $5,300

Part 2

a. Book Value = $61,900

b. Book Value = $122,500

Explanation:

Step 1 : Determine the Cost of Buildings

Separate the Cost of Land and the Cost of Building from the Purchase Price

Calculation of the Cost of Building

Purchase Price ($175,000 x 30%) $52,500

Building Renovations $20,000

Total $72,500

Step 2 : Depreciation calculation

Depreciation expense = (Cost - Residual Value) ÷ Useful Life

= ($72,500 - $19,500) ÷ 10

= $5,300

After Year 2

Buildings :

Accumulated Depreciation = $10,600

Book Value = $72,500 - $10,600 = $61,900

Land

Book Value = $175,000 x 70% = $122,500

Note : Land is not depreciated

5 0

2 years ago

The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'

adelina 88 [10]

Answer: 94 DAYS

Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.

formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

5 0

3 years ago