Answer:
C. $12,000
Explanation:
Income from continuing operation: 72,000
discontinued operation (70,000)
earthquake loss (90,000)
total non-operating loss: (160,000)
tax shield of 40% 64,000
net non-operating (96,000)
adjustment on accounting principle: 60,000
then, we apply tax rate of 40%: (24,000)
net effect on shift of accounting principle: 36,000
Net income for Maynard:
72,000 - 96,000 + 36,000 = 12,000
Answer & Explanation:
a) Total ways to select 4 cards out of 52
= 52 C 4 = 270725
Total ways to select 4 cards out of 40 other (faceless) cards
= 40 C 4 = 91390
P( faceless cards ) = 91390 / 270725
= 0.3376
P( minimum 1 face ) = 1 - P( faceless cards )
= 1 - 0.3376
= 0.6624
You should take the bet because probability of winning is greater than 50%.
b) Total ways to select 3 cards out of 52
= 52 C 3 = 22100
Total ways to select 4 cards out of 40 other (faceless) cards
= 40 C 3 = 9880
P( faceless cards ) = 9880 / 22100
= 0.4471
P( minimum 1 face ) = 1 - P( faceless cards )
= 1 - 0.4471
= 0.5529
You should take the bet because probability of winning is greater than 50%.
The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.
<h3>What does an increase in labor efficiency mean?</h3>
favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.
<h3>What do the symbols on Continental currency designs represent?</h3>
In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.
Learn more about banknotes:
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Total investment = $19000
Three investments
A. 10% per annum = $X
(Assumed simple interest, since compounding period not known)
B. low risk stock at 2% = (19000-X)/2
C. high risk stock at 40% = (19000-X)/2
Value at the end of one year
10%(X)+2%(19000-X)/2+40%(19000-X)/2 = 22440-19000
Simplify
0.1X+190-0.01X+3800-0.2X=22400-19000
0.11X=3990-3440
X=550/0.11=5000
So investments are $5000 on private company, (19000-5000)/2=7000 on low risk, and 7000 on high-risk.