Answer:
a. The probability that any one customers service costs will exceed the contract price of $200 is 0.0228
b. Warda expected profit per service contract is $50
Explanation:
a. In order to calculate the probability that any one customers service costs will exceed the contract price of $200 we would have to calculate first the z value as follows:
z=x-μ/σ
z=$200-$150/$25
z=2
Therefore, probability that any one customers service costs will exceed the contract price of $200 is p(x>$200)=p(z>2)
=1-p(z≤2)
=1-0.9772
=0.0228
The probability that any one customers service costs will exceed the contract price of $200 is 0.0228
b. To calculate Warda expected profit per service contract we would have to make the following calculation:
Warda expected profit per service contract=service charge per contract-expected cost
Warda expected profit per service contract=$200-$150
Warda expected profit per service contract=$50
Warda expected profit per service contract is $50
Option 'C' is correct
<u>Explanation:</u>
Present value of an ordinary annuity of $1
The present value of an annuity is the current value of future payments from an annuity, given a specified rate of return or discount rate.
The future estimation of cash is determined by utilizing a rebate rate. The markdown rate alludes to a financing cost or an accepted pace of profit for different speculations. The littlest markdown rate utilized in these figurings is the hazard free pace of return. U.S. Treasury bonds are commonly viewed as the nearest thing to a hazard-free venture, so their arrival is regularly utilized for this reason.
Answer:
The advertising career that interest me the most is marketing
Explanation:
Answer:
balance after reconciliation 13,684 dollars
Explanation:
Bank Statement balance: 10,740
deposit in transit: 5,300
outstanding checks (2,356)
Adjusted balance 13,684
Cash Account: 11,697
EFT collected 2,820
missing check (443)
bank charge (90)
NSF (300)
Adjusted balance: 13,684
We adjust the bank statemnt for the deposit in transit and outstading check as the bank is unware of these.
The cash blaance account is adjsuted for the collection and fees ofthe bank. a mistake we could made (like missing a check) and the NSF as the company assume it was collected when it wasn't, so the company has less cash.
Answer:
Market value of a corporation is its value according to the stock market. Book value on the other hand is the difference between assets and liabilities of a corporation.
Explanation:
The market value of a corporation is the value attributed to it by the financial market. It is calculated by multiplying the price of each share by the number of outstanding shares.
The book value is the value of the corporation if the assets are liquidated and liabilities are paid off. It is calculated by finding the difference between assets and liabilities.
If the market value of a corporation is greater than its book value it means the market does not believe that the company is worth what it has mentioned in its book value.
If the market value is higher than the book value, it indicates that the market has confidence in the corporation's ability to generate earnings in the future.
