Answer:
The probability that a randomly selected member of the labor force is African American given that he or she is unemployed is 0.2308.
Explanation:
The events are denoted as:
<em>A</em> = a member of a labor force is African American
<em>B</em> = a member of a labor force is unemployed
The information provided is:
The Bayes' theorem states that the conditional probability of an event <em>E</em> given that another event <em>X</em> has already occurred is:
Use the Bayes' theorem to compute the value of P (A|B) as follows:
Thus, the probability that a randomly selected member of the labor force is African American given that he or she is unemployed is 0.2308.
Answer:The real Gdp
Explanation:
Short run aggregate supply curve is upward sloping and it shows the relationship between the price level and output. it is upward sloping because the quantity supplied increases when the price rises. Real GDP or otherwise known as changes in aggregate demand and aggregate supply is assumed to remain unchanged because they are not caused by changes in the price level. Economic growth are one of the things that can cause change in real Gdp. Things that cause changes along a given short run supply curve can include the following: wages, increase in physical capital or advancement in technology.
Answer:
Actual Cost of Supplier A: $291.60
Actual Cost of Supplier B: $271.60
Explanation:
<u>Supplier A:</u>
Cost - 270
Shipping FOB shipping point
Purchase Discount = Invoice Price * Discount
For Supplier A, the invoice price is 270 and discount is 2/10 = 2%, so:
Purchase Discount = 270 * 0.02 = $5.4
Cost is:
270 + 27(shipping FOB point) - 5.4 = $291.60
<u>Supplier B:</u>
Cost - 280
Shipping Destination (so 0)
Purchase Discount = Invoice Price * Discount
For Supplier B, the invoice price is 280 and discount is 3%, so:
Purchase Discount = 280 * 0.03 = $8.4
Cost is:
280 - 8.4 = $271.60
Answer:
C. Raw material inventory Dr, $ 72,000
To Direct material cost variance $27,600
To Accounts payable $44,400
Explanation:
The Journal entry is shown below:-
The variation in material costs would be favorable in a given situation. Since standard costs higher than real costs. And the journal submission would be for a desirable variance:
Raw material inventory Dr, $72,000
(12,000 × $6)
To Direct material cost variance $27,600
To Accounts payable $44,400
(Being Raw material inventory is recorded)
Answer:
People also ask
What type of soil has equal parts of sand silt and clay?
What soil horizon contains mostly clay silt and sand?
E Horizon - This eluviation (leaching) layer is light in color; this layer is beneath the A Horizon and above the B Horizon. It is made up mostly of sand and silt, having lost most of its minerals and clay as water drips through the soil (in the process of eluviation).
