1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rudik [331]
3 years ago
10

you are invited to play the following game: an urn holds two white and three black balls, and you draw three balls randomly. If

you draw no white balls, you lose $10; if you draw one white ball, you lose nothing; and if you draw both white balls, you gain $10. Should you play this game? You must present an argument for possible f
Business
1 answer:
NemiM [27]3 years ago
5 0

Answer:

That is why i did not play this game.

Explanation:

Lets i have initially $100 .

There are  2 white and 3 black balls.

I have to draw 3 balls

If i draw no white balls, i lose $10; if i draw one white ball, i lose nothing; and if i draw both white balls, you gain $10.

So the final fortune =x

x = 100 x 1/2 x 1/2 x 3/2 x 3/2

x= $56.25

That is why i did not play this game.

You might be interested in
Which of the following characteristics distinguish a multinational corporation? a. Top management is expected to take a global p
Lemur [1.5K]

Answer: The correct answer is "d. All of these".

Explanation: All are characteristics of a multinational corporation. Since a multinational company is one that is not only established in its country of origin, but also established in other countries to carry out its commercial activities both for sale and purchase and production in the countries where they have been established.

a. Top management is expected to take a global perspective. - With a global perspective we mean that the top management must develop its strategies taking into account socioeconomic factors not only of the country where they belong but of the world, since in a multinational company it could affect externalities that occur in any part of the world.

b.The corporation is controlled by a single management authority. - Despite being a multinational company, there must be only one administrative authority that allows a clearer vision of the future of the company and establishes the objectives of long, medium and short term.

C. It is managed as an integrated worldwide business system. - Being a company located in many countries to be managed in an efficient way that maximizes benefits should be managed as an integrated worldwide business system that allows obtaining relevant data for decision making.

5 0
3 years ago
The Hoover Dam backs up the Colorado River and creates Lake Mead, which is approximately 115 miles long and has a surface area o
kvv77 [185]

Answer:

0.403ft/day

Explanation:

Area = 250 miles = 250 × 5280^2= 6.9696e9 ft

Rise per sec = (Flow in - Flow out)/Area of lake = (40,000 - 7,500)/(6.9696e9) = 4.663e-6ft/s

Therefore in 24 hours = 4.663e-6 × 3600 × 24 = 0.403ft/day

4 0
3 years ago
Firestone Tires recently paid an annual dividend of $2.00 on its common stock. This dividend increases at an average rate of 3.8
Darina [25.2K]

Answer:

Market rate of return = 12.45%

Explanation:

Below is the calculation of market rate of return.

D = Just pad dividend x (1 + growth rate)

D = 2 x (1 + 0.038)

D = 2.076

Now use the below formula to find the market rate of return.

Market rate of return = (D/current selling price) + Growth rate

Market rate of return = (2.076 / 24) + 0.038

Market rate of return = 12.45%

4 0
3 years ago
Claxton Company purchased a van on January​ 1, 2018, for​ $820,000. The estimated life of the van was five​ years, and its estim
vaieri [72.5K]

Answer:

The depreciation expense for 2020 is $215,100

Explanation:

Given

Claxton Company purchased a van on January​ 1, 2018, for​ $820,000.

Useful life = 5 years

Residual value = $103,000

Annual depreciation = ($820,000- $103,000)/5

                                 = $717,000/5

                                = $143,400

At the beginning of​ 2020, the asset would have been depreciated for 2 years (2018 and 2019)

Net book value = $820,000 - 2($143,400)

                          = $533,200

Since the residual value remains the same after a revision of the estimated useful life from 5 years to 4 years

The asset would only have 2 years left for depreciation.

Annual depreciation = ($533,200 - $103,000)/2

                                  = $430,200/2

                                  = $215,100

         

5 0
3 years ago
Ralph gives his daughter, angela, stock (basis of $8,000; fair market value of $6,000). no gift tax results. if angela subsequen
Andreas93 [3]

Answer:

D) $2,000

Explanation:

Angela's basis on the stocks will be the same as her father's. Since she sold the stocks, her basis will be $8,000, so her recognized gains will = selling price - basis = $10,000 - $8,000 = $2,000

The IRS allows the donee (Angela) to use the doners (Ralph) basis when selling an asset received as a gift in order to determine the realized gain/loss.

6 0
3 years ago
Read 2 more answers
Other questions:
  • The _________ angles focus on the motorist's surroundings to the rear with the ultimate objective of limiting the size of blind
    13·1 answer
  • For a communication to be classified as advertising, which of the following essential criteria must be met?
    6·1 answer
  • In a sponsorship proposal, where is it appropriate for organizations to discuss their accomplishments?
    10·1 answer
  • Suppose the market price of corn is​ $5 a bushel but the government sets a price of​ $7. As a​ result_______________--
    11·1 answer
  • The balance of an account is determined by
    10·1 answer
  • In an advertisement for Dow bathroom cleaner, animated, talking scrubbing bubbles are used to show how hard the bubbles work to
    7·1 answer
  • Joshua, Rachel, and Daniel formed an LLC to manage their accounting business. Joshua contributed $20,000 to the LLC. Rachel and
    6·1 answer
  • Webster's Words has a printing press which they are not using at the present time. In fact, they have not used this equipment fo
    14·1 answer
  • .
    13·1 answer
  • A __________ provides a summary of cash coming into and money going out of a firm from operations activities, financing activiti
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!