Answer:
The probability that at least one student majors in accounting=0.3×0.3×0.3=0.027
Explanation:
<em>Step 1: Determine the number of accounting majors in a business</em>
N=P×S
where;
N=number of accounting majors
P=probability of accounting majors
S=sample size
This can also be written as;
Number of accounting majors=probability of accounting majors×sample size
In our case;
Number of accounting majors=unknown, to be determined
Probability of accounting majors=30%=30/100=0.3
Sample size=3 business majors
Substituting;
Number of accounting majors=0.3×3=0.9
<em>Step 2: Determine the chance that at least one student majors in accounting</em>
The probability that at least one student majors in accounting=0.3×0.3×0.3=0.027
Answer:
$1,440
Explanation:
Judy is not a dependent relative of Kaelyn, therefore the expenditures are qualified up to $6,000 (for two qualifying persons).
Thus the applicable percentage is 24%.
($6,000×24%)
=$1,440 allowable credit
Therefore the amount of Kaelyn's child and dependent care credit if her AGI for the year was $36,600 will be $1,440
Answer: A. output, investment, and depreciation will decrease and consumption will increase and then decrease but finally approach a level above its initial state.
Explanation: from the above question, an economy that is in a steady-state with no population growth or technological change and the capital stock is above the Golden Rule level and the saving rate falls then output, investment, and depreciation will decrease and consumption will increase and then decrease but finally approach a level above its initial state.
Answer:
Direct labor rate variance= $1,666 favorable
Explanation:
Giving the following information:
The company produced 5,200 units in January using 2,380 direct labor-hours.
The actual direct labor rate was $19.30 per hour
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
<u></u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (20 - 19.3)*2,380
Direct labor rate variance= $1,666 favorable
