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almond37 [142]
3 years ago
11

Hoping to increase the chances of reaching a performance goal, the director of a research project has assigned three separate re

search teams the same task. the director estimates that the team probabilities are .9, .8, and .7 for successfully completing the task in the allotted time. assuming that the teams work independently, what is the probability that the task will not be completed in time?
Business
1 answer:
Vlad [161]3 years ago
7 0

Here, the probabilities for success for the three teams are 0.9, 0.8 and 0.7, so the probability of failure for the three teams will be 0.1, 0.2 and 0.3.

We need to find the probability that all the teams fail, which can be calculated as: 0.1 * 0.2 * 0.3 = 0.0060 or 0.60%.

I hope my solution solves your query.

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Answer:

b. No journal entry is required

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By considering the above information, we concluded that

As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.

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What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the i
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Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cash flow= $2,250

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i= 5%

Additional investment= $3,000

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,250*[(1.05^4) - 1]} / 0.05

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3 0
3 years ago
A _____ orientation explicitly invokes the concept of value such as when a firm uses a no-haggle pricing structure to make the p
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Answer:

Customer orientation

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Customer orientation is described as a strategy to revenues and customer relationships in which employees focus on developing customers encounter their brief-term needs and desires. Here, management and staff align their physical and technical goals with customer satisfaction and retention.

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5 0
2 years ago
On December 31, 2017, Ivanhoe Company had $1,313,000 of short-term debt in the form of notes payable due February 2, 2018. On Ja
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Answer:

They should be reported in 2 different parts, first under current liabilities as:

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