Answer:
The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364
Explanation:
X = number of passengers show up
X follow binomial distribution with n = 180 ,
p = 1 - 0.05
= 0.95
P(X = 178) = binom.dist(178,180,0.95,0)
= 0.004364
Therefore, The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364
Answer:
Option (B) decreases by 5 percent
Explanation:
When the nominal wage rate is $10 and the CPI is 200
The real wage rate
= [Nominal wage rate ÷ CPI in 2017 ] × 100
= [ $10 ÷ 210 ] × 100
= $4.76
Now,
The change in the real wage rate between 2016 and 2017
= [ ( 4.76 - $5.00 ) ÷ $5.00 ] × 100
= - 0.048 ≈ -0.05 or - 5 percent
here, negative sign means decrease
Hence,
Option (B) decreases by 5 percent
Answer:
The markup calculated as a result of information about the elasticity of demand
Explanation:
As a monopoly seller of pharmaceutical products the price set as markup would be above our marginal cost.
There are three facts about markup:
1. The Markup is not to be a price below marginal cost of the pharmaceutical product.
2. Markup is smaller when demand is more elastic. Remember if the price elasticity of demand is lower than 1, (negative) a rise in price causes an
increase in revenue for the seller.
Therefore having a -4 elasticity of demand could imply more profits for the firm.
Answer:
Cash 291000 Dr
Factoring fees expense 9000 Dr
Accounts Receivables 300000 Cr
Explanation:
The factoring charge or fess is an expense for Laurel Company for the service provided by Hardy factors. So, whenever factoring is done, the ffactoring fees expense account will be debited as expense will increase. Th cash received is 300000 * 0.97 = 291000
The factoring fees is 300000*0.03 = 9000
As a result all of the accounts receivables will be credited from the books.
