Do you think the United states should trade with countries

You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery

Eduardwww [97]

Answer: The expected loss is $2.3

Explanation:

Total number of tickets to be sold = 100 tickets

one $450 prize, the expected gain = 450 x (1/100) = $4.5

two $110 prizes, the expected gain = 110 x (2/100) = $2.2

four $25 prizes. the expected gain = 25 x (4/100) = $1

Expected gain (loss) = Total expected gain - Cost of the ticket

= (4.5 + 2.2 + 1 ) - 10

= (2.3)

The expected loss is $2.3

5 0

3 years ago

Read 2 more answers

Xinghong company is considering replacing one pf its manufacturing machines. The machine has a book value of $44000 and a remain

Artist 52 [7]

Answer:

1. Decrease in Net Income of -$8,500

2. Increase in Net Income of $50,500

3. Replace the old machine with Alternative B

Explanation:

1.

Alternative A

Cost to Buy New Machine -$117,000

Cash received to trade in old machine $54,000

Reduction in Variable Manufacturing Costs (($33,600*5 years ) - (22,700*5 years )) $54,500

Total change in Net Income -$8,500

2.

Alternative B

Cost to Buy New Machine -$118,000

Cash received to trade in old machine $54,000

Reduction in Variable Manufacturing Costs (($33,600*5years ) - (10,700*5 years )) $114,500

Total change in Net Income $50,500

<em>3. Replacing the old machine with alternative B will result in an increased income of $50,500 so it is a good option. </em>

5 0

3 years ago

Suppose Ford Motor Company issues bonds with a face value of $5 comma 000 and an annual coupon payment of $200. What is the in

ankoles [38]

Answer:

Interest rate = 4%

Explanation:

Given:

Face value of bond = $5,000

Annual coupon payment = $200

Interest rate = ?

Computation of interest rate on bond:

Interest rate = (Annual coupon payment / Face value of bond ) × 100

Interest rate = ($200 / $5,000) × 100

Interest rate = (0.04) × 100

Interest rate = 4%

Therefore, annual interest rate on bond is 4%

4 0

3 years ago

Equivalent-unit calculations are necessary to allocate manufacturing costs between: Multiple Choice cost of goods manufactured a

HACTEHA [7]

Answer:

units completed and ending work in process.

Explanation:

Process costing can be defined as a cost accounting method used for assigning manufacturing or production costs to the units of goods produced by a business firm over a specific period of time. It is mostly used by firms that produce a large quantity of homogeneous or similar products on a continuous basis. Process costing typically uses more than one Work in Process Inventory account because costing at each stage of production or manufacturing process.

Basically, when manufacturing overhead costs of a business firm or company are applied to the cost of production in a process costing system, they are debited to the Work-in-Process inventory account.

In the manufacturing process, partially or partly completed goods that are still in the process of being converted into a finish product are defined as work-in-process inventories.

Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.

The equivalent-unit calculations is done by multiplying the number of partially completed physical goods by the percentage of completion.

Hence, equivalent-unit calculations are necessary to allocate manufacturing costs between units completed and ending work in process.

3 0

2 years ago

Why might recycling materials lead to spending less money on reclamation?

torisob [31]

Recycling materials lead to spending less money on reclamation because re-cycled materials are usually much more cheaper than raw materials.

4 0

3 years ago