Quick question please help

Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges were $12,500. What was th

Gala2k [10]

Answer:

times-interest-earned ratio will be 3

So option (a) will be correct answer

Explanation:

We have given total sales = $400000

Operating expenses = $362500

And interest charges = $12500

So earning before interest and taxes = sales - operating cost = $400000 - $362500 = $37500

We have to find the times-interest-earned ratio

So times-interest-earned ratio is given by

times-interest-earned ratio = $\frac{earning\ before\ interest\ and\ taxes}{interest\ expense}=\frac{37500}{12500}=3$

So option (A) will be correct option

7 0

4 years ago

In a price system, A. relative prices change infrequently due to transaction costs. B. relative prices change constantly to ref

faust18 [17]

Answer:

B, relative prices change constantly to reflect changes in supply and demand.

Explanation:

Prices of goods and services in any market change regularly or constantly. This usually shows the changes in demand and supply of the goods or service.

When the demand for a good is high, prices change and there is an increase. When the demand for a good is low, prices also change and become low as there are not as much people willing to buy the good.

For supply, when the supply of a good or service is high, the price of the good or service is reduced as there is abundant supply of the good. But when the supply of the good is not as much the prices of the good changes as there is an increase.

I hope this helps.

6 0

3 years ago

In the workplace, racial discrimination is a very serious issue. Consider a company in which 20% of the employees are African-Am

Tema [17]

Answer:

a) It is expected that 8 African-Americans get promotions.

b) There is a 8.6% probability that 5 African-Americans get promotions.

c) There is a 16.2% probability that at five or less African-Americans get promotions.

d) The company may be accused of racial discrimination because the ammount of promotions given to African-Americans is much less than expected if there were no discrimination. The expected value, if there is no discrimination, of having more than 5 promotions for African American employees is 84%.

Explanation:

The question is incomplete.

Complete question:

In the workplace, racial discrimination is a very serious issue. Consider a company in which 20% of the employees are African-American. At the end of the year, promotions are awarded to a group of employees. Out of the 40 promotions awarded, five are African-American. Given that the awarding follows the binomial distribution, B(40,.2).

a) How many African-Americans would you expect to get promotions?

b) What is the probability that five African-Americans receive promotions?

c) What is the probability that five or fewer African-Americans receive promotions?

d) Do you think the company is suspect of racial discrimination? Explain your thinking.

a) As this situation can be modeled by a binomial distribution B(40,0.2), the expected number of African-Americans that get promotions can be calculated as the expected value of the binomial distribution:

$X\sim B(40,0.2)\\\\E(X)=np=40*0.2=8$

It is expected that 8 African-Americans get promotions.

b) Accordingly to the binomial distribution, we have:

$P(X=5)=\frac{40!}{5!35!}*(0.2)^5*(0.8)^{35}=658008*0.00032*0.0004= 0.086$

There is a 8.6% probability that 5 African-Americans get promotions.

c) We have to calculate the probabilities for X=0,1,2,3,4 and 5.

$P(X\leq5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)\\\\\\P(X=0)=\frac{40!}{0!40!}*0.2^0*0.8^{40}=1*1*0.00013=0\\\\P(X=1)=\frac{40!}{1!39!}*0.2^1*0.8^{39}=40*0.2*0.00017=0.001\\\\P(X=2)=\frac{40!}{2!38!}*0.2^2*0.8^{38}=780*0.04*0.00021=0.007\\\\P(X=3)=\frac{40!}{3!37!}*0.2^3*0.8^{37}=9880*0.008*0.00026=0.021\\\\P(X=4)=\frac{40!}{4!36!}*0.2^4*0.8^{36}=91390*0.0016*0.00032=0.047\\\\P(X=5)=\frac{40!}{5!35!}*0.2^5*0.8^{35}=658008*0.00032*0.00041=0.086$

$P(X\leq5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)\\\\P(X\leq5)=0+0.001+0.007+0.021+0.047+0.086=0.162$

There is a 16.2% probability that at five or less African-Americans get promotions.

d) The company may be accused of racial discrimination because the ammount of promotions given to African-Americans is much less than expected if there were no discrimination. The expected value, if there is no discrimination, of having more than 5 promotions for African American employees is 84%.

3 0

4 years ago

Aisha is an employee at Bento Food Mart. Aisha is called for jury duty and as a result cannot work her scheduled shift. Bento fi

makkiz [27]

Option a, With respect to the employment-at-will doctrine, this is an example of the doctrine .

Explanation:

Under labor law reintegration applies to the reinstatement of the employee into a position he has quit without losing seniority or other benefits. Typically required, along with the severance pay, under unfair situations, by an organization such as the National Labor Relations Board or the judiciary

Reinstatement is open for those who have served a government job or work position in the past. The reinstallation privilege does not; however ensure an offer to work.

A legal doctrine is a history, a set of rules, practices, or measures which are often laid down in common law by precedent, by which rulings in a particular legal case can be made.

4 0

3 years ago

In the Solow growth model, if investment is less than depreciation, the capital stock will ______ and output will ______ until t

Neko [114]

Answer:

decrease; decrease

Explanation:

In the Solow growth model, if investment is less than depreciation, the capital stock will decrease and output will decrease until the steady state is attained.

If Investment is less than depreciation, thereby resulting in capital stock shrinking and output decreasing.

The golden rule of capital stock is defined as higher consumption per worker at a steady rate.

7 0

3 years ago