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.
Answer:
A. If money is worth 10% compounded annually, $1,100 due one year from today is equivalent to $1,000 today
Explanation:
this point is easily calculated, the key is to see the word compounded anually, so here is asked to calculate a present value:
so PV =1.000
the others oprions are not true because of:
B. accumulating interest is not discounting, because accumulating refers to receive/pay interest in the future, discounting is the process in which interest is paid today
C. this is also not true, and it not make sense at all a discount rate doesn´t implies a higher present value, it is because it uses the contrary formulas of accumulating.
D. this is not true is the opposite, it means that closer to due date the present value increases beacause it gets closer to what you have to pay.
Answer:
Explanation:
The journal entries are shown below:
a)
Investment in bonds Dr A/c$120000
Interest receivable Dr A/c$ 1000
To Cash A/c $121000
(purchased of 5% bonds with accrued interest of $1000 on the bonds for cash is recorded)
b)
Cash Dr. A/c $3000 ($120,000 × 5% × 6 months ÷ 12 months)
To Interest receivable A/c $1000
To Interest Revenue A/c $2000
(Being the first semiannual interest payment is received)
c) Cash Dr A/c $61100 ($60,000 × 101 + $500)
To Investment in bonds $60000
To Interest Revenue $ 500
To Gain in sale of investment $600
( Being the sale of bond with accrued interest of $500 is recorded and the remaining amount will be credited to the gain in sale of investment)
The Illinois Court System's Organization the Illinois Constitution of 1970's Article VI, the Judicial Article, establishes a unified, three-tiered judiciary consisting of the Circuit Court, Appellate Court, and Supreme Court.
The High Court
The highest court in the State of Illinois is the Supreme Court. The Supreme Court typically receives cases from the Appellate Court, but when a Circuit Court has sentenced someone to death, the law permits a direct appeal to the Supreme Court, skipping the Appellate Court. In other circumstances, the Supreme Court may enact rules allowing direct appeals Judicial Article.
Legislative redistricting and evaluating the Governor's eligibility to hold office are subjects of original and exclusive jurisdiction of the Supreme Court. Additionally, the Supreme Court has discretionary original jurisdiction over writs of mandamus, prohibition, and habeas corpus as well as issues involving State income.
The First Appellate Judicial District (Cook County) is represented by 3 Justices on the Illinois State Supreme Court, while the following 4 Appellate Judicial Districts are each represented by 1 Justice. For a case to be decided, four votes must be cast in favor.
Learn more about Illinois Court hear :
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Answer:
a) since the cost of ending inventory is higher than the replacement value, then ending inventory must decrease, which will result in higher COGS. The adjusting journal entry is:
March 31, 2017, inventory adjustment
Dr Cost of goods sold 2,000
Cr Merchandise inventory 2,000
b) revised income statement
NUTRITIONAL FOODS
Income Statement (Partial)
Year Ended March 31, 2017
Sales Revenue ........ $117,000
Cost of Goods Sold ..... $47,000
Gross Profit ........ $70,000