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the preferred debt to income ratio is usually B 36%
Expected value of the purchase of a ticket would be $3.00.
<u>Explanation</u>:
Given,
Raffle ticket costs = $5.00.
The prize = $200.
One hundred tickets are sold = 100 × 5
= $500.00
champ is drawn and given the prize of worth $200.
$500 - $200 = $300
So the normal estimation of the bought ticket = $3.00
The expected estimation of the acquisition of a ticket would be $3.00.
Answer:
By formation of legally binding contract.
Explanation:
Contacts are a good way for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. Because of the high quality expected in the goods procured, having a legally enforceable contact will make the vendor provide high quality products that meets required specifications.
However when contracts dictate a particular price, so if the market price of input were to go down we will still be obligated to buy at the higher price from the vendor.
