A ratio which estimates the risk associated with investing in a business firm is called: solvency ratio.
Solvency ratio can be defined as a key metric that is typically used to measure the ability of a business firm to meet its long-term debt obligations.
Basically, a solvency ratio measures the financial position of a business firm and the extent to which its assets cover long-term debt obligations (commitments), especially for future payments and the liabilities.
In conclusion, a ratio which estimates the risk associated with investing in a business firm is called solvency ratio.
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Based on the information given, the additional information that is needed to determine the amount of his earnings will be the number of hours at each job.
From the information given, we are told that George earns $6. 25 per hour from one part-time job and $7. 50 per hour from the other part-time job and that he works a total of 40 hours between the two jobs each week.
Therefore, the additional information required will be the number of hours at each job. This will be vital in solving the question
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Answer:
0.295
Explanation:
Given that:
Total number of modems = 19
Number of defective modem = 3
Non-defective modems = 19 - 3 = 16
Probability of that all selected modems are not defective :
Required outcome / Total possible outcomes
[(16C6) * (3C0)] ÷ 19C6
(8008 * 1) ÷ 27132
8008 / 27132
= 0.2951
Hence,
Probability of accepting the shipment is 0.295
Hopefully I will have own my own business in a world that I have in fact changed for the better. I will work hard not only on myself but my community and environment as well.