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slavikrds [6]
3 years ago
10

Gravity Hospital purchased a new item of equipment on January 1,20X1. The equipment has an estimated useful life of ten years an

d an expected salvage value of 20 percent. Gravity Hospital’s December 31, 20X5, balance sheet reports $10,000 of accumulated depreciation on this equipment. What was the cost of the equipment when it was acquired on January 1, 20X1?
Mathematics
1 answer:
qaws [65]3 years ago
8 0

Answer:

  $25000

Step-by-step explanation:

If the salvage value is 20% of the cost, then 80% of the cost will be depreciated over 10 years. Over the 5 years from Jan 1 20X1 to Dec 31 20X5, the $10,000 accumulated depreciation represents 5/10 of that 80%, or 40% of the initial cost.

  $10,000 = 0.40 × cost

  $10,000/0.40 = cost = $25,000

The acquisition cost of the equipment was $25,000.

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A marble is randomly selected from a bag. The probability of selecting a marble with dots on it is 0.2. The probability of selec
marin [14]

Answer:

0.5

Step-by-step explanation:

Let D be the event of selecting a marble with dots.

Let P be the event of selecting a purple marble.

The probability of selecting a marble with dots, P(D)=0.2

The probability of selecting a marble that is both purple and has dots, P(D \cap P)=0.1

We want to determine the probability of selecting a purple marble given that the marble has dots on it, P(P|D)

By the definition of conditional probability:

P(P|D)= \dfrac{P(P \cap D)}{P(D)} \\= \dfrac{0.1}{0.2}\\ =0.5

The probability of selecting a purple marble given that the marble has dots on it is 0.5.

4 0
3 years ago
Consignment Sale. Just Between Friends is the leading pop-up consignment sales event franchise in North America. The Des Moines
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Answer:

Just Between Friends

The percentage of consignors who receive a check for more than $370 is:

= 16%.

Step-by-step explanation:

Mean of consignor check, μ = $480

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Solution: find the z-score to determine the percentage of consignors who receive a check for more than $370:

z = (x-μ)/σ

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7 0
2 years ago
A cement walk 3 ft wide is placed around the outside of a rectangular garden plot that is 20ft by 30ft. Find the cost of the wal
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Let us calculate the area of the walk.

Since the width of the walk is 3 feet, and the walk will be placed all the 4 sides,

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Area of the plot including walk = 26 × 36 square feet.

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= 37.3 square yards

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