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QveST [7]
2 years ago
9

A raffle has a grand prize of a European cruise valued at $15000 with a second prize of a weekend in San Diego valued at $1500.

If each ticket costs $4 and 12000 tickets are sold, what are the expected winnings for a ticket buyer
Business
1 answer:
morpeh [17]2 years ago
7 0

Answer:

Explanation:

Grand prize = $15,000

Second prize = $1,500

Number of tickets sold = 12,000

The probability of getting the grand prize ($15,000) is 1/12,000

The probability of getting the second prize ($1,500) is 1/12,000

Each ticket costs $4

Expected value is -4 + 1/12,000 X 15,000 + 1/12,000 X 1,500

= -1.5.

The expected winnings for a ticket buyer is therefore -$1.5

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Roland Enterprises, an American company, has a manufacturing facility in France in order to serve customers throughout Europe. R
Aleks04 [339]

Answer:

regional manufacturing strategy

Explanation:

Regional manufacturing strategy -

It refers to the strategy  adopted by the firm or organisation that set up one of the company's unit in some other country , is referred to as regional manufacturing strategy .

In this strategy the people of the country are given importance and the tries to expand the business by looking after the likes and dislike of the people.

Similarly in the question ,

The American company set up their manufacturing unit in France ,

and

Hence tries to consider the likes and dislike of the people of France , there by using the regional manufacturing strategy .

8 0
3 years ago
Starbucks sometimes offers a promotion known as the "treat receipt." Patrons purchase a drink of their choice in the morning and
bagirrra123 [75]

Answer:

The correct answer is C) increasing a product's use by existing customers.

Explanation:

Starbucks is a world-renowned company, and what it seeks precisely with this campaign is not precisely to create new clients. This company tries to retain its existing customers with a highly effective loyalty campaign, however, this practice may also achieve an effect not directly related to its mission: to attract new customers.

7 0
2 years ago
The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2019, the end of t
solong [7]

Answer:

The Gorman Group

1. The Gorman Group

Income Statement

For the Year Ended October 31, 2019

Service Fees                                                     $421,010

Rent Revenue                                                        4,450

Total Revenue                                                $425,460

Salaries Expense                           $301,820

Depreciation Expense—Equipment 16,400

Rent Expense                                    13,700

Supplies Expense                               9,710

Utilities Expense                                8,780

Depreciation Expense—Buildings    5,850

Repairs Expense                               4,840

Insurance Expense                          2,650

Miscellaneous Expense                   4,520  $368,270

Net Income                                                      $57,190

The Gorman Group

Statement of Owner's Equity

For the Year Ended October 31, 2019

Nicole Gorman, Capital                   $378,780

Net Income                                           57,190

Nicole Gorman, Drawing                   (22,200)

Owner's Equity, October 31, 2019  $413,770

2. Closing Journal Entries at October 31, 2019:

Debit Income Summary $368,270

Credit:

Salaries Expense                           $301,820

Depreciation Expense—Equipment 16,400

Rent Expense                                    13,700

Supplies Expense                               9,710

Utilities Expense                                8,780

Depreciation Expense—Buildings    5,850

Repairs Expense                               4,840

Insurance Expense                          2,650

Miscellaneous Expense                   4,520

To close the expenses accounts to the income summary.

Debit:

Service Fees   $421,010

Rent Revenue    4,450

Credit Income Summary $425,460

To close the revenue accounts to the income summary.

3. The amount of net income would have been $137,200.

Explanation:

a) Data and Calculations:

The Gorman Group

End-of-Period Spreadsheet

For the Year Ended October 31, 2019

Adjusted Trial Balance

Account Title                                           Dr.               Cr.

Cash                                                    $13,880

Accounts Receivable                           30,210

Supplies                                                 4,720

Prepaid Insurance                               10,200

Land                                                    89,000

Buildings                                           319,000

Accumulated Depreciation-Buildings             $103,900

Equipment                                       230,000

Accumulated Depreciation-Equipment            135,300

Accounts Payable                                               29,520

Salaries Payable                                                    2,930

Unearned Rent                                                       1,330

Nicole Gorman, Capital                                     378,780

Nicole Gorman, Drawing                  22,200

Service Fees                                                      421,010

Rent Revenue                                                      4,450

Salaries Expense                             301,820

Depreciation Expense—Equipment 16,400

Rent Expense                                    13,700

Supplies Expense                               9,710

Utilities Expense                                8,780

Depreciation Expense—Buildings    5,850

Repairs Expense                               4,840

Insurance Expense                          2,650

Miscellaneous Expense                   4,520

Totals                                          1,077,220 1,077,220

Amount of Nicole Gorman's Capital increased by $115,000:

Net income would have been $137,200 instead of $57,190.

Closing Nicole Gorman, Capital = $515,980

Less Drawings               22,200

        Beginning capital 378,780    400,980

Increase in capital =                       $115,000

4 0
2 years ago
Independent surveys suggest that companies cannot easily quantify the effects of diversity. How would you suggest that Alliant m
nata0808 [166]

How would you suggest that Alliant measure the effects of a diverse workforce?

Different background and more diversity can contribute for new strategies and innovation for the company. The effects of diversity can be directly quantified after hiring more diverse people into a determined sector and by comparing the profits before and after hiring. In other words, the UX of a product made by a company mostly with individuals from a social group A cannot easily design a product which a group B can identify themselves.

For example, the design of a woman intimate personal care products made exclusively by man might originate products which aren't that good as designed products made by a diverse group man and woman.

If a company ignored workforce diversity, how might it be affected?

The company can stuck into a non-creative solution and/or stays in sector without innovation. A company without innovation might be fragile to the competition companies.

6 0
3 years ago
Read 2 more answers
If you deposited $1,000 in a savings account that paid an annual percentage rate of 1 percent and that compounds quarterly, how
WARRIOR [948]

We will have an amount of $1,010.04 at the end of a year if you did not take out any funds.

<h3>What formula will be used to calculate the balance?</h3>

The future value formula will be used to calculate the total balance after a year.

Given that: A = $1,000, i = 1%, n = 1,  m = 4

Future value = $1,000 * (1 + 1%/4)^(1*4)

Future value = $1,000 * (1 + 0.0025)^4

Future value = $1,000 * 1.0025^4

Future value = $1,000 * 1.01003756254

Future value = $1,010.03756

Future value = $1,010.04

Therefore, we will have an amount of $1,010.04 at the end of a year if you did not take out any funds.

Read more about future value

<em>brainly.com/question/24703884</em>

#SPJ1

6 0
2 years ago
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