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Leviafan [203]
3 years ago
13

Act a bin contains 100 style a notebooks, 100 style b notebooks, and 100 style c notebooks. antoine will select 3 notebooks from

the bin. how many different selections of 3 notebook styles are possible?
Business
1 answer:
tiny-mole [99]3 years ago
3 0

There are 10 different selections of 3 notebook styles are possible.

We can answer the question with the combinations formula.

First we determine that Antonie has to select 3 notebooks from 3 different styles (a,b,c).

We generally denote Combinations with nCk.

However, when we need to select 'k' number of item from 'n' styles, the formula changes to:

(n+k-1)C(k-1)

Substituting the values from the question in the equation we have,

(3+3-1)C(3-1), which gives us

5C2

Now, we use the combinations formula to arrive at the final answer.

nCr = \frac{n!}{r!(n-r)!}

Substituting the values from above in the equation we have,

5C2 = \frac{5!}{2!(5-2)!}

5C2 = 10

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Year ended December 31       Inventory at End-of-year Prices   Price Index

2019                                                  $ 654000                                  1.00

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2021                                                    1345250                                   1.10

The explanation of the answer is now given as follows:

Change in inventory in 2020 =  Inventory at End-of-year Prices in 2020 -  Inventory at End-of-year Prices in 2019 = $1,261,000 - $654,000 = $607,000

Change in inventory in 2021 =  Inventory at End-of-year Prices in 2021 -  Inventory at End-of-year Prices in 2020 = $1,345,250 - $1,261,000 = $84,250

2021 inventory balance using dollar-value LIFO = (Inventory at End-of-year Prices in 2019 * Price Index in 2019) + (Change in inventory in 2020 * Price Index in 2020) + (Change in inventory in 2021 * Price Index in 2021) = ($654000 * 1.00) + ($607,000 * 1.05) + ($84,250 * 1.10) = $1,384,025

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