Answer: The probabilities of winning a contract are
Let the Probability of C winning the contract - P(C) be 'X'
Then,
Probability of B winning the contract - P(B) will be '7X' and
Probability of A winning the contract - P(A) will be 
Since the total of all the probabilities is 1,
So,
Answer: $40
Explanation:
Selling price can be calculated through the contribution margin equation;
Contribution margin = (Selling Price - Variable cost) / Selling Price
Contribution margin = Fixed costs/break-even point
= 660,000/1,100,000
= 60%
60% = (Selling Price - 16) / Selling Price
Selling price * 60% = Selling price - 16
16 = Selling price - (0.6 * selling price)
16 = Selling price * 40%
16/40% = Selling price
Selling price = $40
Answer:
<h3>Required:</h3>
1. (a) Which company has the better profit margin? (b) Which has the better asset turnover? (c) Which has thebetter return on assets?
2. Which company has the better rate Of growth in sales?
3. (a) Did Roak successfully use financial leverage in the current year? (b) Did Clay?
Answer:
D) M2 is the best definition of money as a medium of exchange.
Explanation:
M2 includes all M1 plus some broader types of money which represent near money such as savings accounts, money market securities, mutual funds, small denomination time deposits (CDs worth less than $100,000). These are classified as ear money because they can be easily and quickly converted into currency (cash) or checking account deposits.
Answer:
(3) to protect his/her other assets with limited liability.
Explanation:
The reason a professional such as a lawyer or doctor would incorporate his/her business is to protect his/her other assets with limited liability. Limited liability will be very good option for the professionals such as lawyer and doctors because it provides a sense of security. Limited liability secures the owners from any kind of loss if happens in business. Although, it is obviously much costlier but personal assets of the owners are also secured in the case if the business goes bankrupt therefore, it is the very best option for the professionals.
