If a prospective home buyer simply changes his or her mind after putting up earnest money, he or she usually forfeits the money.

Two guys walk into a bar; the third one ducks. If these three men acted independently, and the probability is 0.7 that a person

allsm [11]

Answer:

$0.063$

Explanation:

Given

Probability of a person to not enter into a bar or ducking is $0.7$

Probability of a person to enter into a bar

$1 -$ (Probability of a person to not enter into a bar or ducking)

Substituting the given value, we get

Probability of a person to enter into a bar

$= 1 - 0.7 \\= 0.3$

Total three men attempts to enter into the bar and their course of action is independent of each others

Thus, probability of observing the first two walking into the bar and the third ducking will be equal to the product of individual probabilities

$= 0.7 * 0.3 * 0.3\\= 0.063$

7 0

3 years ago

If a company has excess capacity, increases in production level will increase variable production costs but not fixed production

den301095 [7]

Answer; True

Explanation;

When a company has excess capacity, it means that potentially it could produce more than it is producing at the moment. As this potential already takes into account the fixed costs, this means that given the fixed costs it currently has, more goods could be produced on those same fixed costs and they wouldn't increase.

Increasing production level would therefore only increase variable costs which rise whenever production rises as they are directly related to the production of goods.

6 0

3 years ago

Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with ma

Julli [10]

Answer:

Results are below.

Explanation:

a)

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 313,020 / 58,000

Predetermined manufacturing overhead rate= $5.4 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 5.4*26,500= $143,100

Deluxe= 5.4*31,500= $170,100

b)

First, we need to calculate the allocation rates:

Material handling= 183,750 / 1,550= $118.55 per material moves

Setup= 179,180 / 660= $271.48 per setup

Now, we can allocate overhead:

Standard= 118.55*625 + 271.48*85= $97,169.55

Deluxe= 118.55*925 + 271.48*575= $265,759.75

8 0

3 years ago

What additional training are physicians required to take once they graduate from medical school? A .academic classes in how to t

omeli [17]

D-residency in a hospital
This is required to build your resume as a doctor and gives you a chance to see what the real world of medical work is like outside of a classroom.

6 0

3 years ago

uppose that a customer's willingness to pay for a product is $120, and the seller's willingness to sell is $110. If the negotiat

vesna_86 [32]

Answer:

producer surplus is greater than consumer surplus.

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Consumer surplus = willingness to pay - price of the product

$120 - $119 = $1

Producer surplus is the difference between the price of a product and the least price the seller is willing to sell his product.

Producer surplus = price - least price the seller is willing to sell his product.

$119 - $110 = $9

From the calculation, producer surplus is greater than consumer surplus.

I hope my answer helps you

3 0

2 years ago