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Umnica [9.8K]
3 years ago
12

The Powerball lottery is open to participants across several states. When entering the powerball lottery, a participant selects

five numbers from 1-59 and then selects a powerball number from the digits 1-35. In addition, there’s a $1 million payoff for anybody selecting the first five numbers correctly. • Show that the odds of winning the Powerball Jackpot are 1 in 175, 223, 510. • Show that the odds of winning the $1 million are 1 in 5, 153, 632. On February 18, 2006 the Jackpot reached $365 million. Assuming that you will either win the Jackpot or the $1 million prize, what’s your expected value of winning? Mega Millions is a similar lottery where you pick 5 balls out of 56 and a powerball from 46. Show that the odds of winning mega millions are higher than the Powerball lottery On March 30, 2012 the Jackpot reached $656 million. Is your expected value higher or lower than that calculated for the Powerball lottery?

Business
1 answer:
sweet-ann [11.9K]3 years ago
6 0

Answer:

Following is given the detailed solution to the question given.

I hope it will help you a lot!

Explanation:

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Who can become a principal and who can become an agent?a. Any person can become a principal, but an agent has to have the capaci
Rufina [12.5K]

Answer: Option A

Explanation: Any person can become a principal having sufficient business but in order to become an agent of the principal one needs to have the capacity to contract on behalf of the principal.

In a principal agent relationship, the principal bounds the agent to act on his behalf. So, there is no legal contracts to become a principal but the acts of agent are legally bound to a certain extent.

Hence, option A is correct.

6 0
2 years ago
Daryl is the founder of a successful smartphone application. He is detail-oriented and has high expectations of his employees. H
Lorico [155]

Daryl is the founder of a successful smartphone application. He is detail oriented and has high expectations of his employees. He rewards them with bonuses for a job well done but employees do not know him well. Daryl is a Transactional Leader.

Transactional Leader is a leader who rewards his employees for a job well done as well as punish them for a job bad done. There is a distance between the leader and the employees. Leader helps their employees in doing good work and also rewards them when they do good, but they have a formal distance and relationship with each other. He expects high from his employees. That is why he rewards them or punish them as well.

3 0
3 years ago
Read 2 more answers
On January 1, 2020, Piper Corp. purchased 40% of the voting common stock for of Betz, Inc. for $2,000,000 and appropriately acco
Neko [114]

Answer:

$57,600

Explanation:

The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-

Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)

= ($720,000 - $240,000) × 40%

= $480,000 × 40%

= $192,000

Now, the rise in Piper's deferred income tax liability for this temporary difference is

Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate

= $192,000 × 30%

= $57,600

6 0
3 years ago
Keyser Beverage Company reported the following items in the most recent year.
sladkih [1.3K]

Answer:

Net cash provided by operating activities = $49,730

Net change in cash during the year = $56,750

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES  $

Net Income     43,490

<em>Adjustments to reconcile net income to      </em>

<em>net cash provided by operating activities:      </em>

Depreciation on Fixed Assets    7,970  

<em>(Increase) Decrease in Current Assets:      </em>

Accounts Receivables    (10,700)

<em>Increase (Decrease) in Current Liabilities:     </em>

Accounts Payable     8,970

NET CASH PROVIDED BY OPERATING ACTIVITIES 49,730

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Equipment    (9,000)

NET CASH USED IN INVESTING ACTIVITIES  (9,000)

CASH FLOWS FROM FINANCING ACTIVITIES

Payment of Cash Dividends    (5,480)

Issue of notes payable    21,500

NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES 16,020

NET INCREASE (DECREASE) IN CASH   56,750

3 0
3 years ago
What are three skills you are likely to need as an entrepreneur?
finlep [7]
Networking skills,organization skills, listening skills, and speaking skills hope that helps
5 0
3 years ago
Read 2 more answers
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