A= Accident caused by blue cab B= witnesses told the cab was blue.It is easy and straightforward to have probability of P(A)= 15% and P(B/A) is 85%. Following the law of total probability.<span><span><span>P(D)</span><span>=P(D|H)P(H)+P(D|<span>¯H</span>)P(<span>¯H</span>)</span></span><span> <span>=0.8⋅0.15+0.2⋅0.85=0.29</span></span></span>Therefore I get <span>P(H|D)=41%</span>. Thus, even if the witness said that the cab involved in the accident was Blue, the probability of this being true is only <span>41%</span>.
Answer:
No journal is needed
Par value is now $1
Explanation:
There is journal entry for stock split no new funds were received from stockholders and the fact that the equity stockholders capital remain the same after the stock split.
It is a mere book redenomination where the number of outstanding shares in issue is increased while the par value is reduced proportionally.
In essence a stock split of 2 for 1 means one share is added to existing one and the two shares are now priced at the value of one previously
The par value after stock split=1/2*$2=$1
Answer:
$84
Explanation:
The computation of each unit of the company's inventory under absorption costing is shown below:
= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= $12 + $18 + $25 + $29
= $84
We simply added the first four-unit cost through which total unit cost would come
All other information which is given is not relevant. Hence, ignored it