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ioda
3 years ago
12

Below are the account balances for Cowboy Law Firm at the end of December.

Business
1 answer:
drek231 [11]3 years ago
6 0

Answer:

<u>Cowboy Law Firm</u>

<u>Income statement for the year ended December.</u>

                                            $

Service revenue              8,900

Less Expenses :

Salaries expense           (2,000)

Utilities expense              (1,100)

Net Income / (Loss)         5,800

Explanation:

Income statements shows Revenues earned and Expenses incurred at the end of the trading period.

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An investment project provides cash inflows of $615 per year for eight years. a. What is the project payback period if the initi
aksik [14]

Answer:

It will take 3 years and 66 days to pay for the initial investment.

Explanation:

Giving the following information:

Cash flows= $615 for 8 years

Initial investment= $1,750

<u>The payback period is the time required to cover for the initial investment.</u>

<u></u>

Year 1= 615 - 1,750= -1,135

Year 2= 615 - 1,135= -520

Year 3= 615 - 520= 95

Exactly:

(95/520)= 0.18*365= 66

It will take 3 years and 66 days to pay for the initial investment.

8 0
3 years ago
Beate Klingenberg manages a​ Poughkeepsie, New​ York, movie theater complex called Cinema 8. Each of the eight auditoriums plays
hichkok12 [17]

Answer:

A) 1.79

b) 71%

c) 0.75 minutes

d) 0.537 minutes

e) 0.343, 0.240 , 0.1681

Explanation:

L = average number of customers in the system ( 200 / 80 ) = 2.5

a = poission distribution per hour = 200

b = service rate of cashier = 280

A) average number of moviegoers waiting in line to purchase ticket

Lq = L - \frac{a}{b} = 2.5 - (200/280) = 2.5 - 0.71 = 1.79

B) percentage of cashier been busy

p = a/b = 0.71 = 71%

C) average time spent by a customer in the system

w = L / a = 2.5 / 200 = 0.0125 hours = 0.75 minutes

D) average time spent waiting in line to get to the ticket window ?

W2 = Lq / a = 1.79 / 200 = 0.00895 hours = 0.537 minutes

E) probabilities of people in the system

i) more than two people

p ( x ≥ 2 ) = 1 - ( p0 + p1 + p2 ) = 1 - 0.657 = 0.343

more than three people

ii) p ( x ≥ 3 ) = 1 - (p0 + p1 + p2 + p3 ) = 1 - 0.7599 = 0.240

iii) more than four people

p ( x ≥ 4 ) = 1 - ( p0 - p1 + p2 + p3 + p4 ) = 1 - 0.8319 = 0.1681

3 0
2 years ago
Carl has worked on a factory line for years. Recently, his job on the line has been increasingly replaced by robotics in his ind
Zarrin [17]

Answer:

structural unemployment

Explanation:

Unemployment is a situation where people who are ready and willing to work can not find one.

<u><em>Structural Unemployment</em></u>

<em>Structural Unemployment: </em><em> One of the reasons for unemployment is when the production process is automated. In this instance, works and tasks that were formerly done by humans and now been taken over by machines</em>

<em>For example, the work formerly done by Carl has now been taken over by robotics. Usually , this will lead to mismatch of skills because the skills possessed by Carls are no longer needed by his employer.</em>

Therefore, Carl is experiencing structural unemployment

8 0
3 years ago
A business plan should be rewritten every three to five years<br> true<br> false
Kisachek [45]
The answer would be True.
6 0
3 years ago
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The ____ adds up the money earned by producers plus taxes paid to the government
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Gross Income. Net income is after taxes have been deducted.
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2 years ago
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