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Rashid [163]
4 years ago
7

Call a household prosperous if its income exceeds $100,000. Call the household educated if the householder completed college. Se

lect an American household at random, and let A be the event that the selected household is prosperous and B the event that it is educated. According to a survey, P(A) = 0.139, P(B) = 0.272, and the probability that a household is both prosperous and educated is P(A and B) = 0.085. What is the conditional probability that a household is prosperous, given that it is educated? (Round your answer to four decimal places.)
Business
1 answer:
Trava [24]4 years ago
6 0

Answer:i dunno

Explanation:

...

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Good business ethics is a good marketing strategy. Discuss
Aloiza [94]
If you can market well, you rely less on what you are selling, but more on getting the buyers' interest in the product
4 0
4 years ago
The most recent data from the annual balance sheets of Free Spirit Industries Corporation and LeBron Sports Equipment Corporatio
shutvik [7]

Answer:

Free Spirit Industries Corporation and LeBron Sports Equipment Corporation

1a. Free Spirit Industries Corporation’s current ratio is , and its quick ratio is 1.3337 : 1 and 0.7469 : 1 respectively.

1b. LeBron Sports Equipment Corporation’s current ratio is , and its quick ratio is 1.6596 : 1 and 0.9294 : 1 respectively.

2. True: Free Spirit Industries Corporation has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than LeBron Sports Equipment Corporation.

3. True: A current ratio of 1 indicates that the book value of the company’s current assets is equal to the book value of its current liabilities.

4. True: An increase in the current ratio over time always means that the company’s liquidity position is improving.

Explanation:

a) Data:

Balance Sheet December 31st (Millions of dollars)

LeBron Sports Equipment Corporation   Free Spirit Industries Corporation

                             LeBron   Free Spirit                             LeBron   Free Spirit

Assets                                                        Liabilities

Current assets                                        Current liabilities

Cash                            $1,435      $922     Accounts payable         $0    $0

Accounts receivable      525         338      Accruals                       316      0

Inventories                   1,540         990      Notes payable          1,793   1,687

Total current assets $3,500   $2,250 Total current liabilities $2,109$1,687

Net fixed assets                                          Long-term bond      2,578 2,063

Net plant & equipment 2,750 2,750         Total debt             $4,687 $3,750

                                                                    Common equity

                                                                    Common stock     $1,016     $813

                                                                    Retained earnings   547       437

                                                            Total common equity $1,563  $1,250

Total assets      $6,250 $5,000 Total liabilities and equity$6,250 $5,000

b) Current Ratio and Quick Ratio:

Current Ratio = Current Assets/Current Liabilities

Quick Ratio = (Current Assets - Inventory)/Current Liabilities

1a. Free Spirit Industries Corporation’s current ratio is , and its quick ratio is

Current Ratio = $2,250 / $1,687 = 1.3337 : 1

Quick Ratio = ($2,250 - 990) / $1,687 = 0.7469 : 1

1b. LeBron Sports Equipment Corporation’s current ratio is , and its quick ratio is:

Current Ratio = $3,500 / $2,109 = 1.6596 : 1

Quick Ratio = $3,500 -1,540 / $2,109 = 0.9294 : 1

5 0
3 years ago
Which of the following is correct?
SpyIntel [72]

Answer:

Health insurance plans may reimburse an individual for hospital stays, doctors' visits, and medications.

Explanation:

Depending on the event and the insurance plan you have you might be able to ask for a reimburse of the medical bills you paid.

4 0
3 years ago
Juul’s ceo was forced to quickly respond to the increased scrutiny the company was facing. Which decision-making style allows se
WARRIOR [948]

The directive decision-making fashion uses quick, decisive thinking to come to a solution. A directive decision-maker has a low tolerance for doubtful or ambiguous ideas.

They're focused on the venture and will use their personal information and judgment to come to a conclusion with selective enter from other individuals.

<h3>Which kind of decision is made by using senior management?</h3>

strategic decision

A strategic choice is taken with the aid of top-level managers after a lot of analysis, study, and fact-finding. This is because such selections will affect the entire functioning of the business enterprise and are very vital and large in nature.

Learn more about decision making styles here:

<h3>brainly.com/question/27004710</h3><h3>#SPJ4</h3>

4 0
1 year ago
Blitz Corp. had total sales of $3,010,000 last year and has 106,000 shares of stock outstanding. The benchmark PS is 1.6 times.
Roman55 [17]

Answer:

the stock price is $45.44

Explanation:

The computation of the stock price is shown below:

Sales per share is

= Total sales ÷ stock outstanding  shares

= $3,010,000 ÷ 106,000 shares

= $28.40

Now

Benchmark PS = Stock price ÷ Sales per share

Stock price = $28.40 × 1.6

= $45.44

hence, the stock price is $45.44

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0
3 years ago
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