Answer:
$0.013
0.010724
Explanation:
Given that :
Mean, m = 36500
Standard deviation, s = 5000
Refund of $1 per 100 mile short of 30,000 miles
A.) Expected cost of the promotion :
P(X < 30,000)
Using the Zscore relation :
Zscore = (x - m) / s
Zscore = (30000 - 36500) / 5000
= - 6500 / 5000
= - 1.3
100 miles = $1
1.3 / 100 = $0.013
b. What is the probability that Grear will refund more than $50 for a tire?
100 miles = $1
$50 = (100 * 50) = 5000 miles
Hence, more than $50 means x < (30000 - 5000) = x < 25000 miles
P(x < 25000) :
(25000 - 36500) / 5000
-11500 / 5000
= - 2.3
P(z < - 2.3) = 0.010724 (Z probability calculator)
Answer: Franchise
Explanation: In simple words, a franchise refers to an arrangement under which one entity allows other entity to use its business models, procedures and intellectual properties etc, in return of any loyalty or other such benefit.
This is a common arrangement nowadays and is usually used by the organisations to operate their business globally.
Hence from the above we can conclude that the correct answer is franchise.
Answer:
There is not gain in this operation so the answer is $0
Explanation:
There are some journal entries that needs to be done to have a full picture of the statement
* Purchase
Fixed Assets 690.000
Cash 690.000
* Monthly depreciation
Since, the FA was depreciated during 8 years. Firstly you have to calculate the amount that can be depreciate on a monthly basis
Amount to be depreciated = (Cost of the FA - Salvage value) = (690.000-48.600) = 641.400
Then calculate the yearly depreciation
Yearly depreciation = ((amount to be depreciated/useful life) * years used) =
(641.400/10*8) = 513.120
then the journal entry to record the monthly depreciation for 8 years is
Depreciation expense 513.120
Acc Depreciation 513.120
* Post the Journal Entry to record the sell of FA
You have to reverse the Acc Depreciation and credit the FA
Cash 152.500
Fixed assets 690.000
Acc depreciation 513.120
Loss on sale of FA 24.380
You must be careful of any bikers who decide to take the sidewalks and of any cars that come close when you walk on the road
Answer:
$728,000
Explanation:
Paid in capital can be described as the payments ac company received in exchange for its stock from investors.
From the question, the total paid in capital can be calculated as follows:
Receipt for 42,000 shares at $10 per share = 42,000 * 10 = $420,000
Receipt for 28,000 shares at $11 per share = 28,000 * 11 = $308,000
By adding the two above together and have:
Total paid-in capital = $420,000 + $308,000 = $728,000.
Therefore, total paid-in capital at the end of 2021 is $728,000.
