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dalvyx [7]
4 years ago
14

If a painter tells you that he would spent $30 on a resperator (but not $31) that protects him from paint fumes that produce a 0

.01% chance of killing him? How much cash value would you say that he places on his life?
Business
1 answer:
Anestetic [448]4 years ago
3 0

Answer:

$300,000

Explanation:

Data provided in the question:

Amount the painter would like to spend on a respirator = $30

Chances of paint fume killing the painter = 0.01%

Now,

The cash value he places on the life of painter

= [ Amount spent on respirator ] ÷ [ Probability of death ]  

or

= 30 ÷ 0.01%

or

= 30 ÷ 0.0001

or

= $300,000

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Answer:

State unemployment tax payable A/c Dr $168

         To Cash A/c $168

(Being state unemployment taxes are paid for cash)

Explanation:

The journal entry to record the payment of the unemployment taxes is shown below:

State unemployment tax payable A/c Dr $168

         To Cash A/c $168

(Being state unemployment taxes are paid for cash)

For recording this transaction, we debited the State unemployment tax payable as it increase the liability and cash account should be credited as it reduce the current assets

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4 years ago
Benz Company is considering the purchase of a machine that costs $100,000, has a useful life of 18 years, and no salvage value.
Marysya12 [62]

Answer:

B. $14,600

Explanation:

The annual cash inflows associated with the machine can be found by the following expression, where 'r' is the company's discount rate of 12% and 'n' is the useful life of the equipment of 18 years:

-investment+ X*\frac{(1 - (1 + r)^{-n})}{r} =NPV\\\\-\$100,000 + X*\frac{(1 - (1 + r)^{-n})}{r} =\$5,850\\-\$100,000 + X*\frac{(1 - (1 + 0.12)^{-18})}{0.12} =\$5,850\\X=\frac{\$105,850}{7.25} \\X=\$14,600

Annual cash inflows are $14,600.

8 0
3 years ago
What class of security risk represents an opportunity for hackers when they find an identified weakness in which necessary contr
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7 0
1 year ago
Constitutive rules __________. Group of answer choices
Zepler [3.9K]

Answer:

3. interaction are examples of phatic communication are

Explanation:

  • Consequantive riles indicate the appropriate behavior in a given context and that are used to interest and understand and the rules and the meanings of the message.
8 0
3 years ago
The seller was told by the bank that she has a prepayment penalty due at the time of closing. the penalty is 6 months' interest
algol13
Using the formula for compound interest:

The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ

Where:

A = the future value = $95000
P = the principal investment amount = ?
r  = the annual interest rate = 0.06
n = the number of times that interest is compounded per year = 2
x = the number of years the money is invested = 0.5


95,000 = P (1 + 0.06/2)¹

95,000 = P (1.06/2)

95,000 = P (0.53)

P = 95,000 ÷ 0.53

P = 95,000 ÷ 0.53

P = 179,245.30

Total compounded interest = 179,245.30 - 95,000

Total compounded interest = 84,245
3 0
3 years ago
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