Jason works for a restaurant that serves only organic, local produce. What

You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery

arsen [322]

Answer:

Expected Loss will be $3

Explanation:

Expected Loss can be calculated by multiplying the probabilities to Net expected outcome.

Probabilities

Prize ( $460) = 1 / 100

Prize ( $80 ) = 2 / 100

Prize ( $20 ) = 4 / 100

No prize = 100/100 - (1+2+4)/100 = 93/100

Expected value = [( 460 - 10 ) x 1/100 ] + [( 80 - 10 ) x 2/100 ] + [( 20 - 10 ) x 4/100 ] + [( 0 - 10 ) x 93/100] = 4.5 + 1.4 + 0.4 - 9.3 = -$3

3 0

2 years ago

You would like to purchase one Class A share of Berkshire Hathaway through your Scottrade brokerage account. Scottrade charges a

Bumek [7]

Answer:

The current bid/ask spread for Berkshire Hathaway Class A shares is $935

Explanation:

The computation of the current bid/ask price is shown below:

The Current bid/ask price = Ask price - Bid price

= $263,810 - $262,875

= $935

The commission amount should be ignored in the computation part. Hence, it will not be considered as it is not relevant.

5 0

2 years ago

A company incurs advertising costs of $10,000. The company's three selling departments have the following sales: Department 1—$1

erik [133]

Answer:

The amount of advertising allocated to:

Department 1: $1,250

Department 2: $3,750

Department 3: $5,000

Explanation:

Total sales of the company = Sales of Department 1 + Sales of Department 2 + Sales of Department 3 = $10,000 + $30,000 + $40,000 = $80,000

Percent of sales of three selling departments:

Department 1 = ($10,000/$80,000)x100% = 12.5%

Department 2 = ($30,000/$80,000)x100% = 37.5%

Department 3 = ($40,000/$80,000)x100% = 50%

Advertising is allocated based on percent of sales. The amount of advertising allocated to:

Department 1 = 12.5% x $10,000 = $1,250

Department 2 = 37.5% x $10,000 = $3,750

Department 3 = 50% x $10,000 = $5,000

5 0

3 years ago

Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement

DedPeter [7]

Answer:

Detailed Question lifted from google: 

Use the information presented below for Chambersburg Corp for 2017 and

2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for

Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement is most likely true concerning transactions that must have occurred during the period?

a. Chambersburg also purchased additional equipment during the year.

b. The selling price of the equipment sold was reported with net sales.

c. The equipment that was sold had a book value of $12,500.

d. The equipment sold had not been reported with Chambersburg's property, plant and equipment.

The only applicable answer based on the question is A, Chambersburg also purchased additional equipment during the year.

Explanation:

A. Between 2016 and 2017 Property, plant, and equipment increased by $60,000 (which is $250,000 minus $190,000)

B. Between 2016 and 2017 Depreciation expense on Property, plant, and equipment increased by $15,000 (which is $62,500 minus $47,500)

Meaning attributable depreciation to the new addition to PPE of $60,000 is actually $15,000.

3 0

3 years ago

I need brainliest answer if anyone needs help comment the link here

zalisa [80]

Heya friend,
Good question!
Well, brainly is a great educational platform with so many talented and kind people. We have a great community too of brainly stars, benefactors, moderators. We together do everything to make brainly great and we all have a great bonding among ourselves. We love each other a lot, brainly Benefactor team and star team and moderator team is my family type. We all live under one roof and we do help each other.
To be honest, I never felt that I am a moderator at brainly, I never felt that brainly is just an educational site. Brainly is a friendly site. A love site. A great family. Brainly has became my family,and I do love them.
Now, over to your questions-
1)We should talk to brainly members kindly, lovingly for sure. We should have a spirit of respectness, lovingneess. We should always try to be like a wise person. We should always talks politely to them. No matters on what position he is, we should just see that we are a good user and we have to form a good impression among everyone. Always try to talk something wise, funny, interesting.
2)Yeah, we should give respect to not only Leaders, benefactors, moderators. To each user we should give respect. If you will respect everyone, one will give u respect. We all say-
"TAKE RESPECT, GIVE RESPECT"
Talk to everyone respectively, then only you will be loved by others, if you will talk harshly and will Bose up yourself. No one will love you, all will hate you or will not like to talk to you.
Give respect to everyone. Understand what others want to say, then take decisions wisely and have a sweet relationship with them.
3)Yeah , we should respect others people words. What leaders, moderators, benefactor,stars says is all about your benifit, they want to make each user a good one and brainly indeed. They want you too to have a rank in brainly, a respect in brainly, a family. They do all for you, not for themselves. They got what they want, and they try to give you what you want. If you will do what you want, you will never be able to success, because in every road of life, one needs assistance and guidance. And we are here to guide you, you should respect our tips. You should come up with your doubts kindly and understand what other wanna talk to you and then take decisions wisely and patiently, always remember we do everything for each users benifit.
Love brainly! Respect brainly!
#BeBrainly
#Together we go far!
Hope it helps..!!!!
Read more on Brainly.in - https://brainly.in/question/1404139#readmore

3 0

3 years ago