Your total pay before deductions is

A command economy is a form of economic system in which the government decides the method of production, price of the goods, and the sale of the goods in the market. It is the opposite of the free market economy. Such type of economy is found in the communist society where the government plays the role of the supreme authority. All the economic activities are controlled by the government while the means of production can be owned by the public.

5 0

3 years ago

West Virginia has one of the highest divorce rates in the nation, with an annual rate of approximately 5 divorces per 1000 peopl

liubo4ka [24]

Answer:

Kindly check explanation

Explanation:

Given the data:

x___ f(x)

10__ 0.05

20__0.10

30__0.10

40__0.20

50__0.35

60__0.20

a. Is this probability distribution valid?

Yes

Σf(x) = (0.05 + 0.10 + 0.10 + 0.20 + 0.35 + 0.20) = 1

0≤f(x)≤1

b. What is the probability MCC will obtain more than 30 new clients

X = 40 + x = 50 + x = 60

0.20 + 0.35 + 0.20 = 0.75

c. What is the probability MCC will obtain fewer than 20 new clients

x = 10

f(x) = f(10) = 0.05

d)Compute the expected value and variance of x.

Expected value (E(x)) :

Σ(x * f(x))

= (10*0.05) + (20*0.1) + (30*0.1) + (40*0.2) + (50*0.35) + (60*0.2)

= 43

Σ(x * E(x))² * f(x)

= (10 - 43)^2 * 0.05 + (20 - 43)^2 * 0.1 + (30 - 43)^2 * 0.1 + (40 - 43)^2 * 0.2+ (50 - 43)^2 * 0.35 + (60 - 43)^2 * 0.2

= 201

3 0

4 years ago

Duluth Co. collected a $6,000 cash advance from a customer on November 1, 2016 for work to be performed over a six-month period

uysha [10]

Answer:

c. Decrease liabilities and increase revenues.

Explanation:

Duluth Co. collected a $6,000 cash advance from a customer on November 1, 2016 for work to be performed over a six-month period beginning on that date.

If the year-end adjustment is properly recorded, the effect of the adjusting entry on Duluth's 2016 financial statements will be a decrease in liabilities and increase in revenues.

This will be the case because when Duluth Co. collected a $6,000 cash advance from a customer on November 1, it would have passed the following entries:

Dr Cash................$6000

Cr Prepaid Revenue...$6000

But note that 'prepaid revenue' is a liability which is why it has a credit balance.

By year end, the adjustment will be to take credit to revenue for 2 months that has elapsed for November and December, which is 2/6 x $6000.

Hence the entry will be:

Dr. Prepaid Revenue.....$2000

Cr. Revenue....................................$2000

which implies that the liability of prepaid revenue has reduced and revenue has increased

4 0

3 years ago