Answer:
$2,700
Explanation:
Calculation for the expected value of the outcomes
Using this formula
Expected value=respective outcome*Respective probability
Let plug in the formula
Expected value=(0.25*1100)+(0.55*2300)+(0.20*5800)
Expected value=$275+$1,265+$1,160
Expected value=$2,700
Therefore the expected value of the outcomes will be $2,700
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Answer:
319
Explanation:
Data provided as per the requirement of solution is here below:-
Interest rate = 11%
Solar water heater cost - $2,900
The computation of savings on water is shown below:-
Solar water heater cost = X ÷ Interest rate
2,900 = X ÷ 0.11
X = 2,900 × 0.11
= 319
Therefore the homeowner saves on water heating costs every year is 319.
Given:
Net sales: 600,000
Accounts receivable: 750,000 debit
allowance for doubtful accounts: 1,500 debit
3% of the net sales will prove uncollectible
600,000 x 3% = 18,000
Net Realizable Value of the receivables to be reported on the financial statements at December 31,2014 is 733,500.
750,000 - 18,000 + 1,500 = 733,500
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