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natta225 [31]
3 years ago
12

When alice spends the day with the babysitter, there is a 0.6 probability that she turns on the tv and watches a show. her littl

e sister betty cannot turn the tv on by herself. but once the tv is on, betty watches with probability 0.8. tomorrow the girls spend the day with the babysitter?
Business
1 answer:
rusak2 [61]3 years ago
7 0
The questions are;
a) What is the probability that both Alice and Betty watch TV tomorrow?
b) What is the probability that Betty watches TV tomorrow?
<span>c) What is the probability that only Alice watches TV tomorrow?

the probability of alice turning on the tv is 0.6
the probability of betty watching the tv once the tv is on is 0.8
a) 
in probability when the word and is mentioned then that means that both the conditions should occur therefore the probability of both instances are multiplied
the probability of alice watching tv - 0.6
probability of betty watching tv is 0.6 * 0.8 = 0.48
since the </span>probability of betty watching tv depends on both alice switching on the tv and of betty actually watching tv 
therefore the probability of both watching tv = 0.6 * 0.48 = 0.288

b)
probability of betty watching tv alone is dependent upon alice turning on the tv
this is conditional probability, where one condition is depedent on another condition, in this case both alice should turn on the tv and betty should watch tv.
Therefore we have to multiply the probabilities of both events
probability of betty watching tv as calculated above is 0.6 * 0.8 = 0.48

c) 
only alice watching tv means that betty doesn't watch
the probability of betty not watching the tv = 0.6 * 0.2 = 0.12
this too, 2 events should occur. Alice should switch on the tv and betty should not watch tv. Therefore these 2 probabilities should be multiplied
therefore probability of only alice watching tv = 0.6 * 0.12 = 0.072
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Answer:

B. a debit to Interest Expense for $ 42 comma 750.

C. a credit to Cash of $ 137 comma 750.

Explanation:

Payment of Note Payable includes the payment of interest on the outstanding balance and principal amount of the note. In this question it is the first payment of the note payable, so the outstanding balance is the face value of the note, Interest is calculated using this value, A fix payment of $95,000 is also made.

As per given data

Principal Payment = $95,000

First Interest payment = $475,000 x 9% = $42,750

Total Payment = $95,000 + $42,750 = $137,750

Journal Entry for first payment

Dr. Interest Expense $42,750

Dr. Not Payable         $95,000

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3 years ago
Enfield Industries purchased and consumed 61,000 gallons of direct material that was used in the production of 13,000 finished u
Aleonysh [2.5K]

Answer:

= $0.8 per unit

Explanation:

The question is to determine the Actual price paid for a gallon of direct material

This is answered in the following steps

Step 1) What is the standard Quantity allowed?

= Finished units of products x the manufacturing standard

= 13,000 units x 5 gallons = 65,000

What is the actual quantity consumed = 61,000 gallons

Meaning the Material Quantity variance =

Standard Quantity allowed - Actual Quantity used = 65,000 - 61,000

= 4000

Step 2) Determine the Standard Price

= The disclosed material QUantity Variance/ The determined material Quantity Variance

= 2800F/ 4,000

= 0.7 per unit

Step 3) Determine Material Price Variance

= Actual Quantity (Standard Price - Actual Price

= $6,100u = 61,000 (0.7 - Actual Quantity)

= $0.8 per unit

6 0
3 years ago
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As a component of real estate value, the principle of substitution states that
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Answer:

a. If two similar properties are for sale, a buyer will purchase the cheaper of the two.

Explanation:

The principle of substitution justifies the idea that the maximum value of a property will be set by the selling price of an equally valuable and desirable substitute property. In this case of property sale, if an area has two similar houses and one is being sold for $912,000 and the other is priced at $105,000, buyers will most likely go for the cheaper one. There is no reason to pay more money if they will be getting a similar property at low cost.

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3 years ago
List one method for accepting a job offer and one method for rejecting a job offer.
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For both accepting and rejecting, thank the employer for the wonderful opportunity that was given. When accepting state that you are happy with the employment terms, and the salary that was given. When rejecting tell the employer thank you, but simply state how there may have been better opportunities, or how the job was not the right fit for you. Both should be done either by email or phone.
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On January 1, 2021, a company purchased a machine that cost $500,000 and had a residual value of $50,000. The machine is expecte
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Answer:

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We know,

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Given,

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Therefore, depreciation expense for 2022 = [($500,000 - $50,000) ÷ 360,000 units] × 25,000 units

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Accumulated Depreciation expense = $31,250

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