The perception that Ben would imply on his products is that the cost of ownership could be possible for pricing. In addition, this kind of pricing would significantly aid the buyer on knowing what are the direct and indirect costs of a specific product or service wherein it is usually accronymed as TCO (Total cost of ownership)
Answer:
probability of a reliable performance = 19/20
Explanation:
If a new battery has just been installed, then the chances of failure are only contributed by the faulty microchip, which has a failure rate of 1 in 20 hours.
Therefore in 1 hour, the probability that the laptop will perform reliably is calculated as follows:
Chances of failure = 1 in 20
20 hours = 1 chance of failure
∴ 1 hour = 1/20 chance of failure
1/20 = 0.05 chance of failure
Now, let us express 0.05 as fraction:
0.05 = 5/100
Therefore in 1 hour, there is a 5 in 100 chances of failure.
But we are asked to find the probability that the laptop will perform reliably. This is simply done by finding the difference between the total chances of occurrence (100) and the chances of failure (5)
∴ Probability of reliable performance in one hour = (100 - 5) / 100
= 95/100
95/100 = 19/20
Answer:
$12,000 during the first year or $1,200 per year during 10 years
Explanation:
The IRS considers mortgage points as interest paid in advance, and generally individuals and small businesses will deduct them entirely during the current year. But the taxpayer can choose to deduct that amount ratably over the life of the loan (in this case 10 years). Of course most people chooses to deduct them completely during the first year because the IRS doesn't recognize any interest.
Answer:
$7.5
Greater
Explanation:
Price elasticity of demand = percentage change in quantity demanded/ percentage change in price
0.2 = 10%/ percentage change in price
percentage change in quantity demanded = 50% = 0.5
0.5 = (New price - $5) / $5
New price = (5 × 0.5) + 5 = $7.5
In the short run, demand is relatively inelastic because consumers need time to find suitable substitutes but in the long run, demand is usually more elastic.
I hope my answer helps you
Answer:
$3,860
Explanation:
The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.
Therefore to calculate final balance of allowance for doubtful balance
Beginning balance 2700
Bad debt expense (410000*1%) 4100
Less: Written off -2940
Ending balance 3860
So answer is $3,860
