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Sliva [168]
2 years ago
13

Say I have a wallet that contained either a $2 bill or a $20 bill (with equal likelihood), but I don’t know which one. I add a $

2 bill. Later, I reach into my wallet without looking and remove a bill. It’s a $2 bill. There’s one bill remaining in the wallet. What is the chances that it’s a $2 bill?
Business
1 answer:
scoundrel [369]2 years ago
5 0

Answer:

        \large\boxed{\large\boxed{2/3}}

Explanation:

The initial scenary is:

  • One $2-bill with 50% probability
  • One $20-bill with 50% probability

I will call the original $2-bill $2a and the $2-bill that I add $2b-bill.

When $2b-bill is added the options are:

  • One $2a-bill plus $2b-bill with 50% probability
  • One $2b-bill plus one $20-bill 50% probability

When I remove one of the $2 bills there are three possibilities for the bills on the wallet:

  • One $2a-bill,
  • One $2b-bill, and
  • One $20-bill

Each option is equally likely. Then each option has probability 1/3.

Two of those options are a $2 bill ($2a-bill and $2b-bill).

Hence, the probability of the bill remaining in the wallet be a $2 bill is 1/3 + 1/3 = 2/3.

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Answer:

what he said

Explanation:

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Grey Wolf, Inc., has current assets of $2,090, net fixed assets of $9,830, current liabilities of $1,710, and long-term debt of
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Answer and Explanation:

The computation is shown below:

1. Before computing the stockholder equity first we have to determine the total assets and the total liabilities which is shown below:

As we know that

Total Assets = Current Assets + Net Fixed Assets

= $2,090 + $9,830

= $11,920

Now

Total Liabilities = Current Liabilities + Long-term Debt

= $1,710 + $4,520

= $6,230

So,

Stockholders’ Equity = Total Assets - Total Liabilities

= $11,920 - $6,230

= $5,690

2. The net working capital is

Net Working Capital = Current Assets - Current Liabilities

=  $2,090 - $1,710

= $380

5 0
3 years ago
A list of fi nancial statement items for Chin Company includes the following: accounts receivable $14,000, prepaid insurance $2,
Arturiano [62]

Answer:

Explanation:

Data provided in the question:

Accounts receivable = $14,000

Prepaid insurance = $2,600

cash = $10,400

supplies = $3,800

Debt investments (short-term) = $8,200

Now,

Balance sheet listing the items in the proper sequence is as follows

Current Assets                              Amount

Cash                                                 $10,400

Debt investments (short term)        $8,200

Accounts receivables                      $14,000

Supplies                                            $3800

Prepaid Insurance                            $2,600

=================================================================

Total current assets                         $39,000

6 0
3 years ago
Marion Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock
statuscvo [17]

Answer:

$40,000

Explanation:

Holders of preferred stocks are given preference in terms of dividend distribution. However, the amount of dividend that they will share in the $65,000 dividends declared by the board of directors is only limited to 5% of the total par value (5,000 shares x $100 = $500,000) of preferred stocks, which in this case is only $25,000 ($500,000 x 5%). After deducting the dividends for preferred stocks, the remaining dividends of $40,000 ($65,000 - $25,000) will be distributed to holders of common stocks.

8 0
3 years ago
Returnable packaging, use of 3d printing, and flexible packaging are examples of:
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Returnable packaging, use of 3d printing, and flexible packaging are examples of <u>sustainable packaging.</u>

Sustainable packaging simply means the sourcing, development, and use of package solutions which possess minimal environmental footprint and impact.

It should be noted that sustainable packaging is earth-friendly and doesn't lead to the depletion of natural resources. Some examples of sustainable packaging include <em>returnable packaging</em>, the use of 3d printing, and flexible packaging.

Read related link on:

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