1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
An organization owned by stockholders that accepts deposits, processes payments, and
Oxana [17]

Answer:

A Bank

Explanation:

8 0
2 years ago
Piere Imports uses the perpetual system in accounting for merchandise inventory and had the following transactionsduring the mon
frozen [14]

Answer:

<u>If records invoices at gross amounts</u>

October 2th

inventory    3,000 debit

    A/P                    3,000 credit

October 2nd

A/P              500 debit

      inventory           500 credit

October 17th

inventory       5,400 debit

      A/P                    5,400 credit

October 26th

A/P                5,400 debit

           Inventory          108 credit

           cash               5,292 credit

October 31th

A/P             2,500 debit

      Cash                 2,500 credit

<u>If records invoices at nets amounts</u>

October 2th

inventory    2,940 debit

    A/P                    2,940 credit

October 2nd

A/P              490 debit

      inventory           490 credit

October 17th

inventory       5,292 debit

      A/P                    5,292 credit

October 26th

A/P                5,292 debit

           cash               5,292 credit

October 31th

A/P             2,490 debit

Inventory         10 debit

      Cash                 2,500 credit

Explanation:

gross amount: we use the invoice nominal

net amount: we use the net nominal

October 2nd net:

3,000 x (1-2%) = 2,940

returns net: 500 x ( 1 - 2%) = 490

October 16th invoice net:

5,400 x ( 1 - 2%) = 5,292

october 31th

october 2th invoice balance:

2,940 - 490 = 2,450

8 0
3 years ago
PE and Terminal Stock Price [LO2] In practice, a common way to value a share of stock when a company pays dividends is to value
solong [7]

Answer:

$150.15

$92.31

Explanation:

Target stock price in year 5 = Earnings per share in year 5 x benchmark PE ratio

Earnings per share in year 5 = dividends per share in year 5/ pay-out ratio

Dividend in year 1 =  $1.15 x 1.20 = $1.38

Dividend in year 2 = $ 1.15 x 1.20^2 = $1.66

Dividend in year 3 =  $1.15 x 1.20^3 = $1.99

Dividend in year 4 = $1.15 x 1.20^4 = $2.38

Dividend in year 5 = $1.15 x 1.20^5 = $2.86

$2.86 / 0.4 = $7.15

$7.15 x 21 = $150.15

b. the stock price today can be found by finding the present value of the dividends

Present value can be found using a financial calculator

Earnings per share in year 5 = dividends per share in year 5/ pay-out ratio

Dividend in year 1 =  $1.15 x 1.20 = $1.38

Dividend in year 2 = $ 1.15 x 1.20^2 = $1.66

Dividend in year 3 =  $1.15 x 1.20^3 = $1.99

Dividend in year 4 = $1.15 x 1.20^4 = $2.38

Dividend in year 5 = $1.15 x 1.20^5 = $2.86

Stock price in year 5 = $150.15

i = 12%

Stock price (present value) = $92.31

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

6 0
3 years ago
What does the phrase "hearing the voice of the consumer" mean?
otez555 [7]

A. Companies have the information they need to effectively satisfy wants and needs in the marketplace.

Basically, "hearing the voice of the consumer" means taking the information that they have about what people want and actually putting the preferences of the consumer first.

4 0
3 years ago
Which of the following gives the number of protons, electrons, and neutrons for a neutral Phosphorus atom? * 25 points Captionle
murzikaleks [220]

Protons=15, neutrons= 16, electrons=15

3 0
3 years ago
Other questions:
  • Valuetronics, an electronics company, is currently in the preproduction stage of launching one of its new stereo systems. In ord
    5·1 answer
  • Vandenheuvel Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appe
    8·1 answer
  • The Giles Agency offers a 12% trade discount when providing advertising services of $1,000 or more to its customers. Audrey’s An
    8·1 answer
  • hile giving her students a physics exam, Professor Thompson noticed that Jack, one of her students who has been struggling with
    9·1 answer
  • The best cost system to use for a company producing a continuous stream of similar items would be a:
    12·1 answer
  • 20 POINTS! Accounting Help!!! &lt;3
    5·1 answer
  • Katsu Corp. distributes property to its shareholders as part of a complete liquidation. The fair market value of the property is
    5·1 answer
  • Individual marketing across segments creates more total sales than any other type of marketing. ​
    5·1 answer
  • How large is my target market?​
    7·2 answers
  • Zenith Investment Company is considering the purchase of an office property. It has done an extensive market analysis and has es
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!