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Alex
3 years ago
6

At the beginning of April, Owl Corporation has a balance of $12,000 in the Retained Earnings account. During the month of April,

Owl had the following external transactions.
1. Issue common stock for cash, $8,000.
2. Provide services to customers on account, $6,100.
3. Provide services to customers in exchange for cash, $2,400.
4. Purchase equipment and pay cash, $5,600.
5. Pay rent for April, $1,000.
6. Pay workers' salaries for April, $2,500.
7. Pay dividends to stockholders, $1,100.

Using the external transactions above, compute the balance of Retained Earnings at April 30 ...?
Mathematics
1 answer:
Katarina [22]3 years ago
7 0
<span>common stock: 8000 cash: 8000 5600 2400 1000 2500 1100 ----------- 10400 10200 +200 equip: 5600 notes recv: 6100 revenue: 6100 2400 ------- 8500 rent: 1000 wages: 2500 dividends: 1100 ------- 4600 ------------------------------- 8500 -4600 ------ 3900 - gross profits</span>
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Complete question is:

A large pool of adults earning their first drivers license includes 50% low- risk drivers, 30% moderate-risk drivers, and 20% high-risk drivers. Because these drivers have no prior driving record, an insurance company considers each driver to be randomly selected from the pool. This month, the insurance company writes 4 new policies for adults earning their first drivers license. What is the probability that these 4 will contain at least two more high-risk drivers than low-risk drivers?

Answer:

probability that these 4 will contain at least two more high-risk drivers than low-risk drivers = 0.0488

Step-by-step explanation:

Let H represent High risk

M represent moderate risk

L represent Low risk.

The following combinations will satisfy the condition that there are at least two more high-risk drivers than low-risk drivers: HHHH, HHHL, HHHM, HHMM

The HHHH case has probability 0.2 ⁴ = 0.0016

The HHHL case has probability 4 × 0.2³ × 0.3 = 0.0096 (This is because L can be in four different places)

Similarly, the HHHM case has probability 4 × 0.2 ³ × 0.5 = 0.016

Lastly, the HHMM case has probability 6 × 0.2 ² × 0.3 ² = 0.0216 (This is because the number of ways to choose places for two M letters in this way is 6)

Summing all these probabilities, we have;

0.0016 + 0.0096 + 0.016 + 0.0216 = 0.0488

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2 years ago
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Answer:

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Step-by-step explanation:

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If two lines are parallel, their slopes are equal

So the slope of the new line too is 3

Using the point-slope formula

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