Anything called money will be large and heavy easy to create scarce backed by gold

To make sure a department store card will help your credit history, what should you do? (Select the best answer.)

julsineya [31]

Answer: Avoid using credit cards

Explanation:

8 0

3 years ago

McDonnell-Myer Corporation reported net income of $3,410 million. The company had 594 million common shares outstanding at Janua

Margarita [4]

Answer:

McDonnell-Myer's earnings per share for the year is $5.82

Explanation:

Earnings per share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Shares

Weighted Average Number of Common Shares Calculation :

Outstanding Common Shares - 1 January 594,000,000

Sold - February 28 (2/12×36,000,000) (6,000,000)

Retired - April 30 (4/12×6,000,000) (2,000,000)

Weighted Average Number of Common Shares 586,000,000

Earnings per share = $3,410,000,000/586,000,000

= $5.82

7 0

4 years ago

You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local librar

Ganezh [65]

Answer:community course

Explanation:

5 0

2 years ago

In the workplace, racial discrimination is a very serious issue. Consider a company in which 20% of the employees are African-Am

Tema [17]

Answer:

a) It is expected that 8 African-Americans get promotions.

b) There is a 8.6% probability that 5 African-Americans get promotions.

c) There is a 16.2% probability that at five or less African-Americans get promotions.

d) The company may be accused of racial discrimination because the ammount of promotions given to African-Americans is much less than expected if there were no discrimination. The expected value, if there is no discrimination, of having more than 5 promotions for African American employees is 84%.

Explanation:

The question is incomplete.

Complete question:

In the workplace, racial discrimination is a very serious issue. Consider a company in which 20% of the employees are African-American. At the end of the year, promotions are awarded to a group of employees. Out of the 40 promotions awarded, five are African-American. Given that the awarding follows the binomial distribution, B(40,.2).

a) How many African-Americans would you expect to get promotions?

b) What is the probability that five African-Americans receive promotions?

c) What is the probability that five or fewer African-Americans receive promotions?

d) Do you think the company is suspect of racial discrimination? Explain your thinking.

a) As this situation can be modeled by a binomial distribution B(40,0.2), the expected number of African-Americans that get promotions can be calculated as the expected value of the binomial distribution:

$X\sim B(40,0.2)\\\\E(X)=np=40*0.2=8$

It is expected that 8 African-Americans get promotions.

b) Accordingly to the binomial distribution, we have:

$P(X=5)=\frac{40!}{5!35!}*(0.2)^5*(0.8)^{35}=658008*0.00032*0.0004= 0.086$

There is a 8.6% probability that 5 African-Americans get promotions.

c) We have to calculate the probabilities for X=0,1,2,3,4 and 5.

$P(X\leq5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)\\\\\\P(X=0)=\frac{40!}{0!40!}*0.2^0*0.8^{40}=1*1*0.00013=0\\\\P(X=1)=\frac{40!}{1!39!}*0.2^1*0.8^{39}=40*0.2*0.00017=0.001\\\\P(X=2)=\frac{40!}{2!38!}*0.2^2*0.8^{38}=780*0.04*0.00021=0.007\\\\P(X=3)=\frac{40!}{3!37!}*0.2^3*0.8^{37}=9880*0.008*0.00026=0.021\\\\P(X=4)=\frac{40!}{4!36!}*0.2^4*0.8^{36}=91390*0.0016*0.00032=0.047\\\\P(X=5)=\frac{40!}{5!35!}*0.2^5*0.8^{35}=658008*0.00032*0.00041=0.086$

$P(X\leq5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)\\\\P(X\leq5)=0+0.001+0.007+0.021+0.047+0.086=0.162$

There is a 16.2% probability that at five or less African-Americans get promotions.

d) The company may be accused of racial discrimination because the ammount of promotions given to African-Americans is much less than expected if there were no discrimination. The expected value, if there is no discrimination, of having more than 5 promotions for African American employees is 84%.

3 0

3 years ago

Determine which of the statements below explain what an accounting system does. (Check all that apply.) Multiple select question

AVprozaik [17]

Answer:

I. It helps users to be better informed, so they can evaluate the risks and returns of different business decisions.

II. It collects and processes data from transactions and events.

III. It organizes financial information into useful reports.

IV. It communicates financial information to decision makers.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

The fundamental functions of an accounting system includes;

I. It helps users to be better informed, so they can evaluate the risks and returns of different business decisions.

II. It collects and processes data from transactions and events.

III. It organizes financial information into useful reports.

IV. It communicates financial information to decision makers.

4 0

3 years ago