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
vladimir1956 [14]
3 years ago
6

A compact minivan costs $16,000 with a residual value of $1,000. It has an estimated useful life of five years. If the minivan w

as bought on July 3, what would be the book value at the end of Year 1 using straight-line rate? A. $14,500 B. $16,000 C. $1,500 D. $12,500
Mathematics
1 answer:
Andreyy893 years ago
7 0

Answer:

  A.  $14,500

Step-by-step explanation:

The van depreciates ($16000 -1000 = $15000 in 5 years, so $3000 per year. It will be assumed to depreciate half that amount in half a year, so will be worth $1500 less than $16000 at the end of the first calendar year. The book value will be $14,500.

You might be interested in
Refer to Exercise 3.122. If it takes approximately ten minutes to serve each customer, find the mean and variance of the total s
garri49 [273]

Answer

a. The expected total service time for customers = 70 minutes

b. The variance for the total service time = 700 minutes

c. It is not likely that the total service time will exceed 2.5 hours

Step-by-step explanation:

This question is incomplete. I will give the complete version below and proceed with my solution.

Refer to Exercise 3.122. If it takes approximately ten minutes to serve each customer, find the mean and variance of the total service time for customers arriving during a 1-hour period. (Assume that a sufficient number of servers are available so that no customer must wait for service.) Is it likely that the total service time will exceed 2.5 hours?

Reference

Customers arrive at a checkout counter in a department store according to a Poisson distribution at an average of seven per hour.

From the information supplied, we denote that

X= Customers that arrive within the hour

and since X follows a Poisson distribution with mean \alpha = 7

Therefore,

E(X)= 7

& V(X)=7

Let Y = the total service time for customers arriving during the 1 hour period.

Now, since it takes approximately ten minutes to serve each customer,

Y=10X

For a random variable X and a constant c,

E(cX)=cE(X)\\V(cX)=c^2V(X)

Thus,

E(Y)=E(10X)=10E(X)=10*7=70\\V(Y)=V(10X)=100V(X)=100*7=700

Therefore the expected total service time for customers = 70 minutes

and the variance for serving time = 700 minutes

Also, the probability of the distribution Y is,

p_Y(y)=p_x(\frac{y}{10} )\frac{dx}{dy} =\frac{\alpha^{\frac{y}{10} } }{(\frac{y}{10})! }e^{-\alpha } \frac{1}{10}\\ =\frac{7^{\frac{y}{10} } }{(\frac{y}{10})! }e^{-7 } \frac{1}{10}

So the probability that the total service time exceeds 2.5 hrs or 150 minutes is,

P(Y>150)=\sum^{\infty}_{k=150} {p_Y} (k) =\sum^{\infty}_{k=150} \frac{7^{\frac{k}{10} }}{(\frac{k}{10})! }.e^{-7}  .\frac{1}{10}  \\=\frac{7^{\frac{150}{10} }}{(\frac{150}{10})! } .e^{-7}.\frac{1}{10} =0.002

0.002 is small enough, and the function \frac{7^{\frac{k}{10} }}{(\frac{k}{10} )!} .e^{-7}.\frac{1}{10}  gets even smaller when k increases. Hence the probability that the total service time exceeds 2.5 hours is not likely to happen.

3 0
3 years ago
My brother is 5 years older than I am. My sister is 3 years younger than I am.
grin007 [14]

Answer:

8 years older then your younger sister

7 0
3 years ago
Read 2 more answers
Help please!!!!!!!!!!!!!!!!!
Elena-2011 [213]

The slope is between these two points is 3

3 0
3 years ago
Does the order of information matter when writing a proof? (geometry)
n200080 [17]

Answer:

Yes it does matter

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
How do i show my work for 40 divided by 17.00
Eddi Din [679]

Answer:

40/17.00 = 2.35294 ( then round to whatever is required )

Step-by-step explanation:

4 0
3 years ago
Other questions:
  • The result of 2/3 times 18 is?
    13·2 answers
  • THE QUOTIENT OF A NUMBER AND 8 IS 16 I NEED THE SOLUTION
    7·1 answer
  • What is the area of a parallelogram whose vertices are A(−1, 12) , B(13, 12) , C(2, −5) , and D(−12, −5) ?
    6·2 answers
  • I need help with this question. PLZZ HELP!!!
    8·1 answer
  • 0.034 is 1/10 of 0.0034
    9·1 answer
  • In Ryan's kitchen, there are 15 black tiles and 10 white tiles. What is the ratio (in the simplest form) of white tiles to black
    11·1 answer
  • What is lcm of 30and 45
    14·2 answers
  • Which ratio is not equivalent to 12/16 <br> A 3/4<br> B6/8<br> C 8/10<br> D 24/32
    10·2 answers
  • Like this is this correct or wrong
    14·2 answers
  • The dimensions of a triangular prism are shown in the diagram. The prism is not drawn to scale.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!