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Reptile [31]
3 years ago
5

Suppose that next year the U.S. will be in one of the following economic conditions: Boom, Moderate Growth, Recession, or Depres

sion. The probability that each economic condition will occur, and that a jewelry store will earn profits within that broader economic condition are listed below:
Economic Condition Probability Store Profits
Boom 0.4 $ 400,000.00
Moderate Growth 0.3 $ 300,000.00
Recession 0.2 $ 100,000.00
Depression 0.1 $ (500,000.00)
The expected profit of the jewelry store during the next year is?
Business
2 answers:
xz_007 [3.2K]3 years ago
8 0

Answer:

$ 320,000

Explanation:

The expected profit of the jewelery can be calculated by Hope, a statistical concept that consists of the sum of the product of each probability of exit of the experience by its respective value.

Thus, the expected profit of the jewelry store will be: $ 320,000

Hope [(0.4) x 400,000 + (0.3) x 300,000 + (0.2) x100,000 + (0.1) x 500,000)] = 160,000 + 90,000 + 20,000 + 50,000 = $ 320,000

Aleonysh [2.5K]3 years ago
8 0

The expected profit of the jewelry store during the next year is  $320,000.

<h3>Further explanation</h3>

Suppose that next year the U.S. will be in one of the following economic conditions: Boom, Moderate Growth, Recession, or Depression. The probability that each economic condition will occur, and that a jewelry store will earn profits within that broader economic condition are listed below:

Economic Condition, Probability, Store Profits

  • Boom, 0.4, $ 400,000.00
  • Moderate Growth, 0.3, $ 300,000.00
  • Recession, 0.2, $ 100,000.00
  • Depression, 0.1, $ (500,000.00)

The expected value of a discrete random variable is the average of all possible values weighted by the probability of each outcome

A discrete random variable takes a finite set of possible values. For example, flipping a fair coin produces only two possible outcomes.

The expected profit for the store is sum of expected profit in each economic condition.

= (0.4* 400,000.00)+ (0.3* 300,000.00) + (0.2*100,000.00) + (0.1*500,000.00) = $22,000

Therefore the expected profit of the jewelry store during the next year is $320,000.

<h3>Learn more</h3>
  1. Learn more about The expected profit brainly.com/question/3316979
  2. Learn more about Economic Condition brainly.com/question/11895611
  3. Learn more about Recession brainly.com/question/8395694

<h3>Answer details</h3>

Grade:  9

Subject:  business

Chapter:  economic conditions

Keywords: Boom, Moderate Growth, Recession, Depression, The expected profit

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sertanlavr [38]

Answer

This citation is for a book on how to join the Federal Bureau of Investigation

Explanation

A Federal Bureau of Investigation (FBI) special agents work for the federal government and are responsible for conducting investigations according to the federal laws. The special agents are professionals responsible for analyzing a wide range of cases because investigators have skills in specific areas such as crime, accounting or engineering. Joining the secret service requires a person to obtain: a bachelor’s degree, gain work experience, complete the FBI application process, and go through the FBI Academy Training.



6 0
3 years ago
Read 2 more answers
Onslow Co. purchases a used machine for $178,000 cash on January 2 and readies it for use the next day at a $2,840 cost. On Janu
AVprozaik [17]

Answer:

Onslow Co.

Journal Entries:

1. Jan. 2: Debit Equipment $178,000

Credit Cash $178,000

To record the cash payment for equipment purchase.

2. Jan. 3: Debit Equipment $4,000

Credit Cash $4,000

To record the cash payment for readying the equipment for use.

3. Dec. 31: Debit Depreciation Expense $28,000

Credit Accumulated Depreciation $28,000

To record depreciation expense for the first year.

4. Dec. 31, Year 5: Debit Equipment Disposal$178,000

Credit Equipment $178,000

To transfer the equipment account to the Equipment Disposal account.

Debit Accumulated Depreciation $140,000

Credit Equipment Disposal $140,000

To transfer accumulated depreciation to the Equipment Disposal account.

a) Debit Cash $15,000

Credit Equipment Disposal $15,000

To record the cash proceeds from sale of equipment.

Debit Loss on Sale of Equipment $23,000

Credit Equipment Disposal $23,000

To record the loss on Equipment Disposal.

b) Debit Cash $50,000

Credit Equipment Disposal $50,000

To record the cash proceeds from sale of equipment.

Debit Sale of Equipment $12,000

Credit Gain on Sale of Equipment $12,000

To record the gain on Equipment Disposal.

c) Debit Cash $30,000

Credit Equipment Disposal $30,000

To record the cash proceeds from insurance company.

Debit Loss on Disposal $8,000

Credit Equipment Disposal $8,000

To record the loss on Equipment Disposal.

Explanation:

a) Data and Calculations:

January 2: Cost of used machine = $178,000

January 3: Readying costs = $4,000 ($2,840 + $1,160)

Estimated useful life = 6 years

Estimated salvage value = $14,000

Depreciable amount = $168,000 ($182,000 - $14,000)

Depreciation method = straight-line method

Annual depreciation expense = $28,000 ($168,000/6)

Accumulated depreciation at December 31, Year 5 = $140,000 ($28,000*5)

Disposal date = December 31, Year 5

Journal Entries Analysis:

1. Jan. 2: Equipment $178,000 Cash $178,000

2. Jan. 3: Equipment $4,000 Cash $4,000

3. Dec. 31: Depreciation Expense $28,000 Accumulated Depreciation $28,000

4. Dec. 31, Year 5: Equipment Disposal $178,000 Equipment $178,000

Accumulated Depreciation $140,000 Equipment Disposal $140,000

a) Cash $15,000 Equipment Disposal $15,000

Loss on Sale of Equipment $23,000 Equipment Disposal $23,000

b) Cash $50,000 Equipment Disposal $50,000

Equipment Disposal $12,000 Gain on Sale of Equipment $12,000

c) Cash $30,000 Equipment Disposal $30,000

Loss on Disposal $8,000 Equipment Disposal $8,000

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If creditors add finance charges after subtracting payments made during the billing period, this is called the: A. APR method. B
vladimir1956 [14]

The correct answer is D. Adjusted balance method.

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after data processing

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The week when the load is 776 is
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Answer:

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Supply chain management -

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The process like supplying , designing , production , quality control etc. are all process in supply chain management .

Hence , from the given scenario of the question ,

The correct answer is supply chain management .

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