Answer:
Total bet amount= -$2
Explanation:
In a card deck of 52 cards we have 13 diamond cards. Cards are drawn without replacement.
Probability of the first card being diamond = 13/52
Probability of the send card being diamond= 12/51
So the probability for both cards being diamond = (13/52)*(12/51)= 0.0588235
Bet amount for 2 diamonds= probability* amount received
Bet amount for 2 diamonds= 0.0588235* $30= $1.765
Probability of no diamond= 1- 0.0588235
Probability of no diamond= 0.94118
Bet amount for no diamonds= 0.94118* (-$4)
Bet amount for no diamonds= -$3.765
Total bet amount= Bet amount for diamonds + bet amount for no diamonds
Total bet amount= $1.765+ (-$3.765)
Total bet amount= -$2
Strong feeling its Capitalism.
Answer:
Texas will be a better option as the net pay after income tax is higher than the other cities.
Explanation:
To consider the after-tax wages we must subtract the income taxes from the salaries:
Pennsylvania after tax income: 62,000 x (1-3.07%) = 60,096.6
Texas after tax income: 64,000
New York after tax income: 68,000 x ( 1 - 6.85%) = 63,342
Answer:
A. can use CVP by focusing on measuring the organization's output
Explanation:
Service companies and not-for-profit organizations can use CVP by focusing on measuring the organization's output.
Cost Volume Profit Analysis bothers on the profitability of company's output, whether it be a product manufacturing company or a service-rendering company.
In the case of a service company, Cost Volume Profit will be computed as: Profit = Service Price - Cost to provide service.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $66,000
Salvage value= $5,700
Useful life= 6
F<u>irst, we need to calculate the annual depreciation using the following formula:</u>
<u></u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (66,000 - 5,700) / 6= 10,050
<u>2017:</u>
Annual depreciation= (10,050/12)*3= $2,512.5
<u>2018:</u>
Annual depreciation= $10,050
