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Mashcka [7]
3 years ago
8

A lawyer believes that the probability is .3 that she can win a discrimination suit. If she wins the case, she will make $400,00

0; but if she loses, she gets nothing. Assume that she has to spend $75,000 preparing the case. What is her expected gain
Business
1 answer:
Ede4ka [16]3 years ago
4 0

Answer:

her expected gain is $45,000.

Explanation:

If she wins

She will make = $400,000

Probability of winning = 0.3

Expected income = $400,000 x 0.3 = $120,000

Cost on the cash = $75,000

Expected gain = Expected income - Cost  = $120,000 - $75,000 = $45,000

If she loses the case she has to bear the cost incurred to prepare the case. So, the probability on the cost side is 1 but probability on the income side is 0.3 so we calculated the 0.3 probable income which is $120,000 after deducting the cost the lawyer will have expected gain of $45,000 only.

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Sparks Fireworks manufactures and sells fireworks. Their raw materials used is $71,500. Their beginning raw materials inventory
algol13

Answer:

The correct answer would be, $70500

Explanation:

Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:

Beginning Raw Material Inventory: $5000

Raw Material Used:                $71500

Ending Raw Material Inventory:    $6000

Raw Material Inventory Turnover:

Beginning Inventory + Raw Material Used - Ending Raw Material

= 5000+71500-6000= $70500

7 0
4 years ago
If a letter is to be distributed to other people in addition to the recipient, a/an _______ notation is inserted at the bottom o
lilavasa [31]
The answer is D.
Copy is usually used to indicate the letter have been send to someone else
5 0
3 years ago
A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 4. 17 and an equity multiplier of
spayn [35]

A corporation has $640,000 in sales, $23,000 in net profit after taxes, a 4.17total asset turnover, and a1.67 equity multiplier. response is9%.%

The ratio of a company's net income to the equity of its shareholders is known as return on equity (ROE). A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). The better a corporation is at turning its equity financing into profits, the higher its ROE.

Return on Asset is expressed as a percentage of the total return an organization generates in relation to its total assets. The return on asset calculation formula is.

Return on assets is calculated as Net Profit After Taxes by Asset Turnover and Sales multiplied by100. For example, Return on Assets is $23,000*2.5by640000*100 Return on Assets is $57,500/640000*100 Return

Learn more about equity here.

brainly.com/question/28202983

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8 0
2 years ago
It is often said that high rates of inflation tend to diminish people's incentive to save and invest. this view must be incorrec
SOVA2 [1]
Of the following, the best criticism of the argument above is that it overlooks the possibility that certain factors operating in the 1980’s but not in the 1970’s diminished people’s incentive to save and invest.
<span>If these other factors, unrelated to the inflation rate, that operated in the 1980’s but not the 1970’s, created an even greater disincentive to savings and investment than high inflation rates provide, then those trends do not provide evidence about the general relationship among savings, investment, and inflation. </span>
5 0
3 years ago
The following are data concerning cash received or paid from various transactions for Orange Peels Corporation: Sale of land $10
vichka [17]

Answer:

A. $190,000

Explanation:

The breakdown analysis of Balance Sheet and Income Statement in terms of Cash in the form of Operating, Investing and Financing activities is known as Cash Flow Statement or the Statement of Cash Flows.

In Investing Activities Cash Flow we simply add Cash Proceeds from the sale of assets and subtract any proceeds from the purchases. The difference between the two is called Cash Flow from investing activities and it how much cash surplus or deficit we have from Investing Activities of Cash.

In the Statement of Cash Flows calculating Net Cash provided by investing activities is simple. Simply add Sale of Land, Sale of Equipment and Issuance of Common Stock. Subtract Purchase of Equipment from it and you will get the Net Cash Flow from Investing Activities.

Payment of Cash Dividend is the Financing Activities item so will not be taken into consideration in Investing Activities Cash flow as follows:

(+) Sale of Land $100,000

(+) Sale of Equipment $50,000

(+) Issuance of Common Stock 70,000

(-) Purchase of Equipment $30,000

NET CASH FLOW from INVESTING ACTIVITIES $190,000

4 0
3 years ago
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