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xz_007 [3.2K]
3 years ago
14

Each year a company selects a number of employees for a management training program. On average, 60 percent of those sent comple

te the program. Out of the 27 people sent, what is the probability that exactly 8 complete the program?
Business
1 answer:
Gnesinka [82]3 years ago
3 0

Answer:

the probability that exactly 8 complete the program is 0.001025

Explanation:

given information:

60 % of those sent complete the program, p = 0.6

the total of people being sent, n = 27

exactly 8 complete the program, x = 8

to find the probability, we can use the following formula

P(X=x)=\left[\begin{array}{ccc}n\\x\\\end{array}\right] p^{x} (1-p)^{n-x}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (1-0.6)^{27-8}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (0.4)^{19}

                = 0.001025

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returned unsatisfactory merchandise to Prestigious Bakery for $5,000 receiving a credit note for these goods.
Rama09 [41]

Answer:

Debit: Accounts Payable  $ 5,000

Credit: Merchandise Inventory  $ 5,000

Explanation:

Credit note:

A credit note is a document issued by the supplier, when:

  • Supplies are returned or found to be deficient by the recipient -
  • When goods supplied are returned by the recipient or goods/services supplied are found to be deficient by the recipient, the supplier should issue a Credit Note.
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Preparing journal entries with respect the given situation.

Debit: Accounts Payable  $ 5,000

Credit: Merchandise Inventory  $ 5,000

6 0
4 years ago
Dave has $100,000 to invest in 10 mutual fund alternatives with the following restrictions. For diversification, no more than $2
Over [174]

Answer:

Check the explanation

Explanation:

Let the binary variables be: x1,x2,x3.....x10. If x1=0, no amount is invested in fund 1 and if it is 1 it means that an amount is invested. Let y1,y2.....y 10 be the variables for the amount invested.

Kindly check the first attached image for the table.

The objective is to maximize the return. Hence our objective function is: 6.7%*y1+7.65%*y2+7.55%*y3+7.45%*y4+7.5%*y5+6.45%*y6+7.05%*y7+6.9%*y8+5.2%*y9+5.9%*y10. This has to be maximized.

Constraints:

(i) y1,y2.....y10<=25,000 (no more than $25,000 can be invested in any one fund)

(ii) If x1=1, y1>=10,000, 0. This what if formula will be applicable for all the variables. (If a fund is chosen for investment, then at least $10,000 will be invested in it).

(iii) x1+x2+x3+x4<=2 (No more than two of the funds can be pure growth funds)

(iv) y9+y10>=y1+y2+y3+y4 (at least as much as the amount invested in pure amount invested in pure bond funds must be at least as much as the amount invested in pure growth funds)

(v) all x's are binary and all y's>=0. (vi) y1+y2+y3+y4....y10 = 100,000 (amount to be invested)

Solving in excel using the solver function the following solution is obtained:

Kindly check the second attached image for the table.

Thus the maximum return = $7056.25

Amount invested in different funds are:

Kindly check the Third attached image for the table.

4 0
4 years ago
A liability created when a business collects cash from customers in advance of providing services or delivering goods is called?
Bumek [7]
<span> <span>The liability created by receiving cash before providing the service or delivering the goods in question is called unearned revenue. In this case, the entity providing the goods/services records this transaction as revenue that has been generated but in real sense, the seller remains with the liability until after the actual delivery of the goods/services. The purpose of this practice can be advantageous to the seller in certain situations such as easing the burden of paying interest on debts.</span></span>
3 0
3 years ago
The company recorded $5,000 sales with 60% contribution margin ratio in 2019. According to the sales manager, the company can in
77julia77 [94]

Answer:

$150 Decrease

Explanation:

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                                      Present    Proposed

Sales                              $5,000    $5,350 [(5000+30%)-10%]

Variable 10%                  <u>$2,000</u>    <u>$2,000</u> (2000*130%)

Contribution Margin      $3,000    $3,250

Fixed cost                       <u>     -      </u>    <u>$400  </u>

Net Operating Income <u>$3,000</u>    <u>$2,850</u>

<u></u>

Effect on Net Operating Income = $2,850 - $3,000 = -$150

8 0
3 years ago
A(n) _____ helps domestic producers to compete against foreign imports. Group of answer choices ad valorem tariff specific tarif
Masteriza [31]

Answer:

Subsidy

Explanation:

Subsidies refers to the amount of money granted to the firms or business by the government of the home nation. There are various types of subsidies such as low-interest loans, cash grants, tax relief, etc. These allocation of subsidies helps the domestic firms to produce more output at a lower cost of production and compete in the world market. Subsidy is provided by the government to enhance and protect the domestic producers from the foreign competition.

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4 years ago
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