The two groups in a mixed market economy are?

Ward Doering Auto Sales is considering offering a special service contract that will cover the total cost of any service work re

kodGreya [7K]

Answer:

a. The probability that any one customers service costs will exceed the contract price of $200 is 0.0228

b. Warda expected profit per service contract is $50

Explanation:

a. In order to calculate the probability that any one customers service costs will exceed the contract price of $200 we would have to calculate first the z value as follows:

z=x-μ/σ

z=$200-$150/$25

z=2

Therefore, probability that any one customers service costs will exceed the contract price of $200 is p(x>$200)=p(z>2)

=1-p(z≤2)

=1-0.9772

=0.0228

The probability that any one customers service costs will exceed the contract price of $200 is 0.0228

b. To calculate Warda expected profit per service contract we would have to make the following calculation:

Warda expected profit per service contract=service charge per contract-expected cost

Warda expected profit per service contract=$200-$150

Warda expected profit per service contract=$50

Warda expected profit per service contract is $50

4 0

3 years ago

Mary is a line cook at a restaurant and unknowingly has a highly contagious disease, "Syfoid." She hasnâ€™t shown any symptoms h

uysha [10]

Answer: b. Possibly, because she was deprived of her liberty without due process.

Explanation:

Mary has a Constitutional right to due process which means that she should get the opportunity to contest her quarantine. This right is enshrined in the 5th Amendment which asserts that the Federal Government may not deprive a person of their freedoms without due process.

The CDC as a Federal Government arm even when acting in the interest of the people, should give Mary the chance to contest her quarantine so that she may at least see for herself that she might indeed be the source of a deadly disease.

3 0

3 years ago

Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current liabilities 28,000 Inventories 210,000 Total CL $ 70,00

Tcecarenko [31]

Answer:

The ROE will increase by 7.69% to 14.29% from 7.5%

Explanation:

Current liabilities:

account payable 42,000

Other 28,000

Total Liabilities: 70,000

IF we want a current ratio of 2.3 then:

70,000 x 2.3 = 161,000 Current assets are needed.

Right now, the companny has 294,000 current assets so it will make inventories decrease by:

294,000 - 161,000 = 133,000

Then with that will purchase common stock:

280,000 - 133,000 = 147,000 common stock will be outstanding

The Return on equity will be:

21,000 / 147,000 = 0.142857 = 14.29%

While currently the ROE is:

21,000/280,000 = 0.075 = 7.5%

There will be an increase for: 14.29 - 7.5 = 6.79%

3 0

3 years ago

A health and fitness startup company goes for an initial public offering. For assistance, it enters into a firm commitment arran

mojhsa [17]

Answer:

"Underwriting " is the correct answer.

Explanation:

Underwriting seems to be the mechanism whereby an entity or organization assumes an investment burden at a cost, is indeed the mechanism for a mortgage company to determine the danger of extending credit to customers.
The above word stemmed from the custom of making increasing uncertainty-taker put their names below the total degree of responsibility individuals were inclined to acknowledge for something like a defined bonus.

So that the above is the appropriate answer.

4 0

3 years ago

What do you understand by financial intermediaries?

GrogVix [38]

Answer:

A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction, such as a commercial bank, investment bank, mutual fund, or pension fund.

<h3>PLEASE MARK ME BRAINLIEST.</h3>

7 0

3 years ago