Answer: $60
Explanation:
From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.
The expected winning bid if there are four bidders goes thus:
Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.
The expected winning bid will now be:
= ($50 × 1/2) + ($70 × 1/2)
= ($50 × 0.5) + ($70 × 0.5)
= $25 + $35
= $60
Answer:
B
Explanation:
Year end - December 31,2018 (first account year)
Pretax Income - $640,000
Interest expenses ( $20,000)
Excess warranty expense add back $45,000
Excess depreciation deducted ($120,000)
Taxable income = $545,000
Tax rate = 40%
Income tax expense for 2018 = $545,000 * 40%
=$218,000
Answer:
price fixing agreement
Explanation: Price fixing is an agreement (written, verbal) among competitors to sell a product, service, or commodity only at a fixed price. These competitors who agree to this agreement are responsible for raising, lowering, or stabilizing prices according to their competitive terms. Generally, consumers make choices to what products and services to buy, and they expect that the price should be determined freely on the basis of supply and demand, not by an agreement among competitors. in this type of case, prices tend to be higher which is a major concern for the consumers.
Answer: Select the correct answer, then click on Check. Statement: "This is Unit 1, we have a 10-37, Code 2." Does this statement comply with the NIMS Management Characteristic of common terminology? Yes No
Explanation:
The National Incident Management System (NIMS) establishes good practices to adopt during an emergency.
One of the elements of this system is that common terminology be used between existing facilities and emergency response bodies such as the police, emergency medical personnel etc. This is to ensure that communication is clear and easily understood without getting confused by industry specific terminology.
