Answer:
a) 55%
b) Joint Probability
c) They are not mutually exclusive
Explanation:
Part 1 of the Question
First, we determine the formula for calculating the probabilities of Yellowstone Park and the Tetons as follows
Probability of Yellow Stone = <em>p(</em>Yellowstone)= 0.5 or 50%
Probability of Tetons = <em>p(</em>Tetons)= 0.4 or 40%
Probability of Both = <em>p(</em>Both)= 0.35 or 35%
Therefore, the probability of visiting at least one by a vacationer is as follows:
p(At least One) = <em>p(</em>Yellowstone or Tetons)
= <em>p(</em>Yellowstone) + <em>p(</em>Tetons) - <em>p(</em>Both)
= 50%+40%-35%
= 0.5+0.4-0.35
= 0.55 or 55%
Part 2 of the Question
First the probability of 35% represents the possibility of a vacationer visiting the two locations, hence, it can be called the percentage of intersection between Tetons and Yellowstone. It is also referred to as joint probability
Part 3 of the Question
Once event are mutually exclusive, it means they cannot be carried out or considered together. In other words, one becomes an alternate cost for the other. This means going to Yellowstone means the vacationer cannot go to Tetons and vice versa. In this situation, the joint probability will not be possible (0%). Since, we already know that there is a joint probability of 35%, it means <u>the events are not mutually excusive</u>
Answer:
The correct answer is:
A) Cash (Cash Budget)
B) Accounts receivable (Cash Budget)
C) Finished goods inventory (Operating Budget)
B) Accounts payable (Cash Budget)
D) Equipment purchases (Operating Budget)
Explanation:
The operating budget is a planning of the profits and expenses of a company for one or more than one period. It includes the expectations of other budgets on <em>payroll, cost of goods, </em>and <em>inventory</em>.
The cash budget is a plan for a business or individual's cash inflows and outflows. It is often considered the most important financial budget as it allows companies to better manage their cash positions and prevent unforeseen cash flaws. <em>Current cash, accounts payable and receivables</em> are taken into consideration for the projection of this budget.
Answer:
Applied overhead= $9,375
Explanation:
Giving the following information:
The job, BCB101, was begun in March. At the end of March, the job cost sheet for BCB101 showed direct materials of $6,000, direct labor of 200 hours at $75 per hour, and overhead of 50% of direct labor cost.
During April, John’s time ticket showed 50 hours on Job BCB101.
Applied overhead= (200*75)*0.5 + (50*75)*0.5= $9,375
Answer:
A
B
Explanation:
M1 is the most liquid definition of money. M1 includes currency and coin, demand deposits, travellers' checks, other checkable deposits
Savings account is part of M2
Answer: D.) 1.22
Explanation:
Price in 2010 = €126,000
Price in 2018 = €154,000
Increase = 154,000/126,000
= 1.22
