Answer:
Following are the solution to this question:
Explanation:
Calculating the cost of the product sold:
FIFO:
June 1: 23 units costing of 
each 
Aug 27: 23 units costing of each 
13 units costing of 
each 
Total cost of product sold
LIFO:
June 1: 23 units costing of each
Aug 27: 36 units costing of 
each = 540
Total cost of product sold 
Average cost:
June 1: 23 units costing of each
Aug 27: 36 units costing of 
each 
Total cost of product sold 
Having a solid structure or surface. Does this help?
Answer:
The correct answer would be $5
Explanation:
The formula to use is "Expected return to player" which is
E(x) = x.p(x)
where x is the return to player if they win
and p(x) is the probability of winning.
So here,
x = $100 (return to player for winning)
p(x) = 1/50 (probability of winning)
Therefore expected return to player is
E(x) = x.p(x)
= $100 x 1/50
= $100/50
= $2
Cost: $7
Expected return to player is $2.
Therefore Loss (to player) is Cost minus Expected return
= $7 - $2 = $5 <---- expected value for the carnival to gain,
The loss to the player is the carnival's gain. It's $5.
Answer & Explanation :
Bank Reconciliation Statement is prepared to reconcile (match) the differences between bank balance as per cash book & bank balance as per pass book, at end of an accounting period.
The differences may arise because of following reasons :
- Errors committed by firm or bank
- Cheques paid but not collected, upto the last date (added in cash book, but not in bank balance)
- Cheques issued but not yet presented for payment, upto last date (subtracted in cash book, but not in bank balance)
- Direct expenses & direct incomes settled by bank (done in bank balance, but not in cash book)
BRS involves starting with balance as per any book - cash book or passbook. Then, the adjustments for mismatch are done, to arrive at correct balance as per the other book.
Complete Question:
You find out that your aunt works for a defense manufactuing compnay that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. what kind of good is that; individual, merit, or public good?
Answer:
Public Good
Explanation:
It is public good as the contracts that the company has with the government is because that the government wants to invest in it as it is in the best interest of its people.
The central role of the government in any country is to bring prosperity and this is done by investing in infrastructure and meeting the expectations of its people by investing in different areas which includes defense, communication, transport, infrastucture development, education, health, etc. What we conculded is that the contract formed with the defense manufacturing company will be in the best interest of the people who have elected the government.
The company might be providing communication facilities associated with security to the natives which the government desires to achieve by contracting Defense Manufacturing company. So contract of the government with the defense manufacturing company is in the public good.
