Hi mkahn :)

The jackson family is undecided about whether or nara buy a new car of the

The question is incomplete. The complete question is :

The Jackson family is undecided about whether or not to buy a new car. If the probability is .9 that they will buy one, and if the probability is .3 that they will buy a Ford, and if the probability is .4 that they will purchase a car getting more than 20 miles per gallon, what is the probability that they will buy either a car getting more than 20 miles per gallon or a Ford, if all Fords get more than 20 miles per gallon?

Solution :

Given that :

The probability of buying a new car, $P(NC) = 0.9$

Probability of buying Ford = 0.3

That is, if Jackson family buy a car that is a ford car, $P(F) = 0.9 \times 0.3$

= 0.27

The probability for getting more than 20 miles per gallon = 0.4

That is if Jackson family buy a car that have more than 20 miles per gallon mileage, $P(20) = 0. 9 \times0.4=0.36$

The conditions

All of the car have more than 20 miles per gallon mileage.

It means that buying a ford car is subset of getting more than 20 miles per gallon.

$P(20 \text{ miles per gallon}\ \cap \ \text{Ford})=P(F)$

Therefore, the probability of buying a car either getting more than 20 miles per gallon or ford = $P(20 \text{ miles per gallon}\ \cup \ \text{Ford})$

Therefore,

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(20 \text{ miles per gallon }\cap \ \text{Ford})$

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(F)$

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20)$

= 0.36

Thus the probability that Jackson family is buying a car either getting more than 20 miles per gallon or ford is 0.36

3 0

3 years ago

Why is it important to make mistakes?

ss7ja [257]

It is important to make mistakes because that is how we learn from them. We become better as person from making a mistakes.

5 0

3 years ago

On May 3, 2020, Concord Company consigned 80 freezers, costing $540 each, to Remmers Company. The cost of shipping the freezers

NeX [460]

Answer:

a) $22,010

b) $3,780

c) $25,790

Explanation:

a) In calculating the value of inventory still left, the total value needs to be calculated first,

= (80 freezers * $540) + $820 ( transport fees)

= 43,200 + 820

= $44,020

40 out of 80 freezers have not been sold so,

= 40/80 * 44,020

= $22,010

b) In calculating the profit, subtract the expenses from the sales

Sales = 40 * 700

= $28,000

= 28,000 - Cost of refrigerators - commission of 6% of sales - advertising - installation

= 28,000 - 22,010 - (28,000*0.06) - 180 - 350

= $3,780

c) The amount remitted by the consignor will be,

= Sales - commission - advertising - installation

= 28,000 - (28,000 * 0.06) - 180 - 350

= $25,790

7 0

3 years ago

Morganton Company makes one product, and it provided the following information to help prepare the master budget for its first f

Lilit [14]

Answer and Explanation:

1)

BUDGETED SELLING PRICE $ 70 *

BUDGETED UNITS IN JULY 22000

BUDGETED SALES $ 1,540,000

2)

SALES

CASH 40% $ 616,000

CREDIT 60 % OF PREVIOUS MONTH $ 382,200

RAW MATERIAL

RAW MATERIAL PURCHASES COST

40 % PAID NOW JULY $260900 $ 104,360

60 % PREVIOUS MONTH JUNE $ 159980 $ 95,988

LABOR

$12 PER HOUR * (24980 * 2)$ 599,520

VARIABLE EXPENSES $ 37,400

($1.70 * 22000)

FIXED EXPENSES $ 61,000

CASH INFLOW $ 99,932

3)

SALES IN JULY $ 1,540,000

60 % OUTSTANDING $ 924,000

4) 2980 UNITS SHOULD BE PRODUCED

JUNE JULY AUGUST SEP

SALES UNIT 9100 22000 24000 25000

CLOSING UNITS4400 4800 5000 -

20% OF NEXT MONTH SALE

OPENING UNITS - 1820 4400 4800

20% OF PREVIOUS MONTH SALE

FINISHED GOODS REQUIRED

13500 24980 24600 20200

SALES + CLOSING - OPENING

RAW MATERIAL REQUIRED

54000 99920 98400 80800

FINISHED GOODS REQUIRED * 4

CLOSING UNITS9992 9840 8080 -

10% OF NEXT MONTH NEEDS

OPENING UNITS - 5400 9992 9840

10% OF PREVIOUS MONTH NEEDS

RAW MATERIAL PURCHASES

63992 104360 96488 70960

5 0

3 years ago

Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would increa

torisob [31]

Answer:

a) $ 40,480

b) 17.60%

Explanation:

Working:

a. Increase in sales a 2,30,000

Less:

Bad debts expenses

b=a*5% 11,500

Collection costs

c=a*2% 4,600

Production ans selling costs

d=a*71% 1,63,300

Earning before tax

e=a-b-c-d 50,600

Less: Tax @ 20%

f=e*20%

10,120

Net Income 40,480

b)Return on sales

Net Income/Sales

40480/230000

17.60%

6 0

3 years ago