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3 years ago

Choose the correct statements.

Business

1 answer:

omeli [17]3 years ago

4 0

Answer:

The answer is below

Explanation:

Considering the available options, the correct statements are:

1. A random variable is a quantitative or qualitative outcome that results from a chance experiment.

2. A probability distribution includes the likelihood of each possible outcome or random variable.

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You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you c

nadya68 [22]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cash flow= $500

Number of months= 50

Monthly interest rate= 0.07/12= 0.00583

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {500*[(1.00583^50) - 1]} / 0.00583

FV= $28,928.06

Now, the present value:

PV= FV/(1+i)^n

PV= 28,928.06/(1.00583^50)

PV= $21,631.67

5 0

3 years ago

Is ged the same as graduating high school?

pashok25 [27]

Passing the GED tests can result in a credential that's commonly considered equivalent to a high school diploma

3 0

4 years ago

During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labo

olchik [2.2K]

Answer:

Beginning work in process= $7000

Explanation:

Giving the following information:

Cost of goods manufactured by $112,000.

Direct materials cost of $52,000

Direct labor cost of $37,000.

Overhead cost of $26,000.

The work in process balance at June 30 equaled $10,000

Work in process on June 1?

Cost of goods sold= Beginning work in process + direct material + direct labor + manufacturing overhead - ending work in process

112000= ? + 52000 + 37000 + 26000 - 10000

Beginning work in process= 112000 - 52000 - 37000 - 26000 + 10000= $7000

7 0

3 years ago

The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal utility begins to diminish a

Sonja [21]

Answer:

third

Explanation:

The utility for consuming the first donut is 9 utils.

The utility for consuming the second donut is the difference from the total utility for the first two and just the first donut.

$U_2 = 19-9 = 10\ utils$

The utility for consuming the third donut is the difference from the total utility for the first three and just the first two donuts.

$U_3 = 30-19 =11\ utils$

The utility for consuming the fourth donut is the difference from the total utility for the first four and just the first three donuts.

$U_4 = 38-30 =8\ utils$

Since the utility for the 4th donut is less than the utility for the 3rd donut, utility begins to diminish after consuming the third donut.

6 0

3 years ago

Alto Company issued 7% preferred stock with a $100 par value. This means that:

RideAnS [48]

Answer:

Option "C" is the correct answer to the following question.

Explanation:

Given:

Issue price of share = $100

Market price per share = $100

Preferred stock dividend rate = 7%

Computation of dividend per year :

Dividend per year = Issue price of share × Preferred stock dividend rate

Dividend per year = $100 × 7%

Dividend per year = $7

Dividends are always paid to preferred stock at fixed rates at face value.

7 0

4 years ago

Read 2 more answers