Answer:
$30,000.
Step-by-step explanation:
Wave Corporation began the current year with a retained earnings balance of $25,000.
Depreciation expense was of $5000
During the current year, the company earned net income of $15,000
Also gave cash dividends of $5,000.
So, year end retained earnings will be :
Year end retained balance = total net income minus net losses and dividends.
dollars
The answer is $30,000.
Answer:
There is a 99.99998% probability that at least one valve opens.
Step-by-step explanation:
For each valve there are only two possible outcomes. Either it opens on demand, or it does not. This means that we use the binomial probability distribution to solve this problem.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinatios of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
In this problem we have that:
Calculate P(at least one valve opens).
This is
Either no valves open, or at least one does. The sum of the probabilities of these events is decimal 1. So:
So
Finally
There is a 99.99998% probability that at least one valve opens.