Answer: Expected value = $2.034
Explanation:
Total outcome = 52
Favorable Outcome = 8
Probability of drawing a card with a value of three or less = 
= 
= 
Probability of drawing a card with a value of more than three = 1 -
= 
Hence,
Expected value = 
= 22.338 - 20.304
= $2.034
When a company exchanges 200 shares of stock worth $20 each for 100 shares worth $40 each, they are using reverse stock split.
A reverse stock split is a corporate action in which a firm or a company reduces the number of shares it has outstanding by a set multiple. For example, if a company announces a reverse stock split of 1:50, this means that once the split occurs investors will receive one share for every 100 shares they own.
Answer:
$1,574,000
Explanation:
Cash collections from customers during the period using direct method is computed as;
= Credit sales + Beginning accounts receivables - Ending accounts receivables
= $1,696,000 + ($175,000 - $297,000)
= $1,692,000 - $122,000
= $1,574,000
According to credit in a 15-per week course, one must study 2-3 hours a week with a plan. Because 1 credit is equal to ten hours of study, so 3 credits equal to 30 hours per week.
<h3>What are the benefits of studying daily?</h3>
Good studies give a potential to study, and it builds confidence to students to perform better in the academic.
Studying regularly helps to keep the mind sharp and upgrade the ability of the person to gain more knowledge from other students.
Thus, According to credit in a 15-per week course, one must study 2-3 hours a week with a plan.
For more details about benefits of studying, click here:
brainly.com/question/18850728
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Answer:
Cost-plus-fixed-fee pricing
Explanation:
Cost-plus-fixed-fee pricing is when the contractor specifies the expenses of a project and a fixed fee for the services that provides which allows the contractor to earn a profit. In this type of pricing, the overall cost of the project is determined at the end and all the authorized costs are paid to the contractor in full. According to this, the answer is that these contractors use cost-plus-fixed-fee pricing to compensate them for any cost overruns.
