1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
likoan [24]
3 years ago
8

The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w

inner is drawn at random. Find the expected value of the purchase of a ticket. (Use a negative sign in your answer, if necessary.)
Business
2 answers:
Illusion [34]3 years ago
5 0

Expected value of the purchase of a ticket would be $3.00.

<u>Explanation</u>:

Given,  

Raffle ticket costs = $5.00.  

The prize = $200.  

One hundred tickets are sold = 100 × 5  

                                                  = $500.00  

champ is drawn and given the prize of worth $200.  

                           $500 - $200 = $300  

So the normal estimation of the bought ticket = $3.00  

The expected estimation of the acquisition of a ticket would be $3.00.

   

drek231 [11]3 years ago
4 0

Answer:

$3.00

Explanation:

500 - 200 = 300.

You might be interested in
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
nadezda [96]

Answer:

The correct answer is option (c) $264 underapplied

Explanation:

Given data;

Direct labour hour = 22160

Total Manufacturing overhead cost= $585,024

Actual direct labor hour = 22150

Actual Manufacturing overhead cost = $585024

Calculating the Predetermine overhead rate using the formula;

Predetermined Overhead rate=Total Overhead Cost/Total Direct Labor Hour

Predetermined Overhead rate = $585024/22160

                                                      =$26.4 per labor hour

To determine the under-applied amount of overhead cost, we use the formula;

Under−Applied amount= Estimated Overhead Cost*Actual Overhead Cost

Substituting into the formula, we have

                          (22150*26.4)-585024

      Under applied  = $ 264

                       

8 0
2 years ago
Which of the following statements regarding direct finance is true​? A. In the United​ States, more funds flow through the direc
NemiM [27]

Answer: Option D

Explanation: In simple words, direct finance refers to the situation when the borrowers borrows money directly from lenders, and do not consider taking help from any intermediary. In other words, when the issuers in the financial market sell their securities directly to the general investors then such financing is termed as direct financing.

This financing is cheaper and benefits both he lender and the borrower. Hence we can conclude that the correct option is D.

   

8 0
3 years ago
A corporation is concerned about their exposure to criminal liability after the most recent election cycle placed a number of ne
Angelina_Jolie [31]

Answer:

The strategy that would be least effective in reducing the company's criminal liability is:

D. It could donate to the election campaigns of the new members of Congress to establish goodwill.

Explanation:

While the other three options will effectively reduce the company's criminal liability exposure, option D is the least that is likely to have a positive or effective effect.  This implies that option D is most likely to aggravate the criminal liability of the company as it will be regarded as bribery to cover up a crime.

4 0
3 years ago
Best Appliances owns​ 90% of the voting stock of​ Wratchet, Inc. Which of the following is​ true? A. Wratchet would be considere
djverab [1.8K]

Answer:

B. Best would be considered the parent entity.

Explanation:

When a company owns another companies stock of 90% or more it would be considered as parent entity. The parent entity can control the the subsidiary. The financial statements will be consolidated into parents companies accounts.

6 0
3 years ago
Ayala Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based)
GalinKa [24]

Answer:

1) Part 1. Operating Income = Revenue - Operating cost

=201,000 - 56,000

=$145,000

Part 2.  Operating Income = Revenue - Operating cost

= 159,000 - 55,000

= $104,000

Part 3. Operating Income = Revenue - Operating cost

= 89,000 - 15,000

=$74,000

2. Part 1. Operating Income = Revenue - Operating cost

=201,000 - 45,600

=$155,400

Part 2. Operating Income = Revenue - Operating cost

=159,000 - 25,000

=$134,000

Part 3. Operating Income = Revenue - Operating cost

=89,000 - 55,400

=$33,600

7 0
3 years ago
Other questions:
  • Clement applies for a home loan at Global Bank Inc. As part of the process, he provides his personal details to the banker who i
    11·1 answer
  • Which non-verbal facial expression is not recognized worldwide?
    12·2 answers
  • Interest can be regarded as the Group of answer choices
    7·1 answer
  • To take into consideration demand uncertainty in reorder point (R) calculations, what do we add to the product of the average da
    14·1 answer
  • What are examples of the factors of production that affect the output of a car repair shop?
    9·2 answers
  • Slaq Computer Company manufactures notebook computers. The economic lifetime of a particular model is only four to six months, w
    14·1 answer
  • You are going to form a portfolio with stocks A &amp; B with the following information: Stock Expected Return Standard Deviation
    5·1 answer
  • Adamson Corporation is considering four average-risk projects with the following costs and rates of return:
    15·1 answer
  • Crane Company estimates its sales at 80000 units in the first quarter and that sales will increase by 8000 units each quarter ov
    9·1 answer
  • A company makes $200,000 in a year and has $150,000 in production costs, leaving them with $50,000. The $200,000 represents
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!