$6.00 + 1.50(x) ≤ $12.00
1.50 x ≤ $12 - 6
1.50 x ≤ 6
x = 6.00÷1.50
x= 4 hours
Answer:
$221,100
Explanation:
Given that,
Book value of equipment = $65,300
Sold at a loss = $14,000
Purchase of a new truck = $89,000
Sale of land = $198,000
Sale of Long term investment = $60,800
Cash flows from investing activities:
= Sale of Equipment - Purchase of a new truck + Sale of land + Sale of Long term investment
= ($65,300 - $14,000) - $89,000 + $198,000 + $60,800
= $51,300 - $89,000 + $198,000 + $60,800
= $221,100
Answer:Expected value = - 94661.45
Explanation:
The Policy pay out is $95000 ,if a client is in life threatening accident insurance company will loose $95000, if the client is not in a life threatening accident the insurance company will gain $250
Probability (Client is in a threatening accident) = 0.999063
Probability (not in a life threatening accident)= 1 - 0.999063 = 0000937
Insurance Premium = $250
Insurance Payout = $95000
expected value = 0.999063 x (- (95000 - 250)) + 0.000937 x (250)
expected value = 0.999063 x (-94750) + 0.000937 x (250)
expected value = - 94661.21925 + 0.23425 = - 94661.44675
expected value = - 94661.45
Answer:
FIFO
Explanation:
FIFO inventory system means the first purchased inventory are the first to be sold.
The LIFO inventory system means the last purchased inventory are the first to be sold.
The average cost inventory system means that the average cost of inventories are used as the cost of the goods sold.
For example, if a business has a beginning inventory of 5 biros at $2 each. On the first of December, the business purchased 10 pens at $2.50. On the 10th, 5 pens were purchased at $3. 15 pens are sold at $5 each. If the FIFO inventory system is used, the cost of goods sold would be = (5×$2)+(10×$2.50) = $35
Total revenue = $75
Net profit = $40.
If the LIFO inventory system is used, the cost of goods sold =(10 × $2.50) + (5×$3) = $40
Net profit = $35
The net profit is higher using the FIFO method.
I hope my answer helps you
