True or false? A value hypothesis explains the reasons why a customer may choose not to use a product.

Two guys walk into a bar; the third one ducks. If these three men acted independently, and the probability is 0.7 that a person

allsm [11]

Answer:

$0.063$

Explanation:

Given

Probability of a person to not enter into a bar or ducking is $0.7$

Probability of a person to enter into a bar

$1 -$ (Probability of a person to not enter into a bar or ducking)

Substituting the given value, we get

Probability of a person to enter into a bar

$= 1 - 0.7 \\= 0.3$

Total three men attempts to enter into the bar and their course of action is independent of each others

Thus, probability of observing the first two walking into the bar and the third ducking will be equal to the product of individual probabilities

$= 0.7 * 0.3 * 0.3\\= 0.063$

7 0

4 years ago

The journal entry for the purchase of inventory on account using the perpetual inventory system is

alexandr1967 [171]

Answer:

D. Merchandise Inventory xxx

Accounts Receivable xxx

Explanation:

The Journal Entry is shown below:-

Merchandise Inventory A/c Dr, xxx

To Accounts Payable xxx

(Being purchase of inventory on account is recorded)

Therefore inventory is purchased so it will increasing assets, it is debited while accounts payable is increasing liabilities so it is credited.

5 0

3 years ago

What is an important task for a manager of a condominium or cooperative?

Arte-miy333 [17]

<span>Those who manage condominiums or cooperatives need to make sure they do so in a way that keeps the value up. A condo or cooperative is a high end living area for many and they expect to receive the value they pay for. Managers are trained on how to act professional and keep the condominiums up to date to make sure they attract their intended audience. </span>

4 0

3 years ago

The following information applies to the questions displayed below.] McAllister, Inc. employs a normal costing system. The follo

alexgriva [62]

Answer and Explanation:

The computation is shown below:

Given that

Total manufacturing costs = $1,310,000

Cost of goods manufactured = $1,275,500

Applied manufacturing O.H = 30% of manufacturing costs

= 0.3 of 1,310,000

= $393,000

(1)

The direct labor cost is

80% of direct labor cost = Applied overhead

So direct labor cost = $393,000 ÷ 80%

= $491,250

(2) The total cost of direct material is

As we know that

Total manufacturing costs = Direct materials + Direct labor + Applied Overhead

So,

Direct materials = Total manufacturing costs - Direct labor - Applied overhead

= $1,310,000 - $491,250 - $393,000

= $425,750

(3)

The Ending work in process inventory is

As we know that

Cost of goods manufactured = Beginning work in process + Total manufacturing costs - Ending work in process

Le us s assume X to be ending work in process

Beginning work in process = X × 75% = 0.75X

Now

$1,275,500 = 0.75X + $1,310,000 - X

X = $138,000

6 0

3 years ago

Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associ

Mariana [72]

Answer - B. Riding Stable

She only worked as a short-order cook over three summers, so she does not have enough experience or expertise to run a restaurant or fast food franchise of her own. Not to even add that she hates the work.

Also, as an associate degree holder, she does not have enough academic qualification to set up a legal research firm. However, setting up a riding stable does not require academic qualifications; moreover, she loves riding and spends every spare minute helping her uncle with his three horses.

5 0

3 years ago

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