A survey asks 1200 workers, "Has the economy forced you to reduce the amount of vacation you plan to take this year?" Forty-six percent of those surveyed say they are reducing the amount of vacation. Twenty workers participating in the survey are randomly selected. The random variable represents the number of workers who are reducing the amount of vacation. Decide whether the experiment is a binomial experiment. If it is, identify a success, specify the values of n, p, and q, and list the possible values of the random variable x. Is the experiment a binomial experiment?
Answers
Answer:
It is a binomial experiment.
A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this year.
The random variable x can assume any value from 0 to 20, inclusive.
Explanation:
For the question that is asked to the workers( "Has the economy forced you to reduce the amount of vacation you plan to take this year?") there are two possible answers, only two possible outcomes. So yes, it is a binomial experiment.
If it is, identify a success, specify the values of n, p, and q, and list the possible values of the random variable x.
A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this year.
n is the amount of workers that participate in the survey. So
p is the decimal probability of a success. Forty-six percent of those surveyed say they are reducing the amount of vacation. So
q is the decimal probability of a failure. The sum of the probability of a failure and a success must be decimal 1. So
The values of the random variable x are the number of workers that say they are reducing their amount of vacation. 20 workers are surveyed, so the random variable x can assume any value from 0 to 20, inclusive.
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Vilas Company is considering a capital investment of $183,600 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $10,557 and $51,000, respectively. Vilas has a 12% cost of capital rate, which is the required rate of return on the investment.Required:a. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.)b. Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 10.52%)c. Using the discounted cash flow technique, compute the net present value.
Job Costing Budgeted Manufacturing Overhead Rate, Allocated Manufacturing Overhead Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2017: Budgeted manufacturing overhead costs $3,800,000 Budgeted machine-hours 200,000 Actual manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. Requirements 1 Calculate the budgeted manufacturing overhead rate. 2 Calculate the manufacturing overhead allocated during 2017. 3 Calculate the amount of under- or overallocated manufacturing overhead. a. Enter your answer as a positive value.
Exercise 23-21 Emeric and Ellie’s Painting Service estimates that it will paint 15 small homes, 10 medium homes, and 3 large homes during the month of June 2017. The company estimates its direct labor needs as 40 hours per small home, 76 hours for a medium home, and 134 hours for a large home. Its average cost for direct labor is $29 per hour. Prepare a direct labor budget for Emeric and Ellie’s Painting Service for June 2017.
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Answers
One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $500 per month. you will charge 1.40 percent per month interest on the overdue balance. if the current balance is $13,000. 31.5, long will it take for the account to be paid off.
Information provided:
- Present value=$13,000
- Monthly repayment=$500
- Interest rate = (1.40% or 0.014) per month
- n = number of periods
The formula was the rearrange in systematic way:
PV = PMT x [(1 - / r]
n = -log(1 - (PV x r) / PMT) / log(1 + r)
n = -log(1 - (13000 × 0.014) / 500) / log(1 + 0.014)
= 31.5
As a result, the significance of the long will it take for the account to be paid off are the aforementioned.
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Answer:
2.71 years.
Explanation:
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Except under very exceptional circumstances, the only ratio that makes up ROE that can be negative is the profit margin ratio. As a result, the asset turnover ratio continues to be positive and shows the amount of sales produced for each dollar of assets owned by the organization.
What is profit margin ?
One of the often used profitability statistics to determine how profitable a business or line of business is is profit margin. It displays the proportion of sales that have generated profits. Simply put, the percentage value represents the amount of profit the company made on each dollar of sales. For instance, if a company states that it had a 35% profit margin during the most recent quarter.
Different profit margins come in different forms. However, in common usage, it typically refers to net profit margin, which is a company's bottom line after all other costs, such as taxes and one-time charges, have been deducted from revenue.
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Explanation:
The profit margin ratio is the only ratio that makes up ROE that can be negative (except in relatively rare cases). ... Therefore, Asset turnover ratio still represents the amount of sales that is generated for each dollar of assets the company owns and always is positive.
Answers
Answer:
The correct answer is b. after taxes minus preferred dividends.
Explanation:
Net profit:Add all the revenues of the firm and deduct all the expenses of the firm. If the amount come in positive, the firm earns profit else suffered loss.
In mathematically,
Net profit = Sales revenue - all expenses
The earning which is available to shareholders is net profit after paying preference dividend to preference shareholders.
As first we have to pay the dividend to preference shareholders then we distribute the income to equity shareholders.
In mathematically,
EBIT - taxes - Preferred dividend
Hence, the correct option is b. After taxes minus preferred dividends.
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Answer:
disposable income minus consumption expenditure
Explanation:
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Answer:
For this calculation we need to use the Effective Annual Yield Formula.
EY = (1 + r/n)^n - 1
Where:
- EY = Effective annual yield
- r = coupon rate
- n = number o periods the coupon rate is compounded per year
Plugging the amounts into the formula we obtain:
EY = (1 + 0.06/2)^2 - 1
EY = 0.062
EY = 6.2%
To obtain the effective semi-annual yield, we simply divide the effective annual yield by two:
= 0.062/2
=0.031
Effective semi-annual yield = 3.1%
In this case, we would not invest in the bond because the effective semi-annual yield does not reach the required 4%.
Explanation:
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Answer:
Services.
Explanation:
As it is been explained to be a individual or organizational performance, which directly holds certain forms of benefit to many. It also can be said to be a transaction during which no physical goods are transferred from the vendor to the customer. It holds certain advantages of such a service are held to be demonstrated by the buyer's willingness to create the exchange. Public services are those who society (nation state, fiscal union or region) as an entire pays for. Using resources, skill, ingenuity; service providers benefit service consumers.