Answer:
In 2015, the financial statements of Ultimate Medical Center reported $500,000 in total revenues and $145,000 in net income. The balance sheet showed net assets of $350,000. Calculate the operating margin ratio and the return on equity rate for Ultimate Medical Center.
Step-by-step explanation:
Answer:
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Answer:
D. on Edg 2020
Step-by-step explanation:
You are welcome, I helped better than that other guy!!!
If one is to choose among given choices and the order is not important, we use the concept of combination. First, we calculate for the sample space or number available since there is a total number of 12 electives and a student may choose 2 out of them.
S = 12C2
That is "the sample space is equal to combination of 12 taken 2". The answer to this is equal to 66.
Next, we determine the number of outcomes. The equation will be,
O = (5C1) x (3C1)
That is "outcome is equal to combination of 5 taken 1 times combination of 3 taken 1". This is equal to 15. The probability is equal to,
P = O/S
Substituting,
P = (15/66) = 0.227270
The answer to this item is the third choice.