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cricket20 [7]
1 year ago
9

136 cars were sold during the month of april. 78 had air conditioning and 68 had automatic transmission. 56 had air conditioning

only, 46 had automatic transmission only, and 12 had neither of these extras. what is the probability that a randomly selected car had automatic transmission or air conditioning or both?
Business
1 answer:
Annette [7]1 year ago
4 0
Let us see how many cars had both of these 2 extras; since there were 78 cars with air conditioning and 56 with airconditioning only, we get that there were 22 cars with both of these features (automatic transmission/ air conditioning). If we add the cars that had only AC and the cars that had only AT, as well as the cars that had both, we get all the cars that satisfy the described event. This is equal to 56+46+22=124. Thus, the probability is given by 124/136=91.2%.
We could also claim that since 12 of the cars do not have any of the features, any of the remaining 136-12 cars would have at least one feature; hence the probability would be given by (136-12)/136 and we have obviously the same result.
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Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
Lerok [7]

Answer:

What unit values should Herman use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending inventory?

  • Product 1: $26 (cost)
  • Product 2: $86 (NRV)
  • Product 3: $56 (cost)

Explanation:

                                    Product 1       Product 2       Product 3

Cost                                  $26                $96                $56

Selling price                     $58               $138                $88

Costs to sell                       $6                 $52                $16

net realizable value         $52                $86                $72

which is lower?            $26 (cost)      $86 (NRV)      $56 (cost)

the net realizable value = selling price minus any costs associated to the sales process

7 0
2 years ago
Dibert Inc. has provided the following data concerning one of the products in its standard cost system.Inputs Standard Quantity
Soloha48 [4]

Answer:

Option (C) is correct.

Explanation:

Actual output = 5100 units

Actual direct labor-hours = 3,380 hours

Actual direct labor cost = $74,698

The  labor rate variance:

= (Actual Hours × Actual rate ) - ( Actual Hours × Standard Rate)

= $74,698 - ( 3,380 Hours × $20.40 Per Hour)

= $74,698 - $68,952

= $5,746 U

Since, the Actual is more than the Standard, the Variance is Unfavorable

Hence, the correct answer is $ 5,746 U

5 0
2 years ago
Utility theory is the study of the __________ or relative desirability of a particular outcome that reflects the decision maker’
olga55 [171]

Answer:

Utility theory is the study of the entire value or comparative attraction of a specific result that imitates the decision maker's attitude to an assortment of influences such as profit, loss and risk.

Consequently it is not only the economic wellness as diverse aspects add diverse utilities for unlike individuals.

Thus a) Total worth is the right answer, as we try to exploit the entire utility for that individual here and each individual has a diverse utility purpose that is each individual values it inversely.

6 0
2 years ago
Read 2 more answers
The balance sheet of Flo's Restaurant showed total assets of $600,000, liabilities of $160,000 and stockholders’ equity of $540,
telo118 [61]

Answer:

C. $250000

Explanation:

Given:

Total assets = $600,000

Liabilities = $160,000

Stockholders’ equity = $540,000.

Fair value of the restaurant assets = $680,000

Alice Company pays = $770,000

Goodwill is when a company looking to acquire another company is willing to pay a price significantly higher than the fair market value of the company’s net assets.

Net Assets = Fair value of assets - Total Liabilities

= $680000 - $160,000

= $520,000

Amount of Goodwill = cash paid - net assets

= $770,000 - $520,000

= $250000

4 0
2 years ago
A company is creating three new divisions and seven managers are eligible to be appointed head of a division. How many different
Orlov [11]
4 ways, hope it helps buddy
8 0
2 years ago
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