It is asserted that 80% of the cars approaching an individual toll booth in New Jersey are equipped with an E-ZPass transponder. Find the probability that in a sample of six cars:
a. All six will have the transponder.
b. At least three will have the transponder.
c. None will have a transponder.
Answers
Answer: a. 0.262
b. 0.983
c. 0.00
Explanation:
a. The probability that all six will have the transponder is 0.262
b. The probability that at least three will have the transponder is 0.983
c. The probability that none will have a transponder is 0.00
Check attachment for further explanation.
Related Questions
Organizational management is
Answers
Answer:
it is the process of structuring, planning and directing the resourxes and members of the organization to ahieve its goal.
Explanation:
basically, planning and organizing a company so it can reach its goals
Answer:
Organizational management is the process of structuring, planning, and directing the resources and members of the organization to achieve its goal. In the world of business, the end goal is pretty much the same - to make a profit for the organization's owners.
Explanation: In simpler terms, ... is the art of getting people together (gathering) on one or a common platform (place) and work towards a goal. The process of doing so in order to get to your goal.
. What is meant by international competitiveness? How does this concept apply to a firm, an industry, and a nation?
Answers
Answer: International competitiveness compares the economy at the national, firm and regional levels.
Explanation:
International competitiveness at the national level measures the degree to which a country can observe the free and fair market conditions and expand the income of the citizens.
International competitiveness at the firm level is the ability of the firm and industry is to concentrate their strength to compete with other firms or industries in the international market.
Which of the following editors would handle a copyright issue?
a: managing editor
b: assignment editor
c: macro editor
d: micro editor
Answers
Answer:
Managing Editor
Explanation:
Im a smart boy
Answer:
a
Explanation:
You purchased 100 shares of common stock on margin for $35 per share. The initial margin is 60%, and the stock pays no dividend. What would your rate of return be if you sell the stock at $30 per share
Answers
Answer:
Rate of Return=-23.80%
Explanation:
Calculation for the rate of return
First step is to calculate the investment
Investment=100($35 per share )(0.60)
Investment= $2,100
Second step is to calculate gain on stock sale
Loss on stock sale = ($30 - $35)(100)
Loss on stock sale = -$500
Last step is to calculate the rate of return
Using this formula
Rate of Return =Loss on stock sale/Investment
Let plug in the formula
Rate of Return=(-$500/$2,100)
Rate of Return = -0.2380*100
Rate of Return=-23.80%
Therefore the Rate of Return will be -23.80%
Suppose you sell short Apple.Inc which is currently trading at $100 per share. You put $20,000 as cash into your brokerage account with an initial margin of 50%. The maintenance margin is 25%. a. How many shares of Apple can you sell short? (8 pts) b. How far can the stock price increase before you get a margin call? (12 pts)
Answers
Answer:
A. 400 shares
B. 400 shares
Explanation:
You can calculate the amounts required in Requirement A and B by using their formulas given below.
No.of shares you can short = Cash Available/(Initial Margin*Price per share)
No.of shares you can short = 20,000/(50%*100)
No.of shares you can short = 400 shares
Price = Amount borrowed with interest/ No. of shares) / ( 1- Maintenance margin)
Price = (20,000/400)/(1-25%)
Price = 50/0.75
Price = 66.66
What is the amount of Byron’s deduction assuming that he had purchased the stock for $10,500 last year on August 7, and the stock had a fair market value of $13,800 when he made the donation?
Answers
Answer: $10500
Explanation:
In a situation whereby an ordinary income property is being contributed for charitable purpose such as in the case of Bryon in the question, the deduction will be limited to the adjusted basis of the stock purchased.
The stock hasn't met the requirement for long term capital gain as it's for a short period and also less than a year. Assuming the stock was sold at that particular time the donation was made, he'll have made a gain of ($13,800 - #10,500 = $3,300).
Based on the above explanation, Byron’s charitable contribution deduction will then be:
= $13,800 – $3,300
= $10,500
Far Side Corporation is expected to pay the following dividends over the next four years: $10, $9, $7, and $2. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 16 percent, what is the current share price
Answers
Answer:
$32.61
Explanation:
The stock price is the present value of all future expected dividends plus the present value of dividend terminal value as computed below:
Present value of dividend=expected dividend/(1+required return)^n
n is the year in which the dividend is expected, for the n for a dividend of $7 is 3 since it is expected in year 3.
Terminal value=year 4 dividend*(1+growth rate)/(required return-growth rate)
Terminal value=$2*(1+6%)/(16%-6%)=$21.20
price of stock=$10/(1+16%)^1+$9/(1+16%)^2+$7/(1+16%)^3+$2/(1+16%)^4+$21.20/(1+16%)^4
price of stock=$32.61
Explain why for many mass produced goods the private marginal cost is less than 3/4 of average unsunk cost in a period that includes the year before and the year after production starts.
Answers
Answer:
Marginal cost is equal to private marginal cost. The private marginal cost is less than 3/4 of average sunk cost then the marginal returns are not equal to marginal cost.
Explanation:
Every business exist to earn profits. There will be profit maximization for a business when marginal cost equals the marginal cost. The sunk cost is not considered when analyzing a business operation as it is a cost which cannot be recovered anyway. If the sunk cost is 3/4 of average marginal cost then the returns will be lower and perfect equilibrium will not be reached.
A potato shortage results in an increased variable cost per potato of $.40, but selling prices remained unchanged. How many additional potatoes will the vendor have to sell to still achieve the profit objective of $750 per week
Answers
Answer: 40 potatoes
Explanation:
The number of potatoes that the vendor had to see previously to get $750 in profit is;
= (Fixed cost + Profit objective) / Contribution margin
= (600 + 750) / ( 4.90 - 1.03)
= 349 potatoes
Number of potatoes to be sold with increase in cost
= (600 + 750) / (4.90 - 1.03 - 0.4)
= 389 potatoes
Additional potatoes;
= 389 - 349
= 40 potatoes
Note : Contribution margin = Sales - Variable cost
Question 7 of 10
Yuki is setting up a display in the hardware store where he works. What does
this activity most likely involve?
A. Stacking cartons of merchandise in a safe location
B. Arranging items on shelves at eye level
C. Sorting nuts and bolts from smallest to largest
D. Creating a special exhibit of featured products
Answers
Answer:
D. Creating a special exhibit of featured products
Explanation:
Just did a quiz. a pex
Yuki is setting up a display in the hardware store where he works. Creating a special exhibit of featured products this activity most likely involves. The correct option is D.
What is the importance of an exhibition?Exhibitions and events are effective marketing strategies. They provide you a chance to advertise your goods or services to an audience that may be unfamiliar with you or your business. Additionally, they provide a chance to network with both current and new clients. Continue reading to learn about more advantages of exhibitions.
Your product displays play a crucial role in attracting customers. You can easily draw customers in and emphasize your product's standout characteristics with a well-designed POP display. One risk of shopping is being lost in the sea of merchandise.
Thus, the ideal selection is option D.
Learn more about product displays exhibition here:
https://brainly.com/question/14001663
#SPJ2
How should the assets and liabilities of Stanley be reported on the consolidated financial statements when Stanley is combined with Paxton on April 1, 2015
Answers
Answer:
At fair values at the April 1, 2015 date of the acquisition.
Explanation:
Note: The full question is attached below for understanding
As Paxton Corporation acquired all of the outstanding voting common stock of Stanley Company and Stanley will remain a separate corporation. Stanley's year-end is December 31. The acquired net assets should be reported based on when Stanley is combined with Paxton on April 1, 2015 at fair values at the April 1, 2015 date of the acquisition.
b. At its best possible output level, a firm has total revenue of $6,000 per day and total cost of $10,000 per day. What should this firm do in the short run if it has total fixed costs of $3,000 per day
Answers
Answer:
Follows are the solution to this question:
Explanation:
Given value:
[tex]\to TR = \$ \ 6,000 \\\\\\to TC = \$ \ 10,000 \\\\\ \to TFC = \$ \ 3,000 \ \ \ and \ \ \ TVC = \$ \ 7,000[/tex]
It is provided that the Finn could not offset its variable advertising expenditures, shortly it wants to shut down.
Mr. Lathrop refuses to pay income taxes because his conscience will not allow him to support a government that spends billions of dollars on military weapons. Mr. Lathrop's reasoning best illustrates Kohlberg's ______ level.
Answers
Answer:
Mr. Lathrop is in the sixth and final level of the Kohlberg's theory of moral deveolopment. This stage is known as the individual principles of conscience stage.
In this stage, actions are carried out under the guidance of individual ethical and moral principles, regardless of social conventions and laws.
And this can be seen in this case: Mr. Lathrop refuses to pay income taxes, because he does not want to fund military weapons, even if he is compelled by law to do so, and could end up in jail for his refusal. He prefers to be coherent with his views.
Novak Imports is a merchandising Firm. Last year they reported sales of $677000 and cost of goods sold of $405100. The company's total variable selling and administrative expense was $60750, and fixed selling and administrative expense was $54350. The total contribution margin for the firm is:
Answers
Answer:
Contribution margin = $211,150
Contribution margin ratio = 31.19%
Explanation:
total sales revenue $677,000
variable costs:
Cost of goods sold $405,100S&A expenses $60,750 ($465,850)Contribution margin $211,150
Fixed expenses ($54,350)
Operating income $156,800
Contribution margin ratio = $211,150 / $677,000 = 31.19%
You expect KT industries (KTI) will have earnings per share of $3 in one year and expect that they will pay out $2 of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 15% and their equity cost of capital is 10%. The expected growth rate for KTI's dividends is _______ .
Answers
Answer:
The growth rate is 5%
Explanation:
The computation of the expected growth rate is shown below:
= Return on new investment × Retention ratio
= 15% × ($3 - $2) ÷ 3
= 5%
We simply multiplied the return on new investment with the retention ratio so that the growth rate could come
hence, the growth rate is 5%
And, the same is to be considered
Craig bought a new boat. He made a 19% down payment. He financed the rest through his bank for 3 years. His bank charged 5% per year compounded monthly and his monthly payments were $300. What was the original price of the boat?
Answers
Answer:
$12,357
Explanation:
we can use the present value of an annuity formula to determine the 81% of the price of the boat:
present value = monthly payment x annuity factor
monthly payment = $300PV annuity factor, 36 periods, 0.4167% = 33.3637present value = $300 x 33.3637 = $10,009.11
this present value represents 81% of the purchase price, so the total purchase price = $10,009.11 / 81% = $12,356.93 ≈ $12,357
You own a fixed income asset with a MaCaulay duration of 5 years. If the level of required yields, which is currently at 8%, goes down by 0.10%, how much do you expect the price of the asset to change (in
Answers
Answer:
The price of the asset to change (in percentage ) is 0.463%
Explanation:
As per given data
Duration = 5 years
Chnage in the yield rate = -0.10%
Price of the asset change can be calculated using following formula
Percentage price change = -Duration x [tex]\frac{Change in the yield rate}{( 1 + Yield rate)}[/tex]
Placing values in the formula
Percentage price change = -5 years x [tex]\frac{-0.0010}{( 1 + 0.8)}[/tex]
Percentage price change = 0.00463
Percentage price change = 0.463%
Robinson's has 34,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $50 a share. The balance sheet shows $34,000 in the common stock account, $455,000 in the paid in surplus account, and $410,000 in the retained earnings account. The firm just announced a 2-for-1 stock split. How many shares of stock will be outstanding after the split?
Answers
Answer:
The number of shares after the split is 68,000 shares
Explanation:
The computation of the number of shares of stock will be outstanding after the split is shown below:
= Oustanding shares × stock split ratio
= 34,000 shares × 2 ÷ 1
= 68,000 shares
hence, the number of shares after the split is 68,000 shares
We simply applied the above formula
And, the same is to be considered
A7X Corp. just paid a dividend of $2.40 per share. The dividends are expected to grow at 16 percent for the next eight years and then level off to a growth rate of 6 percent indefinitely. If the required return is 15 percent, what is the price of the stock today
Answers
Answer:
50.26
Explanation:
We can calculate the price of the stock by summing up the present values of all years. To calculate PV of each year we need to grow the dividend value by 6% and then multiply it to the Present value factor.
Year D0 Value of dividend PVF (15%) Value
1 D1 2.78 0.869 2.42
2 D2 3.23 0.756 2.44
3 D3 3.75 0.657 2.46
4 D4 4.35 0.571 2.48
5 D5 5.04 0.497 2.51
6 D6 5.85 0.432 2.53
7 D7 6.78 0.375 2.55
8 D8 7.87 0.326 2.57
9 D9 8.34 0.09 30.29
Stock value 50.26
____________________________ occurs when you receive a bill for $1000 and send a check for $500 to pay the invoice, write paid in full in the memo and the recipient cashed the check.
Answers
Answer:
Accord and satisfaction
Explanation:
Accord and satisfaction is the legal term that we use when two people a creditor and a debtor dispute an amount of money that the creditor lended to the debtor.
The debtor has the opportunity to come to terms with the creditor by reaching and accord and satisfaction the debtor can send a paid in full check which basically means that if the debtor cashes in that check he agrees to lower or settle for the amount the debtor has send in the check for the full amount of the debt.
So in this case the creditor will be accepting a $500 agreement with the debtor for the full $1000 debt.
A bond with a face value of $1,000 matures in 12 years and has a 11% semiannual coupon. The bond has a current yield of 8%. Based on the information, you would expect the bond price to _____________ in one year. (Hint: Find bond price and YTM) Select one: a. Decrease by 1.54% b. Increase by 1.45% c. Decrease by 0.77% d. Decrease by 5.68% e. Increase by 0.77%
Answers
Answer:
a. Decrease by 1.54%
Explanation:
The computation fo the change in the price in one year is shown below:
The bond price is
= $1,000 × 11% ÷ 0.08
= $1,375
Now the YTM is
Given that
Par value = $1,000
PMT = $1,000 × 11% ÷ 2 = $55
NPER = 12 × 2 = 24
PV = $1,375
The formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
AFfter applying the above formula, the rate is
= 3.2304% × 2
= 6.46%
And, the current yield is 8%
So, there is a decrease of
= 6.46% - 8%
= 1.54%
Hence, the first option is correct
Suppose that a bond has one year to maturity. The yield to maturity on the bond if it was bought for $1110.00 and has a $1100 face value with a coupon rate of 11% is__________ %. (Round your response to the nearest whole number)
Consider a coupon bond with a face value of $1350, one year to maturity and a coupon rate of 8%. Given a yield to maturity of 7%, the price the bond will sell for is $________ .
Answers
Answer:
1. Face value = $1,100, Coupon rate = 11%, Nper = 1, PMT = $121 (1,100*11%), PV = $1,110
Yield of maturity = Rate(NPER. PMT, -PV, FV)
Yield of maturity = Rate (1, $121, -$1110, $1100)
Yield of maturity = 10%
2. Face value = $1,350, Coupon rate = 8%, Nper = 1, PMT = 108(1350*8%), Yield = 7%
Price of the bond = PV(rate, nper, pmt, fv)
Price of the bond = PV(7%, 1, 1,108, 1350)
Price of the bond = $1,362.62
Assume that at the end of the next year, Company A will pay a $2.00 dividend per share, an increase from the current dividend of $1.50 per share. After that, the dividend is expected to increase at a constant rate of 5 percent. If you require a 12% return on the stock, what is the value of the stock?
Answers
Answer:
the value of the stock is $28.57
Explanation:
The computation of the value of the stock is shown below:
Value for the stock is
= Dividend for next period ÷ (Required return - Growth rate)
= $2 ÷ (0.12 - 0.05)
= $28.57
hence, the value of the stock is $28.57
We simply applied the above formula so that the value of the stock could come and the same is to be considered
AA Corporation's stock has a beta of 0.7. The risk-free rate is 6%, and the expected return on the market is 8%. What is the required rate of return on AA's stock? Do not round intermediate calculations. Round your answer to one decimal place.
Answers
Answer:
the required return is 7.4%
Explanation:
The computation of the required rate of return is shown below:
Required rate of return is
= Risk free rate + beta × (market rate of return - risk free rate)
= 6% + 0.7 × (8% - 6%)
= 6% + 0.7 × 2%
= 6% + 1.4%
= 7.4%
Hence, the required return is 7.4%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
7.4%
Explanation:
Risk-free rate of return: 6%
Market Rate of return: 8%
Beta: 0.7
1. Subtract the risk-free rate of return from the market rate of return.
8%-6%= 2% or .02
2. Multiply the above figure by the beta of the security.
.02 * 0.7= .014
3. Add this result to the risk-free rate to determine the required rate of return.
.014 + .06 = .074 or 7.4%
A bond has a par value of $1,000, a current yield of 7.02 percent, and semiannual coupon payments. The bond is quoted at 102.73. What is the amount of each coupon payment
Answers
Answer:
Annual coupon = $36.06
Explanation:
Par value = $1,000 (Face Value)
Current yield = 7.02%
The bond is quoted at 102.73
Current price of the bond = $1,027.30 (102.73 * $1,000)
Current yield = Annual coupon / P = 7.02%
Annual coupon = P x 7.02%
Annual coupon = $1,027.30 x 7.02%
Annual coupon = $72.12
Annual coupon (after considering semi-annual payment) = $72.12 / 2
Annual coupon = $36.06
Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Quick Example 4.] 5 years, at 1.2% per year, compounded weekly (52 times per year)
Answers
Answer:
$941.77
Explanation:
The formula for present value when interest is compounded on a weekly basis is shown below:
PV=FV/(1+r/t)^(nt)
FV=future cash flow=$1000
r=interest rate=1.2%
t=number of times interest is compounded yearly=52
n=number of years prior to receiving the future amount=5 years
PV=1000/(1+1.2%/52)^(5*52)
PV=1000/(1+0.000230769 )^260
PV=1000/(1.000230769)^260
PV=$941.77
Big-Mouth Frog Corporation had revenues of $330,000, expenses of $200,000, and dividends of $45,000. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a:
Answers
Answer: Credit of $130,000
Explanation:
If Income summary is closed to Retained Earnings, it means that the Income for the period is sent to the Retained earnings account.
The amount to be sent is;
= Revenue - expenses
= 330,000 - 200,000
= $130,000
As the Retained Earnings account will be increasing as a result of this, it will be a credit.
For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $89,500 and $2,700, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $410,000 and $414,000, respectively, and $3,240 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is: Multiple Choice $4,100. $4,700. $5,840. $3,560.
Answers
Answer: $3560
Explanation:
Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, will be calculated thus:
Step 1: $410,000 × 1%
= $410,000 × 0.01
= $4100
Step 2: $2700 - $3240
= ($540)
Step 3: $4100 + ($540)
= $4100 - $540
= $3560
Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is $3560.
g Is it possible for a company to exhibit a negative EPS and thus a negative P/E ratio? No Yes Which of the following statements is true about market value ratios? High P/E ratios could mean that the company has a great deal of uncertainty in its future earnings. Low P/E ratios could mean that the company has a great deal of uncertainty in its future earnings.
Answers
Answer:
a) Yes
b) High P/E ratios could mean that the company has a great deal of uncertainty in its future earnings
Explanation:
A) Yes, a company's shares can actually exhibit a negative P/E ratio, so it's not impossible, not in the least.
B) High P/E ratios could mean that the company has a great deal of uncertainty in its future earnings because when firms have great or high P/E ratios, they are usually examined to be properties of germination. P/E ratio is calculated to be the value of the share in any contemporary time as it tends to the profits that particular company have listed as it's financial term, oftentimes, they are usually on a per-share basis.
Consignment goods are: Multiple Choice Goods shipped to the consignor who sells the goods for the owner. Always paid for by the consignee when they take possession. Reported in the consignee's books as inventory. Goods shipped by the owner to the consignee who sells the goods for the owner. Not reported in the consignor's inventory since they do not have possession of the inventory.
Answers
Answer: Goods shipped by the owner to the consignee who sells the goods for the owner.
Explanation:
In a Consignment type of sale, a dealer known as a Consignee sells goods on behalf of the owner of the goods who is known as the Consignor.
The Consignor will always maintain ownership of the goods until sale which means that whatever the Consignee does not sell goes back to the Consignor/ owner.
As already inferred, the goods to be sold on consignment will be shipped by the owner to the consignee who will then sell the goods for the owner.