Suppose a basketball player has made 294 out of 359 free throws. If the player makes the next 3 free throws, I will pay you $20. Otherwise you pay me $26. Step 1 of 2 : Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.

Answers

Answer 1

Answer: -$0.74

Explanation:

Expected value of the proposition is:

= (Probability that player makes next 3 free throws * 20) - (Probability that player does not make the next 3 free throws * 26)

Probability that player does not make the next 3 free throws  = 294/359 * 294/359 * 294/359

= 0.549235557

Expected value of proposition:

= (0.549235557 * 20) - ( (1 - 0.549235557) * 26)

= 10.98471114 - 11.719875518

= -$0.74


Related Questions

Baskin's pretax accounting income in Year 2 is $100,000. Baskin received cash rental payments in advance for $20,000 in Year 1 and $30,000 in Year 2, which are taxed in the year of receipt. It is expected the rent will be recognized for financial reporting purposes as $25,000 in Year 3 and $25,000 in Year 4. The income tax rate is 40%. What is Baskin's tax basis for rental revenues in Year 2

Answers

Answer:

the  baskin tax basis for rental revenue is $10,000

Explanation:

The computation of the baskin tax basis for rental revenue is given below:

= Year 4 rent recognized × income tax rate

= $25,000 × 40%

= $10,000

Hence, the  baskin tax basis for rental revenue is $10,000

The same should be considered and relevant

Skyline Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets to its commercial customers. Company personnel who earn $180,000 typically perform both tasks; other firm-wide overhead is expected to total $70,000. These costs are allocated as follows:

Bouquet Production Delivery Other
Wages and salaries 60% 30% 10%
Other overhead 50% 35% 15%


Riverside anticipates making 20,000 bouquets and 4,000 deliveries in the upcoming year. The cost of wages and salaries and other overhead that would be charged to each bouquet made is closest to:

a. $12.50.
b. $7.15.
c. some other amount.
d. $8.75.
e. $13.75.

Answers

Answer:

b. $7.15

Explanation:

Cost of wages & salaries per bouquet = [($180,000*60%) + ($70,000*50%)] / 20,000

Cost of wages & salaries per bouquet = ($108,000 + $35,000) / 20,000

Cost of wages & salaries per bouquet = $143,000 / 20,000

Cost of wages & salaries per bouquet = $7.15

So, the cost of wages and salaries and other overhead that would be charged to each bouquet made will be $7.15.

If 2,500 units are produced, the total amount of indirect manufacturing cost incurred is closest to:

Answers

Answer: $14,550

Explanation:

Within a certain activity range, the fixed cost remains the same so in this activity range of $2,200 to $5,000, the fixed overhead cost will remain the same:

= 3 * 3,600 units

= $10,800

Variable overhead costs will vary by units:

= 2,500 * 1.50

= $3,750

Total cost = 10,800 + 3,750

= $14,550

The spot price of an investment asset that provides no income is $32.10 and the risk-free rate for all maturities (with continuous compounding) is 6.25%. What is the 4-year forward price? Answer with two decimal digits accuracy. Example: 52.12

Answers

Answer:

$41.22

Explanation:

Forward price = Spot price*(1 + Risk free rate)^Time of contract

Continuous compounding rate = e^(0.0625) = 1.06449445892 = 1.0645

Forward price = $32.10 * (1.0645)^4

Forward price = $32.10 * 1.28405215218

Forward price = $41.2180741

Forward price = $41.22

So, the 4-year forward price is $41.22.

Suppose most people regard emeralds, rubies, and sapphires as close substitutes for diamonds. Then DeBeers, a large diamond company, has a. less incentive to advertise than it would otherwise have. b. more control over the price of diamonds than it would otherwise have. c. less market power than it would otherwise have. d. higher profits than it would otherwise have.

Answers

Answer: less market power than it would otherwise have.

Explanation:

Following the information given that most people regard emeralds, rubies, and sapphires as close substitutes for diamonds, then it can be infered that DeBeers, a large diamond company, will have less market power than it would otherwise have.

Since the company has less market power due to other substitutes in the market, there'll be less ability for the company to fix price since customers can easily move to other products and purchase them.

Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $440,000; Allowance for Doubtful Accounts has a credit balance of $4,000; and sales for the year total $1,980,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $14,800.

Required:
a. Determine the amount of the adjusting entry for uncollectible accounts.
b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
c. Determine the net realizable value of accounts receivable.

Answers

Answer: See explanation

Explanation:

a. The amount of the adjusting entry for uncollectible accounts will be:

= Estimated balance required in Allowance account - Unadjusted balance existing in Allowance account

= $14800 - $4000

= $10800

b. The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense will be:

Account receivables = $440,000

Allowance for Doubtful accounts = $14,800

Bad Debt expense = $10800

c. The net realizable value of accounts receivable will be:

= Account receivables - Allowance for Doubtful accounts

= $440,000 - $14800

= $425200

How do you think the four management functions of planning, organizing, leading , and controlling fit in with the ideas Sinek expresses in his talk?

Answers

Answer:

This posting should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this post should be in the 100–200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate.

The four functions of management are planning, organizing, leading, and controlling. By applying the right resources and knowledge, all these functions can easily fit in the ideas.

What is Management?

More than just specialized knowledge, management requires an ability to navigate numerous procedural, structural, and interpersonal challenges in the process of guiding one's team to the completion of various goals.

What are the four management functions?

No matter which company you work in, these four management functions remain consistent and applicable across all sectors.

Planning is important to identify the goals and making plans to attain these goals.Organizing refers to taking up of these plans and putting into action.Leading is the stage of motivating and influencing employees to do the work. Controlling function consists of monitoring performance and progress through project execution and making adjustments as needed.

Thus, by using knowledge, team-management, and right resources, all these functions can fit in with the ideas.

Learn more on management here - brainly.com/question/15351742

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The ogvernment is bound by the acts of its agents committed within the scope of their agents authority, such as express and actual authroity.
A. True
B. False

Answers

Answer: True

Explanation:

Express and actual authority refers to the agent's power to act on behalf of a principal, which had been granted by the agreement that already took place between the agent and principal.

It should be noted that government is bound by the acts of its agents which are committed within the scope of their agents authority, like the express and actual authroity.

Therefore, the correct answer is True.

Framjam Sports Equipment produces basketballs at its factory in Kentucky and soccer balls at its factory in Illinois. At its current annual rate of production, the cost of producing basketballs is $70,000 and the cost of producing soccer balls is $45,000. If the firm consolidates production at a single location, the annual cost of production will be $100,000. What is the degree of economies of scope in this case?

Answers

Answer:

0.15

Explanation:

The computation of the degree of economies of scope in this case is given below:

(cost of producing basketballs + cost of producing soccer balls - annual cost of production) ÷ annual cost of production

= ($70,000 + $45,000 - $100,000) ÷ $100,000

= 0.15

You run a hospital with 100 rooms. Fixed daily cost is $935.00 which includes staff salary, property charges, maintenance etc. Variable cost per room is $10.00 which includes cleaning, equipment rentals, utility cost etc. which is incurred only when the room is full. You charge $77.00 per room per day. You sold 40.00 rooms today, how much profit/loss did you earn for today.

Answers

Answer: $1,745

Explanation:

Profit ( loss) = Sales -  Fixed costs - Variable costs

Sales = Rate per room * number of rooms rented

= 77 * 40

= $3,080

Variable costs = 40 * 10 per room

= $400

Profit (loss) = 3,080 - 935 - 400

= $1,745

This is science ฅ^•ﻌ•^ฅ

Answers

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Is the sun a star?

A. Yes

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sʀʀʏ ɪ ʀʟʟʏ sɪ ɪ ʜ ʀ ʀs

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✍︎ʜɴǫɴ

✍︎☮︎ʀʀʏɴʟʀɴɪɴɢ☮︎

Suppose advances in computer technology lead to a surge in worker productivity. In the long run, output will ________ and the price level will ________.

Answers

Answer:

increase; decrease.

Explanation:

Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental etc.

Generally, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.

Assuming advances in computer technology led to a surge in the level of productivity by the workers working in a company. In the long run, output will increase and the price level will decrease.

In each of the following situations, determine whether the company would be more likely or less likely to benefit from refining its costing system.
1. In bidding for jobs, managers lost bids they expected to win and won bids they expected to lose
2. The company operates in a very competitive industry.
3. The company produces few products, and the products consume resources in a similar manner.
4. The company has very few indirect costs
5. The company produces high volumes of some of its products and low volumes of other products.
6. The company has reengineered its production process but has not changed its accounting system

Answers

Answer and Explanation:

The classification is as follows;

a. When the lost bids could be wins and won bids could be lose so it is most likely

b. When the company operates in the industry i.e. competitive so it is most likely

c. When the company generates less products and products are consumed in same way so it is less likely

d. When the company has less non-direct cost so it is less likely

e. When the company generated the high volume of products and some products are of less volume so it is most likely

f. When the company reengineered the process of the production but not varied the accounting system so it is most likely

The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Janet should receive:

Answers

Answer:

$30,000

Explanation:

The computation of the amount received by Janet is given below:

Loss on sale of other assets is

= $150,000 - $50,000

= $100,000

Share of Janet in loss is

= $100,000 × 5 ÷ 10

= $50,000

So,  

Janet revised capital balance is

= $80,000 - $50,000

= $30,000

You are given the following data on US Treasury. The maturity date is May 15, 2041. The asked yield-to-maturity is 2.128%. The coupon rate is 2.35%. You agree to buy the bond June 21, 2021. Assume T 2. Par is $1,000. What is the clean (flat) price

Answers

Answer:

$1,035.84

Explanation:

Number of years to maturity (Nper) = 20

Annual Coupon payment (PMT) = 1000*2.35% =$23.50

Payment at maturity (FV) = $1000

Yield to maturity (Rate) = 2.13%

Using the MsExcel Present value function

Clean(flat) price = PV(Nper, PMT, FV, Rate)

Clean(flat) price = PV(20, 23.50, 1000, 2.13%)

Clean(flat) price = 1035.8436

Clean(flat) price = $1,035.84

Kandy Kane Corporation has income before taxes of $400,000 and a loss from discontinued operations pretax of $100,000. If the income tax rate is 25% on all items, the income statement should show income tax expense of

Answers

Answer:

The income tax expense = $100000

Explanation:

Below is the given values:

Income before the taxes = $400000

Loss discontinued = $100000

Income tax rate = 25%

In order to calculate the income tax expense, just find the 25% of the income before tax and the resulting answer will be the income tax expense.

The income tax expense = 25% x 400000

The income tax expense = $100000

One of the growers is excited by the price increase caused by the blight because he believes it will increase revenue in this market. As an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market.Using the midpoint method, the price elasticity of demand for soybeans between the prices of

Answers

Full question attached

Answer:

Not elastic

Explanation:

The formula for demand elasticity= percentage change in quantity/percentage change in price

Therefore demand elasticity = Q2-Q1/Q2+Q1/2/P2-P1/P2+P1/2

Using graph of demand attached

= 12-15/12+15/2/21-15/21+15/2

= -3/27/2/6/36/2

=-2/9/1/3

=-2/3

=-0.67

Elasticity is less than one and so demand is inelastic

Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 1,600 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $6 per unit of average inventory. Every time an order is placed for more of item X, it costs $12. a. Whenever item X is ordered, what should the order size be

Answers

Answer:

80 quantities

Explanation:

to get the order size of the item, we have to use this formula

[tex]optimal quantity = \sqrt{\frac{2DS}{H} }[/tex]

From this formula above,

D = annual demand = 1600

s = set up cost= 12

h = holding cost = 6

[tex]\sqrt{\frac{2*1600*12}{6} }[/tex]

[tex]\sqrt{6400} \\=80[/tex]

from this solution above, the order size should be 80  quantities

thank you

julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $127,000 immediately as her full retirement benefit. Under the second option, she would receive $14,000 each year for 10 years plus a lump-sum payment of $53,000 at the end of the 10-year period. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: 1-a. Calculate the present value for the following assuming that the money can be invested at 11%. 1-b. If she can invest money at 11%, which option would you recommend that she accept

Answers

Answer:

a. i. Present value of first option = $127,000

ii. Present value of second option:

= Present value of $14,000 annuity + Present value of $53,000 lump sum.

Present value of annuity:

= Annuity * Present value interest factor of annuity, 11%, 10 years

= 14,000 * 5.8892

= $82,448.80

Present value of lump sum:

= 53,000 / ( 1 + 11%)¹⁰

= $18,665.77

Present value of second option = 82,448.80 + 18,665.77

= $101,114.57

b. She should take the first option. It has a larger present value.

MFI Inc. has a beta of . If the expected market return is percent and the​ risk-free rate is ​percent, what is the appropriate required return of MFI​ (using the​ CAPM)? Using the​ CAPM, the appropriate required return of MFI is 14.74​%. ​(Round to two decimal​ places.)

Answers

Answer: 14.38%

Explanation:

Required return using the Capital Asset Pricing Model (CAPM) is:

= Risk free rate + Beta * (Expected market return - Risk free rate)

= 6.5% + 1.05 * (14% - 6.5%)

= 6.5% + 7.875%

= 14.38%

In the information age, the obligations that individuals and organizations have concerning rights to intellectual property fall within the moral dimension of: __________
a) property rights and obligations.
b) accountability and control.
c) quality of life.
d) information rights and obligations.
e) system quality.

Answers

Answer:

a) property rights and obligations.

Explanation:

In the case of the information age, the liabilities at which the individuals and the organizations would be concerned related to the intellectual property could decline that lies with the moral dimension of the property rights and its liability as the intellectual property includes the property rights

SO as per the given situation, the option a is correct

What is you view of international initiatives to criminalize foreign bribery? Explain your answer and please conduct research to support your findings, citing at least one resource in APA format.

Answers

Answer:

Bribery is act of paying someone incentive in the form of money to get an undue favor.

Explanation:

Bribery is a global issues. People use this unfair mean to achieve what they want. Bribery is illegal in almost all countries of the world. Many countries have issued strict laws against bribery to stop it. Foreign corrupt practicing act of 1977 issued by United States to make bribery unlawful and minimize this crime in the country. Many businesses offer handsome amount as bribery to many countries government to get unfair advantage in the foreign country which completely creases the domestic businesses as competition arises in the home country.

MC Qu. 98 At the beginning of the recent... At the beginning of the recent period, there were 1,470 units of product in a department, 35% completed. These units were finished and an additional 6,900 units were started and completed during the period. 1,560 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:

Answers

Answer:

Using the weighted average method, the equivalent units produced by the department were:

= 8,760 units.

Explanation:

a) Data and Calculations:

                                         Units    Conversion  

 Ending inventory             1,560

Units completed             8,370

Units available                9,930

Beginning inventory        1,470         35%

Additional units started 8,460

Equivalent units of production:

Units completed            8,370         8,370 (100%)

Ending inventory           1,560            390 (25%)

Equivalent units of production       8,760

Rickett Corporation had a favorable direct-labor efficiency variance of $6,000 for the period just ended. The actual wage rate was $0.50 more than the standard rate of $12.00. If the company's standard hours allowed for actual production totaled 9,500, how many hours did the firm actually work

Answers

Answer:

Actual Quantity= 9,000 hours

Explanation:

Giving the following information:

Direct-labor efficiency variance= $6,000 favorable

Standard rate= $12.00.

Standard quantity=  9,500

To calculate the actual hours worked, we need to use the following formula.

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

6,000 = (9,500 - Actual Quantity)*12

6,000= 114,000 - 12Actual Quantity

12Actual Quantity = 108,000

Actual Quantity= 9,000 hours

With so many workers habituated to using mobile devices for so much of their work, should company management develop apps for influencing subordinates? Explain your reasoning.

Answers

Answer:

This is not a yes or no answer.

The action of leadership/management would depend on their assessment of the impact of the habit on the results being delivered by the workers.

The questions to ask are:

Does the use of the mobile phone for their work reduce or increase productivity?Does what are the advantages? are there disadvantages?What would developing an app achieve for management?

Explanation:

In trying to influence workers who are already habituated or accustomed to a particular way of doing things, it is best practice to study the culture and establish what its advantages are. This can then be compared to its demerits. If the demerits clearly and consistently present risks that make of no relevance the advantages, the leader(s) must move to correct such a risk.

So assuming that using mobile phones makes ICT risks (such as loss of company data, loss of company data, risk of unauthorised access etc) even more pronounced, whether or not the app is the best solution will depend on the total cost of that solution to the company weighed against other options.

Other options could simply be

- looking for an already existing app

- banning the using of mobile phone for office work using etc

- re-establishing the use of laptops as the preferred work tool

In any of the above scenarios, the leadership will succeed in influencing its workers positively if it:

plays its part well as a cultural shift role modelbecomes an arbiter of the policies modifying changes affecting work styleencourages the new workstyle by rewarding those that embrace it openly manage change by ensuring that there is a training platform that helps ease the transition into the new work style.

Cheers

When Social Security was first instituted by President Franklin Roosevelt in 1935, the payroll tax rate on wages used to fund the program was

Answers

Answer: Social security retirement program .

Explanation:

how does minimum wage influence the demand and supply in the labour market?​

Answers

The effect of Minimum wage Increase on Employment and Unemployment. At the same time, the higher minimum wage means that more people would like jobs. The increase in the amount of labor that people would like to supply, and the decrease in the amount of labor that firms demand, both serve to increase unemployment.

In Multinational Capital budgeting, project cash flows can diverge from parent cash flows because of the following factors, except?
A. Foreign exchange risks.
B. Size of the subsidiary.
C. Political risk and Country risk.
D. The existence of growth options.
E. Cannibalization due to the replacement of exports by local production.

Answers

Answer: E. Cannibalization due to the replacement of exports by local production.

Explanation:

Multinational capital budgeting simply means when real productive assets is invested in foreign countries.

In Multinational Capital budgeting, project cash flows can diverge from parent cash flows because of foreign exchange risks, subsidiary size, political and country risk and the existence of growth options.

The cannibalization due to replacement of exports by local production isn't among the factors.

If the price of a good increases, _____________. The demand curve _________________ . If the number of buyers in the market increases, ________________. The demand curve ____________.

Answers

Answer:

1. Quantity demanded decreases

2. Shift to the left

3. Quantity demanded increases

4. Shift to the right

Explanation:

If the price of a good increases, QUANTITY DEMANDED DECREASES, The demand curve SHIFT TO THE LEFT.

If the number of buyers in the market increases, QUANTITY DEMANDED INCREASES. The demand curve SHIFT TO THE RIGHT.

This is based on the law of demand which states under normal circumstances, the lower the price, the higher the quantity demanded, and the higher the price, the lower the quantity demanded.

A demand curve moves to the right when there is an increase in quantity demanded, while the demand curve also moves to the left when there is a decrease in quantity demanded.

True or false: Demand is created through meeting customer buying criteria, awareness (promotion) and accessibility (sales distribution), and credit terms.

Answers

Answer:

false

Explanation:

Other Questions
Which ensation strates the Sum Version12-8-15-12-15-31218115-12-13-15)o 12-8-15-18.1512-8-15-12-31 15 On January 2, 2020, Orange Corporation purchased equipment for $300,000 with an ADS recovery period of 10 years and a MACRS useful life of 7 years. Section 179 was not elected. MACRS depreciation properly claimed on the asset, including depreciation in the year of sale, totaled $79,605. The equipment was sold on July 1, 2021, for $290,000. As a result of the sale, the adjustment to taxable income needed to arrive at current E & P is:_________a. No adjustment is required. b. Increase $49,605. c. Decrease $79,605. d. Decrease $49,605, i will give brainliest if correct Which R group would most likely be found in a hydrophobic area of the tertiary structure of a globular protein? The average human body contains about 40 L of water. What is the total amount of water contained in the 6.4 billion people in the world? Show each step in your solution. Express your answer in scientific notation. 3 (x - 2) = 2 (x - 3) QS 4-19B Recording estimates of future discounts LO P6 ProBuilder has the following June 30 fiscal-year-end unadjusted balances: Allowance for Sales Discounts, $0; and Accounts Receivable, $10,200. Of the $10,200 of receivables, $2,100 are within a 3% discount period, meaning that it expects buyers to take $63 in future discounts arising from this periods sales. a. Prepare the June 30 fiscal-year-end adjusting journal entry for future sales discounts. Mars is about 1.5 times further from the Sun than Earth. Compared to Sun as seen from Earth, the Sun as seen on Mars is PLZ HELP 10 POINTS Is the transformed figure (image) congruent to the original (pre-image) figure? "English is still relevant lingua franca. Discuss and support your view with examples."can give me some idea?just give me the point?? Sarah wants to print copies of her artwork. At the local print shop, it costs her $1 to make 5 copies and $5 to make 25 copies. How much would it cost Sarah to make 100 copies? What are the masses of gray matter that lie deep within the cerebral hemispheres and that are responsible for regulating intensity and precision of voluntary movement TRUE OR FALSE. if an object does not change its position at a given time interval, then it is at rest or its speed is zero or not accelerating por fis ayudame regalo todos los pun tos :( Match each description 1 through 6 with the characteristic of preferred stock that it best describes by writing the letter of that characteristic in the blank next to each description.A. CallableB. ConvertibleC. CumulativeD. NoncumulativeE. NonparticipatingF. Participating_____ 1. Holders of the stock are entitled to receive current and all past dividends before common stockholders receive any dividends._____ 2. The issuing corporation can retire the stock by paying a prespecified price._____ 3. Holders of the stock can receive dividends exceeding the stated rate under certain conditions._____ 4. Holders of the stock are not entitled to receive dividends in excess of the stated rate._____ 5. Holders of this stock can exchange it for shares of common stock._____ 6. Holders of the stock lose any dividends that are not declared in the current year. kamusta Bagong user Ako dito 1 Find x and H in the right angled below Which of the following is the most important factor when determining a safe speed? Which of these statements describe why Democrats were able to regain control of the South? Check all that apply.Democrats used race to unite white Southern voters.Northern voters became more interested in solving the problems of Reconstruction.The Panic of 1873 plunged the US economy into recession.Northern interest in Reconstruction began to fade as time wore on. What is Company XYZ's intrinsic equity value using the WACC as the discount rate and assuming the terminal value is based on the EBITDA exit multiple