The time (in minutes) between telephone calls at an insurance claims office has the exponential probability distribution:
Answer:
2
Explanation:
The formula states f(x)= 1/μ е⁻ˣ/μ
1/μ = 0.5
cross multiply and make μ the subject of the formula
μ = 2
Cindy wants to open a retail store in the mall where she can sell a few carefully selected lines of women's clothing. if cindy opens her shop, what kind of store would it be considered?
Wilbert's clothing stores just paid a $1.50 annual dividend. the company has a policy whereby the dividend increases by 2.5% annually. you would like to purchase 100 shares of stock in this firm but realize that you will not have the funds to do so for another three years. if you desire a 15% rate of return
Can you finance a car the car then becomes ___ for the loan
When financing a car, the vehicle serves as collateral for the loan. Leasing is another financing method offering lower monthly payments by only requiring amortization on the vehicle's deprecation during the lease term rather than its full price.
When you finance a car, the car then becomes collateral for the loan. The financing rate can vary with market interest rates, and auto manufacturers may offer lower rates to facilitate the sale of specific car models. When considering financing options, it is important to get a dealer quote on financing your car.
From an economic perspective, an alternative to purchasing is leasing your car. Leasing has benefits like substantially lower monthly payments which can assist with cash flow. Unlike purchasing, where you pay interest and amortize the cost over the term of the loan, with leasing, you pay interest and amortize only the difference between the car's purchase price and its residual value after the lease term ends.
Elijah, who is single, is employed as a full-time high school teacher. the school district where he works recently instituted a policy requiring all of its teachers to start working on a master's degree. pursuant to this new rule, elijah spent most of the summer of 2016 taking graduate courses at an out-of-town university. his magi is $64,000 and expenses are as
Which of the following statements about the Federal Application for Student Aid (FAFSA) is TRUE? A You can only apply online. B The earliest you can submit your FAFSA application is December 1st. C The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form. D both a & b are true
Answer:
The correct answer is letter "C": The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form.
Explanation:
The IRS (Internal Revenue Service) Data Retrieval Tool or IRS DRT stores tax information from the students and fathers who filed taxes so that this data can be sent straight to the Free Application for Federal Student Aid (FAFSA) so the form can be completed.
Under what condition will a monopoly firm incur losses?
True or false an advantage of the weighted average inventory method is that it tends to smooth out erratic changes in costs.
The bronco corporation exchanged land for equipment. the land had a book value of $122,000 and a fair value of $154,000. bronco paid the owner of the equipment $12,000 to complete the exchange which has commercial substance.
Answer:
Fair value of land + Cash given = Fair value of equipment$154000 + 12000 =166000 Equipment (154000 + 12000 )166000 Cash 12000 Land (Book Value)122,000 Gain ($154,000 - $122,000) 32000
Explanation:
Clear, ambiguous acceptance criteria for all deliverables are important because they are the basis for verifying that the project scope has been completed in accordance with the customer's requirements and expectations. false true
_____ is an example of a soft benefits provided by a company to its employees.
Mr. mahara, the plant manager at a large manufacturing facility, is interested in watching his workers in order to identify the factors that affect employees' productivity. however, he knows that due to the _______ effect, workers might behave differently if they are aware they are being observed.
However, he knows that due to the "Hawthorne" effect, workers might behave differently if they are aware they are being observed.
The Hawthorne effect is a term alluding to the inclination of a few people to work harder and perform better when they are members in an investigation. The term is regularly used to recommend that people may change their conduct because of the consideration they are accepting from specialists instead of in light of any control of autonomous factors.
The Hawthorne effect has been broadly talked about in brain science reading material, especially those gave to mechanical and hierarchical brain science. Notwithstanding, a portion of the later discoveries propose that huge numbers of the first cases made about the impact might be exaggerated.
Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold 9 cars, for a total of $8,870 dealer profit. how much did she earn in commission?
The commission that Joan would reap out of profits of $8,870 to the dealer would be $2,217.50.
What is the commission?
Commission is defined as the payment that is usually extended when the sales representative gains extra money as per the extra number of sales they make.
How the commission would be calculated?
The commission is given 25% on profits of $8,870 when 9 cars are sold.
Therefore, the commission would be computed as below:
[tex]8,870 * 0.25\\=2217.5[/tex]
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Dog owners do not bear the full cost of the noise their barking dogs create and often take too few precautions to prevent their dogs from barking. local governments address this problem by
a. subsidizing local animal shelters.
b. making it illegal to "disturb the peace."
c. encouraging people to adopt cats.
d. having a well-funded animal control department.
Local governments commonly address noise pollution from barking dogs by enacting noise ordinances or laws against disturbing the peace rather than through indirect methods like animal shelter subsidies or promoting cat adoption.
Explanation:The question presented deals with how local governments can address the issue of noise pollution caused by barking dogs. When dog owners do not bear the full cost of the noise their pets create, they may take too few precautions to prevent this disturbance. Local governments may choose several approaches to mitigate this issue. One such approach is by making it illegal to 'disturb the peace', essentially enacting and enforcing a noise ordinance to address the negative externality of noise. This bears similarity to how other local issues, such as the negative externality caused by loud music or parties late at night, are managed through direct regulation or ordinances rather than through more indirect means like taxation or subsidies.
Comparatively, subsidizing local animal shelters, encouraging people to adopt cats, or having a well-funded animal control department are less direct methods for dealing with noise issues specifically and do not constitute a direct attempt to curb the problem of excessive dog barking. The most pertinent and direct approach to reduce noise generated by barking dogs in the community is thus to pass ordinances requiring noise control, such as making it illegal to disturb the peace.
Explain how a mixed economy is a mixture of command and pure market economy.
Q 7.5: a small business owner has two employees but each employee has a separate cash register drawer. this situation can be viewed as
If blue ridge railway's fixed costs total $50,000 per month, the variable cost per passenger is $ $10, and tickets sell for $50, what is the contribution margin per unit and contribution margin ratio?
In some cases, individuals who start a business have special voting rights that help them exercise
Entrepreneurs who incorporate their businesses can have special voting rights, protecting their personal assets and maintaining control over business decisions. Shareholders in public companies vote for a board of directors proportional to their share ownership, influencing the firm's strategy and operations. Additionally, angel investors play an important role in providing capital to new ventures for equity.
Explanation:In some cases, individuals who start a business and opt to incorporate can obtain special voting rights. The principle of incorporation is pivotal as it allows entrepreneurs to enjoy the profits and control of their business much like a sole proprietorship while limiting their financial and legal liabilities. Incorporation creates a structure for businesses that protects the personal assets of the founders; in case of losses or legal issues, the owners risk no more than their initial investment in the company.
Beyond that, shareholders own a public company, and they exercise their influence by voting for a board of directors. These directors are responsible for the strategic oversight of the company and delegate the day-to-day operations to hired executives. The number of votes a shareholder has typically correlates with the amount of stock they own, and sometimes, certain individuals may have additional voting rights either through different classes of shares or contractual arrangements, giving them a greater degree of control over business decisions.
Moreover, entities like angel investors are also significant in the funding of new ventures, where these individuals provide capital for ownership equity in a company. This external source of funding is critical for early-stage development of small businesses, propelling them towards growth and possible public offering where incorporation and voting rights become more formalized.
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Muldoon advertising has an opening balance in its supplies account of $2400 and purchases $3000 of supplies during the year. a year-end physical count shows $2800 in supplies inventory. which is the appropriate journal entry at year end?
With adequate security controls and defenses, an organization can oftenreduce its risk to zero.
a. True
b. False
Plastics net, hospital network.com, textile web, and ebay business are all examples of
The correct answer is B2B (Business-to-Business) e-commerce.
Plastics Net, Hospital Network.com, Te-xtile Web, and eBa-y Business are all examples of B2B (Business-to-Business) marketplaces.
These online platforms facilitate transactions between businesses, providing a space for companies to buy and sell products and services to one another.
Each marketplace serves specific industries or needs, connecting suppliers with buyers in a streamlined and efficient manner.
You want to have $25,000 in your savings account eight years from now, and you're prepared to make equal annual deposits into the account at the end of each year. required: if the account pays 4.75 percent interest, what amount must you deposit each year?
When it comes to making a good impression in a work setting,?
Question 2 diversification reduces the risk of a portfolio because ________, and some of the risks are averaged out of the portfolio.
a.stocks do not move identically
b.stocks have common risks
c.stocks are fully predictable
d.stocks are not affected by the market answer:
True or false: the government could achieve the efficient outcome by giving out fire extinguishers for free using tax revenue.
True. Providing public goods through tax revenue can enhance resource allocation efficiency in the market.
The statement is true. By providing fire extinguishers for free through tax revenue, the government can increase the level of provision of a public good, overcoming the issue of free riders. This intervention can lead to more efficient resource allocation.
Free markets may not produce the optimal amount of public goods, which are nonexcludable and nonrivalrous. Governments using tax revenue can ensure the production of public goods efficiently. Public goods like fire services, police protection, and emergency medical services are funded by taxpayers and provided by the government without additional charges.
Oscar's store is open from 6am to 8pm daily. oscar contracts to purchase merchandise from consolidated enterprises and their delivery truck arrives at 10 pm one evening at oscar's store when no one is at oscar's. has consolidated tendered delivery
Which of the following are true about retirement? Select all that apply.
1. health needs can cut into retirement funds
2. accidents do not affect retirement funds
3. part of retirement planning includes the costs for things you might need or want
4. retirement planning does not include your personal goals
Which of the following are true about retirement? Select all that apply.
3. Part of retirement planning includes the costs for things you might need or want.
When establishing a retirement fund, it's important to account for items you may need in the future. A retirement fund is set up to help prepare for years down the road when the only source of income is coming from this fund. When you create the fund amount, sit down and decide what you may need or want in the future and budget accordingly so that when retirement comes and necessities or wants are needed, there is not an issue with the money that has been saved.
You have been entered in a free game where you try to guess the roll of a six-sided die. you will win $50.00 if you guess right. what is your expected payoff value? round to the nearest cent.
In 1 or 2 sentences, describe why sellers in a perfectly competitive market have no control over price.
The reason why sellers in a perfectly competitive market have no control over price is that they need to compare their price with other seller.
What is competitive market?A competitive market is a market structure that doesn't allow single consumer or producer to make decision about the market.
In this market seller needs to compare their price and product with other seller before making decisions.
Therefore, competitive market does not allow a single entity to make decision.
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When fermentation units are operated with high aeration rates?