In experiment A, you roll one die and multiply the result by 5. In experiment B, you diversify and roll 5 dice and add up the results. Is experiment A or B more likely to give 30 as the result?

Mayweather reports net income of $330,000 for the year ended December 31. It also reports a $106,700 depreciation expense and a $11,500 loss on the sale of equipment.

Riley, an engineer for super seed corporation, learns that super seed has developed a corn hybrid to triple the output of any farm. riley buys 10,000 shares of super seed stock. he tells tess, who buys 5,000 shares.

Which of the following is true? a. If using the double-declining-balance the total amount of depreciation expense during the life of the asset will be the highest. b.

Lewis Company began operations on February 1, 2016, and experienced the following events during the year: 1. Earned $300,000 of revenue on account. 2. Collected $250,000 cash from accounts receivable. 3. Paid $110,000 cash for salaries expense. 4.

Variable Overhead Variances Smith Tax Company considers 6,000 direct labor hours or 300 tax returns its normal monthly capacity. Its standard variable overhead rate is $50 per direct labor hour.

Ralph Waters owns forested land. The Department of the Interior has declared that a small fruitfly on his property is an endangered species and prevented the harvesting of trees there. Ralph: a. cannot harvest trees. b.

Perfectly competitive firms: a. are individually able to influence the market price. b. can influence the prices of other firms in the same industry by altering their own prices. c.

Sealy, the largest manufacturer of mattresses in the u. s., recently set out to redefine its place in the bedrooms of america. no longer was it going to be associated as simply a mattress company.

Use the following two statements to answer this question: I. A market is a collection of buyers and sellers that, through actual or potential interactions, determine the price for a product or set of products. II.

The cost of a new machine is $250,000. The machine has a five-year life and no salvage value. If the cash flow each year is equal to 25% of the cost of the machine, calculate the payback period for the project: