Production worker or a supervisor

Assignment Help Accounting Basics
Reference no: EM13150055

There are 100 employees at Kiddie Carts International. Fifty-seven of the employees are production workers, 40 are supervisors, 2 are secretaries, and the remaining employee is the president. Suppose an employee is selected:

a. What is the probability the selected employee is a production worker?

b. What is the probability the selected employee is either a production worker or a supervisor?

c. Refer to part (b). Are these events mutually exclusive?

d. What is the probability the selected employee is neither a production worker nor a supervisor?

Reference no: EM13150055

Questions Cloud

How many people should the owner hire if he pay each worker : How many people should the owner hire if he pays each worker $6/hour? c. Suppose he considers hiring students on a part-time basis for $4/hour.
Conditions in iraq led to a sharp drop : In 2005, conditions in Iraq led to a sharp drop in consumer confidence and a drop in consumption. Assume that the Fed holds the money supply constant, tell a story and predict the effects on the equilibrium levels of aggregate output (Y) and the inte..
How much should ted include in gross income : After he had paid for the computer, he discovered a rebate coupon inside the packaging. He filled out the required form and sent it to the manufacturer. The next week he received a $100 check from the manufacturer. How much should Ted include in g..
Interpret making a type one error and type two error : Very satisfied customers give the XYZ-Box video game system a rating that is at least 42. In the context of this situation, interpret making a Type I error; interpret making a Type II error.
Production worker or a supervisor : What is the probability the selected employee is a production worker? What is the probability the selected employee is either a production worker or a supervisor? Refer to part (b). Are these events mutually exclusive?
When the law of diminishing returns takes effect : Indicate whether each of the following statements is true or false. Explain why. a. When the law of diminishing returns takes effect, a firm’s average product will start to decrease
Amount of cost in ending work in process inventory : The beginning work in process inventory had a balance of $2,000. There were $42,000 of product costs added to work in process during the period. The amount of cost in ending work in process inventory is ??
Third quarter financial statements : On September 30 a company needed to estimate its ending inventory to prepare its third quarter financial statements. The following information is available:
What types of strategic alternatives might such organization : Imagine a nonprofit organization trying to raise funds for cancer research. What types of strategic alternatives might such an organization develop?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the weighted-average number of shares

Compute the weighted-average number of shares to be employed in computing earnings per share for 2013.

  Budget for production period

Antawn expects to sell 42,000 units of finished goods this period-How many units must he budget for production this period

  Us gaap or ifrs system

Which is better for preventing or detecting fraud a rules based system like US GAAP or a principles based system like IFRS? Please provide the reasons for your opinion.

  Budgeted cash balance

Finally, Giovanni estimates that he needs to withdraw $55,000 from the business (as dividends) to cover his own personal living expenses this year. Will Giovanni have enough cash to get through the year? What is his budgeted cash balance on Decemb..

  Find out the price of the bonds

1. Determine the price of the bonds at the time they were issued. 2. Assume the bonds were issued at a price of $850,000. Determine the amount of interest expense to be reported on June 30, 2008, December 31, 2008, and June 30, 2009.

  Dividends in arrears

XYZ Company has $20,000 of dividends in arrears. Based on this information, which of the following statements is false?

  Schedule of noncash investing and financing activities

Prepare the statement of cash flows for the year ended December 31, 20X6, using the direct method, and include a schedule of noncash investing and financing activities if necessary.

  Estimated cost of merchandise inventory

On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 by the retail method?

  How should ace record the purchase

Ace Bonding Company purchased merchandise inventory on account. The inventory costs $2,000 and is expected to sell for $3,000. How should Ace record the purchase?

  Computing payback period and unadjusted rate of return

Determine the payback period and unadjusted rate of return (use average investment) for each alternative. Indicate which investment alternative you would recommend. Explain your choice.

  Invested for future scholarships

Assets that the governing board of a public university, rather than a donor or other outside agency, has determined are to be retained and invested for future scholarships would be reported as:

  Comply with promulgated gaap

When a CPA is associated with financial statements that do not comply with promulgated GAAP because the statements would be misleading without the departure, the CPA is not required to disclose

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd