# A survey asks 1200 ​workers, "Has the economy forced you to reduce the amount of vacation you plan to take this​ year?" Forty​-six percent of those surveyed say they are reducing the amount of vacation. Twenty workers participating in the survey are randomly selected. The random variable represents the number of workers who are reducing the amount of vacation. Decide whether the experiment is a binomial experiment. If it​ is, identify a​ success, specify the values of​ n, p, and​ q, and list the possible values of the random variable x. Is the experiment a binomial​ experiment?

It is a binomial experiment.

A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this​ year.

The random variable x can assume any value from 0 to 20, inclusive.

Explanation:

For the question that is asked to the workers( "Has the economy forced you to reduce the amount of vacation you plan to take this​ year?") there are two possible answers, only two possible outcomes. So yes, it is a binomial experiment.

If it​ is, identify a​ success, specify the values of​ n, p, and​ q, and list the possible values of the random variable x.

A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this​ year.

n is the amount of workers that participate in the survey. So

p is the decimal probability of a success. Forty​-six percent of those surveyed say they are reducing the amount of vacation. So

q is the decimal probability of a failure. The sum of the probability of a failure and a success must be decimal 1. So

The values of the random variable x are the number of workers that say they are reducing their amount of vacation. 20 workers are surveyed, so the random variable x can assume any value from 0 to 20, inclusive.

## Related Questions

Potential effects of departmental performance reports on employee behavior include all of the following except: Including indirect expenses can lead to a manager being more careful in using service department's costs. Using budgeted service department costs insures that operating departments are not held responsible for excessive service department costs. Including uncontrollable costs can serve to improve a manager's morale.

Potential effects of departmental performance reports on employee behavior except including uncontrollable costs served to improve manager's morale.

Explanation:

• Performance management plays an important role to keep a proper record of all the works that are being performed in a company .
• A proper performance management also shows an important effect on the behavior of the employees.
• If the employees are boosted properly by the managers they will increase the productivity .
• This will help the company to earn profits. Departmental performance keep record of all the expenses that are being done during the production process . It also help the manager to gain information and can adopt proper strategy to reduce expenses.

Toys "R" Us has decreased its receivable turnover over the last three years: which of the following may be a possible cause of this decrease? A) the company has been more selective in choosing reliable customers. B) salesmen have granted customers an extension of credit terms. C) the accounting department has increased the allowance for doubtful accounts. D) all of the above are correct

B) salesmen have granted customers an extension of credit terms.

Explanation:

receivables turnover ratio = net sales / average accounts receivable

A low receivables turnover ratio is usually a bad thing, since most companies sell on credit, i.e. their accounts receivable should be important. A high receivables turnover ratio means that the company is collecting its accounts receivable efficiently and its customers are good payers.

The key point here is average accounts receivable. What can result in a company having very high accounts receivable (compared to its total sales)? The answer is simple, their customers are not paying on time or the company had to extend their credit terms in order to attract more customers.

Consider this case: Last year, Jackson Tires reported net sales of \$80 million and total operating costs (including depreciation) of \$52 million. Jackson Tires has \$115 million of investor-supplied capital, which has an after-tax cost of 7.5%. If Jackson Tire's tax rate is 40%, how much value did it's management create or lose for the firm during the year? A) 39.38 million

B) 2.66 million

C) 60.38 million

D) 8.18 million

D) 8.18 million

Explanation:

EBIT=80-52

=\$28 million

EVA=net operating profit after tax-(capital invested×WACC)

=\$28 m (1-0.4)-(\$115 m ×.075)

=\$8.18 million

Sue has transferred her transferable interest of the partnership business to her creditor to discharge her debt. however, sue is an efficient manager and she still manages the business, even after the transfer. is she still a partner?

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If the tax on gasoline is increased to provide incentives to curb air pollution, then the tax serves as

A user fee.

Explanation:

These are general fees that are known to be paid by some countries indigenous occupants which tends to commence its reading from the first of January till the 31st of December. They particularly known to be renewable in most cases. User fees confer with a financing mechanism that has two main characteristics: payment is created at the purpose of service use and there's no risk sharing. User fees can entail any combination of drug costs, supply and medical material costs, entrance fees or consultation fees. they're typically obtained each visit to a health service provider, although in some cases follow-up visits for the identical episode of illness is covered by the initial payment.

Assume that the custodian of a \$450 petty cash fund has \$65 in coins and currency plus \$382 in receipts at the end of the month. The entry to replenish the petty cash fund will include:______a. A debit to Cash for \$388.50.
b. A credit to Cash Over and Short for \$4.00.
c. A debit to Petty Cash for \$392.50.
d. A credit to Cash for \$396.50.
e. A debit to Cash for \$396.50.

A credit to cash of \$385. However, this is not an option indicated. But, according to the figures provided, the answer i recommend is correct.

Explanation:

Debit: Various expenses \$382

Debit: Cash shortage (\$450 - \$382 - \$65) \$3

Credit: Cash: 385

To record entry to replenish the petty cash fund.

The entry to replenish the petty cashfund will include a debit to Cash for \$396.50. The correct option is e.

The custodian must record a debit to the Petty Cash account to raise it back to the starting balance of \$450 in order to replenish the petty cash fund. \$382 + \$65 = \$447 in total receipts and cash on hand (coins and currency).

The custodian is short by \$2.50 because the initial fund amount is \$450. A debit of \$396.50 (\$450 - \$2.50) will be issued from Cash to reflect the amount owed to the custodian in order to return the Petty Cash account to \$450.

Thus, the correct option is e.

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